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Scotiabank Is Expanding into Colombia

From:  Scotiabank bulks up in Colombia – The Globe and Mail.

Bank of Nova Scotia is expanding further in Colombia with the purchase of a majority stake in one of the country’s largest pension fund companies.

The deal, announced early Tuesday, will see Canada’s third-largest bank buy a 51-per-cent stake in Bogota-based Colfondos AFP for an undisclosed price.

“Expanding global wealth management’s footprint in Latin America is a strategic priority for Scotiabank and the acquisition of a majority stake in Colfondos will increase our regional presence in this segment,” Chris Hodgson, Scotiabank’s head of global wealth management, said in a statement. “We look to continue the growth and expansion of this business.”

The country is attractive for several reasons, including its infrastructure expansion and youthful population. Divided by mountain ranges, it lacks a national railway system and highway grid, but the government has pledged to begin constructing a modern transportation network. The country’s population of 45 million is also young, mostly urban and provides ample room for the financial sector to grow.

Be sure you visit about www.MarySolColombia.com and www.CartagenaAlquilaBarcos.com on our website!  Mar y Sol loves Colombia!

Colombia Credit Rating May Be Raised As Growth Buoys Revenue

From:  S&P May Raise Colombia Credit Rating as Growth Buoys Revenue – Bloomberg.

Colombia’s foreign debt rating may be raised by Standard & Poor’s as economic growth in the Andean country increases revenue and leads to lower debt levels.

 

Colombia won an investment-grade credit rating last year for the first time since 1999 as improved security bolstered economic growth and attracted record foreign investment. Congress in 2011 passed legislation, known as the fiscal rule, allowing the nation to save part of the windfall it receives during times of rising commodity prices.

“Colombia’s fiscal performance has been improving at an impressive pace,” Bret Rosen, a Latin America strategist at Standard Chartered Bank in New York, said in a phone interview. “Colombia is a positive story and this shines light on its achievements.”

 

Be sure you visit about www.MarySolColombia.com and www.CartagenaAlquilaBarcos.com on our website!  Mar y Sol loves Colombia!

Colombia’s Oldest City Enjoying A Revitalization

Categories: Caribbean, Colombia, Tourism
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Published on: 2012/08/18

From:  Santa Marta, Colombia: Restored Coastal City Entices Expats.

 

Santa Marta is Colombia’s oldest city, but is fast becoming the country’s newest attraction thanks to revitalization efforts that have brought new life to the area. Both of the city’s largest parks and historical center have been restored, and a new marina that was little more than speculation two years ago is bringing in more maritime traffic. New restaurants and cafes are springing up all along Santa Marta’s main thoroughfares and property investors are scrambling to get in on the ground floor before Colombia’s Caribbean secret gets out. For more on this continue reading the following article from International Living.

 

The new marina—little more than a rumor two years ago—is now hosting a number of sailboats and powerboats, bobbing in their slips. And even more remarkable is the onshore development that the marina has brought to the area, as new condo buildings and businesses sprout like wildflowers on the shoreline.

 

Be sure you visit about www.MarySolColombia.com and www.CartagenaAlquilaBarcos.com on our website!  Mar y Sol loves Colombia!

Colombia expects 9% increase in foreign visitors

Categories: Caribbean, Colombia, Tourism
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Published on: 2012/08/18

From:   Colombia expects 9% increase in foreign visitors – Colombia news | Colombia Reports.

Colombia‘s trade minister said Tuesday he expects foreign visits to his country to go up 8.7% in 2012.

 

While presenting the Colombian government’s mid-term achievements, Minister Sergio Diaz-Granados said that “last year, 3.081,569 foreign visitors entered the country and we are calculating that at the end of the year this number will be 3.350,180.”

 

Be sure you visit about www.MarySolColombia.com and www.CartagenaAlquilaBarcos.com on our website!  Mar y Sol loves Colombia!

Colombia Foreign Direct Investment up 26% in 2012

Categories: Caribbean, Colombia
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Published on: 2012/08/12

Colombia FDI up 26% in 2012: Minister – Colombia news | Colombia Reports.

