News

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced that the Paycheck Protection Program (PPP) is open again for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, ...

Lowrance announced the latest introduction in their line-up of mid-range fishfinder/chartplotter displays, the Elite Fishing System. It combines a full line-up of fishfinding tools with a display that is easy to use and easy to install. From new, high resolution ActiveTarget™ Live Sonar and Active Imaging™ with Lowrance CHIRP Sonar, SideScan and DownScan Imaging™ to preloaded C-MAP® Contour+ Fishing Maps, Elite FS ...

After a thorough market-by-market evaluation of its boat shows still on the schedule for the first quarter of 2021, the NMMA announced today it is canceling this year’s Progressive Insurance New England Boat Show and Progressive Insurance Northwest Sportshow, and postponing the Progressive Insurance Atlantic City Boat Show to April 7-11, 2021, which was originally scheduled Feb. 24-28. The Association announced in ...

Now in its fifth year, Boating Industry’s 40 Under 40 program will return in early 2021. The editorial staff at Boating Industry is now accepting nominations for its 40 Under 40 program, which highlights the best young leaders across all segments of the marine industry. Each year, Boating Industry receives hundreds of nominations from dealer principals, owners, CEOs and many ...

With heightened interest in outdoor recreation activities and ways to social distance, consumer demand for new boats surged across the country in 2020. The National Marine Manufacturers Association (NMMA), representing North American recreational boat, engine and marine accessory manufacturers, reports that retail unit sales of new powerboats in the U.S. increased last year by an estimated 12% compared to 2019. More than ...

Mercury Marine, a division of Brunswick Corporation, announced the installation of its first array of photovoltaic solar panels to be put to use at its world headquarters campus in Fond du Lac, Wis. The new array sits atop a segment of the company’s warehouse roof and comprises 320 panels, each measuring six feet wide and four feet tall. The array will generate enough electricity ...

Garmin International and Garmin Services, units of Garmin Ltd., announced the acquisition of substantially all the assets of GEOS Worldwide Limited and its subsidiaries. A privately held, industry leading provider of emergency monitoring and incident response services, GEOS Worldwide operates the International Emergency Response Coordination Center (IERCC), the nerve center for SOS rescue efforts triggered by Garmin’s inReach personal satellite ...

Sunstream Boat Lifts, manufacturer of high-quality portable and installed boat lifts and the SwiftShield Automatic Boat Covering System, announced the launch of its new free-standing hydraulic boat lift – the SunLift SLX Series. The SunLift SLX features a clean design, next generation frame, adjustable width bunks, stainless steel cylinders and hoses, the highest lifting range of any hydraulic lift currently on ...

OneWater Marine Inc. announced that it has completed the acquisition of Roscioli Yachting Center, Inc., including the related real estate and in-water slips. OneWater said the transaction expands the company’s presence in the yacht category and provides a springboard for further growth, while amplifying the company’s service and repair offerings. Roscioli Yachting Center is a full-service marina and yachting facility ...

S2 Yachts recently announced the consolidation of its Tiara brands (Tiara Yachts and Tiara Sport) under a single Tiara Yachts banner. The boatbuilder says, while this shift brings an outward and visible change to the Tiara Yachts brand, the form and functionality of every product built by S2 Yachts is ultimately, and will continue to be, Tiara. “The definitions of ...