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MarineBusinessWorld.com Newsletter: Powerboats lead the way in economic recovery

12/04/2018


Powerboats lead the way in economic recovery

Pantaenius AUS Comprehensive 728x90

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Princess S65 - photo © Princess Yachts


Dear [recipient name]

Our industry is massively diverse covering all sizes of power and sail boat options. The top end of the powerboat section is enjoying significant marketing penetration and in this week's newsletter we report on UK builder Princess Yachts recent financial achievements. Two other major powerboat builders Riviera and Maritimo, both based in Queensland, Australia, advise their separate marketing successes.

Sleek styling and luxurious single-level living of the Riviera 4800 Sport Yacht. - photo © Riviera Australia
Sleek styling and luxurious single-level living of the Riviera 4800 Sport Yacht. - photo © Riviera Australia

Riviera, will premiere the sophisticated 4800 Sport Yacht in conjunction with dedicated Riviera and Belize representative Emerald Pacific Yachts at the Newport Boat Show in Newport Beach, California, over four days beginning on April 19.

Ensign 2018 Bavaria Virtess MPU   Jeanneau AUS SO440 - MPU

Neighbours Maritimo, the Gold Coast based luxury cruiser manufacturer, has commenced operations in the adjoining commercial property it purchased at the Coomera Marine precinct last year and is on track to increase its workforce and production as the global leisure cruiser market rebounds. Maritimo purchased the commercial property adjoining its current headquarters on the Gold Coast to enable future expansion and after undertaking works within the new building it moved part of its manufacturing process in at the start of February.

(L to R) Maritimo CEO Garth Corbitt, General Manager Operations, Phil Candler and Production Manager Kym Fleet are show with one of the new dashboard configurations by Maritimo in the new facility. - photo © Promedia
(L to R) Maritimo CEO Garth Corbitt, General Manager Operations, Phil Candler and Production Manager Kym Fleet are show with one of the new dashboard configurations by Maritimo in the new facility. - photo © Promedia

FarEast Yachts Australia 28R Special 600x500   Nebo 300x250 4

With the future of sailing participation in mind, which will affect all marine businesses associated with sailing, the Royal Prince Alfred Yacht Club, in Sydney, continues to provide the future sailing champions. The club's world renowned Youth Development (YD) programme has been producing world class athletes for over 20 years! The RPAYC is holding an information session for any interested youth wanting to know more about the YD program, the Advanced Fleet Racing program, and the Advanced Match Racing Program. There will be a short seminar followed by a Q&A session and a trial sail on the club's fleet of Elliott 7s, the training boats used for all YD programs. It will be held on May 12, 2018 from 1000hrs to 1230hrs.

RPAYC Youth Development  - photo © Brendan Rourke
RPAYC Youth Development - photo © Brendan Rourke

Sailing Raceboats 2016 RS Quest 300x250   Zhik 2018 Hyeres 300x250

On the education front Navico recently revealed its plans for high-end electronics brands Lowrance, Simrad and B&G at its annual Australia & New Zealand Dealer Conference held in the Gold Coast, QLD Australia. The yearly conference brings Navico product managers, technical experts, marketing and sales executives from all over the world for three days of on-water trials, presentations and training for the dealer channel.

Navico's dealer conference - photo © Navico
Navico's dealer conference - photo © Navico

Hydrive 300x250 3   Spinlock Lume-On 300x250

Finally and for all those marine industry companies who employ more than 20 people, the ATO's new payroll reporting system comes into effect from 1 July for many businesses.

This requires employers to report information such as salary and wages, pay as you go (PAYG) withholding and superannuation to the Australian Taxation Office via a Single Touch Payroll-enabled system at the same time as they pay employees. Businesses can also ask a third party, such as a payroll service provider or tax accountant, to report on their behalf through an enabled service.

Aveagooden

Peter Rendle, Sail-World.com

BandG AUS Triton2 300x250   Sail Exchange 300x250 Used Sails


New software release for B&G Zeus and Vulcan Chartplotters
B&G®, the world's leading sailing navigation and instrument specialist, has announced the release of a new software update for Zeus", Zeus", Zeus" Glass Helm and Vulcan Series displays.

Farr Yacht Sales Australasia established
Farr Yacht Sales is pleased to announce the establishment of Farr Yacht Sales Australasia, headed by Bret Perry and based in Adelaide, Australia.

Beat the rain with Musto: These jackets you need
Don't let the rain stop you. Embrace the outdoors. Layer up in Musto's lightweight BR1 waterproof jackets.

Pantaenius PWR Asset 300x250   Multihull Central Seawind 1260 300x250
Riviera to showcase Sport Yacht and Flybridge models at Pacific Sail and Power Boat Show
Iconic Australian luxury motor yacht builder, Riviera, in conjunction with California representative Richard Boland Yachts, will proudly showcase the sophisticated 3600 Sport Yacht and blue-water 43 Open Flybridge

Princess on the crest of a wave as orders exceed $1 billion for first time in 53-year history
Financial results for the 12 months to 31 December 2017 show record turnover of £274.4 million (+26.6% on 2016) and an operating profit before exceptionals of £7.9m (2.9% of sales), representing a turnaround of £15 million

Navico's dealer conference a success
The yearly conference brings Navico product managers, technical experts, marketing and sales executives from all over the world for three days of on-water trials, presentations and training for the dealer channel.

Whitsunday Holidays 2018 MPU   Raymarine AUS 2018 - Axiom Sail - 300x250
Riviera to premiere 4800 Sport Yacht at Newport Boat Show in California
Australia's world-renowned luxury motor yacht builder, Riviera, will proudly premiere the sophisticated 4800 Sport Yacht in conjunction with dedicated Riviera and Belize representative Emerald Pacific Yachts.

Navico appoints Matt Vranich as Executive Vice President of OEM Integration Division
The new position will head a global company division that addresses rising expectations from Navico's boat-building partners – regarding full system solutions that include integration, connectivity and tier-one supplier support.

Maritimo's expansion strategy progresses
Gold Coast based luxury cruiser manufacturer Maritimo has commenced operations in the adjoining commercial property it purchased at the Coomera Marine precinct last year

Abell Point Marina 2018 Retina MPU   Yachtspot J112E 300x250
Multihull Solutions NZ Open Day to inspire new cruisers
Multihull Solutions is staging a unique Open Day on Saturday 28 April at its New Zealand Sales Centre in Whangarei designed to inspire and inform cruising enthusiasts who are keen to turn their dreams into a reality.

Applications open for 2018 RPAYC Youth Development Program
Applications are open for the 2018 RPAYC Youth Development Program whilst Rankings Soar for graduates of the Youth Development Squad program.

2018-19 RPAYC Youth Development Programme: Information & trial sailing session
The Clubs World Renowned Youth Development (YD) programme has been producing world class athletes for over 20 years!

Allen Brothers MBW 300 Purchase Power   Pittwater SailExpo 2018 300x250
Mercury Marine breaks ground on another expansion
Mercury Marine has officially broken ground on a new expansion at its global headquarters in Fond du Lac.

Single-touch payroll - Are you ready for 1 July?
The ATO's new payroll reporting system comes into effect from 1 July for many businesses.

X-Yachts AUS X4 - 3   Musto 2016 300x250 2
BandG AUS Triton2 FOOTER

Jeanneau AUS SO440 - FOOTER

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