Inside Track

Boating BC allies with AMI

Boating BC Association of British Columbia, Canada, has entered into a membership alliance with the US-based Association of Marina Industries (AMI). Boating BC members will now have access to all AMI membership services and benefits.
 
The agreement will help both groups to expand professional training in British Columbia as Boating BC will be able to customise and run AMI’s International Marina Institute (IMI) training programmes for its members and other marina professionals across Canada.
 
“We are very pleased to be working with AMI,” says Boating BC president, Don Prittie. “The educational opportunities and value of this partnership will contribute immensely to the boating industry in British Columbia.”
AMI chair, Jeff Rose CMM, is equally positive. “This is a natural outgrowth of the increasing levels of interest by marina managers from Canada who have been attending IMI’s courses in the United States,” he comments. “We see this alliance as an example of how we can work together to successfully deliver an expanded training agenda and grow the industry both here and in Canada.”

Investment Seminar first

The industry’s first Marina Investment Seminar was successfully conducted on 2nd October in Sydney. Twenty delegates from across Australia, Asia and the USA including marina owners and developers, investment advisory executives and legal and valuation specialists active with both marina business and government agencies were in attendance.
 
Endorsed by the Global Marina Institute (GMI) and delivered by the Marina Industries Association in conjunction with KPMG Sydney, the seminar was opened by Mick Bettesworth, chairman of the GMI, who provided a global review of the marina industry. Five further high-profile presenters participated in the interactive programme.
 
Topics covered included investment fundamentals and the business of marinas, security of tenure, valuations, debt funding and the buying and selling of marina assets.
 
The GMI and its partner, the British Marine Federation (BMF), plan to hold a second Marina Investment Seminar during the London Boat Show in January 2015.

Investor sought for Wynyard site

Waterfront Auckland, New Zealand, is searching for an investor interested in developing the Wynyard Marine site, one of the last remaining waterfront blocks on the western edge of Wynyard Quarter, into a superyacht refit yard.
 
The 1.6 hectare site faces Westhaven Marina and is adjacent to the recently developed superyacht  berths at Silo Marina.
 
expressions of interest are being invited from marine/superyacht refit and yard operators and investors to develop 16,241m² of marine zoned land and 10,663m² of adjacent water space into a new facility with haul-out infrastructure. Within current zoning parameters, there is also capacity for the development of an additional 14,800m² of mixed use retail, office and residential property.
 
Auckland has enjoyed an influx of visiting superyachts in recent years. This has spurred the NZ Marine Industry Association and Tourism New Zealand to jointly progress an investment and marketing strategy to double the number of superyachts visiting the country over the next five years.
 
Waterfront Auckland chief executive John Dalzell says the Wynyard Marine site offers a superb opportunity to capitalise on New Zealand’s growing refit market. “The site is unrivalled in terms of its access to a city centre, a thriving marine business cluster and some of the South Pacific’s finest cruising grounds,” he said. “There’s no doubt these attributes, combined with the convenience and access to a local talent pool of world class operators and designers, will provide a competitive advantage over other international yard locations.”
 
For more information on the expressions of interest process, go to www.colliers.co.nz/26128
 

ICOMIA publishes updated Global Environmental Legislation Guide

The International Council of Marine Industry Associations (ICOMIA) published in June its new and improved Global Environmental Legislation Guide. 
 
Prepared by ICOMIA environment consultant, Albert Willemsen, the guide features clear and concise outlines of the latest environmental legislation affecting the European Union, United States, Asia and Australia, plus international organisations such as the International Maritime Organization as well as the UN Convention on Biological Diversity and international approaches related to styrene. The guide explains what the legislation is, why it has been imposed, when it will take effect, who it may affect and how it may affect them – making it an invaluable tool for businesses, associations and organisations operating in the global recreational marine industry. 
 
The guide is suitable for non-technical readers and aims to provide user-friendly and dynamic guidance. It is updated biannually to provide readers with the very latest environmental information from the recreational marine industry and is available in the ICOMIA online library. ICOMIA members are granted free access and the guide is available to non-members at a 12-month subscription for €300.
 
For more information, visit www.icomia.org

New US Act encourages dredging measures

Acknowledging that recreational boating is a significant contributor to the US economy as well as a growth engine for local communities, US President Barack Obama signed bipartisan legislation in June that recognises that the Federal government needs to do more to help small harbours, address longstanding dredging issues and improve boating and navigation infrastructure. The Boat Owners Association of the United States (BoatUS) – an active advocate for the new measures – has applauded the passing of the 2013 Water Resources Reform and Development Act (WRRDA) and will work towards its implementation.
 
“Maintenance dredging for small harbours and shallow-draft channels has been chronically underfunded,” said BoatUS government affairs senior programme coordinator David Kennedy. “In addition, funding for infrastructure such as jetties and some inland navigation locks has been significantly curtailed. The 2013 WRRDA Act directs the US Army Corps of Engineers to consider factors beyond total tonnage shipped in making dredging funding decisions, requires that not less than 10% of the value of operation and maintenance funds be directed to ‘emerging harbours’ or those that have less than one million tonnes of cargo shipped annually, and directs the Army Corps to report to Congress on the maintenance needs of the Atlantic Intracoastal Waterway.”
 
For the first time, the WRRDA treats the Great Lakes as one single comprehensive navigation system, potentially allowing funding for dredging of smaller harbours. In addition, the US Army Corps has been directed to study potential new revenue sources for the Inland Waterways Trust Fund – and is required to consult recreational users, among other stakeholders.
 
