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Maritimo 2023 M600 LEADERBOARD

Government involvement with the industry never far away - MarineBusinessWorld N America newsletter

04/10/2023


Government involvement with the industry never far away - MarineBusinessWorld N America newsletter

North Sails Performance 2023 - LEADERBOARD

Marine Resources 2022 - LEADERBOARD

OXE Marine at METS Boat Show 2022 - photo © OXE Marine


Dear Recipient Name

OXE Marine Inc, a subsidiary of OXE Marine AB, has received an order totalling USD 5.8m, to supply a United States Governmental Agency. The scope of supply of the order includes 40 units of the company's low-emission diesel OXE outboard engines, rigging accessories, spare parts and lifecycle support as well as rigging and installation services to be performed to the fleet of vessels being fitted with OXE engines.

All products are planned for delivery in 2023 with the installation services to be carried out over 2024. The order was placed by a private contractor in the United States, which received the award to deliver the equipment to the Agency. 50% of the order (approximately USD 2.9m) will be paid in advance during the early stages of the project, and this advance payment is expected to be received during Q3 and Q4 2023.

Maritimo 2023 MPU S75   Selden 2023 CXe

Former President Donald Trump tours sportsman boats, meets with South Carolina Boating and Fishing Alliance - photo © National Marine Manufacturers Association
Former President Donald Trump tours sportsman boats, meets with South Carolina Boating and Fishing Alliance - photo © National Marine Manufacturers Association

This week, former President and 2024 presidential candidate Donald Trump visited NMMA member Sportsman Boats as part of his campaign activities in South Carolina. The former President toured the facility alongside the South Carolina Boating and Fishing Alliance (SCBFA), an organization comprised of South Carolina-based boating and fishing businesses.

This event was one in an ongoing series organized by the SCBFA to bring all Republican presidential candidates and President Biden to meet with South Carolina boating business leaders in this early primary state. Given recreational boating's $6.5 billion economic impact in the state, supporting 27,000 jobs, the former President highlighted the importance of the industry in South Carolina to both the local and national economy.

Vaikobi 2023 Gloves - MPU   Cyclops Marine 2023 October - MPU

Last week, the American Sportfishing Association (ASA) and other like-minded organizations sent a letter to U.S. Commerce Secretary Gina Raimondo outlining recommendations for how NOAA should allocate funds for the conservation of the North Atlantic right whale. This comes after NOAA committed to providing $82 million in Inflation Reduction Act funds towards protecting the North Atlantic right whales. ASA is eager to collaborate with NOAA to ensure these funds are meaningfully used towards solving a complex challenge. Learn more here.

Personnel of Coast Guard Station St. Inigoes unload donated goods collected by the Pax River Chief Petty Officer Association on January 30, 2019 - photo © Chief Petty Officer Patrick Gordon
Personnel of Coast Guard Station St. Inigoes unload donated goods collected by the Pax River Chief Petty Officer Association on January 30, 2019 - photo © Chief Petty Officer Patrick Gordon

The Coast Guard Foundation, a non-profit organization committed to strengthening the Coast Guard community and service by supporting members and families, announced today the activation of its emergency relief program to provide essential support to Coast Guard members who will be impacted by the government shutdown. During government shutdowns, Coast Guard service continues but members are not paid unless special legislation is passed to protect their pay checks. The Coast Guard Foundation is ready to respond with emergency relief support if a budget is not passed by the deadline.

Regal Boats announces expansion - photo © Regal Boats
Regal Boats announces expansion - photo © Regal Boats

Despite difficult trading conditions, production expansions continue. Regal Boats, a leader in designing and manufacturing luxury performance boats, announced an expansion project at its Belle Isle, Florida, headquarters. The expansion ceremony was attended by Belle Isle Mayor Nicholas Fouraker, city commissioners, and key Regal Boats leaders, including Duane Kuck, President and CEO of Regal Boats, and Paul Kuck, the company's Chief Operating Officer.

"We are thrilled to cement Regal's position as a premier boat builder with this significant investment in our Belle Isle headquarters," said Duane Kuck. "This expansion is not just about square footage; it's about building a facility that embodies our core purpose: to Honor God and Enrich Lives."

