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North Sails Performance 2023 - LEADERBOARD

This week's marine industry headlines - MarineBusinessWorld.com North America newsletter

05/06/2024


This week's marine industry headlines - MarineBusinessWorld.com North America newsletter

2024 fill-in (top)

J Composites J/45

Offshore Fishing Boat - photo © National Marine Manufacturers Association


Dear Recipient Name

The Biden administration issued a press release announcing the Federal Register Notice (FRN) on the proposed modifications to the Section 301 tariffs on imports from China and limited exclusion process for certain machinery - which the administration disclosed this month.

The comment period opened on May 29 and will close on June 28 - the National Marine Manufacturers Association (NMMA) intends to submit comments.

As NOAA's vessel speed rule is considered by the Office of Management and Budget, the recreational boating industry continues to advocate for the withdrawal of the rule in favor of the advanced marine technologies available today. The rule, which would require small recreational boats to travel at speeds of 10 knots along much of the Atlantic coast for up to seven months of the year, is ill-conceived, dangerous to boaters, economically disastrous, and ineffective at achieving its goal of protecting the North Atlantic right whale.

Fishing for answers - Congressman Bruce Westerman - photo © American Sportfishing Association
Fishing for answers - Congressman Bruce Westerman - photo © American Sportfishing Association

Rep. Bruce Westerman (R-AR) and the American Sportfishing Association's VP of Government Affairs, Mike Leonard, touch on a few of the most pressing topics facing the sport today, including youth participation, proposed bans on traditional tackle, and the $148 billion economic contribution sportfishing provides for communities across the country.

A+T Instruments BFD 2024 MPU   Maritimo 2023 S-Series MPU

Nominations are now being accepted for the 2024 NMMA Hall of Fame Award. NMMA Hall of Fame inductees are industry icons — visionaries whose outstanding contributions have and continue to advance, guide, and transform the industry. To nominate a worthy marine leader, one must be an active member in good standing with the NMMA.

BoatUS hurricane preparation information for boaters includes helpful diagrams on how to best protect a boat stored in water, such as here when a slip is not available - photo © BoatUS
BoatUS hurricane preparation information for boaters includes helpful diagrams on how to best protect a boat stored in water, such as here when a slip is not available - photo © BoatUS

Colorado State University's Tropical Weather and Climate researchers, long known for their annual hurricane forecasts, are calling for the 2024 Atlantic hurricane season to be "extremely active". Above-average warm waters in the eastern and central Atlantic - fuel for a hurricane - as well as expected La Niña conditions later this summer/fall, which decrease vertical wind shear, contribute to the potential for increased storm formation this season.

BRP Inc (TSX:DOO; NASDAQ:DOOO) today reported its financial results for the three-month period ended April 30. The complete financial results are available on SEDAR+ and EDGAR as well as in the section Quarterly Reports of BRP's website.

Marskeel 2019 600x500   Selden ART

Suntex Marina Investors LLC, the largest standalone recreational marina owner in the U.S. by marina count and boat slips, announced today that it has completed the process of joining forces with Almar Marinas through the acquisition of four marinas located in Oakland that had been pending.

XR 41 renders - photo © X-Yachts
XR 41 renders - photo © X-Yachts

The XR 41 marks X-Yachts' return to out-and-out race yachts, and has been designed in close cooperation with leading design teams. The boat is optimized for ORC racing and built with the finest material and most advanced technology available. X-Yachts have partnered up with some of racing world's most experienced designers and racers, to bring a concept, based on 45 years of heritage and X-Yachts racing history, to life.

Zhik strengthen regional sales team in response to growth - photo © Zhik
Zhik strengthen regional sales team in response to growth - photo © Zhik

Zhik, leader in technical water apparel, has strengthened its regional sales team with the appointment of Johannes Polgar as European Sales Manager, Josh Toso as North American Sales & Growth Marketeer and Tristan Walker-Hutt as UK & Ireland Sales and Product Manager. Zhik CEO Mat Belcher said, "We have seen unprecedented growth globally over the last few years, and I am confident that Johannes, Josh and Tristan are best placed to support our dealers and distributors across the regions, as we continue to push this trajectory."

More Marine Industry news at www.marinebusinessworld.com covering North American-based news from the largest boating news network, updated daily.

