All articles by Tony Esposito – Page 55
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NewsFort Myers Boat Show delayed, storm brewing
The opening of the 48th Fort Myers Boat Show (FMBS), a four-day event scheduled to open tomorrow, has been pushed back to Friday 13 November, proportedly due to weather. Tropical storm Eta is reforming into a hurricane in the Gulf of Mexico off Florida’s West coast. And ...
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NewsAzimut and Brunswick report success at FLIBS
Both Azimut Yachts and Brunswick Corp have reported positive results from the scaled-down Fort Lauderdale International Boat Show (FLIBS) last week.
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NewsTaiwan adds automatic ID requirement for yachts over 12m
Taiwan’s Ministry of Transportation and Communications will begin this week enforcing amendments to its Regulations Governing the Management of Yachts aimed at improving overall safety of the growing yacht fleet plying the waters of the China Sea. Chief among the changes is a requirement that yacht rental firms and commercial ...
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NewsWhat can boating expect from the new US President, Congress?
With the new year, the US will see a new President and a new Congress, but not much else is expected to change for the recreational boating industry – on a legislative front. “We expect, from what we’ve already heard from President-elect Biden, there will definitely be an emphasis on ...
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NewsScott Bauer named to head Parker Boats
Correct Craft looked inside its organisation for the new president of Parker Boats, Scott Bauer.
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NewsSailfish Boats expands dealer network
Sailfish Boats has added nine US and Canadian dealers in the 60 days since Rob Parmentier took over the role of president and CEO back in August.t.
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NewsSuzuki Marine has credible first-half year
While total corporate results showed sigfnificant weakness, Suzuki’s Marine division produced first-half results virtually level with 2019…
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NewsUSVI Charter Yacht Show to go ahead as planned
The US Virgin Islands (USVI) Charter Yacht Show will be held as scheduled from 12-15 November in both live and internet environments to accommodate those on restricted travel and encourage travel to the islands.
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NewsMiami Beach voters sink marina redevelopment plan
Voters in Miami Beach have rejected the US$55m sale of air rights over the city-owned marina, effectively killing a multimillion-dollar redevelopment deal. Developer David Martin planned a 385ft luxury residential tower and rehab to the Miami Beach Marina including a US$22.5m 45,000sq ft marina facilities building, US$40m in capital improvements ...
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NewsFLIBS lessons learned from a proof of concept laboratory
The Fort Lauderdale International Boat Show (FLIBS), which closed its five-day run on Sunday, was not only a success by every outward measure – most notably, exhibitor sales – but can serve as a model for other industries, public events and governments as we navigate a world that sees no ...
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NewsFt Lauderdale 2020: is less more?
The 61st edition of the Fort Lauderdale International Boat Shows (FLIBS) was different in many ways from years past, but at least one industry veteran called it a tribute “to the fortitude of boaters.” Chuck Cashman, chief revenue officer for MarineMax, told IBI on Monday: “Trying to establish rapport with ...
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NewsBrunswick ramping up production to meet off-season demand
Brunswick Corporation’s impressive double-digit growth during third-quarter landed CEO David Foulkes an appearance on financial network CNBC’s ‘Mad Money’ to close last week, where he told host Jim Kramer the boat and motor manufacturer is tolling up production at all of its plants.
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NewsMiami cancellation surprises few, relieves many, disappoints an industry and begs new questions
The decision by the National Marine Manufacturer’s Association (NMMA) to cancel nine of its first-quarter boats shows, including the cornerstone and iconic Miami International Boat Show (MIBS), was met with a mixed reaction from the recreational boating industry. But one universal sentiment was expressed by Correct Craft president and CEO ...
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NewsRV, marine drive Patrick Industries' strong Q3 growth
OEM component manufacturer Patrick Industries showed strong third-quarter growth that belies an otherwise off year due to Covid-related shutdowns of its facilities and the many industries it serves.
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NewsFLIBS opens to smaller crowds
The first day of the 61st annual Fort Lauderdale International Boat Show (FLIBS), unsurprisingly, saw smaller crowds, which were welcomed with a mandatory mask policy and other safety measures that included a limited crowd capacity at the show aimed at holding a large international event in the midst of a ...
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NewsSt Kitts marketing as safe destination to lure yachters
The Federation of St Kitts and Nevis is being marketed as a safe destination to lure yacht traffic as a first step toward rebuilding its struggling tourism industry. “We need to understand that rebuilding the tourism market is going to take integrity of the brand and it is also going ...
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NewsSurprise Q3 results for Marine Products Corporation
Marine Products Corporation, makers of Chaparral, Robolo and Vortex boats, surprised Wall Street with its third quarter results that saw a nearly 10.5% reduction in unit sales and a 4.8% drop in sales revenue reported at US$68.7m.
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NewsCroatian nautical sector seeks government financial support
A 50% drop in yacht arrivals and a 65% revenue loss from the reduced traffic has Croatia’s growing marina and nautical sector stalled and seeking some additional job support funding, according to the Croatian Chamber of Commerce (HGK).
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NewsCummins’ North American sales decline, international sales stable
Cummins Inc closed its third quarter with revenues down 11% to US$5.1bn from last year, led by an 18% drop in North American sales while international revenues were flat.
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NewsCaterpillar crawls through rough third quarter
Caterpillar Inc has announced third-quarter earnings that are down across the board, led by lower end-user demand. The Deerfield, Illinois-based Cat reports sales and revenue of US$9.9bn, a 23% decline from Q3 2019. Profit per share was down 54% at US$1.22, while operating profit margin dropped nearly 6 points to ...
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