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...
The Marine Industry Cares Foundation in South Florida has organized Read more...
UPDATE: Tues., Sept. 19, 8:30 a.m. Hurricane Maria made landfall Read more...
UPDATE: Mon., Sept. 18 Barbuda’s ambassador to the United States, Read more...
The U.S. Army Corps of Engineers, Jacksonville District, awarded a 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Your email address will not be published.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

Hurricane Maria impacts Caribbean as a major storm

Hurricane Maria impacts Caribbean as a major storm

UPDATE: Tues., Sept. 19, 8:30 a.m. Hurricane Maria made landfall on Dominica last night as a Category 5 storm and is described as one of …

Competition, workshops for interior crew at Monaco

Competition, workshops for interior crew at Monaco

Stews, don't miss the chance to strut your stuff at the Monaco Yacht Show this year. G.U.E.S.T. (Guidelines for Unified Excellence in …

Windowless cars, damaged boats, rare flights aid Tortola escape after Hurricane Irma

Windowless cars, damaged boats, rare flights aid Tortola escape after Hurricane Irma

By Dorie Cox The first frightening trip was out the door of the hotel bathroom. Four charter boat guests stood up from the floor of …

Yacht crew gather after weathering Hurricane Irma in UMC

Yacht crew gather after weathering Hurricane Irma in UMC

About 100 yacht crew and industry professionals gathered under the tiki hut at Universal Marine Center last night (Sept. 14) for a …