“Rollercoaster” is the sickeningly appropriate word that's been bandied about in the headlines this past week. After months of record highs, the Aussie dollar dropped to a four-year low, stockmarkets around the world plummeted, interest rates too have taken a miniscule reduction – the only economic positive and mostly psychological for mortgagees.
For all of us, it's a ‘wait and see' situation, watching what happens in the US, how it impacts us and the results of their upcoming election, and locally, waiting for the economy to stabilize.
This week, despite the harrowing market conditions, there is some good news in the marine realm: Southport Yacht Club is investing in youth, training and organizing camps for young people, Maritimo announces plans for its massive 50-tonne+ 73 Sky Lounge, to be launched at SIBS next year, Darwin marine businesses have opportunities for skilled labour from other states and India will recognise boating excellence with its own awards in December this year.
We also present a profile on Iain Murray and his latest achievements: representing Australia at the Beijing Olympic Games (the oldest debutante at 50) and focusing on developing the Azzura Yachts brand of superyachts in international markets.
There are new appointments and product launches as well as updates on legislation and other boating business.
If you have any news, leads or suggestions, just email me. And you can visit www.marinebusinessnews.com for all your news and views, updated every day.
Jeni Bone, Editor
Back from Beijing: Iain Murray recounts Jeni Bone, From Star Class to superyachts, and many more interests in between, Iain Murray is Australia's best known sailing identity and fresh from reaching another career goal: sailing for his country in an Olympic Games.... [more]
Junior Sailing: Boating's Future Jeni Bone, While the industry powers that be ponder how to grow boating, Southport Yacht Club under the guidance of Sailing Manager, Shane Smith, is harnessing the enthusiasm of young people to introduce them to sailing and grow them through the ranks from recreation to racing.... [more]
Boat ownership with the right finance solution Harbourside Media, When considering that next boat purchase, or even if you're a first time buyer, chances are choosing the right finance solution is not high on your list of priorities. Yet it should be, as there are many more finance opportunities available than you may have thought. What's more, choosing the right finance package can potentially make a pleasure boat more pleasurable, or can help a commercial vess... [more]
Counting Down to the Volvo Ocean Race Southern Spars Media, The Volvo Ocean Race, described by some as the ‘Everest of Sailing', is undeniably the world's premier global race, and one of the most demanding team sporting events in the world. Eight competing teams will sail across 37,000 nautical miles of the globe, crossing the start line in Alicante, Spain on 11 October - the teams will visit 11 ports around the world.... [more]
Tony Reaper appointed to Southern Spars role Southen Spars and Sail-World, Southern Spars is pleased to announce the appointment of Tony Reaper as Composite Rigging Sales Manager. The appointment comes at a time when Composite Rigging is enjoying considerable success with its EC6+ rigging on many leading grand-prix racing yachts. Stemming from this success has been a steady increase in demand for EC6 rigging products across both the racing and cruising markets.... [more]
Maritimo on track with 73 footer Bob Wonders, At Maritimo's R& D facility on the Gold Coast, a plug is rapidly taking shape, a plug that will be utilised to produce the mould that will build the largest vessel over to carry the Barry-Cotter ‘fingerprint', the massive 50-tonne-plus Maritimo 73 Sky Lounge.... [more]
Spirit Embraces Composite Construction Rob Mundle, Whale watching vessel, Spirit of Hervey Bay is an example of high tech composite technology, the way of the future.... [more]
Boat Awards Launched in India Jeni Bone, It's a sign that the Indian Boating Industry is coming of age: India's inaugural International Boating Awards (IBA) will be held at this year's Boat India 08, December 14-16 in Cochin, India.... [more]
Oceanfast Reveals New Aluminium Motoryacht Range Jeni Bone, Australian luxury motor yacht builder Oceanfast has launched the first of its new range of vessels - the 36 metre 'Eendracht' – the name of the first Dutch explorer to visit the coast of WA – soon to be followed by a 48 metre currently under construction.... [more]
Darwin Sends Employment Lifeline Jeni Bone, Darwin could be the destination for contractors set adrift by the recent sackings at boat builders in Qld and other states.... [more]
Operation Boat Safe this long weekend NSW Government Media unit, “More than 55 NSW Maritime Boating Officers will be out in force this weekend, ensuring the boating public complies with a state-wide lifejacket, licence and safety equipment campaign,” Mr Tripodi said. “The October long-weekend heralds the start of warmer weather and coincides with a marked increase in the number of boaters heading out on NSW waterways.... [more]
First Seawind 1050 Resort in Hong Kong Media Services, Seawind Catamarans, Australia's largest manufacturer of cruising & charter catamarans have recently commissioned a new Seawind 1050 Resort on Hong Kong Harbour for Mr Andrew Kay who plans to run a new charter operation from Kowloon Pier, a very busy tourist area in the city.... [more]
Sail Beats Power for Matrimony: It's official! John Boyce, NSW Charter Vessels take Gold, Silver and Bronze Medals in first National Bridal Industry Award for Marine Wedding Receptions.... [more]
Maritimo Downsizes to Combat Economy Maritimo Offshore, In response to the present economic climate, Maritimo Offshore Pty Ltd, manufacturer of luxury long-range cruisers on Queensland's Gold Coast has been forced to downsize production, laying off around 105 people.... [more]
Beneteau honours Australian dealer Bob Wonders, Beneteau's Australian and New Zealand powerboats distributor, JW Marine, judged best in the world. Dealer principal Adam Waters was on hand in Bordeaux, France, to accept the award from Beneteau's director of sales and marketing, M. Henri Brissi, during the 2008 International Dealer Conference.... [more]
Offshore Superboat Series venues confirmed Bob Wonders, Five rounds remain for the 2008/09 Offshore Superboat Series as the event moves along the east coast.The only NSW event, round five, has been set for Newcastle, May 2/3.... [more]
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