Last Update: 6/17/2008
Boston Whaler furloughs 250 employees; Brunswick to suspend production of most fiberglass boat brands
Wachovia Capital Markets predicts18 months to two years before the marine industry sees significant turnaround
Sales of 14’-30’ fiberglass boats down 23.5 percent for April
Cabo lays off 49 workers; Fountain reports 13.7 per cent decline in sales for third fiscal quarter ended March 31, 2008; The Rodriguez Group reports sales for first half of year ended March 31, 2008 dropped by 11.9 per cent
MarineMax reports second fiscal quarter same-store sales declined by 28 per cent
New fiberglass boat registrations down 28 percent in March
Brunswick Corp reports a 3 per cent decline in sales compared to the same period a year ago; net income declined 71 per cent
The Landing School in Arundel, Maine to launch Associate’s degree program in Marine Systems Technology
R.I. senator secures federal funding for working waterfront
New York National Boat Show moving back almost two weeks to Dec. 13-21
Brunswick Corp signs a letter of intent to sell Baja boat company to Washington, NC-based Fountain Powerboat; Baja to close factory in Ohio
Wholesale shipments of outboard, sterndrive and inboard powerboats declined 13 percent in 2007
US fiberglass new-boat sales (14’-30’) fell 16 percent in the fourth quarter; down 8.9 percent for all of 2007; 30’+ down 6 percent for the year
North American sailboat production down 5 per cent (787 boats) in 2007 to 14,158 units, compared to 14,945 units in 2006.
Sea Ray to close down Merritt Island, FL facility; 350 jobs eliminated
Miami Boat Show attendance down 7 per cent
US boat registrations fell by 1.5 per cent in 2006; Florida retains top ranking. California ranked second, Minnesota third. Other top ten states for powerboat registrations in 2006 include: Michigan (828,529); Wisconsin (635,751); Texas (596,934); New York (497,974); South Carolina (436,075); Ohio (412,256); and Illinois (383,615).
For the first time in history, the European boat market exceeded North American boat market in 2007 in terms of dollar value
Brunswick to close Hatteras plant in Swansboro, NC; 200 employees out of work
Genmar to close Sarasota, FL facilities; moving production of Hydra-Sports, Wellcraft and SeaSwirl to other Genmar facilities; Plant closure will impact 225 workers.
Bertram Yacht has appointed Mike Myers as its new President/COO. Myers brings an Industrial Engineering degree from Penn State, senior leadership background with GE and was former President of Boston Whaler
EdgeWater Boats decides against relocation to NC; will remain in FL
NPR report: Boating Industry Slump Could Signal Recession: http://www.npr.org/templates/story/story.php?storyId=17620887
2007 FLIBS attendance down 7 per cent
2007 IBEX attendance was 4570; compared to 4509 in 2006
2006 US boat registrations surpassed 13 million for the first time since 2001
‘Aquaholic’ is most popular boat name
Azimut-Benetti is world leader in mega-yacht production (80’+); Ferretti Group ranks second, Sunseeker third
Forbes.com ranks NC the 3rd best state in the US for business, 4th for workforce training programs
346 dealerships have enrolled in the Marine Industry Dealership Certification program; 100 have completed certification
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