Reply
 
Thread Tools Search this Thread Display Modes
 
Old 07-22-2008, 07:03 PM   #1
Admiral

 
seapuppy's Avatar
 
Join Date: Nov 2005
Location: Everett Wa
Posts: 4,681
Default Olympic boats going bankrupt

EVERETT, Wash. – There are some hard times ahead for the boating industry. One Western Washington company just announced it's temporarily laying off workers while another recently filed for bankruptcy protection.
Again, you can blame the economy.
"I have a little 18-footer and it takes a lot of gas just to go out and dink around," said boat owner John Peterson, who spends about 80 dollars in gas per trip.
Redmond-based Olympic Boat Centers has filed for Chapter 11 bankruptcy protection. It owes $100 million to creditors.
"I was pretty surprised," said boater Nancy Flowers. "They've been around a long time and they have a pretty good market here."
Next Monday, Arlington-based Meridian Yachts will temporarily layoff 600 workers through August. Parent company Brunswick has more boats than it can sell.
"You've got an uncertain economy, high fuel prices, high food prices, the housing slump and it's really affected consumer durables such as boats," said Brunswick spokesperson Dan Kubera.
Companies also face competition from people selling their used boats. By 10 a.m. Monday, there were more than 130 new postings for boats for sale on Seattle Craigslist. The headlines include "Must sell," "Make offer," and "Price reduced."
Some sectors of the boat industry are doing well, including sailboats. Very high-end luxury yachts are also selling, but that's for the people who are so well-off that money is no object.
Some people are also replacing their gas guzzling motors with more fuel-efficient engines.
__________________
Don't compare your life to others. You have no idea what their journey is all about.
------------------------
SSN683 Association member
Par Excellence
------------------------------
2008 Bayliner 340 - "Wild Whim"
--------------------------------------
I live in my own little world....but it's okay-they know me here!!!

Avid practitioner of the martial art: KLIK-PAO.
Tap-Rack-Bang

Anyone that sez "Size doesn't matter" has never owned a boat!
seapuppy is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Starboard and Lettering rgreenwell8962 Maxum Owners General Discussions 4 08-10-2009 02:45 PM
Standard Timing settings on a 1996 4.3 Vortec? Gazjen Engines 0 08-13-2008 01:53 AM
good weekend-bad weekend.....it's all good!! seapuppy The Dock Walk 2 08-02-2007 03:04 AM
gas tank MaxumNewbie Maxum Owners General Discussions 1 10-26-2006 05:05 PM
Windlass for 2800 SCR SteelHeel Maxum Owners General Discussions 4 03-22-2006 04:20 PM

Powered by vBadvanced CMPS v3.2.3

All times are GMT. The time now is 10:46 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2024, vBulletin Solutions, Inc.