Please select your home edition
Edition
2024 fill-in (top)

Introducing our weekly North America marine industry newsletter

07/06/2023


Introducing our weekly North America marine industry newsletter

J Composites 2022 - J45 v4 LEADERBOARD

North Sails Performance 2023 - LEADERBOARD

Discover boating - photo © National Marine Manufacturers Association


Dear Recipient Name

Good morning all industry members reading this newsletter. In response to a number of requests, we will be posting a weekly summary to all subscribers, highlighting the major developments in our industry over the previous week.

However, space is limited and there will be many more updates on the website - www.marinebusinessworld.com/NorthAmerica - please enjoy and if you want to supply any feedback you can contact me at the email address below.

First up this week we bring you news from the National Marine Manufacturers Association (NMMA) and the impact to the industry since the Covid period. NMMA recently announced new data from the 2023 Economic Impact Study of the Recreational Boating Industry, conducted by John Dunham & Associates.

The latest analysis reinforces that recreational boating is a major economic engine in the U.S. and the data underscores extraordinary growth and demand our industry has experienced coming out of the pandemic.

Azimut Magellano 60 - photo © Azimut|Benetti Group
Azimut Magellano 60 - photo © Azimut|Benetti Group

Energy alternatives are developing across the globe and we will bring you the latest developments as they occur. From Europe we learn that the Azimut|Benetti Group and Eni Sustainable Mobility have signed an agreement for the supply and use of HVOlution, the biofuel produced from 100% renewable raw materials. This is the first yachting industry agreement that targets decarbonisation.

HVOlution, a biofuel made of 100% Hydrogenated Vegetable Oil (HVO), is produced in Eni Sustainable Mobility's Venice and Gela biorefineries from waste raw materials and vegetable residues, or from oils generated from crops that do not compete with the food chain, in a circular economy model applied to mobility. Factoring in the entire logistics and production chain, HVOlution can deliver emissions reductions of up to 90% compared to the benchmark fossil blend, depending on the raw materials used for its production.

Maritimo 2023 MPU S75   Marine Auctions 2019 600x500

E-Motion™ Powertrain - photo © Vision Marine Technologies
E-Motion™ Powertrain - photo © Vision Marine Technologies

And from Canada, Vision Marine Technologies Inc (NASDAQ: VMAR), a pioneering force in recreational electric marine propulsion, proudly announces the acquisition of critical industrial tooling to support the production capacity of over 10,000 battery packs per year. This strategic milestone firmly establishes Vision Marine as a frontrunner in meeting the escalating demand for electrified marine solutions.

Over the past two years, Vision Marine, in collaboration with its partners, has developed the industry's first monolithic marine-dedicated battery pack, meticulously engineered to power the E-Motion™ Powertrain. These state-of-the-art battery packs surpass readily available alternatives sourced from the automotive industry, showcasing Vision Marine's unwavering commitment to deliver superior quality and performance.

Bennington LX Sport - photo © Bennington
Bennington LX Sport - photo © Bennington

Awards play an important part in any industry and the marine sector is no exception. Bennington, North America's leading manufacturer of pontoon boats, has announced its boat dealer recipients of the NMMA 2022 Marine Industry Customer Satisfaction Index (CSI) Awards. There were 158 Bennington dealers recognized this year, by far the most of any pontoon brand in the program.

The NMMA uses dealer satisfaction data collected through the Marine Industry CSI program to recognize boat dealers who actively measure customer satisfaction and pursue continuous improvements to better serve their customers.

"The industry welcomed a significant number of new boaters in 2022, and these dealers greeted them through an exceptional sale experience, while helping to retain existing boaters by delivering an extraordinary level of ongoing service," said Robert Newsome, senior vice president of operations for NMMA. "Congratulations to the 2022 CSI Award boat dealer recipients for creating an outstanding purchase and ownership journey that nurtures a life-long passion for boating."

