Jersey boatbuilders see improving economic signs

Author:
Updated:
Original:

Southern New Jersey's major boatbuilders say they are starting to see early signs of a rebound.

"We started bringing people back after the first of the year," Brett Marshall, vice president of sales and marketing at Luhrs Marine Group, told The Press of Atlantic City newspaper. "We just finished a new Mainship Trawler we'll be introducing this month in Miami and we brought people back to help on that."

Viking Yacht Co. "had a good run of people buying boats" from an October Florida show through December, with about 15 boats sold, spokesman Peter Frederiksen said.

"We have two production lines running and we're hoping to open a third line sometime in March," he told the newspaper. "We're looking at calling back some of the people we furloughed."

Ocean Yachts also has seen signs of improvement in the boat market.

"We're cautiously optimistic," said Doug Finney, vice president of sales and marketing. "Since late October, some of the repossessed boats and a number of inventory boats all of a sudden started to move."

Click here for the full article.

Related

Vision Marine, Hellkats to Attempt E-Boat Speed Record

A Hellkats 32-foot Widebody equipped with Vision Marine’s E-Motion powertrain will try to be the fastest electric boat in its category.

Grand Banks Operations Remain Halted

The announcement follows the Malay government order extending movement restrictions to curb the spread of Covid-19.

OneWater Marine to Acquire N.J. Stone Harbor Marina

The acquisition further expands OneWater’s reach in the Northeast.

Rounding the Last Bend?

As all segments of the economy race to surpass prepandemic levels, a bit of wheelspin is expected to occur, but not for long.

MMTA Kicks Off Boater Initiative

Encouraging waterborne travel to the Bay State. Plus: businesses can legally require its staff to receive a Covid-19 vaccine.

Fairline Yachts Acquired

For the third time in five years, the esteemed U.K. builder has changed hands.

Free Fishing Fun with Cabela’s and Bass Pro Shops

To launch their Gone Fishing promotion, the outdoors companies are donating 40,000 rods and reels to youth-fishing partners and holding free in-store fishing events June 19-20.