Colombia FDI up 26% in 2012: Minister

Colombia FDI

Foreign Direct Investment (FDI) in Colombia grew 26% in the first six months of 2012 compared to the same period last year, said the country’s trade minister Monday.

According to Minister Sergio Diaz-Granados, foreign investors pumped $9.4 billion into the Colombian economy in the first half of this year. In 2011, the South American country received a record $13.2 billion, 58% of which went to Colombia’s oil and mining industry.

This year’s increase in foreign investment is due to an “improved investment climate” and successful investment promotion campaigns carried out by tourism and investment promotion agency Proexport, the minister told Spanish press agency EFE.

Diaz-Granados estimated that the total FDI over 2012 will exceed $15 billion.

“These numbers ratify the good performance of the Colombian economy,” in a time the global economy is under pressure by ongoing problems in the Eurozone.

Colombia’s economy grew 4.7% in the first half year of 2012. The country’s finance minister said earlier this week he expected this growth to slow down to 4.5%

Be sure you visit about www.MarySolColombia.com and www.CartagenaAlquilaBarcos.com on our website!  Mar y Sol loves Colombia!

 

 

Air travel in Colombia up 10.5%

Categories: Colombia
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Published on: 2012/08/12

Air travel in Colombia up 10.5% – Colombia news | Colombia Reports.

 

Colombia News

Colombia‘s air traffic increased by 10.5% in the first six months of 2012 to 11 million passengers, the country’s aviation authority said Friday.

In June alone, passenger numbers rose by 14.1%, according to a report by Aerocivil.

National flights increased by 10.3% while international routes, flights from and to Colombia, rose by 10.9%.

In July, Aerocivil approved new international and national routes to make Colombian airlines even more competitive.

 

Be sure you visit about www.MarySolColombia.com and www.CartagenaAlquilaBarcos.com on our website!  Mar y Sol loves Colombia!

Colombia ‘set to become Latin America’s prime health tourism destination’

Categories: Caribbean, Colombia
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Published on: 2012/08/12

Colombia travel – Colombia news | Colombia Reports.

Colombia travel

 

Cartagena de Indias

Colombia is one of Latin America’s hidden gems and, despite its natural beauty and exceptional cultures, still unknown to many travelers.

 

Colombia ‘set to become Latin America’s prime health tourism destination’

Colombia has developed into one of the premier destinations for health tourists in Latin America, says the Minister of Commerce, Industry and Tourism.

Minister Sergio Díaz-Granados claimed Colombian doctors treated nearly 4,000 patients from other countries in 2011, leading to a profit of $6 million for the year, citing figures from the Colombian Association of Medical Tourism. He also claimed that the influx of foreign patients has created thousands of jobs for Colombians in the industry.

Diaz-Granados believes that in 20 years Colombia will be recognized as a world leader in health tourism, potentially bringing in $6 billion in revenue.

“Due to the quality of medical professionals, the good number of health institutions and the huge list of of attractions (…) Colombia is projected to be one the main destinations (…) of health tourism,” he said.

According to officials, most foreign patients come to Colombia for its services in cardiology, orthopaedics, cosmetic surgery and dentistry.

Most health tourists in Colombia are from the United States, Spain, Panama, Mexico and Canada.

 

Be sure you visit about www.MarySolColombia.com and www.CartagenaAlquilaBarcos.com on our website!  Mar y Sol loves Colombia!

 

Worldwide Licensed Medical Care Arrives in Guanacaste Costa Rica.

Categories: Business, Costa Rica, Tourism
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Published on: 2012/08/12

Worldwide Licensed Medical Care Arrives in Guanacaste Costa Rica.

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The times of emergency medical airlifts from Guanacaste to San Jose for top hospital treatment will shortly be gone. Sources in the surgery have informed Health Check Costa Rica the Hospice Cima project in Liberia Guanacaste plans to open their doors in February 2012. Construction of the first part of the hospice project is all but complete and the surgery is in the process of moving in equipment for a February opening. The hospice will be starting with only around ten beds but will be the first Joint Commission World Infirmary to open their doors in Guanacaste which is an area known often for pristine beaches, and a tourism dependent economy. Consequences of this may reverberate across the region as Guanacaste begins the evolution from a primarily tourist orientated economy to a wider based retirement and full time home destination.

