Please select your home edition
Edition

Industry optimistic ahead of Presidential Election - North America MarineBusinessWorld newsletter

by Peter Rendle 2 Oct 2020 11:00 PDT
Wholesale boat shipments and new powerboat retail sales climb for third consecutive month © NMMA

As the country continues to wrestle with the Covid-19 pandemic the two candidates for the next Presidential term are locked in battle debating their respective merits. Our monthly North America Marine Business World newsletter summarises some of the activity in our industry over the past month.

Industry Update

Marine CEOs - Q2 sentiments more optimistic. NMMA's Q2 2020 Marine CEO Sentiment Report, a quarterly survey to assess the state and needs of U.S. recreational boat, engine and marine accessory manufacturing businesses, is now available.

International Boating Community urges US, EU trade officials to remove tariffs on boats. NMMA, the International Council of Marine Industry Associations (ICOMIA), and the European Boating Industry (EBI) sent a letter to the United States (U.S.) and European Union (EU) trade officials applauding their recent progress on trade negotiations and urging them to reach an agreement that removes the EU's 25 percent tariff on U.S. manufactured boats.

Wholesale boat shipments and new powerboat retail sales climb for third consecutive month. New data from the NMMA show wholesale shipments of new boats increased for the third consecutive month in July, doubling compared to June on a seasonally adjusted basis, as boat building production continued to gain momentum across all boat categories.

New Boats

McConaghy introduces the Makara superyacht series. With the Makara sailing superyacht series, McConaghy establishes its position in the semi-custom luxury yacht sector, introducing a highly advanced and complex design which, in its resulting simplicity of use, sets it apart.

Groupe Beneteau adapts its 2021 new model launch strategy. As numerous boat shows have been cancelled in different regions of the world, Groupe Beneteau and its brands are proud to announce the new models of the 2021 season that will be presented through a series of private events.

Announcing a new breed of tradition - Cape50. The Cape50 has been conceived, designed and built in Australia to meet real boating conditions by Steve Campbell's Composites Constructions. Campbell is a 30-year master Shipwright, and dedicated ocean racer who has worked and sailed at the highest level, the America's Cup. His first was 1995 with Peter Gilmour's Nippon Challenge, and then 2000 with Paul Cayard's AmericaOne.

New Products

E3 Andromeda: the smallest of Ewol propellers. Small but powerful, it has a slim and light body and it's suitable for boats from 6 to 10 meters and engines from 7 to 30 hp.

Handy New Drybags From Zhik. Joining Zhik's range of technical luggage for sailing and watersports, are two different handy dry bags. The perfect Christmas gift?

New Mercury Racing 360 APX Outboard debuts. The new Mercury Racing 360 APX competition outboard is a potent four-stroke V8 designed specifically to power Formula One tunnel boats on the UIM F1H2O World Championship.

Company Activity

Draco Boats expanding dealer network in the United States. Draco Boats, known the world over for ultra-clean, Scandinavian design and cutting-edge innovation, announced today that due to increased demand it is seeking to expand its dealer network in the United States together with sole importer and distributor Navic, LLC.

Harken employees acquire Harken. Peter Harken explains "Throughout the years, Olaf and I have been approached by lots of good people interested in acquiring our business. The way we decided was simple. We turned down every offer that didn't present a brighter future for our people than we could create on our own. We started this company to build the best sailing products we could at a fair price. We've had good success doing it, and that makes us proud.

Marine Connection joins Cobalt Boats dealer team. Cobalt Boats proudly announces Marine Connection has joined its dealer team with five locations in Southwest Florida, including West Palm, Stuart, Vero Beach, Lauderdale, and Miami. Marine Connection is a full-service dealership offering a full line of new Cobalt models.

There's much more marine industry news at www.marinebusinessworld.com/NorthAmerica

Stay safe,
Peter Rendle - peter.rendle@marinebusinessworld.com

Related Articles

Boat Show news is the flavour of the week
A summary of Oceania's recent marine industry activity We start the news with the promotion of the Melbourne Boat Show. The long awaited, much anticipated, 60th Melbourne Boat Show is set to launch this October at Docklands. Posted on 22 Sep
Our industry sails on despite interest rate hikes
Peter Rendle's latest summary of marine industry news across Oceania One indicator of the temperature of the marine industry is the international carriers. World-leading global Freight Forwarding specialists Peters & May has continued to strengthen during the first six months of 2022. Posted on 15 Sep
North American marine business news round-up
Peter Rendle's latest summary for September 2022 BRP Inc. is shaking up the boating industry with fully redesigned Manitou, Alumacraft and Quintrex boats featuring the all new Rotax Outboard Engine with Stealth Technology. Posted on 14 Sep
Alternative power solutions still hold limelight
Peter Rendle's latest summary of marine industry news across Oceania Volvo Penta has launched a new range of variable speed marine generator sets, a key enabler for electric propulsion for marine vessels, demonstrating the company's commitment to leading the marine industry. Posted on 8 Sep
Electric boat speed record shattered
Peter Rendle's latest MarineBusinessWorld Oceania newsletter Vision Marine Technologies, the global leader in the electric recreational marine propulsion industry serving OEMs, is proud to announce an historic milestone in the boating industry by shattering the 100 mph speed barrier on an electric watercraft. Posted on 1 Sep
More news of electric power developments
Peter Rendle's latest MarineBusinessWorld Oceania newsletter While Australian households ponder the thought of power supplies to keep the lights on during an exceptionally chilly winter, the marine industry continues to seek and alternative propulsion source away from fossil fuel. Posted on 25 Aug
Covid, not the only virus at play
Peter Rendle's latest summary of marine industry news across Oceania A reminder that cyber threats are always a possibility in today's volatile international environment. News from BRP that the company's efforts to restore systems and business operations are continuing following a recent cyberattack. Posted on 18 Aug
Environmental issues take centre stage
Peter Rendle's latest summary of marine industry news across Oceania Rolls-Royce is now developing mtu hydrogen electrolyzer and investing in Hoeller Electrolyzer to produce low-cost hydrogen using green electricity. Hydrogen is the fuel of the future. Posted on 11 Aug
Another year, another Boat Show
Peter Rendle's latest summary of marine industry news across Oceania Despite the inclement weather we have experienced in Sydney over the past six months, the Sydney International Boat Show managed to attract blue skies and a sunshine for the five-day duration of the show. Posted on 4 Aug
Last Week's Marine Industry News
Peter Rendle's latest summary of marine industry news across North America Peter Rendle brings you the latest summary of marine industry news across North America. Posted on 3 Aug