Please select your home edition
Edition
MBW newsletters (top)

MarineBusinessWorld.com Newsletter: The marine industry is truly global

by Peter Rendle 20 Jun 2019 08:00 PDT
Marine Recruitment Services © Marine Resources

Thanks to all those industry members who wrote to let us know that our inaugural monthly e-newsletter was amicably received. Please add our email address to your mailing list for your business news.

The marine industry is truly global, and our first item is news from France about a new appointment from an international boat builder. The Board of Directors of Beneteau S.A. has announced that Mr Hervé Gastinel's duties as Chief Executive Officer and his other positions within Groupe Beneteau ended on June 15 and 16, 2019. The Board of Directors has appointed its Chairman, Mr Jérôme de Metz, as Chief Executive Officer, replacing Mr Gastinel. Alongside this appointment, the Boat Division's Management Board is also evolving to unite the Group's teams, brands, design units and plants around a stronger shared project.

Closer to home, Twin Disc, Inc. a global leader in power transmission technology for marine and land-based applications, has appointed James E. Feiertag as president and COO, effective May 1, 2019. Feiertag assumes the role of president, previously held by CEO John H. Batten, and replaces COO Mac Moore, who will retire May 31, 2019. In this role, Feiertag will be responsible for overseeing the functions of operations, sales, marketing, distribution and engineering.

For companies that exhibit at boat shows, Jennifer Thompson, Senior Vice President of NMMA Shows was named the first female president of the International Federation of Boat Show Organizers (IFBSO) on Friday, June 7 in Split, Croatia at their annual conference. Thompson replaces Goetz-Ulf Jungmichael following his third two-year tenure.

Staying with the international theme, news of a takeover by a US company of a British marine icon: LCI Industries today announced that its wholly-owned subsidiary Lippert Components, Inc. a supplier of a broad array of highly engineered components for the leading OEM of leisure vehicles and mobile transportation, and the related aftermarkets of those industries, has reached an agreement with the board of directors of Lewmar Marine Limited a supplier of leisure marine equipment, headquartered in Havant, United Kingdom, on the terms of a recommended cash offer for Lewmar by LCI, pursuant to which LCI would acquire the entire share capital of Lewmar.

New product developments include Evinrude's announcement of the expansion of the revolutionary Evinrude E-TEC G2 product line to include 115 H.O., 140HP and 150HP models. Evinrude's extended line-up is designed to give more boaters confidence on the water - in any situation.

And a warning to boaters about E15 fuel. After the objections of a wide coalition of American citizens and environmental, conservation, food producer, fuel retailer, taxpayer advocate, and outdoor recreation industry groups, the Environmental Protection Agency (EPA) recently waived Clean Air Act provisions and eliminated the three-and-a-half-month blackout period on the sale of E15 (15% ethanol) fuel during the summer months, permitting the fuel to be sold year-round.

The fuel had been banned at the pumps from June 1 to September 15 over concerns that it contributed to smog on hot days. As a result of EPA's action, Boat Owners Association of The United States (BoatUS) is advising boaters that they will need to be very cautious at the gas station to ensure they aren't filling their boats with fuel that's bad (and illegal) for boat engines.

More news follows below. Please forward your press releases to peter.rendle@marinebusinessworld.com

Peter Rendle
MarineBusinessWorld.com

Related Articles

HKBIA Covid-19 Impact Survey
Event cancellation and Mainland industry downturn are major factors A survey of Hong Kong's leisure marine businesses, members of the Hong Kong Boating Industry Association, the HKBIA, attracted a large and powerful response from the multifaceted membership, most of whom are SMEs. Posted on 1 Apr
Australian Boat Shows join the cancellation list
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter With the Covid-19 virus causing chaos the world over and the announcement that the Olympic Games had been postponed for 12 months, it came as no surprise to receive the announcement of cancelled boat shows in Australia. Posted on 26 Mar
Hong Kong Yacht Show. Reset, and try again.
A new international showcase for Asia's most mature yachting market Verventia Pte Ltd, organisers of Singapore and Thailand Yacht Shows, have joined forces with the HKCYIA to launch the Hong Kong Yacht Show - bringing a new international showcase to Asia's most mature yachting market. Posted on 24 Mar
An industry update in light of Coronavirus turmoil
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter We are already seeing the repercussions of the coronavirus pandemic and the government rulings on social gatherings. The Pittwater Expo at the Royal Prince Alfred Yacht Club has been cancelled together with the Rosehill Boat Show in Sydney. In Queensland Posted on 19 Mar
Will world economic uncertainty affect industry?
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter The effects of the Covid-19 virus continue to rock the world and the Australian Government has extended a ban on non-citizen arriving from overseas countries to include Italy. How these measures will affect the industry is still being debated. Posted on 12 Mar
The industry looks toward upcoming boat shows
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter As we slowly emerge from summer amid welcome torrents of rain along the eastern states in Australia, the industry looks to prepare for upcoming boat shows. Posted on 5 Mar
Superyachts provide industry opportunities
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter While the coronavirus plays havoc with world trade, Australia has faced its most tumultuous summer in years. Wild fires have devastated many hectares of bush while the following downpour of rain has caused its own problems. Posted on 27 Feb
Positive feedback despite world trade disruption
Peter Rendle's latest North American MarineBusinessWorld.com newsletter As the coronavirus dominates world news and is now having an effect on the stock market, the boating industry is reporting positive feedback from the numerous boat shows that have taken place this year. Posted on 26 Feb
Time to get the accommodation fixed for Hammo
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter Having sailed at Hamilton Island Race Week on numerous occasions I know from experience the difference between sleeping in a well-appointed hotel/chalet room as opposed to a pipe cot aboard the yacht. Posted on 20 Feb
Multihulls, power and sail, are prominent
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter Despite the corona virus and the extreme weather conditions in Australia that have swung from a fire emergency to a flood problem, dominating the news channels, the marine industry remains optimistic in 2020. Posted on 13 Feb
MBW newsletters (top)