Last week in my Boating Industry Canada News Week Editor’s Message I asked, “What is your plan for managing Canada’s new Luxury Tax on boats?” Please take a few minutes to answer the short survey we have prepared. The link is at the end of this message.
Mustang Survival®, the North American brand known for innovative solutions for the most demanding marine environments, is excited to announce the acquisition of the Government & Commercial Marine business of Stearns®.
Despite the challenges of the Covid-19 pandemic, Greenline Yachts is closing 2021 with a record in yacht deliveries and earnings. The company has been generating revenues of approximately €30 million this year, the highest level recorded in the boat builder’s history.
Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC) and the world’s largest boat club, announced its 300th location within the Freedom network. The newest location represents Freedom’s 18th location in the Boston and Cape Cod market co-owned and operated by franchisees Matt Carrick and Matt O’Connor.
On December 8th, Swedish tech firm Candela — known for cracking the code for long-range electric crafts and topping electric boat sales — has announced it has raised €24M, led by EQT Ventures, with participation from existing investor Chris Anderson, the Curator of TED.
Three of Brunswick’s leading brands within its boat group portfolio – Bayliner, Boston Whaler and Sea Ray Boats – were all recognized internationally as winners of the 2021 Boat of the Year Awards by Moteur Boat Magazine, France’s leading nautical publication.
Nominations are now being accepted for the 2022 National Marine Manufacturers Association (NMMA) Canada Hall of Fame. Inductees in the NMMA Canada Hall of Fame include those who have, or those who continue to, generate substantial and lasting contributions toward the advancement of the marine industry.
Organizers of the Toronto International Boat Show (TIBS) have announced that the annual event, scheduled to be held in-person, has cancelled for 2022.
I believe that the impact of Canada’s new Luxury Tax on boats may have a general dampening effect on a far wider range of new boat buyers than just those buying above the $250,000 threshold because they will simply see that the government is targeting boat buyers for added taxes.
Sirius Signal, the leader in marine safety innovations, is pleased to announce that Transport Canada has approved the use of its flagship electronic visual distress signal device (eVDSD) as a nighttime distress signal for pleasure craft.
The board of directors of the Alliance de l’Industrie nautique du Québec – Nautisme Québec is proud to announce the appointment of Ms. Josée Côté as their new General Manager. “Josée’s dynamism will bring a breath of fresh air to Nautisme Québec.
Mercury Marine, a division of Brunswick Corporation (NYSE: BC) has announced that it will open a centralized, purpose-built, distribution center to support its industry leading parts and accessories business.
Mercury Marine®, a division of Brunswick Corporation (NYSE: BC), and EagleCraft Custom Boats in British Columbia have jointly announced the first installation of twin Mercury 7.6-liter V12 600hp Verado outboards on a boat by a Canadian manufacturer. At a customer’s request, the boat builder equipped its 38’ Cruiser model with the new outboards.
Boating Industry announced its 2021 Top 100 dealers during a black-tie gala in November on the final evening of the ELEVATE Summit in Atlanta, Georgia.
Brunswick Corporation (NYSE: BC) has announced the purchase of land in Reynosa, Mexico, adjacent to its current boat manufacturing facility, that will be used to expand its boat manufacturing capacity, adding 150,000 square feet to the current facility, and providing a total of 385,000 square feet of manufacturing footprint for its award-winning Bayliner, Trophy, Heyday, Sea Ray, and Lund brands.
Last week I returned from the Boating Ontario Conference more concerned than ever about the staffing challenges our industry faces.
Australia’s luxury motor yacht builder Riviera has been recognised as one of the country’s premier manufacturers after being named winner of the Manufacturing and Advanced Materials Award in the prestigious annual Australian Export and Investment Awards for 2021.
In 2020, Land ‘N’ Sea, a division of Mercury Marine and Brunswick Corporation (NYSE:BC) introduced its “Buy with Confidence” virtual program during the height of the COVID-19 pandemic, hosting its shows including the annual Kellogg/Land ‘N’ Sea show virtually and reporting a 40 percent increase in sales compared with their in-person shows in 2019.
Following the recent acquisition of the STARFISHER shipyard, Groupe Beneteau on December 2nd, announced the purchase of the RODMAN LUSITANIA shipyard, thus creating a Portuguese production center dedicated to powerboats under 40 feet.
On November 22, 2021, General Motors (NYSE: GM) announced it has acquired a 25 percent ownership stake in Pure Watercraft, a Seattle-based company that specializes in creating all-electric boating solutions.