Marine supplier Ameritex, which recently went bankrupt and was sold to Taylor Made Group, is now facing foreclosure on its manufacturing facility. The Missouri-based First Bank is suing Ameritex because it defaulted on $6.8 million in mortgages. First Bank filed the suit only a week after Taylor Made Group bought Ameritex; Taylor Made is being [...]

A proposed coastal marina permit regulation being developed by the State Water Resources Control Board mandates periodic analysis of water and bottom sediment for coastal marinas with more than 10 slips. The permit regulation is primarily designed to target copper in marine sediment. Under the proposed regulation, all unidentified objects that float into a marina [...]

The Industrial Fabrics Association International announced winners of its 2009 International Achievement Awards. In the Marine category: Marine Powerboat Covers Award of Excellence Canvas Experts Inc. Ocean City, Md. Outstanding Achievement Award Custom Covers LLC Salt Lake City, Utah Outstanding Achievement Award Peter M. May Ltd. Ashburton, New Zealand Marine Powerboat Tops Award of Excellence [...]

Irwin Jacobs has resigned his role as CEO of Genmar Holdings Inc., which will allow him to bid on its assets without conflict of interest. Jacobs expects to be the high bidder on Genmar, which is now up for sale. He began acquiring the boat businesses that led to the formation of Genmar 30 years [...]

The Small Business Administration (SBA) has issued the first marine loan under its Dealer Floor Plan pilot program. Tennessee-based Cleveland Boat Center finalized its loan with SBA lender Citizens National Bank of Athens, Tenn. More than 20 businesses have been approved for SBA Dealer Floor Plan loans. Marine businesses in Michigan and New Jersey have [...]

A finished bimini enclosure from the inside. Note the clean look with no zippers, the "smile" zippers showing and the "no gap" corners. This is just one way of many to fabricate enclosures that produce quality results. My wife Deb and I have run Hood Canvas for the better part of 30 years. [...]

Classified marine marketplace Boat Trader launched an iPhone app that allows users to browse through more than 100,000 new and used boats, yachts, sailboats and personal watercraft. Users can search boats according to type, condition, price range and model year in a specific zip code or location. Users can also save searches and favorite vehicles [...]

Marine distributor Brunswick marine Parts & Accessories has teamed up with Furrion LLC to present a new line of shore power products. Products include cordsets, cables, adapters, plugs and inlets, all of which feature power consumer technology, voltage indicators and anti-interference filters. Products are backed by a five-year warranty.

According to a survey by Wolters Kluwer Financial Services, indirect lending will play a big role in overall growth of U.S. banks and credit unions. More than half of the compliance officers and consumer lending officers who responded to the survey felt that indirect lending will be critical to the overall growth of their organization [...]

Jet Dock Systems Inc., which produces drive-on docking systems for boats and personal watercraft, has been awarded summary judgment and an injunction against Versa Dock in a patent infringement case. In 2003, Versa Dock began the manufacture and sale of a drive-on docking system, and Jet Dock brought suit for damages and injunction. Jet Dock [...]