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Boating Industry News

Consumer confidence falls nearly 9 points in November

By Brianna Liestman NEW YORK – Consumer confidence declined to 90.4 in November. This is a sharp fall from an adjusted rate of 99.1 in October and marks the second consecutive month of declines for the index. “Consumer confidence retreated in November, following a moderate decrease in October,” said Lynn Franco, Director of …read more

Source:: Boating Industry News

      

Schooner Amistad has new non-profit owner in Connecticut

By Webmaster A Connecticut judge ended state receivership over the Amistad schooner — a replica of the ship African captives seized as they were being brought to Cuba in 1839 — and dissolved the embattled organization that had operated the ship. Superior Court Judge Antonio Robaina in Hartford ended the receivership last …read more

Source:: Trade Only Today

      

NMMA reports gain in engine shipments

By Webmaster U.S. outboard engine wholesale shipments were up 4.9 percent year over year for the 12 months through October. That was for the National Marine Manufacturers Association’s control group of manufacturers, which represents 95 percent of the market. Gains continue to be led by four-strokes and higher-powered engines. Total retail sales …read more

Source:: Trade Only Today

      

Approve the tax extenders now, then create long-term tax stability

By jonathan.sweet The U.S. Congress is creating an environment of unnecessary uncertainty related to certain tax provisions that is hurting our country and industry. Congress’s handling of these provisions, commonly called “tax extenders,” with inaction and delay creates an environment of instability for U.S. businesses which hurts the U.S. economy, our competitiveness …read more

Source:: Boating Industry News

      

Hinckley CEO loses cancer battle

By Webmaster Jim McManus, president and CEO of The Hinckley Company, died of cancer on Tuesday after a long, hard-fought battle. He was 52. “The board of directors and the employees of The Hinckley Company mourn the passing of their friend and chief executive officer James P. McManus,” the company said in …read more

Source:: Trade Only Today

      

Chesapeake captains group elects new officers

By Webmaster The Chesapeake Area Professional Captains Association elected new officers for 2016. Capt. Karen Holcomb will continue as president of the 300-member organization and Capt. Ken Appleton will remain secretary. Captains elected to new posts include Bill Washington, first vice president; Hamilton Gale, assistant vice president; and Carl Bart, treasurer. New …read more

Source:: Trade Only Today

      

Beneteau announces next generation of Gran Turismo

By Brianna Liestman ANNAPOLIS, Md. – Beneteau America announces the renewal of the Gran Turismo range of express cruisers with two new models, the GT40 and GT46, launching next February. To create these new yachts, Beneteau continued its partnership with designers Nuvolari and Lenard. In addition to their notoriety for multiple famous yacht …read more

Source:: Boating Industry News

      

NMMA seeks help on industry job database

By Webmaster The U.S. Department of Labor’s Bureau of Labor Statistics is asking the marine industry to provide updates to the agency’s Standards of Occupational Classification — a published database that covers all American occupations. The National Marine Manufacturers Association said this is “an important metric that helps industries highlight their economic …read more

Source:: Trade Only Today

      

Consumer confidence drops in November

By Webmaster With the holiday shopping season looming, consumer confidence declined for the second month in a row in November as Americans expressed fears about the job market. The Conference Board said today that its Consumer Confidence Index fell nearly nine points to 90.4 from 99.1 in October. “Consumer confidence retreated in …read more

Source:: Trade Only Today

      

Malibu Boats debuts 23-foot towboat

By Webmaster Malibu Boats launched its new M235, the boat the company said garnered it an invitation to the U.S. Naval Academy. Developed in secrecy, the performance towboat is 23 feet, 5 inches in length and includes the company’s integrated surf platform. Malibu’s design, engineering and athlete teams worked together on the …read more

Source:: Trade Only Today

      

Boston Whaler honors employees for military service

By Webmaster On Veterans Day, Boston Whaler honored military veteran and reservist employees with a special gathering to celebrate their service. Boston Whaler president Huw Bower thanked the veterans, presenting each with a custom-designed T-shirt, a note of gratitude and a copy of a group photo taken at the ceremony. “Our commitment …read more

Source:: Trade Only Today