Lyman-Morse ‘persevering’ through market conditions


A recent e-newsletter from Cabot Lyman, owner of Lyman-Morse Boatbuilding Co. in Thomaston, Maine, seeks to set the record straight on the current state of his company.

"We are still alive and well, and still building exceptional boats ..." Lyman said, before detailing what various changes in personnel and management style in light of the current economic climate.

The custom boatbuilder is "persevering" and remains "strong," Lyman said, despite the departure of company president JB Turner and two projects halted midstream. Despite a decline in manpower, the company maintains 100 employees on its books.

Several large refit jobs during the winter and a full workload this summer has kept the crew working.

Consultants were brought in two years ago to review financial and management aspects of Lyman-Morse, which has since led to steps to alter and streamline the day-to-day business practices.

The restructuring toward greater efficiency will place the 32-year-old boatbuilder in a better position going forward, according to Lyman.

Click here to read the full letter.


NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.