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CHICAGO, Ill. — A white paper developed for lenders by the National Marine Bankers Association anticipates significant opportunities for financial institutions as the recreational boating industry recovers, according to a release from the NMBA. The report says the upside potential for banks...

ALPHARETTA, Ga. – Honda Marine has extended its special consumer stimulus package to encompass the summer boating season, offering re-power financing rates as low as 4.99 percent APR throughout the summer, it reported in a statement this morning. Offered by Honda Financial Services through...

OSHKOSH, Wis. — In response to the sluggish economy, boat dealership Skipper Bud’s is “rebadging” its Oshkosh location on Lake Butte des Morts as the Midwest Marine Repo Center, it reported in a statement today. “The times are just right for businesses such as boat dealers to offer consumers...

TALLAHASSEE, Fla. — Florida's House Finance and Tax Committee unanimously approved a bill on Monday that would exempt buyers of yachts and private planes from paying the full 6 percent sales tax on their purchase, according to a story in the Miami Herald. The measure, called the Aviation and...

RACINE, Wis. – Sales of Twin Disc, Inc. (NASDAQ: TWIN) for the fiscal 2009 third quarter ended March 27 were $69,292,000, compared to $85,838,000 for the fiscal 2008 third quarter. Year-to-date sales were $223,562,000 compared to $241,345,000 for the fiscal 2008 nine months, the company reported...

JUNEAU, Alaska – The Alaska House passed the concurrence version of H.B. 177, the Alaska Dealer Bill, at 6:40 PM on Sunday night, April 19, 40-for to 0-against about one hour and 20 minutes before the end of the legislative session, the Marine Retailers Association of America reported in a...

TRENTON, Maine — Hinckley Yachts plans to let go 26 additional employees within the week, according to a report from WABI news in Maine. Company officials tell the station that if the economy doesn't improve, they may have to shut down their Trenton plant altogether. The company has enough...

CHICAGO, Ill. — The San Diego Boat Show, the Schaumburg Boat & Sportshow and the Virginia In-Water Boat Expo & Sailfest are being discontinued, according to a report from the National Marine Manufacturers Association, which produces the shows. The NMMA said its decision to cancel the shows is...

KILGORE, Texas — A new program from Skeeter provides exclusive incentives for BASS Federation Nation members, Skeeter reported in a release today. The benefits include cash-back rebates for in-stock and ordered Skeeter/Yamaha packages until March 2, extended "Real Money" tournament incentives...

VIRGINIA BEACH, Va. — Sea Ray has launched a new site that lets customers search its new and used inventory, according to a release from Channel Blade, the company that created the site. “We recognize the importance of exploring new avenues to feature and promote inventory to more potential...

WASHINGTON – After an average price per gallon last summer of $3.81 – and a peak above $4.00 – this summer’s projected average regular-grade gasoline price of $2.23 per gallon is welcome news. This prediction – made by the Energy Information Administration on Tuesday – encompasses the April...

TITUSVILLE, Fla. – Since launching its anti-splashing lawsuit five months ago to protect its hull designs from being copied, Hell’s Bay has reached an out-of-court settlement with Beavertail Skiffs, it reported in a statement this afternoon. Hell’s Bay Holdings, Inc. filed the complaint...

FLOWERY BRANCH, Ga. – The staffs of Aqualand and Trade Winds Marina, two of seven facilities under the Flagship Marinas brand, are excited at signs that the three-year drought that has impacted areas of Georgia is coming to an end, according to two press releases from the company. Aqualand...

CHICAGO, Ill. — The National Marine Manufacturers Association estimates that as of late March, marine industry unemployment was more than 50 percent, NMMA President Thom Dammrich told the Springfield Business Journal for an article published yesterday. Retail boat sales fell off precipitously...

SARASOTA, Fla. – In its first ever blog, posted yesterday, boat builder Chris-Craft discussed “The economy, boating industry, and the future for power boats.” The company explained that while “many manufacturers and dealers will not make it through this downturn,” it “made adjustments more...

WASHINGTON — The marine industry is fighting to block efforts by fuel manufacturers to increase ethanol in the fuel supply from 10 percent to 15 percent, an issue examined in a recent article by the St. Louis Post-Dispatch. The industry and a variety of small-engine manufacturers oppose the...

I finally found and spoke to the original owner of PV. He had the boat brought over from England through a broker in Long Island. The boat was already in construction and the first buyer had to back out. So he kept the boat the same name. The boat was originally all white. No color...

WATERFORD, Conn. — Defender Industries handed out bonuses to their employees Friday as a reward for Defender's success in 2008, the company reported in a statement. "We passed out tens of thousands of dollars to our staff today," Executive Director Al Knupp told Boating Industry. The...

MINNEAPOLIS, Minn. – If you’re a boat dealer, and the federal Red Flags requirement isn’t on your radar screen yet, it should be. The Red Flags requirement is designed to detect, prevent and mitigate instances of identity theft. And while identity theft can be devastating to individuals, who...

SURREY, BC, Canada – Analytic Systems is moving to a larger and more efficient manufacturing plant after spending the last 16 years in a Surrey, British Columbia-based industrial strata complex, growing from one strata unit to seven, it reported in a recent statement. The Lean Manufacturing...