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The project encompasses a new CIMA Surgery, a building with medical practice offices, a commercial section with trattorias and a flat hotel building especially targeting retirees and Medical Travel patients. The hospice, as well as the other buildings, would be located next to the Do-it Center in the canton of Carrillo, on the road between Liberia International Airport and the region’s seaside resort areas, and intentionally close to the global Airport which has become the hub of Guanacaste’s amazing growth as a visitor destination in the last ten years. This private hospital not only would serve the local inhabitants of Guanacaste but the growing foreign clientele seeking high-quality care.”The number of patients may alter thanks to the a proven fact that these facilities may not only serve patients from all over the province, but also may serve foreigners visiting for Medical Travel Facilitator purposes.

http://www.aboutguanacaste.com/Report_Images/Cima%20Guanacaste_2.jpg

Guanacaste has been through major transformations in recent years as the Govt. of Costa Rica has smartly been paying attention to major framework projects including road strategies and telecommunication infrastructure both of which have seen gigantic jumps forward in recent years. Previously inaccessible beaches now boast beautifully paved roads complete along with reflectors, painted lines and street lights; something old hands will remember didn’t exist on any roads only a few short years ago.

Additionally, through countless private investors Guanacaste saw the expansion and creation of everything from International American Schools to private surgery hospitals, orthopedic centres, plastic surgery spas, and a spread of spas, mental well-being retreats, recovery centers, and more. The major private investment bucks flowing into major medical facilities in Liberia to the tune of about half a bn. greenbacks has a ripple effect across Guanacaste as folks follow the smart money into niche areas of the booming Medical Tourism industry. With skyrocketing debate and curving costs of Medicare in the U. S., the ever increasing wait times in the socialized arena of Canadian Medical care coupled with the growth of straight-through flights into the region from both countries, Medical Tourism in Guanacaste is poised for a boom, and the opening of the long awaited CIMA branch in Liberia represents the first important walk in this direction.

via Worldwide Licensed Medical Care Arrives in Guanacaste Costa Rica..

Costa Rica tourism grew 7.4 percent in first half of 2012 / News Briefs / Current Edition / Costa Rica Newspaper, The Tico Times

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Published on: 2012/08/12

Costa Rica tourism grew 7.4 percent in first half of 2012 / News Briefs / Current Edition / Costa Rica Newspaper, The Tico Times.

 

Posted: Wednesday, August 08, 2012 – By AFP
Figures are better than those registered in the same period last year.
Tourists

Ronald Reyes

Adventure and sustainable tourism are some of Costa Rica’s major attractions.

SAN JOSÉ – Between January and June, Costa Rica was visited by 1,285.599 tourists, a number exceeding the same period last year by 90,000 people, the Costa Rica Tourism Institute (ICT) announced Wednesday.

For that period, the number of visitors is up 7.4 percent from last year.

According to the report, visitors who arrived on airplanes accounted for nearly 850,000 people, most of them from the United States and Canada.

Tourism is the main draw of foreign currency in Costa Rica, raising an average of $2,000 million each year.

New $992M (USD) Shipping Port in Moín, Costa Rica

Categories: Business, Caribbean, Costa Rica
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Published on: 2012/08/12

Court OKs Moín port project / Top Story / Current Edition / Costa Rica Newspaper, The Tico Times.

 

Moín Container Terminal

Plans for a new Moín Container Terminal on the northern Caribbean coast show first-phase construction of a 40-hectare island, 500 meters off the coast, as well as 600 meters of quay, two berths, a 1,500-meter breakwater, 16-meter deep channel and six super-Post Panamax container gantry-cranes. Courtesy of APM Terminals

 

A Costa Rican administrative court on Monday decided in favor of a $1 billion port renovation project in Moín, on the northern Caribbean coast. The unions that filed the suits are regrouping and already intend to present more measures to try to halt the venture, which they perceive as a threat to their livelihood.

