GE Capital Sees Rebound for Canadian Boat Builders

MarineLink.com
Monday, August 12, 2013

GE Capital’s Commercial Distribution Finance (CDF) business said it has seen positive trends in the Canadian marine, motorsports and recreational vehicle (RV) industries through the first half of the year. It expects favorable conditions to continue into 2014.

A 17 percent increase over last year’s marine industry volume is within striking distance of pre-downturn figures nationwide. There has been considerable growth year-over-year in the prairies and in the Atlantic region, although Ontario and Quebec still account for the most volume by province.

“We saw a lot of excitement at last year’s boat shows,” Howard Shiebler, president and CEO of CDF in Canada noted. “Canadian marine dealers continued to fill orders from those shows into the first half of this year.”

This strong performance can be seen in inventory aging levels, as well; the national level of inventory aged one year or more has decreased to nearly 16 percent from just below 19 percent in 2012.

 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S. Refinery Workers' Contract Talks Moving Slowly

With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union (USW) said talks with oil company

Obama, Modi Aim High on India Trip

In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture

Yachts

US Boating On High Speed Recovery

Nearly 89 million Americans went boating last year, one of the largest boating participation figures on record. And the boat sales last year increased to $37 billion,

Seakeeper Poised for Growth in 2015

Seakeeper reported record growth in 2014, noting that it is poised to continue the momentum through 2015 Shipments of gyros increased 46% over 2013 as more

Reopening of the Caravel La Niña III

The delivery ceremony and reopening of the Caravel La Niña III, faithful replica of the ship of Columbus, the Caravel “La Niña III“ was held yesterday in the city of Las Palmas.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1166 sec (9 req/sec)