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The marine industry is truly global - MarineBusinessWorld.com North American newsletter

20/06/2019


MarineBusinessWorld.com Newsletter: The marine industry is truly global

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Dear Recipient Name

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.

Groupe Beneteau appointed Jérôme de Metz as Chairman and CEO - photo © Mirna Cieniewicz
Groupe Beneteau appointed Jérôme de Metz as Chairman and CEO - photo © Mirna Cieniewicz

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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.

James E. Feiertag - photo © Twin Disc, Inc.
James E. Feiertag - photo © Twin Disc, Inc.

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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.

Jennifer Thompson - photo © NMMA
Jennifer Thompson - photo © NMMA

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.

Lewmar Custom Winch gears - photo © Lewmar
Lewmar Custom Winch gears - photo © 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.

E15 gasoline is illegal for use in boats, many other vehicles, and power equipment. Can you find the E15 warning label? - photo © National Marine Manufacturers Association
E15 gasoline is illegal for use in boats, many other vehicles, and power equipment. Can you find the E15 warning label? - photo © National Marine Manufacturers Association

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

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B&G announces V60-B VHF Radio with AIS transmit/receive capability
B&G®, the world's leading sailing navigation and instrument specialist, announced today the release of the first VHF radio with a fully integrated Class B AIS transceiver, the V60-B VHF radio.

Groupe Beneteau appoint Jérôme de Metz as Chairman and CEO
The Board of Directors of BENETEAU S.A. is announcing that Mr Hervé Gastinel's duties as Chief Executive Officer and his other positions within Groupe Beneteau ended on June 15 and 16, 2019.

Five months to go to Yacht Racing Forum 2019
The leading annual conference for the business of sailing and yacht racing will take place on November 25-26 in Bilbao, Spain.

Vaikobi 2019 - MPU 3   upffront 2018 Velocitek Prism 300x250
Boaters beware at the fuel pump this summer: A bad fuel is lurking
Over 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)

Twin Disc appoints Feiertag as president and COO
Twin Disc, Inc. (NASDAQ: TWIN), 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.

Details of IBEX Industry Breakfast and Awards Ceremony announced
The International BoatBuilders' Exhibition and Conference (IBEX), announced today the details of its annual Industry Breakfast and Awards Ceremony.

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Galeons on the starboard bow!
Galeon had decloaked to announce their arrival in Australia only a few weeks before the 2019 Sanctuary Cove International Boat Show. Manufacturing 150 boats per annum, and doing very well in the United States thank you very much.

Capt. "Jimmer" Kennedy takes helm at five Ohio TowBoatUS locations
Recently named the Best Coastal Small Town by USA Today, Sandusky's waterfront has long been popular with recreational boaters. With the increased density of boats come more unexpected boat breakdowns that require a tow back to the marina or launch ramp.

CrossTimbers Marina open for business
Suntex Marina Investors LLC (Suntex), the premier owner and operator of best-in-class marina properties, announced today that the CrossTimbers Marina is still open for business in spite of historic flooding of the Skiatook Lake.

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NMMA's Jennifer Thompson named first female President of IFSBO
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.

Quantum Sails powers first ClubSwan 36 for groundbreaking launch
Quantum Sails is proud to be involved in making this boat-of-firsts fly, and in helping Nautor's Swan disrupt the world of sailing with this new one-design class aimed at giving the amateur sailor access to extreme performance.

Evinrude launches new 3-Cylinder E-TEC G2 models
Evinrude announced today 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.

Palm Beach and Grand Banks – covet = appreciation, understanding, and knowledge
Nearly every person I know in the marine game covets a Palm Beach. It's the style, the performance, the build quality, the niceties, the durability, and dare I say it, the je nes sais quoi.

Lippert Components submits offer to purchase Lewmar Marine Ltd.
LCI Industries (NYSE: LCII) today announced that its wholly-owned subsidiary Lippert Components, Inc. ("LCI"), a supplier of a broad array of highly engineered components for the leading original equipment manufacturers ("OEMs") of leisure vehicles

Pat Dieselman honored with Women's Sailing Award
The honor recognizes an individual with a record of achievement in inspiring, educating, and enriching the lives of women through sailing. The award was presented by NWSA President Debbie Huntsman.

Offshore Marine named an official sponsor of 2019 USVI Charter Yacht Show
Organizers of the USVI Charter Yacht Show, set for November 11 to 14, at IGY's Yacht Haven Grande, are pleased to announce that Offshore Marine has been named the Show's official supplier of Outboard Engines and Inflatable Dinghies.

ACR Electronics launches ultra-bright LED Searchlights
The new ACR Electronics RCL-85 and RCL-95 ultra-bright remote-controlled LED searchlights have been launched to offer a range of boaters an affordable and reliable solution to enhance visibility in all conditions.

ACR Electronics expands man overboard technology product range
The addition of the low-cost ACR OLAS platform to its portfolio ensures that ACR Electronics is the only company to provide a comprehensive range of man overboard (MOB) technology to customers.

Mercury Marine expands diecast capabilities with new $9M expansion
The addition will be filled with large tonnage die casting equipment containing cutting edge technologies that will drive higher quality and better throughput to keep up with increased engine demand especially with the V8 and V6 product lines.

Fair Enough... So We Did!
Just not sure how much time will be spent at anything other than 11, however. For that is exactly where you'll want to drive this boat, at just about any time you can. We flew the SEAir 5.5m on the flat waters of the Coomera River...

Caframo Debuts All-Encompassing SEEKR Brand
The SEEKR by Caframo brand includes a new logo and tagline, Driven by Discovery. With a stylized compass rose, the inspired combination conveys a youthful and energetic sense of exploration.

Come fly with me!
Foiling continues to captivate both the sailing and powerboat worlds. Here is SEAir's great little 5.5m Flying Tender, which we got to have a blast on, straight after the Sanctuary Cove International Boat Show.

Nanni = Power
At the recent Sanctuary Cove International Boat Show, and it was good to learn from Django Fontaine about the French manufacturer, Nanni, and it's extensive product range.

Remembering Lowell North
Lowell North, founder of North Sails, has passed away. Nicknamed "The Pope" by his peers, Lowell began his sailmaking career at the age of 14 when his father purchased a Star with cotton sails.

Record results & employment confirm Princess Yachts' position as the UK's leading luxury yacht brand
Princess Yachts Ltd has today announced record financial results, plus new records for yacht sales and employment at its Plymouth headquarters. The results make 2018 the British manufacturer's most successful year in its 54 year history.

Raymarine Axiom now fully supports Oceanic's volumetric fuel senders
Raymarine's latest LightHouse software upgrade release now fully supports Oceanic Systems' Fuel Sender Volumetric output and tank shape calibration!

Registration opens for IBEX 2019
North America's largest trade event for recreational marine industry professionals, IBEX is owned and produced by the National Marine Manufacturers Association (NMMA) and RAI Amsterdam.

Introducing the SeaBis Master System
The SeaBis Master System designed over 10 years and 223 vessel tests has created an effective way of combating stray current (electrolysis).

Melges IC37 powered by Yanmar is poised to set new standard for one designs
Demand for the Corinthian-friendly racer fitted with YANMAR 3YM20 and saildrive exceeds expectations ahead of debut regatta at the prestigious New York Yacht Club in June.

Twin Disc announces expansion in Wisconsin
Twin Disc, Inc. (NASDAQ: TWIN), a global leader in power transmission technology for marine and land-based applications, is near completion of an expansion project in Wisconsin.

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