The project, worth an estimated $992 million, will permit Dutch company APM Terminals to modernize the Atlantic coast’s dilapidated ports. The 33-year contract gives APM Terminals permission to construct and operate a new port called the Moín Container Terminal.

The 173-page ruling rejected two simultaneous lawsuits filed by the National Banana Workers Chamber and the Atlantic Port Authority union, which attempted to annul the largest private concession contract in Costa Rica’s history. The plaintiffs argued that the contract was granted without the completion of proper economic, technical and environmental studies.

Judges disagreed, stating that the court did not see any violations and the concession would stand between APM Terminals and the government.

Paul Gallie, managing director of the project for APM Terminals, said in a statement the ruling “affirms the transparency and legality of the concession process.”

Allan Hidalgo, of the Atlantic Port Authority (Japdeva) added, “The court’s decision regarding the docks shows that the government has done everything in good standing.”

President Laura Chinchilla, who signed the contract in August 2011, also praised the verdict.

“This is excellent news for the country and for the province of Limón in terms of investment, generating employment and revitalizing the economy,” Chinchilla said in a press release. “This will help us continue working for the development of the province and improving the future for residents. Furthermore, the port will lift Costa Rica from the shameful position that we occupy worldwide for port infrastructure.”

Government officials believe the construction and operation of the terminal will lead to thousands of new direct and indirect jobs in Limón, the country’s poorest province.

The new port will take in enormous Post-Panamax ships that can hold up to 12,000 containers. The current docks only can accept ships that hold a couple thousand containers.

The deadline for completion of the first phase is 2016, with construction set to start in late 2013.

Master plan

The billion-dollar dock is one part of Japdeva’s four-step plan to renovate the Caribbean coast’s port structures. The new dock will take in all container ships that arrive at the Atlantic coast. The already-existing Moín port will handle general cargo. The port of Limón would cater exclusively to cruises and yachts. Finally, the National Oil Refinery (RECOPE) has begun to expand its petroleum port in Limón.

This week, Costa Rica began dredging to extend the oil dock, according to a statement from RECOPE. The RECOPE dock upgrade is slated to start in mid-August, with the works carrying an approximate price tag of $13.6 million.

Aprobado el uso de Hamilton Jetdrives para Cartagena

07 Agosto 2012, Florida, EE.UU.Yamaha J105 Jet Drive Cowling

Mar y Sol orgullosamente presenta barcos estilo catamarán con propulsión de chorro.

Gracias al interés del público de Cartagena y la necesidad de tener barcos cómodos con las ciénagas comunes en esa parte de Colombia, presentamos lo que posiblemente sea el primer catamarán con propulsión de chorro.

El uso de impulsores de chorro estilo Hamilton (conocidos como impulsores «jetdrive» en inglés) está aprobado para el uso con varios barcos con motores fuera de borda.

Los barcos de TwinVee, fabricados con materiales sintéticos ligeros calan muy poca agua por su diseño, sin embargo las ciénagas son poco profunda y suelen tener obstáculos semi-sumergidos.  Una colisión a velocidad con una helíce típicamente resulta con una o varias hélices dañadas.

El jetdrive proporciona una aceleración superior a la propulsión con hélices, y ofrece varias cualidades deseables para operación en las ciénagas.

  1. la unidad de propulsión cala menos agua que el casco de la embarcación
  2. el barco puede ejecutar maniobras con mayor facilidad
  3. no tiene hélice expuesto
  4. estorbar menos el fondo

Conversaciones con los fabricantes de los motores y de los barcos resultaron en la aprobación de varias combinaciones de barco y motor.

Para los que tienen o desean propulsión convencional, Mar y Sol también ofrece hélices de fabricación sintética diseñadas específicamente para colisiones subacuáticas.

