The Clock is Ticking
Author:
Adobe Stock
On June 1, the European Unionâs retaliatory
tariff on American-built boats is set to double
Nicole Vasilaros, senior vice president for government and legal affairs at the National Marine Manufacturers Association, says there is no question that the European Union tariff of 25 percent on American-built boats has hurt the U.S. marine industry for the nearly three years that the tax has been in place.
“We’ve seen a 40 percent decrease in exports,” she says. “The cost to the industry we estimate at more than $400 million in lost sales. And the impact is obviously with U.S. manufacturers that are exporting their product, but the side effects are also felt by our European counterparts, dealers and distributors who don’t have American brands to sell. And ultimately, the customer suffers.”
Telltale Signs
Jeff Moser
For six agonizing days in March, massive earth-moving machines and stout tugboats labored around the clock to free the 1,312-foot, 2-inch
Ever Given from the Suez Canal mud. An estimated $9.6 billion worth of goods transported daily on the 120-mile east-west connector was stuck.
It finally took an alignment of the celestial bodies and a high, perigean spring tide to free the ship and allow the 450 vessels idling in the Mediterranean and Red seas to begin to pass. The true costs still remain difficult to quantify, but one thing is for certain: The grounding happened at a time when the delicate supply-chain balance was already stretched and vulnerable.
Policy Priorities Shared at ABC
Author:
On Day Two of the National Marine Manufacturers Association’s
American Boating Congress yesterday, congressional and Biden administration officials, along with industry advocates, spoke about policy and partnerships to the hundreds in virtual attendance.
Rep. Chris Pappas
The Hammond Marine Industry Leadership Award was presented to Bruce Van Wagoner of Wells Fargo Distribution Finance for his service and commitment to boating advocacy. Van Wagoner
The day’s speakers, appearing in quick succession to maximize time in the hour and a half session and many repeating the word “bipartisan,” included Rep. Chris Pappas (D-N.H.-01), Rep. Debbie Dingell (D-Mich.-12), Rep. Maria Salazar (R-Fla.-27), U.S. Secretary of the Interior Deb Haaland, Jeff Krause of the U.S. Army Corps of Engineers, Sen. Todd Young (R-Ind.), Senior Advisor to the President and director of the White House Office of Public Engagement Cedric Richmond, Sen. Roger Wic
Login or register now to gain instant access to the rest of this premium content!
Trade associations representing some of America’s top industries and employers today praised Representatives Al Lawson (FL-05) and Ken Buck (CO-04) for reintroducing the Aluminum Pricing Examination (APEX) Act (H.R. 2698), bipartisan legislation that would bring transparency to aluminum pricing and provide stability for American workers and job creators.
“We applaud Representatives Lawson and Buck for continuing their bipartisan work to level the playing field and ensure unfair market practices do not disproportionately harm the American beer industry or the 2.1 million jobs it supports,” said Jim McGreevy, president and CEO of the Beer Institute. “The APEX Act will bring much-needed transparency to aluminum benchmark pricing, which helps all those in the beer industry and the multitude of American job creators that rely on aluminum.”
IBEX to Host Supply Chain Webinar
Author:
Apr 22, 2021
As the industry continues to struggle with supply-chain issues amid unprecedented customer demand, the International BoatBuilders’ Exhibition and Conference will host a webinar April 29 on the issues manufacturers are facing.
The seminar, “Supply Chain Opportunities and Challenges A Discussion Exploring Supply Chain Management in a Global, Post-Pandemic Context,” will address not only the myriad issues that have impacted the worldwide supply chain, but also policy, trade war implications, best practices, and management debates and solutions.
The 1 p.m. (ET) discussion will be moderated by Scott Barry, director of engineering standards with the National Marine Manufacturers Association.