USA: SeaArk Marine Temporarily Suspends Acceptance of New Boat Orders

Military and industrial aluminum boat manufacturer SeaArk Marine, Inc. of Monticello, Arkansas said it will temporarily suspend acceptance of new boat orders until further notice. Due to very sporadic and extremely low (new construction) sales figures for nearly 24 straight months, the company announced that it would begin an overhead reduction plan in an attempt to “ride out” the effects of the current market until substantial improvement in the government & industrial marine sector appeared more apparent.

SeaArk Marine, Inc. is not completely shutting down its operations. The company currently has several boats on order that will continue in construction until those are completed and delivered with factory support and full warranty coverage. The company will also continue fulfilling spare parts orders indefinitely. New orders for repair/refurbish work with short turnaround cycles will continue to be accepted until January 1st, 2012.

[mappress]

Source: seaark, August 31, 2011;