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Gunboat International was sold at auction to GL Yachting USA and the sale is expected to close on Friday. Principals at Grand Large Yachting, which consists of French builders Allures Yachting, Garcia Yachting and Outremer Yachting, reserved comment prior to the closing. Documents filed in U.S...

Mercury Marine is adding a 53,000-square-foot manufacturing capacity expansion to its headquarters in Fond du Lac, Wis., to accommodate growing global demand. The expansion will consist of 45,000 square feet of manufacturing capacity and an additional 8,000 square feet of office space. Mercury...

Brunswick Corp. saw a softening in its aluminum boat segment, primarily due to continued economic and currency uncertainty in the United States, but did experience some gains in engine sales in Europe in the first quarter as the dollar weakened some. “Canada has been a little softer, and dealers...

Brunswick Corp. reported 9 percent first-quarter revenue growth and the company’s adjusted operating earnings increased by 13 percent from the 2015 quarter. Diluted earnings per share was 71 cents, a 12-cent increase from the previous year. “Our reported first-quarter revenues increased by 9...

The marine industry saw its lowest export year in 11 years in 2015 and saw imports grow for a fifth consecutive year. The strong U.S. dollar led to a spike in imports of recreational boats and marine engines in 2015. A 28 percent rise in value was driven by large inboard cruisers, sterndrive...

Retail sales of nearly all powerboat categories are growing on both an annual and quarterly basis, with the exception of sterndrive boats, and powerboat sales were up 6.8 percent in 2015, compared with the previous year. That’s according to the National Marine Manufacturers Association, which...

MarineMax said today that revenue grew 16 percent to $199.6 million during its fiscal second quarter from $172.1 million for the comparable quarter last year. Same-store sales grew more than 16 percent for the quarter that ended March 31 on top of 27 percent growth during the same period a year...

A marine supply store sticker and engine serial number helped authorities identify the boat of two Florida teens who went missing at sea last summer. The discovery of the single-engine vessel on which Perry Cohen and Austin Stephanos, both 14, got lost at sea during a burst of severe weather on...

A co-founder of Cabo Yachts, Mike Howarth, and his 27-year-old son, Barrett, have teamed with renowned designer Michael Peters to build a 55-mph, twin-stepped center console — the Mag Bay 33. Not only that, the Howarths are using 16 former Cabo employees to construct the $278,000 twin-outboard...

Resilient U.S. consumers, favorable spring weather and strong March boat sales trends point to a very solid marine industry in its peak selling season and could indicate a supply shortage in California and northern U.S. states. Barring “a major external shock,” U.S. consumers would remain much...

Buoyed by successful winter shows and good early spring weather, the recreational boating industry had its best March in eight years as sales soared 21.3 percent in the main segments and 19.9 percent industrywide. Statistical Surveys said today that 15,246 boats were sold in 28 states that...

MarineMax acquired Boston-based Russo Marine, New England’s largest privately held boat dealer. Now in its third generation, Russo Marine operates from four sales and service facilities serving Massachusetts and Rhode Island. “This is the next step in the evolution of a business,” Russo told...

SARASOTA, Fla. — Florida boat dealers and marine retailers reported a high level of foot traffic and robust business activity with qualified consumers at the 34th annual Suncoast Boat Show in Sarasota on Sunday. The three-day weekend event, which wrapped up under sunny skies and temperatures in...

A bill that would allow marinas in New York to sell E0 gasoline, or fuel with no ethanol blended in, was heard this week by the Assembly Environmental Conservation Committee.* No vote was taken, but documents supporting the bill argued that E0 should be made available because E10, fuel blended...

A Florida environmental group is recommending the state close up to 30 percent of its reef tract to fishing, a suggestion that angling advocates and industry members are protesting. The group, called Our Florida Reefs, met in Coconut Creek April 6-7 to discuss its recommendations, which include...

Anchor South Investments and its property management company Anchor South Management joined Dallas-based Suntex Marina Investors. The Anchor South companies are now wholly owned subsidiaries of Suntex. Anchor South will continue to be headquartered in Knoxville, Tenn., and headed by president...

U.S. outboard wholesale shipments were up 5 percent year-over-year on a rolling 12-month basis through March. This is based on the NMMA’s control group of manufacturers, which represents 95 percent of the market. Gains were led by 4-strokes and higher-powered engines, the NMMA reported. Total...

After a couple of weak months to start the year, U.S. brokerage sales picked up steam in March as 2,443 boats were sold, an increase of 10 percent from 2,215 last year. According to YachtWorld member brokerages reporting in SoldBoats, their proprietary database, significant gains were made in...

Shannon Boat Company launched a new line of powerboats designed for retirees, people with mobility challenges and people with disabilities. The Shannon Silver Concept features models from 36 to 58 feet designed with input from the disabled community. Shannon founder, president and designer Walt...

Johnson Outdoors acquired key assets of Northport Systems, specialists in the development and application of digital cartography technologies. Northport’s Toronto-based operations will be integrated into the company’s fishing business, which manufactures and markets the Minn Kota and Humminbird...