The Godfrey XP Series - photo © Adventure Studios - John Linn
The Godfrey XP Series - photo © Adventure Studios - John Linn

At the same time, Godfrey Marine, manufacturer of premium family Godfrey pontoon boats and Hurricane deck boats, announced its boat dealer recipients of the NMMA 2022 Marine Industry Customer Satisfaction Index Awards. There were 108 Godfrey dealers and 53 Hurricane dealers recognized this year.

Viasat closes acquisition of Inmarsat, new global communications partner created - photo © Viasat
Viasat closes acquisition of Inmarsat, new global communications partner created - photo © Viasat

Company acquisitions are an ongoing activity and recently ViaSat Inc (NASDAQ: VSAT), a global communications company, announced the completion of its acquisition of Inmarsat. The combined company enhances our scale and scope to continue to drive growth in the increasingly dynamic and competitive satellite communications industry. The company's assets, once fully integrated, are expected to increase the pace and scope of innovation in the global satellite connectivity sector, offering new and improved capabilities to customers that will address the ever-increasing speed, flexibility, reliability, coverage and security they demand.

"We are thrilled to welcome Inmarsat's employees, customers, shareholders and partners into the Viasat ecosystem," said Mark Dankberg, Chairman and CEO, Viasat. "The combination of our companies brings together the people, technology, innovation, network assets, spectrum resources and global partnerships needed to help connect the world more affordably, securely and reliably. Together, we believe we are positioned to offer customers a multi-layered network that gives them the right connectivity at the right time, place and price.

Assuming control, Managing Director Tom Barry-Cotter, and Founder Bill Barry-Cotter review the model of the new M75, 20 years after the groundbreaking Maritimo 60 was unveiled - photo © Maritimo
Assuming control, Managing Director Tom Barry-Cotter, and Founder Bill Barry-Cotter review the model of the new M75, 20 years after the groundbreaking Maritimo 60 was unveiled - photo © Maritimo

From overseas, a supplier to the North American market, Maritimo, has celebrated its 20th Anniversary. This chapter encapsulates a great success story, for what is now an iconic Australian brand that manufactures for a global market. The luxury long range motor yacht manufacturer has firmly etched itself within the very fabric of Australian business success stories. Twenty years is indeed a milestone and will be widely celebrated, but it will be done so without shifting the balance from always looking forward with vision for the future.

Lots more marine industry news on the website - updated daily - www.marinebusinessworld.com/NorthAmerica

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

J Composites 2022 - J99 MPU   Selden 2020 - E40i electric winch - MPU


NMMA attends Western States Boating Administrators Association Conference
NMMA attended the 61st Annual Western Boating Administrators Association (WSBAA) Conference in Lake Tahoe, hosted by Nevada's Department of Wildlife Boating Division and the WSBAA Board.

Bennington dealers recognized for exceptional customer service
Bennington, North America's leading manufacturer of pontoon boats, has announced today its boat dealer recipients of the National Marine Manufacturers Association (NMMA) 2022 Marine Industry Customer Satisfaction Index (CSI) Awards.

Blue Innovations Group partners with Setsail World as official dealer in Spain and Portugal
Blue Innovations Group (BIG), a sustainable marine technology company based in Pinellas Park, Florida, USA, is pleased to announce the appointment of Setsail World, SL in Valencia, Spain as an official dealer partner for Spain and Portugal.

North Sails Performance 2023 - MPU   Allen 2022 - TiiTAN MPU
Recreational Boating & Fishing Foundation celebrates National Fishing and Boating Week 2023
To celebrate National Fishing and Boating Week (NFBW), the Recreational Boating & Fishing Foundation (RBFF) announced a new product partnership with Berkley, a Pure Fishing brand: the Fearless Fishing Line.

New York Yacht Club American Magic secures permanent home base in Pensacola, Florida
NYYC American Magic has called Pensacola, Florida its home base for training, and the destination is excited to officially announce that Pensacola will now be the club's permanent winter training location.

