Fountain receiver’s Chapter 11 petitions dismissed

Chapter 11 bankruptcy petitions filed by a receiver on behalf of Fountain and related entities have been dismissed by Judge Erik Kimball in the bankruptcy court of the Southern District of Florida. The order was in response to a motion by Joseph Wortley to dismiss the cases. Wortley is at least a partial owner of…

Fishermen’s rally set for today in D.C

Thousands of coastal recreational fishermen, business owners, commercial fishermen, charterboat and party boat owners and others are expected to descend today on Washington, D.C., for a rally calling for efforts to "Keep Fishermen Fishing."   Set for noon at Upper Senate Park, not far from the U.S. Capitol, “the unified efforts of America's fishermen will…

Pods Are Driving Change In The Marine Industry!

Over the last five or six years, Pod Drive Propulsion Systems have evolved from novel engineering concepts to marine industry game changers. Though pod drives have long been used for cruise ships, ferries and tugboats, their evolution and recent impact has occurred in the pleasure boat industry. They’ve quickly replaced traditional shaft drive systems as…

Plan calls for smaller hike in Maryland boater fees

The Maryland Department of Natural Resources will propose amendments to House Bill 1307 to substantially reduce the proposed cost of registering a boat in Maryland, the department announced. The department introduced the legislation to address the state’s boating infrastructure needs. The original proposal would have replaced the flat $24 boat registration fee paid every two…

Brokerage sales show increase in February

U.S. brokerage sales increased again in February as 1,908 boats sold for an aggregate of $231 million. According to YachtWorld.com member brokerages reporting in their proprietary database, Soldboats.com, the volume of sales rose 13 percent, compared with February 2011, and the total value of the boats was up 25 percent. See Related ArticlesBrokerage sales start 2012…

Why Gas Prices Aren’t Likely to Hit $5 This Summer

A spike to $5 a gallon for the national average by the summer would mean that the rise in gas prices over the next few months would have to exceed the 8 percent climb we've seen over the past four weeks. Is it possible? Perhaps. Inevitable? Not really. "There's nothing inevitable about it," says IHS…