Please select your home edition
Edition

Despite interest rate hikes the marine industry sails on - MarineBusinessWorld Oceania newsletter

by Peter Rendle 15 Sep 15:00 PDT
Peters & May has reported an increase in shipments for the first half of 2022 © Peters & May

One indicator of the temperature of the marine industry is the international carriers. World-leading global Freight Forwarding specialists Peters & May has continued to strengthen during the first six months of 2022 despite market challenges caused by the ongoing impact of Covid and the conflict in Ukraine.

The Peters & May marine team, headquartered in the UK and represented by ten offices worldwide, has overseen just short of 1500 yacht shipments so far this year and its sales teams are already busy with requests coming in from clients, private individuals and charter companies for shipments in 2023.

Also looking forward to 2023, the Marina Industry Association has opened entries for its 2023 awards. Marinas and marine businesses are invited to enter the biennial Nautilus Marine Insurance Marina of the Year Awards which recognise excellence and leadership in the marina industry and sets new benchmarks for the industry. The prestigious awards provide finalists and winners with exceptional promotional and marketing opportunities.

The ten award categories are: Commercial Marina of the Year - Up to 140 boats (Australia), Commercial Marina of the Year - 140 plus boats (Australia), Club of the Year (Australia), International Marina of the Year, Boatyard of the Year - Up to 20 boats (Australia), Boatyard of the Year - 20 plus boats (Australia), Dry Stack Storage Facility of the Year (Australia), Community Support, BMT Environmental Award, and Industry Innovation.

Marinas and marine businesses in New Zealand, the Asia-Pacific and Middle East are eligible to enter four out of the ten award categories.

Meanwhile one major manufacturer has announced their awards for 2022. Recognised as the most prestigious and sought-after collection of exclusive titles, Stacer proudly announces its top performing dealers with the Dealer of the Year and Customer Service Excellence awards. Prized for outstanding performance including customer service and rapport, each dealer selected epitomises the Stacer essence of setting the marine standard by making boating accessible and approachable to every customer - no matter whether new into the industry or experienced.

There is only one crowned National Dealer of the Year, selected amongst the entire network of Stacer's 50 dealers, for next-to-none performance in all facets of their dealership including aptitude in helping a customer navigate through the buying process.

And news of an Australian designed support vessel has been received this week. Shadowcat, the leading developer of catamaran support yachts, announced this week that it has expanded its portfolio to include a fully bespoke monohull shadow vessel. The new concept, Shadowolf, is Shadowcat's first single-hulled support yacht and is available to meet the increasing demand for guest-level comfort and services. The vessel's new hybrid hull design focuses on passenger comfort and accommodation, while still enhancing adventures at sea.

Shadowolf perfectly supports a superyacht and is ideal for expanding options on multi-day excursions, voyages into more remote locations, and/or for chartering or research purposes. Designed by Shadowcat partners Incat Crowther and YCTS Ltd, the 69.2m Shadowolf offers an 11.5m beam and 3.25m draft, and will be built upon Incat Crowther's award-winning aluminium hull design, enabling some of the highest speeds and superior efficiency of any support yacht available on the market.

Appearances the Melbourne International Boat Show continue to be reported. The Yacht Sales Co is looking forward to the Melbourne show, which is being held at New Quay in Docklands. On display will be the Dufour 470, which has been acclaimed for its stunning design and high-performance thrills. Representatives of Absolute Yachts and Tesoro Yachts will be available for appointments, along with their Pre-Owned Brokerage Division.

And sailing regattas are now in full swing having suffered a two-year hiatus during the pandemic. The North Queensland regatta season continued with Nautilus Marine Insurance stepping up once again as a major supporter of the SeaLink Magnetic Island Race Week held over 1-7 September. Now in its 15th year, the event is recognised as the grand finale of the North Queensland season of sailing regattas.

Following on from Hamilton Island Race Week, which Nautilus Marine Insurance is also proud to be partner of, the annual SeaLink Magnetic Island Race Week is held on the waters of Cleveland Bay and kicked off with the Nautilus Marine Insurance Race Day.

Stay safe,
Peter Rendle - peter.rendle@marinebusinessworld.com

Related Articles

Feedback from METSTRADE is all positive
A summary of leisure marine industry news across Oceania this week BIA Director and ICOMIA Vice President Darren Vaux recently attended METSTRADE and associated ICOMIA meetings on behalf of the BIA. METS is the largest recreational marine industry trade show in the world and is held annually in Amsterdam. Posted on 1 Dec
Sailing takes centre stage this week
Marine industry news across Oceania, summarised weekly As we approach the summer sailing season with the Rolex Sydney-Hobart just six weeks away, the focus is on sailing this week. And we begin with the Yacht Racing Forum. 250 delegates from 23 nationalities attended the Forum in Malta. Posted on 24 Nov
METSTRADE dominates this week's industry news
The latest summary of leisure marine business news across Oceania With the largest marine trades exhibition show taking place in Amsterdam it is not surprising that the news this week revolves around the latest offerings on show. Awards are an important result of successful new products and we start with Raymarine. Posted on 17 Nov
Here's to the future
The latest summary of marine industry news across Oceania As we enter the summer boating season in Australia, we look at what the future holds for the marine industry globally. A new report suggests that the global electric boat market growth is driven by rising inclination toward solar-electric boats. Posted on 11 Nov
Positive news as a global report ticks the boxes
The latest summary of marine industry news across Oceania The World Sailing Council met to present a series of reports from each of the committees to update members on the current direction of the sport and future priorities. Posted on 3 Nov
Melbourne Show wrap good news for the industry
Peter Rendle's latest summary of marine industry news across Oceania Good news emerging from Victoria this week was a report post Melbourne Boat Show. The 60th edition concluded at Docklands on Sunday and the initial signs are that the demand for boats, boating and boating lifestyle are very strong. Posted on 28 Oct
New boats and products feature this week
Marine industry news across Oceania, summarised weekly While the economic pressures prepare us for a testing budget to be revealed next week, new boats and gear continue to be added to the boating marketplace. Posted on 20 Oct
Our industry still asked to be more sustainable
The latest summary of marine industry news across Oceania The challenge facing the marine industry in becoming more sustainable proceeds unabated. This week, and building on a successful collaboration, Volvo Penta and CMB.TECH announced a partnership agreement. Posted on 13 Oct
North American marine business news round-up
Peter Rendle's latest summary for October 2022 BRP Inc. announces that it has completed the previously announced acquisition of substantially all the assets related to the powersports business of Kongsberg Inc. Posted on 11 Oct
Record breaking rainfall a boating impediment
The latest summary of marine industry news across Oceania As Sydney breaks its yearly rainfall record with three months to go and the weather on Australia's eastern states is currently not conducive to comfortable boating conditions, sailing makes the news this week. Posted on 6 Oct