Brunswick Corporation Completes Acquisition of Navico
On October 4, 2021, Brunswick Corporation (NYSE: BC) announced that it has completed its acquisition of Navico, a global leader in marine electronics and sensors for $1.05 billion.
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Long-term ocean freight rates now up over 90% year-on-year
As I write this, there are 147 container ships anchored outside of the Port of Los Angeles waiting to dock and unload. It seems that the freight yard is full beyond capacity due to labour shortages throughout the global supply chain, especially for truck drivers who are needed to move the freight out and deliver it in the U.S.
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Volvo Penta’s Leadership in Marine Innovation Showcased at IBEX 2021
Volvo Penta’s commitment to innovation was on full display at the 2021 International Boatbuilders’ Exhibition & Conference (IBEX), as evidenced by multiple awards and participation in the Soundings Trade Only Leadership Summit expert panel.
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Ritchie Navigation continues record growth
Ritchie Navigation, the world’s largest manufacturer of magnetic compasses, continues on its path of record sales. The 161-year old Pembroke, Massachusetts-based company reports 30% growth year over year, with some months setting all-time sales records. Adding a sixth work day and night shifts has helped Ritchie’s order fulfillment match demand.
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New $75-million Port Credit marina project is moving forward
According to digital news outlet www.insuaga.com, a new, full-service and modern Port Credit marina that will bring huge economic benefits to Mississauga is now one step closer to becoming a reality.
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Howe Sound now a UNESCO Biosphere Region
Last week, the Georgia Strait Alliance shared the wonderful news that Átl’ka7tsem, also known as Howe Sound, is now a UNESCO Biosphere Region. It is the third UNESCO Biosphere Region in British Columbia – and the first on B.C.’s Mainland.
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Honda Marine redesigns Honda BF115 and BF150 outboards – BF225 and BF250 Intelligent Shift and Throttle (iST®) models added to Canadian lineup
Updated features and benefits offer next level of product excellence by integrating innovative Honda cross-platform technology into high-demand marine products
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Garmin named the Manufacturer of the Year by NMEA and recognized as a Most Innovative Marine Company in Soundings Trade Only awards
Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), has announced that it was named Manufacturer of the Year for the seventh consecutive year by members of the National Marine Electronics Association (NMEA) at its annual business meeting and awards banquet held Sept. 23 in Orlando, Fla.
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Furuno takes 7 Wins including Coveted Technology Award at the 2021 NMEA Awards
Furuno dominated the awards at the 2021 NMEA Conference by winning 7 NMEA Product of Excellence Awards, continuing their long-running streak of taking home more accolades than any other manufacturer!
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“Tax the rich” won’t go away any time soon
The September 20th federal election is said to have cost taxpayers $600,000,000 and the result is only the smallest of changes in seats in ridings with the Liberals again leading a minority government. To get anything done the Liberals will need support from members of other parties and an alignment with the NDP seems like their best bet, most of the time.
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Vision Marine Technologies to showcase E-Motion fully electric 180hp outboard motor at IBEX 2021
Vision Marine Technologies, Inc. a global leader in the electric recreational boating industry serving both Original Equipment Manufacturers (“OEMs”) and consumers, announced that it will showcase its E-Motion™ electric outboard motor at IBEX 2021, taking place September 28 to September 30in Tampa, Florida.
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Two Recreational Boating Industry Leaders Inducted into NMMA’s Hall of Fame
The NMMA has announced the induction of two industry pioneers into the NMMA Hall of Fame, its most prestigious honor. Joan Maxwell, President and Co-Founder of Regulator Marine, and Bill Watters, President of Syntec Industries, will be presented with the 2021 NMMA Hall of Fame Award during the International BoatBuilders’ Exhibition & Conference (IBEX).
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Sharrow Marine launches OEM Sharrow Propeller™ Boat Builder Program
Sharrow Marine has announced plans to roll out an exclusive OEM Sharrow Propeller™ Boatbuilder Program using their award-winning Sharrow Propellers™.
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Navigare Yachting expanding to USVI
One of the leading companies in the Yacht Charter industry worldwide is expanding, by opening a base in United States Virgin Islands.
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Navico Partners with E1 Series, World’s First Electric Powerboat Championship
Navico has announced a partnership with the E1 Series, world’s first electric powerboating championship, scheduled to kick off in early 2023 with up to 12 teams set to race on a tight, technical course reaching speeds up to 50 knots (58mph; 93km/h).
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Fund-raising success at the 21st annual MacDonald Turkey Point Marina London Children’s Hospital Health Foundation Bass Tournament
Huge thank you from the Thomson and Macdonald Turkey Point Marina families. Sunday September 19 was the 21st annual MacDonald Turkey Point Marina London Children’s Hospital Health Foundation Bass Tournament.
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Brunswick Corporation’s Advanced Systems Group Acquires SemahTronix
Brunswick Corporation (NYSE: BC) announced that it has acquired SemahTronix, a global supplier of high-complexity electrical wiring harnesses for advanced products in the marine, mobile, and defense industries.
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Boston Whaler homecoming event celebrates 50 years of Outrage innovation
Boston Whaler hosted a special homecoming event in Quincy, Mass., on September 10 to celebrate the launch of its new 420 Outrage Anniversary Edition and commemorate the 50-year anniversary of the original Outrage’s debut.
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Big changes on the horizon
No – I’m not talking about yesterday’s elections that as I write this, is actually tomorrow.
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RiteAire Marine™ centralized dehumidifier system for boats from 40 feet to megayachts earns second U.S. patent
RiteAire Marine™ is proud to announce that the RiteAire Marine Centralized Dehumidifier indoor air-quality solution for boats was awarded its second United States Patent, U.S. Patent No. 11,091,244, by the U.S. Patent and Trademark Office on August 17, 2021. RiteAire Marine earned its first patent for the system, U.S. Pat. No. 10,538,302, January 21,2020.