Para mayor información favor de ponerse en contacto con Mar y Sol de Colombia, llamando al +57 (314) 541-3327; o bien enviando un correo a ventas@marysoldecolombia.com

(Foto de motor Yamaha fuera de borda con impulsor de chorro; www.yamahaoutboards.com)

Be sure you visit about www.MarySolColombia.com and www.CartagenaAlquilaBarcos.com on our website!  Mar y Sol loves Colombia!

Australian 16m Catamaran Ferry Uses Jet Drives

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Published on: 2012/08/07

New ferry handed over.

 

This Australian Catamaran Ferry uses jet drives to send passengers back and forth to the Bay Islands, without killing turtles and other animals in the propellers.

 

 

 

 

 

 

 

 

 

 

The first of four new fast ferries for the Southern Moreton Bay Islands was handed over yesterday and should start work within the next few weeks.

“It’s a win win win for everyone” said Member for Redlands, John English before he smashed the bottle of champagne against the blunt bow  of the commercial passenger catamaran at the Aluminium Boats Australia headquarters on the Brisbane River.

Graeme Leishman and John English

Director of Transit Sysems Australia, owner of the BITS ferry service, Graham Leishman agreed and praised John English not only for shepherding the project through the Government Departments but by being instrumental in getting a quarter of the cost of the four new boats subsidised by the Queensland Government.

BITS and Aluminium Boats Australia have literally designed their way out of being an environmental hazard.

With the increased traffic , dugongs and turtles in the shallows of the southern part of the Bay were increasingly getting into harms way.  Consequently, the EPA in its the final version of the Marine Park wanted to slow boats over eight metres to six knots through critical areas of the route between the Bay Islands and the mainland. The EPA had enough evidence to show that wild life was being chopped up and squashed by big fast boats and They argued it was time to stop it.

On the other hand, 1500 signatures on a petition in April last year showed that the move would be very unpopular with the commuters from the islands.  The slowdown would cost them an extra 20 minutes on the journey.

more at:  http://bayjournal.com.au/joomla/bayislandsjournal/54/2036-new-ferry-handed-over.html

 

 

 

 

Jet Drive vs Sterndrive | Boating Magazine

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Published on: 2012/08/07

FROM:  Jet Drive vs Sterndrive | Boating Magazine.

Jet Drive vs Sterndrive

To prop or not to prop, that is the question.

Muscling their way onto the market in the early ’90s, “sport jets” were dismissed as little more than toys, quick and agile playthings, scoffed at by serious boaters. They peaked quickly and then vanished just as fast.

But a funny thing happened on the way to obscurity. Sea-Doo and Yamaha developed bigger, more versatile offerings. Today jet-powered runabouts are the best-selling models in the 24- and 21-foot segments.

To find out why jets are giving sterndrives a run for their money, and to determine if jets are suitable propulsion for experienced boaters, we pitted a Sea-Doo 210 Challenger S featuring a single 255 hp supercharged high-output Rotax jet drive against a Chaparral H2O 19 Sport with a 220 hp MerCruiser sterndrive and put them through their paces.

Jet Drive vs Sterndrive

 

High Speed Internet for Caribbean Pleasure Boats; Intelsat EpicNG

Categories: Caribbean, Power Cats
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Published on: 2012/08/01

From: Maritime News / Maritime Executive Magazine

Intelsat EpicNG Broadband Connectivity to Support MTN’s Service for Cruise, Yacht Sectors | Maritime News | Maritime Executive Magazine.

Long-term commitment provides MTN with a ground-breaking solution for delivery of more than 2 gigabits per second to Caribbean customers   

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Intelsat S.A., the world’s leading provider of satellite services, and MTN Satellite Communications (MTN), the leading global provider of communications, connectivity and content services to remote locations around the world, announced that MTN has committed to IntelsatEpicNG, Intelsat’s next generation, high-performance, open architecture satellite platform for the cruise and yacht sectors.

Under a long-term agreement, MTN will leverage the first Intelsat EpicNG satellite, Intelsat 29e, to provide more than 2 gigabits of capacity for MTN’s cruise and yacht customers in the Caribbean.

