News

Small dealers see losses grow

SIOUX FALLS, S.D. – Small dealers are reporting, on average, that their net loss for the two-month period ending Feb. 29 is up 58 percent compared to the same period of 2003, Spader Cos. reported in a statement Friday. Large dealers, however, have seen their net loss shrink about 22 percent compared to the same period last year. The market ...

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Marine University launches dealer pilot program

FORT LAUDERDALE, Fla. – The Center for Environmental Education and Research's (CEERI) Marine University (MarineU) is launching a pilot program that will certify boat dealers to offer MarineU’s boating safety education program, Boater101, at their facilities, MarineU said today in a release. Beginning with a program in South Florida, Boater101 will expand nationally, helping dealers around the country promote their ...

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Boat sales strong on Treasure Coast

FORT PIERCE, Fla. – Boat dealers on Florida’s Treasure Coast are reporting strong sales during their winter season, the strongest in years, according to an informal survey conducted for a story in today’s Fort Pierce Tribune. Lou Lentine, of Lentine Marine in Stuart, Fla., was one of several local dealers contacted for the story. He said new boats are selling ...

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Tampa development will create minimum of 149 new slips

TAMPA, Fla. – Work has begun on a $40-million mixed residential development in Tampa that will be home to a deep-water marina with a minimum of 149 slips, a story in Friday’s Tampa Business Journal reported. The development will be built on 68 acres of land just south of Tyson Avenue and South West Shore Boulevard into an upscale subdivision ...

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Lake Powell water levels at 30-year low

LAKE POWELL, Utah – Water levels at Utah’s most popular lake are at a 30-year low and construction is underway to extend launch ramps to allow boaters water access this summer, according to a story on the KSL (TV) Web site today. Nearly all the lake’s launch ramps are high and dry including a ramp at Hite, Utah, on the ...

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Yamaha terminates three OEM agreements

KENNESAW, Ga. – The Yamaha Marine Group will terminate O.E.M. agreements to sell outboard motors to Lund, Lowe and Crestliner boat companies effective June 30, Yamaha said in a statement late yesterday. The decision to terminate and not renew each of these agreements is the result of the transfer of ownership of Crestliner, Lund and Lowe from Genmar Holdings, Inc. ...

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Brunswick finalizes acquisition of aluminum boat brands

LAKE FOREST, Ill. – Brunswick Co. has completed its acquisition of the Crestliner, Lowe and Lund aluminum boat brands from Genmar Industries, Inc. for approximately $191 million in cash, Brunswick said in a statement this morning. The transaction also contains provisions for additional consideration of up to $30 million to be paid in three years, based on the achievement of ...

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Defender reports record sales

WATERFORD, Conn. – Defender Industries Inc.’s same-store sales increased 24.2 percent in March and 25 percent in the first quarter 2004 over the same periods one year ago, according to a company statement released yesterday. Continuing a trend seen in recent months, sales of inflatable boats and outboard motors led Defender's 20 primary product categories again in March, followed by ...

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NMMA urges passage of Law of Sea Treaty

CHICAGO – The National Marine Manufacturers Association (NMMA) has issued an action alert urging its members to contact members of Congress and ask them to support passage of the United Nations Convention on the Law of the Sea (UNCLOS), NMMA said in a statement today. UNCLOS is an international treaty governing the use and exploitation of the world’s oceans that ...

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Grow boating initiative making progress

ST. PETERSBURG, Fla. – After more than 70 industry leaders met for nearly seven hours Wednesday, National Marine Manufacturers Association President Thom Dammrich said progress continues on a plan to help grow boating. “I’m very pleased,” Dammrich said in a phone interview Wednesday. “In a nutshell, we’re making progress toward a fall announcement.” Yesterday’s meeting was the group’s second, following ...

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