Oil prices have most boatbuilders scrambling

Article Abstract:

Boat builders are trying their best to refrain from raising their prices in view of increasing oil prices which has caused higher material costs. Material costs have increased due to the increases in the prices of petroleum-based products such as resin, fiberglass, laminates, styrene, carpets and upholstery. Resin and fiberglass costs have risen by 15% to 16%. Boat manufacturers are trying to hold down costs by using new technologies and signing long-term agreements with their suppliers.

Financial management

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Inventories going down, but no one is panicking: boatbuilders have had to scarmble to meet demand after two quarters of a solid marine market recovery

Article Abstract:

The recent improvement in the boat sales has resulted in decrease in the inventories of the boat and engine manufacturers. Many of the manufacturers have been able to keep pace with the demand but now they may have to move quickly for increasing the inventories.

Forecasts, trends, outlooks, Radio & TV communications equipment, Boat building and repairing, Hardware, not elsewhere classified, TRANSPORTATION EQUIPMENT, Forecasts and trends, Market trend/market analysis, Transportation equipment industry, Boating industry

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Money problems put Revenge out of boatbuilding

Article Abstract:

Creditors have forced Miami, FL-based Revenge Marine Inc to focus on its marketing and distribution operations and to withdraw from boat manufacturing. Revenge was forced by its creditors to change its corporate strategy due to the inadequacy of working capital. Revenge CEO William Robinson justified the change by saying that the marketing and distribution operations were more profitable.

Strategy & planning, Revenge Marine Inc.

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