Fineline Industries acquires Gekko Sports
October 31, 2008
MERCED, Calif. – Fineline Industries has purchased Gekko Sports, hiring Gekko founder Mark Overbye as its new chief marketing officer, the company reported in a recent statement. “This is a great day for Gekko and everyone in the Fineline family,” declared Mark Overbye, founder of Gekko Sports.... Read more »
Trailer manufacturer to consolidate its operations
October 31, 2008
HUMBOLDT, Iowa – Marine and recreational trailer builder HLT Ltd., formerly known as Hawkeye Leisure Trailers, will consolidate its trailer operations to Humboldt, Iowa, moving the remaining Eagle Trailer production immediately, it reported in a statement yesterday. HLT, which is currently producing... Read more »
Marine bankers postpone annual workshop
October 31, 2008
CHICAGO — Citing current economic conditions, the National Marine Bankers Association (NMBA) will postpone its 2008 Annual Marine Lending Workshop, originally scheduled for December 7-9 at the Embassy Suites in Fort Lauderdale, until the first week of December 2009, it reported in a statement this... Read more »
Chris-Craft to shut down production for six weeks
October 31, 2008
MANATEE COUNTY, Fla. – Luxury boatmaker Chris-Craft will shut down production during the holiday season the HeraldTribune newspaper reported in a story on its Web site this morning. Chris-Craft will stagger production work beginning in mid-November, and most of its 200 employees will be off for... Read more »
Beneteau prepares to enter luxury yacht market
October 31, 2008
MARION, S.C. – The Beneteau Group is preparing to enter the luxury yacht market (powerboats over 15 meters), recently creating Monte Carlo Yachts SPA, a company that will be responsible for developing a new range of open and fly-bridge yachts. Carla Demaria, who served on the management committee at... Read more »
Garmin’s marine revenue falls 8 percent
October 31, 2008
CAYMAN ISLANDS – Reporting its third quarter results for the period ended Sept. 27, Garmin Ltd. said that despite a total revenue increase of 19 percent over the previous year’s quarter, from $729 million to $870 million, revenue for its marine segment decreased 8 percent, to $44 million in the quarter. Revenue... Read more »
Marine Products Corp. sales drop almost 40 percent
October 31, 2008
ATLANTA – Marine Products Corp. (NYSE: MPX), a manufacturer of fiberglass boats under the brand names Chaparral and Robalo, generated net sales of $31,582,000 during the third quarter ended Sept. 30, a 39.8-percent decrease compared to $52,481,000 last year, the company reported in a recent statement. The... Read more »
Travelers to offer hybrid boat insurance discount
October 31, 2008
HARTFORD, Conn. – Travelers (NYSE: TRV) is introducing what it describes as “an industry-first” discount of up to 10 percent on hybrid boat and yacht insurance, it reported in a statement yesterday. “Hybrid vessels are using the latest, state-of-the-art technology in the marine industry,” said... Read more »
Connecticut dealer launches yacht brokerage subsidiary
October 31, 2008
NIANTIC, Conn. – Boats Inc. is expanding its business to offer yacht brokerage services, it reported in a statement this morning. The newly formed subsidiary, Boats Yacht Brokerage, LLC, was established to offer clients a division that specializes in brokering powerboats starting at $200,000, according... Read more »
Expansion planned for Hell’s Bay Boatworks
October 31, 2008
TITUSVILLE, Fla. – Business at Hell’s Bay Boatworks was “remarkable” in the run-up to the Fort Lauderdale International Boat Show, the company said in a release yesterday. The 10-year old Titusville, Fla., company, which builds custom shallow-water performance skiffs, is riding a high tide based... Read more »