The Intelsat EpicNG platform is a complementary overlay to Intelsat’s leading global satellite network.  Initially, MTN will utilize capacity on Intelsat’s Ku-band mobile global broadband infrastructure. Once Intelsat 29e is launched in 2015, MTN will then partially transition to its custom-designed service on the Intelsat EpicNG platform, enabling MTN to deliver an unprecedented level of throughput in key Caribbean regions, especially for the cruise and yacht sectors.

read more:  http://www.maritime-executive.com/article/intelsat-epicng-broadband-connectivity-to-support-mtn-s-service-for-cruise-yacht-sectors?goback=.gde_2539526_member_138968232

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Wakeboarding Tips: Boating Safety for Beginner Wakeboarding

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Published on: 2012/08/01

From:  http://www.discoverboating.com/resources/article.aspx?id=237

 

Beginner Wakeboarding Tips

Wear a Lifejacket

Our wakeboarding tips section is no exception to this important boating safety rule. Be sure to wear a personal flotation device (PFD) at all times when you are in the water.

Use a spotter

A basic boating safety tip for all water sports is to make sure there is a designated spotter to help alert the driver to your position at all times and keep an eye out for other approaching boats or objects in the water.

Put your best foot forward

Before you go out on the water for the first time, one of the most basic wakeboarding tips to remember is to decide which foot you want to face forward. The foot you choose should be the foot you always intuitively place forward, whether it’s because you’re about to kick a ball or you’re regaining your balance.

Use a beginner wakeboarding stance

Using a beginner wakeboarding stance will make the board easier to control and navigate. The easiest stance for beginner wakeboarding is to place the back binding far back towards the end of the board and align it at zero degrees, so that the rider’s weight is able to press directly on top of the rear fin. The front binding should be at about a 15-27 degree angle, slightly pointed towards the front of the wakeboard.

Use a shorter rope

Another helpful beginner wakeboarding tip is to use a shorter rope that makes it easier for beginners to get up and out of the water. Our recommended length is somewhere between 30 and 50 feet.

Stay close to the board at first

Keep your arms and knees tucked in and stay crouched down until you are fully out of the water. Then, try standing slowly and deliberately so that balance and weight distribution are evenly maintained.

Distribute your weight correctly

When trying to get up and out of the water, most of your weight needs to on your front foot (about 60%). However, once you are in a standing position, remember to shift the weight back.

Keep the tow handle low

Beginners will find it easier to stay up if the rope handle is held in a lowered position that is parallel to the water (instead of perpendicular, as is common with waterskiing).

Use the correct boat speed

Be sure to remind your driver that wakeboarding requires less boat speed than waterskiing or other water sports. The maximum recommended speed should be around 14-19mph.

Take your time

Our most important wakeboarding tip is to take your time, stay relaxed, and remember that practice makes perfect! Don’t become frustrated if it takes several tries or more to get up your first time. Mistakes and spills are a normal part of the learning process.

via Wakeboarding Tips: Boating Safety for Beginner Wakeboarding.

Water Tubing: 5 Reasons to Love Boat Tubing Sports

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Published on: 2012/08/01

 

Water Tubing: 5 Reasons to Love Boat Tubing Sports.

 

Water Tubing: 5 Reasons to Love Boat Tubing

Water tubing means big splashes and big fun. Here are our favorite reasons why we love boat tubing:
Water Tubing
  1. It’s Easy
    Water tubing is one of the easiest water sports you can try. Boat tubing doesn’t require nearly as much agility, balance, or strength as waterskiing or wakeboarding—in fact, we’d say the number one requirement of water tubing is that you’re just able to hang on and have fun.
  2. Water Tubing is Appropriate for all Ages
    Boat tubing is something that both young and old can enjoy. Unlike other water sports which may require the boat to travel at high speeds, boat tubing allows passengers to travel at the speed that’s right for them. It’s also easy for many large water tubes to hold more than one person, which is essential if you need to have an adult in the water with young children.
  3. It’s a Great Exercise
    Spending time both in the water and on the boat is invigorating exercise! Boat tubing is a terrific way to enjoy the outdoors and get your fill of fresh air. Water tubing helps you brush up on your swimming skills and improves strength and coordination.
  4. Good for Spending Time with Family and Friends
    Whether you’re having fun driving the boat or you’re the one in the water, water tubing is the perfect family boating outing. Boat tubing is also ideal for large groups, not only because more than one person can fit on a tube at a time, but also because getting in and out of the water is generally quicker and easier.
  5. Water Tubing is a Family Activty!
    Water tubing is a uniquely thrilling and unforgettable water sports experience. Speeding across the water on a tube can be just as much fun as wakeboarding or water skiing— without the added stress of needing to stay perfectly balanced on top of the water. Instead, water tubing lets you focus on the fun as the boat pulls you along behind it.

