The Triton

News

Australian marine industry calls for regulatory support

ADVERTISEMENT

The Australian marine industry has extraordinary potential — it just needs to be unlocked. That was the consensus at the Australian Superyacht, Marine Export & Commercial Marine Industry Conference (ASMEX) held in Queensland in May.

Much discussion among the 260-strong industry professionals in attendance centered on the Australian Superyacht Industry Economic Impact Study and its findings that the industry contributes $1.48 billion (AUD $1.96 billion) to the Australian economy.

“We have been having conversations with various politicians, state and federal, for over a

decade trying to explain the value of this niche industry and what additional potential it has in the right regulatory context,” said MaryAnne Edwards, CEO of Superyacht Australia and the Australian International Marine Export Group, and organizer of the conference.

The industry faces a lack of understanding and support from government authorities at all ends of the boating and yachting spectrum, according to delegates. From manufacturers to captains and service providers, the room called for specific regulation acknowledging the marine industry’s special place in Australia’s economy and social history.

Kevin Merrigan, CEO of brokerage house Northrop & Johnson, counseled the industry to look at Florida’s model of simple and low taxes, standardized agreements and development of the charter market, which has made yachting the second largest industry in the state behind tourism.

Related Posts...
A new customs clearance port along Australia’s Gold Coast means Read more...
Asia Pacific Superyachts Indonesia has opened an office in Raja Read more...
M/Y Enigma XK crew, from left to right, bosun Bruno Read more...
In a push for maritime tourism, Indonesia President Joko Widodo Read more...
Brightline, a privately owned and operated intercity passenger rail system, Read more...

Share This Post

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

Editor’s Picks

Miami18 Sunday at the Miami Yacht Show on Collins

Miami18 Sunday at the Miami Yacht Show on Collins

Today was a bright and sunny day on the docks at Collins. Crew continued to shine as they greeted guests. Photos by Tom Serio and Lucy …

Miami18: Miami Yacht Show may move downtown next year

Miami18: Miami Yacht Show may move downtown next year

By Dorie Cox The Miami Yacht Show has seen its share of changes, but few as large as the plan to move next year’s show to downtown …

Miami18: Checking the tide: How do you keep in touch with family and friends?

Miami18: Checking the tide: How do you keep in touch with family and friends?

As technology changes and options increase for communication, The Triton was curious how such international travelers as yacht crew keep in …

Miami18: Boating a big, growing part of U.S. economy

Miami18: Boating a big, growing part of U.S. economy

By Dorie Cox and Lucy Chabot Reed Recreational boating in the United States plays a significant part in the country’s economy, …