Intercoastal Inc., builders of Apex Inflatable Boats, filed for Chapter 7 bankruptcy protection in U.S. Bankruptcy Court in Maryland. Additionally, two of the principals of the company - Georges and Roger Dherlin - filed for Chapter 7 bankruptcy as well.
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The Westlawn Institute of Marine Technology named the winners of the 2009 Westlawn/PassageMaker design competition, sponsored by Imtra Marine Lighting with matching funds from ABYC.
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KCS International Inc., the parent company of Cruisers Yachts and Rampage Sport Fishing Yachts, hired back 100 of its employees to work on new orders for both brands and to help complete the 2011 prototype of the 470 Cruisers Yachts Sports Coupe.
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Funds that used to go to Grow Boating are being used to help dealers sell boats in the down market, Thom Dammrich, president of the National Marine Manufacturers Association and Grow Boating Inc., told Soundings Trade Only this morning.
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Boating industry publisher Duncan McIntosh Co. bought media trade magazine Editor & Publisher from the Nielsen Co. and immediately resumed online operations.
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Gulf Coast Capital Partners announced that one of its affiliates has extended a credit facility to Global Marine Boats in order to pursue single-asset and portfolio opportunities in the recreational marine industry.
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Funds that used to go to Grow Boating are being used to help dealers sell boats in the down market, Thom Dammrich, president of the National Marine Manufacturers Association and Grow Boating Inc., told Soundings Trade Only this morning.
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Gulf Coast Capital Partners announced that one of its affiliates has extended a credit facility to Global Marine Boats in order to pursue single-asset and portfolio opportunities in the recreational marine industry.
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Defender Industries announced an increase in sales of 29.3 percent in fourth quarter and a gain of 10.2 percent for the year ending Dec. 31, 2009, the company announced.
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Louis Schweitzer was named chairman of Volvo's board of directors for the period until the next annual general meeting, replacing Finn Johnsson who has informed the board of his intention to resign as chairman.
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Boating industry publisher Duncan McIntosh Co. bought media trade magazine Editor & Publisher from the Nielsen Co. and immediately resumed online operations.
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The Westlawn Institute of Marine Technology named the winners of the 2009 Westlawn/PassageMaker design competition, sponsored by Imtra Marine Lighting with matching funds from ABYC.
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Four competition towboats, from three manufacturers, were approved to pull athletes in American Water Ski Association-sanctioned competitions in 2010.
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West Marine today reported an increase in net revenues for the fourth quarter, which ended Jan. 2, when adjusted to account for an extra week in the fiscal quarter.
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