Marine Auctions 2019 600x500   Upffront 2020 Foredeck Club SW MPU

Powering the next wave - photo © Arc Boats
Powering the next wave - photo © Arc Boats

And the electric boat industry continues to grow. It's been a busy 2.5 years since founding Arc designing, manufacturing, and delivering the Arc One, the most advanced electric boat on the water today. That was no small feat, but it was just a starting point. They are thrilled to announce that they've closed a $70 million Series B to propel their next wave of boats.

All of their major investors, including Eclipse, Andreessen Horowitz, Lowercarbon Capital, and Abstract Ventures, participated in the round. They also welcomed Menlo Ventures to the crew, an investment led by long-time partner and boating enthusiast Shawn Carolan. The strength of the round and conviction from these amazing investors has been inspiring, and they're thankful to have them all aboard.

Coast Guard Capt. Zeita Merchant, Captain of the Port of New York and New Jersey, and members of Coast Guard Sector New York discuss the response to the fire in the Port of Newark on July 6, 2023. Marine firefighting specialists can be seen in the backgro - photo © Coast Guard Foundation
Coast Guard Capt. Zeita Merchant, Captain of the Port of New York and New Jersey, and members of Coast Guard Sector New York discuss the response to the fire in the Port of Newark on July 6, 2023. Marine firefighting specialists can be seen in the backgro - photo © Coast Guard Foundation

Not forgetting out first responders, the Coast Guard Foundation, a non-profit organization committed to strengthening the Coast Guard community and service by supporting members and families, announced today the New York Salutes the Coast Guard event will be held October 5, and will honor Coast Guard Sector New York and the Unified Command that responded to a fire on the motor vessel Grande Costa D'Avorio in the Port of Newark in July of this year.

During the ensuing emergency response that lasted for six days, claiming the lives of two first responders and injuring several others, the Coast Guard oversaw the effort to fight and eventually contain the fire while ensuring public safety and minimizing disruptions to the port.

Look forward!
Peter Rendle - peter.rendle@marinebusinessworld.com

RS Sailing 2021 - MPU   North Sails Performance 2023 - MPU


Scanstrut ATMOS wins Prestigious IBEX Innovation Award in the Mechanical Systems Category
Scanstrut, a leading innovator in outdoor technologies, is thrilled to announce that its revolutionary ATMOS product has been awarded the prestigious IBEX Innovation Award in the Mechanical Systems Category.

Public invited to vote in 4th International Electric Boat Awards - The Gussies
An international panel of electric boat experts has narrowed down the entries in the fourth annual Gustave Trouvé Awards for Excellence in Electric Boats and Boating – The Gussies – and the public is now invited

Radian chosen by Tige Boats and ATX Surf Boats as their data and telematics partner
Radian IoT, Inc. announced today it has been chosen by Tige Boats and sister brand ATX Surf Boats as their data and telematics partner.

Allen 2022 - PSH Cam Cleat MPU   J Composites 2022 - J99 MPU
Marine Products Corporation announces date for Q3 2023 Financial Results and conference call
Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2023 on Wednesday, October 25, 2023 before the market opens.

IBEX announces winners of the 2023 Innovation Awards
The International BoatBuilders' Exhibition and Conference (IBEX) announced today the winners of the 2023 IBEX Innovation Awards Program.

Coast Guard Foundation to host the New York Salutes the Coast Guard event
The Coast Guard Foundation, a non-profit organization committed to strengthening the Coast Guard community and service by supporting members and families, announced today the New York Salutes the Coast Guard event will be held October 5

Marskeel 2019 600x500   PBW Newsletter Sign-Up
Regal Boats announces major expansion in Belle Isle, FL
Regal Boats, a leader in designing and manufacturing luxury performance boats, announced an expansion project at its Belle Isle, Florida, headquarters.

Lenco debuts new brand identity reestablishing the company as a market leader
Lenco, a leader in the design and manufacture of trim tabs, actuators, hatch lifts and accessories, today announced a brand refresh.

