MARINE BUSINESS NEWS
NEWS UPDATE
25 October 2024
Publishers note
Well this was a bit of a dramatic week. It all started last Friday morning. As is our weekly routine, the team works late Thursday night preparing our eNews that we schedule to go out at exactly 7.00 am (AEDT) every Friday morning. It is typically a late night and we try and examine all of our news resources one last time before we lock everything away. This we did, and everything seemed normal. But it wasn’t. Sometime between us going to bed and getting up to check all was in order for our early morning eNews distribution, the news broke that BRP launched the process for the sale of its marine businesses.
Well, technically, they are not selling all of their marine businesses, as they plan to keep several, including its Sea-Doo personal watercraft, Sea-Doo Switch pontoons, and jet propulsion systems. But they have put on the market several boating brands including some Australian icons, such as Quintrex, Stacer, Savage and Yellowfin. Read the full story in this eNews or on our Website.
If that didn’t rattle me enough, the iconic radio program Hi-Tide, spearheaded by another industry icon, Kieran Reekie, announced Wednesday that “the program will not take its regular weekend time slot this weekend and no date is set for a return at this stage.” It appears that discussions on the program’s future have stalled with the station’s new management after the passing of owner, Bill Caralis. The program has been more of a community service to its throng of listers for over 30 years. Here is hoping they are back on air sooner rather than later.
Amongst all this, the crew from the Melbourne Boat Show reported a huge success with almost 39,000 visitors. The Sydney Boat Show team reported $353 million in total economic output, and little ol’ Marine Business News, on Tuesday quietly celebrated its 3rd anniversary since its relaunch.
Can’t wait for the weekend to get my breath back.
I do hope you enjoy this week’s news.
Marine Business News is an Australian-owned marine industry news service publishing local and international news. If you have news stories you would like to share, please let us know by contacting our newsroom via our email at NewsRoom@MarineBusinessNews.com.au.
Stay safe on the water,
Domenic Genua - Publisher
IF YOU ARE READING THIS EMAIL AS A GMAIL ACCOUNT HOLDER, YOU MAY HAVE TO CLICK ON 'VIEW ENTIRE MESSAGE' TO SEE ALL THE STORIES.
BRP Launches Process for the Sale of Its Marine Businesses
BRP announced late last night (17 October) that it is initiating a process for the sale of its Marine businesses namely Alumacraft, Manitou, Telwater (Quintrex, Stacer, Savage and Yellowfin), and Marine parts, accessories and apparel. This process excludes all activities related to its Sea-Doo personal watercraft, Sea-Doo Switch pontoons and jet propulsion systems.
A statement from the Hi Tide Fishing And Boating Show
With the passing of Bill Caralis, 2SM and the Radio Network is under new management. Regrettably, discussions on the programs future have stalled. As a result, the program will not take its regular weekend time slot this weekend and no date is set for a return at this stage.
‘62nd Melbourne Boat Show a Success
SailGP has confirmed that its new high-speed T-Foils will be added to its entire international fleet of F50s in January 2025, ahead of the ITM New Zealand Sail Grand Prix | Auckland. SailGP CEO Russell Coutts said the development would be a ‘game changer."
Sydney Boat Show Generates $353M
The Sydney International Boat Show contributed $353m in total economic output from the 2024 event at Darling Harbour, according to the Boating Industry Association Ltd CEO Andrew Scott. Scott said the show once again proved its worth following an independent economic analysis of the event which took place in August this year.
KGM Ssangyong Apprentice of the Year
The KGM SsangYong Apprentice of the Year awards were presented on the Honda Marine Main Stage at the Melbourne Boat Show over the weekend. There is no doubt that the awards were a boat show highlight, and, an excellent celebration of what has been achieved in 2024, and what is in store for the future.
New Zealand Marine Industry celebrates Emirates Team New Zealand’s successful defence of the 37th America’s Cup
The NZ Marine Industry Association congratulated Emirates Team New Zealand, winners of the 37th America’s Cup, in a contest which set new records on the water. It has been a thrilling week of racing as New Zealand marine innovation has enabled new records on the waters of Barcelona.
The Whiskey Project Group US (TWPG) announce new US headquarters and manufacturing hub in North Carolina
The Whiskey Project Group US (TWPG), a leading global manufacturer of next-generation multi-mission reconnaissance and tactical watercraft, has announced the establishment of its new US headquarters and manufacturing hub in Edenton, North Carolina..
AkzoNobel opens first applicator training facility in Asia Pacific to enhance regional technical support
AkzoNobel’s yacht coatings business has opened its first Yacht Paint Application Centre (YPAC) in the Asia-Pacific region to offer world-class product and technical training alongside the latest cutting-edge digital paint application tools.
Australia’s full-custom superyacht builder Echo Yachts commences construction of world’s largest sailing catamaran superyacht
Australia’s custom superyacht builder Echo Yachts has commenced construction of their latest creation, the ASC57, at their superyacht building facility in the Australian Marine Complex, Western Australia.
Expert’s guide to lithium-ion battery fire prevention
Mark Halverson, Executive Manager state fire safety section, Queensland Fire Department, shares some key lithium-ion battery safety advice to help you mitigate the risk of a lithium-ion battery fire occurring aboard your vessel.
Ask the experts: post-flood waters
From submerged debris to compromised water quality, there can be numerous safety hazards for boaters following a flood. Two boating safety experts share some key risk mitigation advice to help you stay safe. Adam Smith and Glenn Sullivan share their thoughts.
The benefits of dry storage
“There are many advantages and benefits that come with housing your boat in a dry storage facility full time,” says David Joyce, Head of Marketing for d’Albora. “Keeping your vessel in a dry storage stacker gives you the peace of mind of knowing that your boat is safe, secure and protected year-round.
Cabin calling
Hardtop and enclosed cabins provide protection from the elements and are perfect for offshore fishing and overnight stays, writes Scott Thomas. Enclosed and hardtop cabins have become more and more popular in Australia over the past decade or so. Why is that? Maybe it’s the weather?
Sailing Glory
Nautilus Marine caught up with Perth sailor Matt Wearn fresh from winning his second Olympic gold medal in the laser class at the Paris Olympics. An Interview by Sarah Ranawake. Congratulations, you’re the first man to win back-to-back Olympic gold in the Laser class. Has it sunk in yet?
ELIRE Infra announces world’s first intelligent floating infrastructure
ELIRE Infra, a revolutionary innovation company, operating at the intersection of infrastructure, mobility and clean energy, has announced its pioneering ‘Smart Hubs’ – modular, multi-purpose and scalable infrastructure solutions, designed to accelerate decarbonisation across ports, harbours, waterways, and the industries they support.
IF YOU ARE READING THIS EMAIL AS A GMAIL ACCOUNT HOLDER, YOU MAY HAVE TO CLICK ON 'VIEW ENTIRE MESSAGE' TO SEE ALL THE STORIES.
