March 2022

  • Published On: March 31, 2022

    President Biden recently signed into law the fiscal year (FY) 2022 appropriation bill, which includes significant funding for the recreational boating industry and takes into account funding for the Department of Commerce, the Department of the Interior, and the U.S. Army Corps of Engineers (USACE), according to the National Marine Manufacturers Association website. Included in [...]

  • Published On: March 30, 2022

    The National Marine Manufacturers Association (NMMA) Monthly Shipment Report (MSR) has been updated through January, which shows wholesale shipments of new boats increased 6.1 percent in January 2022, compared to January 2021, and total wholesale boat, engine, and trailer deliveries were up 1.6 percent year over year. “Marine manufacturing continued its uptick in January as [...]

  • Published On: March 29, 2022

    The United States Department of Commerce announced that the U.S. and United Kingdom (U.K.) reached a deal to ease steel and aluminum tariffs, allowing U.K. steel and aluminum products to enter the U.S. without application of Section 232 tariffs. The deal will allow 500,000 metric tons of steel annually to be imported duty free, with [...]

  • Published On: March 24, 2022

    The Marine Recreation Association (MRA) recently announced that after more than two years of COVID restrictions, the California Boating Congress (CBC) will return in-person April 18 and 19, 2022, and bring together the marine industry and boating community to amplify the importance and economic impact of the marine industry and recreational boating in California, according [...]

  • Published On: March 23, 2022

    In response to the Russian invasion of Ukraine, new sanctions/restrictive measures have been issued by the U.S., EU, UK and several other countries. Violations of these sanctions are prosecuted as felony violations of federal criminal law, and it is vital that companies understand that the standard for prosecution of even indirect sanctions violations is not [...]

  • Published On: March 23, 2022

    Winner of the 2021 IAA Award of Excellence in the Tensile Structures < 600 square meters category, the PFEIFER Structures-designed Seaplane Lagoon Ferry Terminal in Alameda, Calif. features a spectacular canopy. Photograph courtesy of PFEIFFER Structures For more than 75 years, the Industrial Fabrics Association International (IFAI) has recognized outstanding and innovative projects representing the latest accomplishments in [...]

  • Published On: March 23, 2022

    The Sea Tow Foundation is now accepting nominations for membership in its national Boating Safety Advisory Council, with applications being accepted through April 19, 2022. New appointees will be chosen by the current council and executive committee, notified in mid-May and serve a two-year term beginning June 1, 2022. The Boating Safety Advisory Council is [...]

  • Published On: March 22, 2022

    The deadline to submit speaker presentations for IFAI Expo 2022 in Charlotte, N.C. on Oct. 12–14, 2022, is March 31. Speaking at IFAI Expo gives individuals a chance to connect with a wide variety of attendees in diverse markets, share their expertise and boost their credibility. For more than a century, IFAI Expo has been [...]

  • Published On: March 21, 2022

    The EIDL program has dispensed more than $351 billion worth of relief to nearly four million borrowers, according to the SBA. The Small Business Administration (SBA) is providing additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) borrowers. The extension brings the total deferment time to 30 months from inception. Key information [...]

  • Published On: March 18, 2022

    The International BoatBuilders’ Exhibition and Conference (IBEX) is now accepting booth space applications for the 2022 show, scheduled for September 27-29, 2022, in Tampa, Fla. Nearly 90 percent of exhibitors from 2021 have renewed their booth space. The pavilions will remain the same, with hopes of a strong return of the International Pavilions in 2022. [...]