Boat builders in Southern New Jersey suggested last week that they’re seeing the initial signs of a rebound from the worst industry slump in 40 years. They feel so confident, they’ve begun rehiring some of the 900 decent paying manufacturing positions they eliminated in 2009.

For example, Luhrs Marine Group (Silverton and Mainship boats) in Millville, NJ, reduced staff from 250 to 97 in 2009 when they only built 72 boats. As a comparison, prior to 2009, they were building 300 to 400 in their Millville plant.

In January of this year, Luhrs rehired 10 workers. They also reported strong traffic and customer interest at the boat shows they’ve exhibited at this winter.

Viking Yacht, Co., in Bass River Township, reduced staff from 1400 to 730 last year. Their executives suggest that they will gradually climb back to full capacity by this time in 2011.

Finally, Egg Harbor Yachts, in Egg Harbor city was down to 10 employees but has hired 5 back so far in 2010.

Boating Industry Statistics

Thom Dammrich, president of The National Marine Manufacturers Association (NMMA), indicated that sales for boats, engines, trailers and accessories were at $13 billion in 2008. This was a 20% decrease from the prior years. And while the 2009 figures aren’t yet available for release, sales were down 30%. This means that the 2009 revenue is half of what it was in 2007.

In spite of all of that, Dammrich is encouraged by the early signs thus far in 2010. The National Marine Manufacturers Association (NMMA) said the improvement for the industry is unmistakable.

Photo via sashapo