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Message From The Editor
How engaged are you in the industry?
Canada's national and provincial marine trades associations are all very actively involved with our government’s legislation as it impacts the boating industry. Transport Canada through the Office of Boating Safety, gathers industry and public input in the course of their approval process.
Transport Canada is really much more engaged in the fisheries and commercial shipping industry. However, recreational boating falls under their mandate. Last week I spent several hours attending the Canadian Marine Advisory Council (CMAC) meetings held virtually across Canada. There were several matters up for debate that you might care about.
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Andy Adams, Editor
aadams@kerrwil.com
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Changing Scene
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A “Major Win” on the implementation of the Luxury Tax
NMMA Canada has announced that last week, the government posted a notice of the final legislation containing the luxury tax, with a major win for our industry: all deals signed before 2022 (by December 31, 2021) will now be exempt from the luxury tax, regardless of delivery date.
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Leadership changes at Groupe Beneteau
The Board of Directors of BENETEAU SA met on April 25 to prepare for the changes to the Group’s governance following the General Meeting on June 17, 2022. The terms of office for the positions of Chairman of the Board of Directors and Chief Executive Officer, which the Company combined in 2019 to entrust them to Jérôme de Metz...
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Changing Scene
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Torqeedo takes on hydrogen fuel cells for emission-free boating
Torqeedo has announced a collaboration with Proton Motor Fuel Cell GmbH to integrate hydrogen fuel cell charging into Torqeedo’s industry-leading propulsion systems for electric boats. The two Bavaria-based companies will work together on an innovative marine hydrogen hybrid building kit integrating Torqeedo’s existing Deep Blue battery-electric drive...
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Changing Scene
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MasterCraft Boat Company celebrates over 2 million safe hours worked
MasterCraft Boat Company, a subsidiary of MasterCraft Boat Holdings Inc. (NASDAQ: MCFT), has proudly completed a major milestone in workplace safety – over Two Million Safe Hours Worked Without a Lost Time Incident, which continues to accumulate. This achievement took over 450 calendar days, or well over 1 year, without an incident to attain.
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MarineMax reports record Fiscal 2022 Second Quarter Results
MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, has announced record results for its second quarter ended March 31, 2022.
~Record March Quarter Revenue Grows 17% to Over $610 Million~
~Same-Store Sales Growth of 7% on Top of 45% a Year Ago~
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Changing Scene
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Mercury Racing to sponsor Formula One powerboat racing series
Mercury Racing has entered a two-year sponsorship program with the Formula One Powerboat Championship series. The agreement is for the 2022 and 2023 racing seasons and names Mercury Racing the Official Maine Engine and Drive Sponsor. For the next two seasons a Mercury Racing 360 APX outboard will power the Formula One Race Ride Experience...
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Events
ICAST Pavilion connects marine accessory manufacturers with new business
The NMMA suggests joining the Marine Accessories Pavilion at ICAST 2022, July 19-22 in Orlando. Get back in front of buyers, dealers, and distributors that are seeking the newest and most innovative marine aftermarket accessories and components. Prime space remains available – act now.
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Education
IBEX 365 elevates exhibitor and visitor touchpoints with year-round opportunities
IBEX 365, which launched last spring, continues to connect buyers and suppliers by bringing the business normally conducted on-site to an online platform. A year-round industry resource, IBEX 365 features the newest products and services, company profiles, educational opportunities and important show information.
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Education
Brunswick Boat Group hosts Annual Gelcoat Repair Training Course
Sea Ray, Bayliner and Heyday recently came together in St. Augustine, Florida for a week-long, hands-on gelcoat repair training course. “Our instructional program is designed to train techs from our dealer partners so that they can be more efficient with their warranty service while ensuring that they deliver a high-quality repair,” said Tammie Chapman...
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Product Focus
Forget drying with a towel, there's a better solution
After washing a boat, it's important to dry it before unsightly water spots develop. Old towels and chamois cloths are a traditional method, but they're slow, require exhaustive wringing and tend to smear the finish. The fast and easy solution is the Flexible Water Blade from Shurhold.
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Harman selected by Cobalt Boats to provide Platinum Onboard Entertainment Solution
HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies and solutions for automotive, consumer, professional and enterprise markets, announced today its marine group has been selected by luxury boat manufacturer Cobalt Boats for a multi-year contract to fit all Cobalt boats...
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People
Changes to Volvo Penta Executive Management Group
Volvo Penta welcomes Lennart Börjesson as a new member of its Executive Management Group. As of 1 September, Lennart Börjesson will take up the position of Senior Vice President Planning, Purchasing & Product and Solution Development, replacing Peter Granqvist who will lead Volvo Group’s electromobility technology developments...
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People
ASA Electronics welcomes new Marketing Director Rachel West
ASA Electronics hires Rachel West as the Marketing Director for ASA Electronics after Monica Pletcher’s retirement. In this role, West will manage the marketing team and handle strategic planning, digital marketing, and brand management. She brings 12 years of combined education and experience in the RV industry.
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Calendar
Many Events have been canceled or postponed due to COVID-19.
Check the Event website for latest information.
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Daily Updates
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