Stay diligent,
Peter Rendle - peter.rendle@worldmarine.media

Cyclops 2024 February MPU   Marine Auctions 2019 600x500


Groupe Beneteau publishes its 2023 Essentials: Looking back on a remarkable year
Celebrating its 140th anniversary this year, Groupe Beneteau unveils its business report for 2023. It's an opportunity for the world leader in yachting to look back on a remarkable year, and to take stock of its environmental and societal commitments.

TopSide Marinas expands portfolio with acquisition of Bay Marine
TopSide Marinas, a family-owned company that acquires and operates high-quality marinas around the country, recently announced the acquisition of two marinas on the scenic shores of Lake Michigan.

NMMA Hall of Fame Award nominations deadline June 27
Nominations are now being accepted for the 2024 NMMA Hall of Fame Award. NMMA Hall of Fame inductees are industry icons — visionaries whose outstanding contributions have and continue to advance, guide, and transform the industry.

North Sails Performance 2023 - MPU   RS Sailing 2021 - MPU
Palm Beach Motor Yachts announced as official Motor Yacht partner for 52 Super Series Regattas
We are thrilled to share that Palm Beach Motor Yachts will be the official Motor Yacht Partner for the 2024 52 Super Series.

XR 41 Revealed!
The XR 41 marks X-Yachts return to out-and-out race yachts, and has been designed in close cooperation with leading design teams. The boat is optimized for ORC racing and built with the finest material and most advanced technology available.

Mercury Marine launches the Avator™ 75e and 110e Outboards
Following successful previews earlier this year at the CES in Las Vegas and the Discover Boating Miami International Boat Show, Mercury Marine, a division of Brunswick Corporation, today officially launched the Avator™ 75e and 110e electric outboards.

Allen Dynamic 60 MPU   J Composites J/99
Congressman Bruce Westerman joins ASA for Conversation on Fisheries Policy
Rep. Bruce Westerman (R-AR) and ASA's VP of Government Affairs, Mike Leonard, touch on a few of the most pressing topics facing the sport today

Suntex Marinas completes merger with Almar Marinas
Suntex Marina Investors, LLC (Suntex), announced today that it has completed the process of joining forces with Almar Marinas through the acquisition of four marinas located in Oakland that had been pending.

Biden Administration announces new section 301 tariff increases on imports from China
The Biden administration issued a press release announcing the FRN on the proposed modifications to the Section 301 tariffs on imports from China and limited exclusion process for certain machinery – which the administration disclosed this month.

Barz Optics 2023 MBW 1   2024 fill-in (side)
Energy Observer 2: Chart Industries joins the project to propel liquid hydrogen
Energy Observer announces major advancements in the development of its pioneering and ambitious project, Energy Observer 2, with the arrival of a new industrial partner, Chart Industries.

Charter boat captains, boating industry experts speak out against NOAA Vessel Speed Rule
As NOAA's vessel speed rule is considered by the Office of Management and Budget, the recreational boating industry continues to advocate for the withdrawal of the rule in favor of the advanced marine technologies available today.

Second Catch for stakeholders
Women who fish have significantly greater grit, confidence and self-esteem than women who don't. But research tells us girls stop fishing at a 10% higher rate than boys, and often feel excluded from fishing and boating trips.

Projects to address AIS receive funding through Rapid Response Fund
Earlier this month, the U.S. Fish and Wildlife Service (USFWS) announced four projects that will receive $785,000 to address the early detection and rapid response for aquatic invasive species (AIS) – a top priority for the recreational boating industry.

BRP reports its fiscal year 2025 first quarter results
BRP Inc. today reported its financial results for the three-month period ended April 30, 2024. All financial information is in Canadian dollars unless otherwise noted.

Biden administration awards over $21 million for boating infrastructure
Last month, the U.S. Fish and Wildlife Service (USFWS) announced the agency's Boating Infrastructure Grant (BIG) program will provide more than $21 million in grant funding for 21 states to construct, renovate, and maintain marinas

BoatUS helps boaters prepare: ‘Extremely active' 2024 hurricane season expected
Colorado State University's (CSU) Tropical Weather and Climate researchers, long known for their annual hurricane forecasts, are calling for the 2024 Atlantic hurricane season to be "extremely active".

Zhik strengthen regional sales team in response to growth
Zhik has strengthened its regional sales team with the appointment of Johannes Polgar as European Sales Manager, Josh Toso as North American Sales & Growth Marketeer and Tristan Walker-Hutt as UK & Ireland Sales and Product Manager.

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