Nov 5, 2024 My feeling is that the activity level in the marine industry has been running at a frantic pace for a few months now and there have been many significant stories both internationally and especially for our Canadian audience. So, in this edition of Boating Industry Canada, we have selected a group of…
Nov 5, 2024 On Friday, October 11th, 2024, Brad Thomson, General Manager of MacDonald Turkey Point Marina presented a cheque for $22,600 to Jennifer Baxter of the London Children’s Health Foundation. Also on hand for the cheque presentation alongside Brad, was Haldimand-Norfolk MPP, Bobbi Anne Brady, Dan Demeester, Julie Thomson, Norfolk County Mayor, Amy Martin, and Norfolk County Councillor, Chris VanPaassen. Our 2024…
Nov 5, 2024 Freedom Boat Club, the world’s first and largest boat club operator, has been recognized as one of the Top Global Franchises for 2024 by Entrepreneur Magazine. This ranking recognizes the leading brands expanding their footprint in international markets through franchising. Among the 200 companies highlighted, Freedom Boat Club placed in the top 50 percent, reflecting…
Oct 29, 2024 On October 24, Brunswick Corporation reported its Q3 financial results for 2024. The companys consolidated net sales for the third quarter reached $1.27 billion, reflecting a 20.1% decrease compared to the same period in 2023. More concerningly, the company’s adjusted operating earnings stood at $125.9 million down 45.3%. Adjusted operating margins for…
Oct 29, 2024 You may not think you need to assign someone to be your archivist, but I suggest it’s a good idea. Life is full of unexpected surprises and as an editor, you would be surprised at how many highly placed people have never invested in getting themselves a professional portrait. What if you…
Oct 29, 2024 During its Board meetings at the 2024 International BoatBuilders’ Exhibition and Conference (IBEX) earlier this month, NMMA held biennial elections for its three manufacturing Divisional Boards: the Boat Manufacturers Division (BMD), Engine Manufacturers Division (EMD) and Marine Accessory and Components Division (MACD). These elections form each Divisional Board, as well as appoint individuals to…
Oct 29, 2024 On October 22, 2024, Garmin Ltd. Announced that it has acquired Lumishore, a privately-held company that designs and manufactures high-performance above and underwater LED lighting systems for boats. “Lumishore brings an exciting new product category that complements Garmin’s existing marine portfolio and furthers our ability to provide seamless vessel integration. As a…
Oct 29, 2024 On October 23, 2024, Aquila Power Catamarans announced the appointment of Alain Raas as its Global Brand Director to build on Aquila’s position as a leader in the power catamaran industry. Alain is a lifelong boater in both the power and sail categories. In addition to competing in various parts of the world, he…
Oct 22, 2024 I’m sure you are finding that it’s a busy fall in the boat business this year. I am certainly busy, but it’s a ‘good’ busy. I started off attending the NMEA Conference and Expo for my first time on September 16. I discovered that it’s a great event for anyone in the…
Oct 22, 2024 Volvo Penta’s new Joystick Surfing solution for wake boating redefines the capabilities of revolutionary Joystick Driving technology, with enhanced functionality designed to create the ideal surfing experience. This user-friendly innovation now integrates with the Watersports Control display in wake boats equipped with Volvo Penta’s Twin Forward Drive. Volvo Penta is redefining the capabilities of joystick technology with the introduction of…
Oct 22, 2024 At the 2024 Fort Lauderdale International Boat Show, NAVAN™, a brand under Brunswick Corporation (NYSE: BC), will officially enter the North American market. The NAVAN C30 and S30 models will be showcased in Ft. Lauderdale, highlighting their blend of advanced technology with superior performance, versatility, and comfort. These models have previously launched in Europe…
Oct 22, 2024 A few months after the announcement of the acquisition of REVERE Survival in Jacksonville, we are pleased to announce another significant expansion: the establishment of LALIZAS Canada. This new branch will enhance the company’s presence in the Americas. LALIZAS is a family owned company, whose vision is to produce high quality products that ensure safety at sea,…
Oct 22, 2024 In the third quarter of 2024 – the first quarter of the new short financial year – the HanseYachts Group improved its results again after a good financial year 2023/2024. Despite a 12 per cent year-on-year decline in preliminary quarterly revenue to EUR 42.4 million, preliminary earnings before interest, taxes, depreciation and amortisation (EBITDA)…
Oct 22, 2024 On October 17th, BRP Inc. announced that it is initiating a process for the sale of its Marine businesses namely Alumacraft, Manitou, Telwater (Quintrex, Stacer, Savage and Yellowfin), and Marine parts, accessories and apparel. This process excludes all activities related to its Sea-Doo personal watercraft, Sea-Doo Switch pontoons and jet propulsion systems. In…
Oct 15, 2024 Triage begins… While most Canadians are thinking of family and friends around the Thanksgiving table, for those who operate marinas and storage facilities, who are technicians of all types, or who have repair shops, this is the week when triage begins. Customers boats will be all over the place, dropped off for…
Oct 15, 2024 At the Industry Breakfast that opened the 2024 IBEX Show on October 1st, 2024 the NMMA announced the induction of two industry veterans into the NMMA Hall of Fame, its most prestigious honor. Steve Potts, founder and CEO of Scout Boats and Mark Schwabero, retired Chairman and CEO of Brunswick Corporation, were presented…
Boating safety changes as temperatures cool. (CREDIT: Alyssia Greiner) Oct 15, 2024 3 tips for safely enjoying the water in the off season from BoatUS Foundation Say a final goodbye to the summer 2024 boating season as we celebrate Canadian Thanksgiving and the common close of the season. With the change of season, ushered in…
Oct 15, 2024 Brunswick Corporation, the world’s largest recreational marine technology company, was recently named to TIME’s 2024 list of the World’s Best Companies that identifies the top-performing organizations across the globe based on a number of key metrics including employee satisfaction, and revenue growth. “We are honored to be recognized by TIME Magazine for this award, which reflects our exceptional talent…
Oct 15, 2024 Palm Bay, Florida, September 20, 2024 – BRP Inc. (TSX : DOO; NASDAQ : DOOO), a global leader in powersports and marine products, is proud to announce the official inauguration of its Design & Innovation Center in Palm Bay, Florida, as part of its on-going expansion in the region. This cutting-edge Center, dedicated to advanced concepts and designs for…
Oct 15, 2024 Nominations are now being accepted for the 2025 NMMA Canada Hall of Fame. Inductees include those who have or continue to, generate substantial and lasting contributions toward advancing the marine industry. The deadline for nominations is Dec. 5, 2024. The 2025 NMMA Canada Hall of Fame inductee will be announced during the Toronto International Boat Show…