The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.
1. NMMA: Powerboat shipments up 1.8 percent
Wholesale shipments of traditional powerboats were up 1.8 percent through October for the National Marine Manufacturers Association's control group of manufacturers (representing 68 percent of the market) with growth in the fiberglass outboard boat and inboard boat segments offsetting declines in other categories, NMMA reported. Corresponding dollars were up 8.7 percent. Personal watercraft shipments were up 16.9 percent YOY through October.
2. Princess Yachts cutting 350 jobs
U.K.-based Princess Yachts will be eliminating 350 jobs, the Plymouth Herald reported.
The company said it is still in a strong position and its core business is strong. Competitor Fairline Boats also recently went into receivership (equivalent to bankruptcy in the U.S.). On the other hand, Sunseeker, which had multiple rounds of layoffs in recent years, announced last week it would be adding 225 manufacturing jobs.
3. Racine couple quit law practices for boating life
Here's a fun story about a Wisconsin couple that left their law practices behind to spend six months boating before starting a new life in Arizona.
4. The 10 commandments of time management
Who can't use better time management? Here is some key advice to make the most of your limited time.
5. And on a lighter note ...
The Chicago Boat, RV, and Strictly Sail Show is this week, and the local Fox station took the opportunity to pull out every bad boating pun in the book.
A brief sample: "Ogulnick is the "cod-father" of the Chicago Boat, RV, and Strictly Sail Show. He knows getting 900-thousand square feet in "ship shape" is quite the "oar"-deal."