Kennedy added: “From small West Coast ports to Great Lakes harbours of refuge, inland locks and the Atlantic Intracoastal Waterway, boat owners depend on federal waterway infrastructure projects to keep them safe and provide authorised waterways deep enough for us to navigate. With 12 million registered boats in the USA and over 80 million persons participating in boating, we also need to remember that boating generates US$121 billion in US economic activity and over 950,000 jobs.

UK marine industry sees uplift, says BMF

The British Marine Federation (BMF) has announced in a new report that the full economic impact of the UK marine industry and spend associated with boating participation was estimated to total £6.2 billion in 2012/13. Latest industry trends results also announced by the BMF show encouraging signs of an upward trend.

The BMF’s Economic Benefits of the UK Boating Industry report also revealed that expenditures were estimated to support approximately 141,000 full-time jobs and more than £5.3 billion of Gross Value Added (GVA) in the UK economy, taking into account all direct and indirect effects. The estimates in the report included associated manufacturing, repair, servicing, distribution, retail, finance activities and other consumer and business activities as well as wider tourism activities and spend.

According to the BMF’s Industry Trends Report (November 2013 – May 2014) the sector is healthier than a year ago and future expectations for the marine industry are also more promising. Almost half of the respondents have experienced an increase in overall marine business activity over the last six months and profit levels are now reporting the most positive trend since the pre-recession period.

Hit hard by the downturn, the leisure market is now improving steadily and new build activity is seeing uplift over the last six months compared to last year. In the superyacht and small commercial sectors, both of which are still performing ahead of the leisure sector overall, the most significant improvement is being seen in the aftermarket/ refit markets.

Howard Pridding, chief executive of the BMF, said: “This economic benefits report now completes the picture and we can appreciate the full economic impact of the marine industry; £6.2 billion is a significant total. It’s also great news that latest indicators from our members really do show that the industry is moving forward.”

 

ICOMIA publishes 2013 boating industry statistics

The International Council of Marine Industry Associations (ICOMIA) has published its new Recreational Boating Industry Statistics for the year 2013. Serving as the focal point for the global industry since 1966, ICOMIA’s membership is estimated to represent more than 90% of the world’s leisure boating business, making it well positioned to provide an international compilation of data. In addition to statistics collated from member Marine Industry Association in a standard format, ICOMIA’s Statistics Book features:
 
  • 2013-14 market analysis (courtesy of IBI Consulting) 
  • Global summaries of key product segments from 24 countries
  • Export/import data for international trade in boats from 40 countries
  • Marine engine statistics from ICOMIA’s Marine Engine Committee (IMEC)
  • International Boat Show statistics (courtesy of the International Federation of Boat Show Organisers)
  • Statistics on the Global Superyacht Order Book (courtesy of The Superyacht Group)
  • Detailed national reports on the industry’s largest market countries
In addition to the book itself, ICOMIA is offering subscribers the raw-data Excel spreadsheets, to assist those carrying out more detailed research. 
 
“I am extremely proud of our Recreational Boating Industry Statistics,” said Tony Rice, ICOMIA secretary general, “And I would like to give special thanks to its contributors including IBI Consulting; our New Zealand-based design agency Liquid Scope Limited; our MIA members; The Superyacht Group; the International Federation of Boat Show Organisers and the ICOMIA Statistics Committee”. 
 
For more information, visit www.icomia.com

Marine15 launches MarineX@Marine15

The organising committee of the Australia-based Marine15 conference (3rd-5th May 2015) has announced the launch of an associated business-to-business trade show.
 
To be known as MarineX@Marine15, the show builds on the success of the trade exhibition at Marine13 in 2013 that attracted 43 business exhibitors who networked with over 450 conference delegates. The committee is expecting at least 65 businesses to exhibit in 2015.
 
Darren Vaux, organising committee member and chairman of the Boating Industries Alliance Australia, said the entire event is expected to attract over 550 attendees from across Australia, New Zealand and the wider region.
 
“The delegate profile is owners, senior managers and staff of businesses across the spectrum of boating businesses including retailers, manufacturers and associated goods and service providers,” he said. “The marina stream attracts all the key decision makers and the conference safety stream attracts the senior government agency and corporation officials involved with boating safety and marina operations. With the increased focus on industry B-to-B opportunities as highlighted by the launch of MarineX@Marine15 we expect the event to be a sell-out.”
 
Marine15 will be held at the RACV Royal Pines Resort on the Gold Coast. The prospectus for exhibitors and sponsors is now available on www.marine15.com and exhibition rates have been held at 2013 prices with additional benefits.

Hunter to give keynote at IMBC

Professional speaker and author Jim Hunter will present the keynote address, ‘The Power of Servant Leadership’, at the International Marina & Boatyard Conference (IMBC) 28th-30th January 2015.
 
During his presentation, Hunter will discuss the rapidly emerging phenomenon known as Servant Leadership, a values and relational-based approach to leadership that seeks to create a high-trust culture by turning ‘bosses’ into ‘coaches’ and ‘head-honchos’ into ‘mentors’.
 
IMBC will be held at the Tampa Convention Center in Tampa, Florida, USA and is organised by the Association of Marina Industries.
 
As of 31st August, over 50% of the exhibit space at IMBC was sold with over 60 industry suppliers signed up as exhibitors.
 
To find out more: www.marinaassociation.org/IMBC