Retail Sales are Growing for the First Time in 5 Years

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Published on: 2012/08/01

From: NMMA presentation by Thom Dammrich

http://www.nmma.org/assets/cabinets/Cabinet451/2012 Dammrich Industry Breakfast Presentation.pdf

 

Tide coming back in for recreational boating industry – JSOnline

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Published on: 2012/08/01

From Milwaukee/Wisconsin Journal Sentinel:

Tide coming back in for recreational boating industry – JSOnline.

 

Tide coming back in for recreational boating industry

 

 

 

This year has been the strongest start to the boating season since about 2007, said Jim Meyer, owner of Main Marine & Ski, a Racine boat dealer.

 

“It hasn’t matched the 2004 numbers, and I don’t know if we will ever see that again, but it’s been five or six years since we have had this busy of a spring,” Meyer said.

 

In Wisconsin, sales of new powerboats and accessories in 2011 were up 29.3% over 2010, at $378 million, according to the National Marine Manufacturers Association.

 

Nationwide, sales increased 6% to an estimated $32 billion, the Chicago-based trade association said last week in a report based on new powerboat registrations and sales tax figures.

 

One lingering effect from the recession, though, has been a noticeable shift toward less expensive boats, including aluminum watercraft that previously might have been overlooked by consumers flush with cash and easy credit.

 

Now, one of every five new power boats sold in the United States is an aluminum pontoon model, compared with 12% in 2005.

 

It’s been a “seismic shift” in consumer preferences, said Peter Houseworth, client services director at Info-Link Technologies, a Florida firm that tracks marine statistics.

 

Many buyers have opted for a lower-cost option to get on the water.

 

They’re willing to get a boat that’s a few feet less in length and doesn’t have a supercharged engine, for example, and then have more cash in their pocket for other things including fuel and travel.

 

Some manufacturers are bundling a boat, engine, trailer and accessories in one package that costs several thousand dollars less than if everything were purchased separately. To boost their sales, the outboard engine makers have lowered their prices some to promote these packages.

 

Read more at:  http://www.jsonline.com/business/tide-coming-back-in-for-recreational-boating-industry-qg5i567-154502885.html

 

Ethanol, not for marine engines

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Published on: 2012/08/01

From:  Soundings Today – Trade Only Forum for Marine Industry Professionals

A View from Here » Blog Archive » E15 and the ‘unintended consequences of the diversion of food to fuel’.

Ethanol was back in the news recently when a Phillips 66 service station in Lawrence, Kan., in July became the first in the country to offer E15. The station, which has 14 gas pumps and four for diesel, allows motorists to choose E10, E15, E30 or E85, with the higher levels suitable only for so-called “flex-fuel” vehicles.

 

I’m not hearing much applause from builders, dealers or boaters.

 

An active and vocal opponent of E15, the NMMA has begun distributing about 100,000 warning labels to member builders to remind boat owners of the engine problems that misfueling with E15 would cause. The higher blend of ethanol gasoline should not be used in marine engines, regardless of when they were made, or in cars manufactured before 2001.

The NMMA estimates that as many as 95 percent of all recreational boats fuel at traditional gas stations, leading to the likelihood that some misfueling will occur despite warning stickers.

