Allsalt Maritime expands in the U.S. and Singapore

Allsalt Maritime Corporation, a provider of marine shock mitigation technology, recently opened two new offices to accommodate rapid growth in the commercial and recreational boating industry and deliver superior regional support to new and existing customers. Allsalt Maritime's United States office is located in Edgewater, Fla., and will be led by newly appointed brand development and US managing director Lisa ...

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Brunswick expands electrification capability

Brunswick logo

Brunswick Corporation continues to develop solutions to further improve boater experiences both by advancing the efficiency and capabilities of its core product lines and through its ACES (Autonomy, Connectivity, Electrification & Shared Access) strategy.  In order to advance this strategy, Brunswick is establishing new leaders with strong technology experience and strengthening its development capability and investments in electrification technology and ...

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Correct Craft names Scott Bauer President of Parker Boats

Correct Craft President and CEO Bill Yeargin announced Scott Bauer as the new President of Parker Boats. Bauer 26-year career in the marine industry began with Outboard Marine Corporation, working in both their aluminum boat group and engine group. He then transitioned to Tracker Marine Group where he held various positions in sales and customer service for 17 years and ...

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Sailfish Boats adds dealers

Sailfish Boats

Over the past 60-days, Sailfish Boats has added nine new dealers to its list of dealer partners. The new Sailfish dealers are:• Jefferson Beach Yacht Sales – St. Clair Shores, MI and Chicago, IL• Sovereign Marine Group – Stuart, FL• The Boat House of Anaheim – Anaheim, CA• Global Marine – Galveston, TX• Seattle Water Sports – Seattle, WA• Needham’s ...

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Malibu Boats announces Q1 results

Malibu Boats, Inc. announced its financial results for the first quarter ended September 30, 2020. Fiscal First Quarter 2021 Highlights Compared to Fiscal First Quarter 2020:    Net sales increased 5.2% to $181.0 millionUnit volume declined 5.3%Gross profit increased 14.3% to $45.7 millionNet income increased 32.1% to $22.0 millionAdjusted EBITDA increased 28.0% to $36.3 millionAdjusted fully distributed net income per share increased ...

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Volvo Penta to stop the sales and production of Seven Marine engines

Seven Marine

Volvo Penta has announced the company will put its outboard development on hold, and plans to stop the sales and marketing of Seven Marine engines from January 1st, 2021, as well as phase out production once customer demand is met. The company said in a statement they will, however, continue to support the current outboard customer base by taking full ...

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VETUS returns to the electric market

VETUS electric motor

VETUS, one of the pioneers of electric propulsion, has launched new solutions for both the new build and refit sectors. The company is is initially introducing two electric propulsion systems  – the E-POD package, designed for installation in the vessel’s stern, and the E-LINE range, which is ideal as a standard in-board diesel engine replacement. The E-LINE and E-POD systems are ...

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MarineMax reports record earnings

MarineMax logo

MarineMax, Inc., the nation’s largest recreational boat and yacht retailer, announced record results for its fourth quarter and full year ended September 30, 2020. Revenue grew over 29% to $398.8 million for the quarter ended September 30, 2020, from $308.1 million for the comparable quarter last year. The increase was driven by strong same-store sales growth of 33%. Included in ...

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Yamaha Marine’s Technical School Partnership Program reaches 100 members

Yamaha Marine Technical School

The Yamaha Marine Technical School Partnership program (TSP) reached its 100th member milestone with the addition of Prince William Sound College in Valdez, Alaska. Developed in 2015, Yamaha’s TSP program aims to develop a stronger marine technician workforce through a certified curriculum, Yamaha systems access and product donations used in the classroom for hands-on training. "We know dealers need to recruit ...

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