More Tariffs & The First Marine Right To Repair Bill Is Dead copertina

More Tariffs & The First Marine Right To Repair Bill Is Dead

More Tariffs & The First Marine Right To Repair Bill Is Dead

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Six stories, and they're all circling one question. Who owns what, who pays when the bill lands, and who gets to decide.

Tuesday, a 50% tariff hits recreational boats built in Canada, under a statute from 1930, and USMCA won't get you out of it. MarineMax agreed to sell itself to a Blackstone-owned marina company at a 96% premium. A family that held a Boston Harbor marina for sixty years sold to private capital. One Fort Lauderdale dealer went the other way and picked up three brands. Brunswick's Navico wired another system into the boat at the factory.

Then the story we spent the most time on: Delaware's marine right-to-repair bill died in committee without anybody voting against it.

And we close in Detroit, on a 1910 steamer that burned in 2018 and just opened her decks to the public again.

Eight minutes. Every claim sourced below.

Hosted by Jon Logan. Sponsored by Marine Diagnostic Tools.

THE RUNDOWN

1. Canadian boats get tariffed. 50% on Canadian-built recreational boats starting Tuesday, September 15, under Section 338 of the Tariff Act of 1930. Stacks on the Section 232 duties already in place. Four HTS lines: 8903.31.00, 8903.32.00, 8903.93.20, 8903.99.21. The administration says USMCA compliance doesn't exempt the goods. Canada's own counter-tariff list from September 8 still leaves finished boats alone, and that part hasn't changed.

2. MarineMax sells. Safe Harbor Marinas, a Blackstone Infrastructure company, is buying at $53.00 a share in cash, near $1.5 billion enterprise value. A 96% premium to the January 30 close of $27.03, and 110% over the 90-day volume-weighted average. Shareholder vote and regulatory clearance still pending, closing expected by year end, no financing condition.

3. Constitution Marina sells. Go Outdoors and partner Monarch Alternative Capital bought the 273-slip Charlestown marina from Bosport Docking, a family owner of more than sixty years. About 9,000 linear feet of dockage. Ten qualified offers, Colliers on the sell side, price undisclosed. MassPort's long-term ground lease meant the seller could only pick a buyer MassPort would accept. The buyers now hold 16 marinas and four RV resort parks.

4. InterMarine expands. The Fort Lauderdale dealer added Beneteau Antares, Beneteau Flyer, and Wellcraft to a lineup already carrying Prestige, Beneteau Swift Trawler, Beneteau GT, and Jeanneau. Existing sales, service, and parts teams cover all of it.

5. Navico and Elettromedia. Audison and Hertz become Navico's preferred audio brands, Navico's displays become Elettromedia's preferred marine platform. Aimed at boatbuilders, not the aftermarket.

6. The repair bill. Delaware HB 279, introduced January 27 by Republican Rep. Rich Collins with Democratic Sen. Russ Huxtable and eight co-sponsors, would have required manufacturers to give owners and independent shops the documentation, parts, tools, and software the manufacturer created for repair, on fair and reasonable terms. It went to House Transportation and never came out. No committee report, no amendments, no roll call. The 153rd General Assembly adjourned sine die June 30, and Delaware bills don't carry over.

Kicker: the Boblo boat. The S.S. Ste. Claire launched in 1910 and carried Detroit families to Boblo Island until the boats were laid up in 1991. She burned at the dock in 2018 and lost her National Historic Landmark status. A family put years and more than a million dollars into her. She opened this month as a floating museum. $10, main deck, Thursday through Sunday at 150 St. Jean. The pilot house is still to come, and when it's done the public gets in for the first time.

LINKS
  • Tariff advisory coverage: https://tradeonlyto...
Chapters
  • (00:00:00) - Intro and Format Change
  • (00:00:59) - Boat Tariff Takes Effect Tuesday
  • (00:01:52) - Marine Max Sold to Blackstone/Safe Harbor
  • (00:02:41) - Constitution Marina Sale in Charlestown
  • (00:03:20) - Intermarine Picks Up New Brands
  • (00:03:41) - Navico and Electromedia Audio Deal
  • (00:03:59) - Delaware Right to Repair Bill Dies
  • (00:05:23) - Call to Action: Contact Your State Rep
  • (00:05:41) - Sponsor: Marine Diagnostic Tools
  • (00:06:12) - Feel Good Story: The St. Clair Restored
  • (00:07:09) - Sign Off
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