Boat shows are “crucial,” suggests study
September 30, 2008
CHICAGO – In the face of industry concern over the effectiveness of boat shows, boat show producer the National Marine Manufacturers Association (NMMA) and the Recreational Marine Research Center at Michigan State University (MSU) have unveiled the results of a year-long study, suggesting boat shows... Read more »
Fountain reports profitable fourth quarter
September 30, 2008
WASHINGTON, N.C. – Despite the industry downturn, net sales at Fountain Powerboat Industries, Inc. (FPB), a manufacturer of high performance fish boats, express cruisers and sport boats, were up for the fourth quarter ended June 30, leading to a profitable period, the company reported in a recent statement.... Read more »
MarineMax to offer CABO and Hatteras in N.Y., N.J.
September 30, 2008
CLEARWATER, Fla. – MarineMax, Inc., is adding CABO and Hatteras to its product offerings in New York and New Jersey, the company reported in a release yesterday. Prior to this expansion, MarineMax had offered Hatteras and CABO in Florida and Hatteras in Texas, the company said. “CABO and Hatteras... Read more »
President signs order protecting boating access
September 30, 2008
WASHINGTON – President Bush has signed an amendment to a 1995 Executive Order to protect recreational boating and fishing access on federal waters and marine protected areas, the National Marine Manufacturers Association reported in a release Friday. The amendment also ensures that fishing will be... Read more »
Derema Group adopts Internet initiative
September 30, 2008
SAN CLEMENTE, Calif. – Derema Group, a national marine and outdoor manufacturer’s representative organization, will be using specially designed Internet tools to connect with dealers and distributors prior to the upcoming show season, it reported in a recent statement. As part of the Derema E-Link... Read more »
Yamaha gives dealers online education option
September 30, 2008
KENNESAW, Ga. — Yamaha Marine Group recently launched its first online training module for dealers. The product education course will be live and available for use on Wednesday, the company reported in a statement. Dealers can access the training, part of the Yamaha Marine University, by clicking on... Read more »
CNL Lifestyle Properties names new acquisitions leader
September 30, 2008
ORLANDO, Fla. — CNL Lifestyle Properties, Inc. recently promoted Baxter Underwood to the role of senior vice president and chief investment officer. Underwood will lead the company’s acquisitions team in identifying new business opportunities, the company said in a release. CNL Lifestyle Properties... Read more »
Industry reacts to Genmar’s plans
September 26, 2008
MINNEAPOLIS – In a move that Genmar Holdings Chairman Irwin Jacobs said demonstrates his company’s optimism about the future of the boating industry, the boat-building conglomerate announced in a letter to the industry Wednesday that it’s planning to re-enter the aluminum boat market. This move... Read more »
KeyBank departure adds to analyst concerns
September 26, 2008
CLEVELAND – The announcement by KeyCorp (NYSE: KEY) that it will exit the retail and commercial marine and RV business conducted through Key Recreation Lending has analysts concerned about the implications on the marine industry. While Key’s exposure in the marine industry is more concentrated in... Read more »
Florida retailer Lentine Marine to stop selling new boats
September 26, 2008
STUART, Fla. — Longtime Treasure Coast boat dealer Lentine Marine will no longer sell new boats, according to a report on TCPalm.com. The company cites rising costs and lagging sales, the site says, as the reason it will transition to selling pre-owned boats on consignment. “We’ve lost a lot of... Read more »