Smartgyro sets sail for IBEX and FLIBS this month: Showcasing marine stabilization excellence
Gyroscopic stabilization innovator, Smartgyro, is thrilled to announce its upcoming participation in US based shows, IBEX (International Boatbuilders' Exhibition & Conference) and FLIBS (Fort Lauderdale International Boat Show).

Propspeed launches the Like A Pro Toolkit for marine businesses and boaters
Propspeed®, the leading innovator of underwater foul-release coatings, announced today a new product, technology, and technique with its Like A ProTM toolkit.

ASA and partners provide recommendations for Right Whale Research
ASA and other like-minded organizations sent a letter to U.S. Commerce Secretary Gina Raimondo outlining recommendations for how NOAA should allocate funds for the conservation of the North Atlantic right whale.

Tocaro Blue to unveil PROTEUS at IBEX 2023 in Tampa
Tocaro Blue is thrilled to announce its highly anticipated return to the upcoming International Boatbuilders' Exhibition & Conference (IBEX) in Tampa.

Donald Trump tours Sportsman Boats, meets with South Carolina Boating and Fishing Alliance
This week, former President and 2024 presidential candidate Donald Trump visited NMMA member Sportsman Boats as part of his presidential campaign activities in South Carolina.

OXE Marine receives order of USD 5.8 million to supply a United States Governmental Agency
OXE Marine Inc (US), a subsidiary of OXE Marine AB (publ), has received an order totaling USD 5.8m, to supply a United States Governmental Agency, (the "Agency").

Banshee Marine Audio expands OEM Product Suite
Company dedicated to offering affordable, high-quality sound systems to small and mid-sized boat builders adds amplifier and subwoofer products to line.

New wiper blades shrug off extreme conditions
Salt, grime and UV rays degrade regular marine windscreen wiper blades, making them prone to streaking and chattering.

Arc Boats close a $70M Series B
We've been busy in the 2.5 years since founding Arc — designing, manufacturing, and delivering the Arc One, the most advanced electric boat on the water today. That was no small feat, but it was just a starting point.

Gtechniq adds two proven maintenance and cleaning products to marine line
Gtechniq, global leader in the detailing industry, has announced two new maintenance and cleaning products formulated specifically for the marine environment: Citrus All Purpose Cleaner and Rust Stain Remover.

Ben Speciale inducted into NMMA Hall of Fame
NMMA announced today the induction of Ben Speciale, President of the Yamaha U.S. Marine Business Unit, into the NMMA Hall of Fame.

Coast Guard Foundation prepares for emergency relief to support coast guard members
The Coast Guard Foundation announced today the activation of its emergency relief program to provide essential support to Coast Guard members who will be impacted by the government shutdown.

GOST(R) partners with Boat Fix for enhanced 24/7 monitoring, recovery and customer service
GOST® (Global Ocean Security Technologies), has announced a partnership with Boat Fix, a recreational boating telematics company that provides vessel monitoring, uniquely backed by 24/7 live alarm and customer support.

SeaWide launches new antifouling coating with industry-first hydrogel layer - Hempel's Silic One
Hempel, world-renowned leader in antifouling technology, announced today its innovative, high-performance, copper-free, and biocide-free antifouling coating - Silic One will be available in the United States and Canada.

Spotlight on sustainability at next week's IBEX 2023
The Sustainability Experience at this year's International BoatBuilders' Exhibition & Conference (IBEX), running Oct. 3-5 at the Tampa Convention Center, will focus on education and technology driving the recreational boating industry.

Harman releases first fully digital Marine Head Unit using A2B Technology
HARMAN International announced the release of the world's first fully digital marine head unit using its Automotive Audio Bus (A2B) technology – the Harman Kardon R7100HU.

Marine Resources latest jobs: Discover the latest career paths in the industry
In this exciting new season of change, we're exploring the latest job openings out there! Check out this edition of our newsletter for a variety of opportunities in Design, Engineering, and Technical fields.

Cyclops Marine 2023 October - FOOTER

J Composites 2022 - J99 FOOTER

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