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Published 29.10.2013 | Author : admin | Category : Wooden Yachts

In the years since the 2008 mortgage crisis struck the nation – followed by Superstorm Sandy in 2012 – the marine industry suffered some of the most traumatic losses of any portion of the Jersey Shore economy. With interest rates low and fuel prices at their lowest level in years, consumer confidence seems to be on the rise, Zamoyta said, buoyed by an upcoming presidential election year in 2016 that often produces a relatively stable economy in the short-term. Statewide sells Nautic-Star and Pro-Line boats – mid-to-high-end center consoles – and Cruisers yachts and sport boats, which range from 20-foot ski boats to 54-foot motor yachts. In the marina in Waretown, slips are between 85 and 90 percent full for the 2015 season already.

After returning to near-normal sales and slip rental numbers in 2014, likewise to her colleagues in the industry, 2015 will likely exceed past years’ sales at Green Cove Marina off Princeton Avenue, owner Karen Davidson said. Green Cove, operated by the Davidson family since 1973, is one of the township’s larger marinas, offering a swimming pool, picnic area and features such as behind-slip parking. Combine that with high fuel prices and coastal residents facing recovery expenses from a hurricane, and boating quickly becomes a luxury many middle class families could not afford.
The dealership sells Tidewater center console boats, and this year moved from Princeton Avenue to the Lightning Jack’s facility on Route 70.

But signs of recovery for the industry began to line up in 2014, and two months in, 2015 is looking to be a banner year, business owners told Shorebeat at this year’s Atlantic City International Power Boat Show, which began Wednesday and lasts through Sunday.

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