MarineMax expands in the Midwest with the addition of C&C Boat Works
MarineMax, Inc., (NYSE: HZO) announced the acquisition of C&C Boat Works, a full-service boat dealer in Crosslake, Minnesota. The transaction expands MarineMax's footprint in Minnesota to five locations.

Cyclops 2022 November Load Pin MPU   Vaikobi 2023 Gloves - MPU
New economic impact study data highlighted in latest Marine Minute
NMMA recently announced new data from the 2023 Economic Impact Study of the Recreational Boating Industry, conducted by John Dunham & Associates.

Sea Tow Foundation invites submissions for 2023 National Boating Safety Awards
The Sea Tow Foundation and its esteemed Boating Safety Advisory Council are delighted to announce the call for entries for the 2023 National Boating Safety Awards.

Capt. Dana Rutland goes inland, opening TowBoatUS Clarks Hill Lake, Georgia
Capt. Dana Rutland, owner of TowBoatUS on-water recreational boat towing ports in Savannah and St. Catherines, Georgia, and Beaufort, South Carolina, has opened his fourth location - this one on inland freshwaters.

Upffront 2020 Foredeck Club SW MPU   RS Sailing 2021 - MPU
Call for 2023 IBEX Innovation Award entries now open
Entries for the 2023 IBEX Innovation Awards program are now being accepted.

Eni Sustainable Mobility: Azimut|Benetti Group together to decarbonise the yachting industry
Azimut|Benetti Group and Eni Sustainable Mobility have signed an agreement for the supply and use of HVOlution, the biofuel produced from 100% renewable raw materials*. This is the first yachting industry agreement that targets decarbonisation.

Maritimo Celebrates 20 Years. 2003 – 2023
The first instalment to mark a year of celebrations for Maritimo's 20th Anniversary. This chapter encapsulates a great success story, for what is now an iconic Australian brand that manufactures for a global market.

Marskeel 2019 600x500   PBW Newsletter Sign-Up
Godfrey Marine dealers awarded NMMA 2022 Marine Industry CSI Award
Godfrey Marine announced its boat dealer recipients of the National Marine Manufacturers Association (NMMA) 2022 Marine Industry Customer Satisfaction Index (CSI) Awards.

Marine Resources latest jobs: Navigate your way to a fulfilling career with these exciting roles
Ready to embark on a new path in your professional life? Discover our latest job openings in the marine industry and set sail towards a brighter and more fulfilling future. From shipbuilding to design and sales, many opportunities await you.

NOAA's Proposed Speed Rule Poses Risks to Coastal Businesses and Boaters
Recreational boating and fishing community stakeholders continue to speak out regarding the National Oceanic and Atmospheric Administration (NOAA)'s proposed North Atlantic Right Whale Vessel Speed Reduction Rule.

Viasat completes acquisition of Inmarsat
The combined company enhances our scale and scope to continue to drive growth in the increasingly dynamic and competitive satellite communications industry.

Vision Marine secures key industrial tooling to meet growing demand in the marine industry
Vision Marine Technologies Inc. proudly announces the acquisition of critical industrial tooling to support the production capacity of over 10,000 battery packs per year.

Interview with Riviera Australia Owner Rodney Longhurst
Mark Jardine spoke to Rodney Longhurst, the Owner of Riviera Australia, in the AIMEX Garden at the Sanctuary Cove International Boat Show 2023.

Cyclops 2022 November Load Pin FOOTER

Upffront 2020 Foredeck Club SW FOOTER

This email was sent to the.recipients@email.address by YY Online Services Ltd.
Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW
Registered in England No. 7895890

Our records show that you signed up to receive news from us on 1 January 2000

Please do not reply to this message as this address cannot receive replies.

You can unsubscribe at any time or email us here if you encounter any difficulties
2024 fill-in (bottom)J Composites J/99Maritimo 2023 S600 FOOTER