Mobile marine mechanic Erik Klockars told the tug owners that well more than half of the problems he sees with outboards today can be traced to E10 gasoline. “It’s a real problem,” says Klockars. “And it’s not getting better.”

 

more at:  http://blog.tradeonlytoday.com/tradetalk/?p=609

 

Distant thunder of aging boomers; Boat buyers continue to get older

Categories: Business, Power Cats
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Published on: 2012/08/01

From:  Soundings Magazine:

A View from Here » Blog Archive » Distant thunder of aging boomers.

 

Distant thunder of aging boomers

The boys at my marina have been looking a tad older, as are the ones down in the anchorage. And so is the guy in the mirror, for that matter. The market of new boat buyers and current boaters is graying before our eyes.

We’re not alone. Consider that about 10,000 of the 77 million baby boomers are turning 65 every day. What are the implications for our industry?

It’s one of those good news/troubling news scenarios. More on that in a moment, but first some charts and figures from Info-Link’s Jack Ellis that graphically show the aging of new boat buyers during the past 15 years, as well as the age distribution of boaters.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

read more at:  http://blog.tradeonlytoday.com/tradetalk/?p=581

 

 

 

 

 

Reasons to Invest in Tourism Infrastructure and Colombia Hotels

Categories: Caribbean, Colombia
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Published on: 2012/08/01

Reasons to Invest in Tourism Infrastructure in Colombia

via Hotel Infrastructure and Tourism – Proexport Colombia’s Official Investment Portal.

Between 2004 and 2010 there has been an increase of 25% of the number of hotel rooms (11.600 new ones and 11.700 remodelled ones).

Out of all hotel rooms in Colombia only 32% are qualified as four and five stars. This recent investment has been focused on this segment.

Despite this increase, hotel occupation in the principal destinations remains high, in particular in the segments of high income and in hotels directed at business travelers, all-inclusive resorts and ecotourism where the offer still does not meet the demand.

The arrival of international travelers to Colombia increased from 600 thousand in 2000 to almost 1,5 million in 2010, with an average annual growth of 10,6%, almost four times greater than the world average and one of the highest in the region.

Colombia has become established as an important destination for cruise ships in the Caribbean with the three principal ports of Cartagena, Santa Marta and San Andrés. In 2010 cruise ship numbers increased 30,9%, representing the arrival of 401 thousand passengers to Colombia.

Twin Vee: hydrofoil adds performance and efficiency to catamaran hull

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Published on: 2012/08/01

from:  http://www.tcpalm.com/news/2012/feb/04/twin-vees-new-hydrofoil-to-add-performance-and/

http://media.channelblade.com/boat_graphics/dealers/38564/digi43566233_l.jpg

FORT PIERCE — Twin Vee Catamarans’ owner Roger Dunshee knows it’s hard to improve a ride that already receives rave reviews. But he figured out how to do just that.

The Hydrofoil Supported Technology or HYSUCAT makes Twin Vee the nation’s only builder of powered catamarans to include a hydrofoil under its hull.

The hydrofoil resembles an airplane wing that is mounted between the twin hulls of the catamaran attached to the bottom of the deck. It’s is made of 2205 stainless steel, one of the hardest kinds of steel that can be used. It works by slicing through the water and at high speed it serves to help provide more lift for the catamaran therefore reducing the friction and drag of the water on the hull.

“The end result is better fuel economy, faster speeds and an even smoother ride,” Dunshee said. “A guy can get to his favorite fishing grounds and back easier, more comfortably and more inexpensively.”

Dunshee said the decision to add an innovative feature such as a hydrofoil at a significant capital investment was an investment in Twin Vee’s future.

“Adding technology in this economy when other boat building companies are closing their doors speaks to where we’re headed,” Dunshee said. “Remaining competitive in the boating marketplace means we’re having to turn over a lot of rocks.”

The hydrofoil concept applied to the catamaran hull is adopted from technology used by a few builders in South Africa, Dunshee said.To learn more about the hydrofoil and Twin Vee Catamarans visit www.twinvee.com.

© 2012 TCPalm. All rights reserved.

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