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BAYPORT, Minn. – ValvTect Petroleum recognized Bayport Marina of Bayport, Minn., as its 2008 ValvTect Marina of the Year during the International Marina and Boatyard Conference, ValvTect reported in a recent statement. "We're pleased to present this award to Bayport Marina, widely known for...

STEVENSVILLE, Md. — J.J. Marie retired as president of Zodiac North America last month with plans to split the company into two separate divisions. As a result, the firm's recreational boating business will relocate from Maryland to South Carolina, where Zodiac plans to increase annual...

EDGEWATER, Fla. — Fishing boat manufacturer Everglades Boats will delay the introduction of most 2010 model boats until September 2009, the company reported in a release today. Company President Stephen Dougherty said the move is intended to give the Everglades dealer network additional...

CHICAGO — Nationwide, recreational boat registrations in 2007 increased one percent compared to 2006, according to a just-released report from the National Marine Manufacturers Association. The NMMA released its 2007 U.S. Recreational Boat Registrations Statistics report today, which showed...

FORT LAUDERDALE, Fla. – The growth that many boat clubs and fractional yacht ownership and lease programs reported in 2008 seems to be continuing this year, according to reports from several South Florida businesses. One explanation for this phenomenon is that yacht owners – many of whom use...

RALEIGH – HC Composites, a manufacturer of World Cat brand twin-hull boats, is purchasing Glacier Bay Catamarans of Seattle, which makes twin-hull cruising boats, and plans to expand its Tarboro operations by relocating its new brand’s operations to that facility, it reported in a recent...

BATON ROUGE, La. – AppOne, a part of Wolters Kluwer Financial Services and Tracker Marine Financial Services, LLC (TMFS), have executed a letter of engagement for TMFS to utilize AppOne’s technology product suite to help simplify the finance process for TMFS and its network of dealerships...

NEW BERN, N.C. — Hatteras Yachts Chairman Bill Naumann told the New Bern Sun Journal the marine industry needs a new business model, but he does not foresee more layoffs at the New Bern Hatteras plant, according to a Thursday report in the Sun Journal. "The market is not firming as fast as...

BRISTOL, R.I. — Goetz Custom Boats has emerged from receivership as Goetz Custom Technologies LLC, the company reported in a statement this week. Goetz hired back its entire staff in late January after being forced to lay them off because of hard financial times. Since then, Goetz Custom...

Jeezuz - no wonder they went under. Must have half a million bucks in inventory.

MILWAUKEE, Wis. — Skipper Bud’s will lease the former Heckel’s Eagle River Marina property to the Track Side powersports and marine dealership, the companies said in a release this week. In addition, Skipper Bud's will auction off parts and accessories from Heckel's, the company said. Skipper...

KNOXVILLE, Tenn. — Brunswick Corp. laid off more workers in its Sea Ray Boat division Thursday, including 70 workers at Sea Ray's Knoxville plant. This comes in addition to 70 that were already announced for the nearby Riverview plant, the Knoxville News Sentinel reported in an article...

GLOVERSVILLE, N.Y. — Taylor Made Systems, which produces marine glazing systems and framed-glass windshield technology for powerboats, plans to consolidate its operations and mothball its Bradenton, Fla., facility, the company reported in a statement today. The action is an effort to keep...

KENNESAW, Ga. — Yamaha Marine University will use the Web to deliver business management training to its nearly 2,100 dealers in an effort to reduce travel time and expenses for the dealers as well as internal costs, the company reported in a release today. Yamaha began offering online education...

SIOUX FALLS, S.D. – New boat inventory levels for the average dealer tracked by Spader Business Management were down 10 percent this January – from $3,748,782 to $3,371,627 – when compared to the same month last year, the company recently reported. Used boat inventory, however, was up 22.1...

I would think any extra surface would induce drag.

GREEN BAY, Wis. – The unemployment rate in the city of Green Bay, Wis. climbed to 10.3 percent this past January due in part to layoffs at regional employers like Cruisers Yachts and Genmar Yacht Group, according to an article today on GreenBayGazette.com. That translates into 5,944 Green Bay...

WATSONVILLE, Calif. – West Marine's net loss for the fourth quarter ended Jan. 3 was $29 million, or $1.31 per share, compared to a net loss of $65.6 million, or $3.00 per share, for the fourth quarter last year, the company reported Thursday. Boating Industry reported on West Marine's...

BELTSVILLE, Md. — Ritz Camera Centers has filed a motion in bankruptcy court seeking approval of bidding procedures for the sale of its Boater’s World business, according to a report on NetDockets.com. Ritz filed for bankruptcy Feb. 22. "Ritz currently operates 130 Boater’s World stores, but...

CHICAGO — A recently announced government lending program designed to reinvigorate credit markets has the NMMA asking for help to convey the importance of support for marine floorplan loans, which could be included in the program's second round of funding in April. On March 3, the Treasury...