MARINE BUSINESS NEWS

NEWS UPDATE

21 April 2023

 
 

Publishers note

There has been a lot of news in our industry this week.

The d'Albora marina portfolio of properties has changed hands, with MA Financial acquiring the assets from Balmain Corporation. Their release stated that Balmain would remain a cornerstone investor with an initial interest of 30%.

I know from firsthand experience that the weeks leading up to the opening of a boat show can be extremely busy. Not because things are in disorder, but because show organisers are mostly focused on delivering the best show possible. With Sanctuary Cove less than five weeks away, the show team is obviously in full swing, having announced their fishing activities at the event. It's very smart planning, if you ask me. With over 50% of Australian boaties having a primary interest in fishing, a program for them is exactly what every good boat show should have.

In news that will not only please sailors but also all Australians, Team Australia has secured entry for a combined Women's and Youth America's Cup Challenge. Australia has been confirmed by the organisers of the 37th America's Cup as one of the 12 national Youth and Women's America's Cup teams in Barcelona 2024, scoring entry for a youth team (under 25) alongside the history-making first women's competition. Our best wishes to all involved.

We invite you to look at the many more stories on our website not seen in this newsletter, as well as links to resources, photo libraries, reviews, our international events calendar, our jobs board, and now an eNews log of our past Friday newsletters.

Our newsroom is open, and if your business has news to share, please let us know. Feel free to contact me or our team in the newsroom at newsroom@marinebusinessnews.com.au

Stay safe on the water,  
Domenic Genua - Publisher

 
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NEWS FROM THE WEEK
 
 
 
 

MA Financial acquires the d’Albora marina portfolio for $225m to seed new fund: The MA Marina Fund

Diversified financial services firm, MA Financial (ASX: MAF) has entered into an agreement to acquire the d’Albora marina portfolio for a headline price of $225 million from fellow diversified financial services firm, Balmain Corporation.

 
 
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Get hooked at the 2023 Sanctuary Cove International Boat Show

From a $10,000 fishing tournament, to the latest in fishing products, to catch and cook demonstrations with fishing expert Paul Burt, the Sanctuary Cove International Boat Show (SCIBS) has something for every angler.

 
 
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Team Australia secures entry for combined Women’s and Youth America’s Cup Challenge

Australia has been confirmed by the organisers of the 37th America’s Cup as one of the 12 national Youth and Women’s America’s Cup teams in Barcelona 2024 scoring entry for a youth team (under 25) alongside the history making first women’s competition.

 
 
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Sustainable Marine Fuels in the Spotlight as Industry Looks at Several Options to Further Minimise Emissions

At this year’s Discover Boating Miami International Boat Show in the USA, members of the recreational boating industry hosted an industry event on the advancement, innovation, and availability of sustainable marine fuels in the marketplace.

 
 
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Next Generation Boaters: Understanding Barriers and Opportunities

In the USA, the NMMA continue their work to better understand their audience and how to interact with them.  Whilst not completely relevant to our local market, many lessons can be learnt from their findings.  This is their latest report.

 
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RIBS to the rafters

Sirocco Marine Queensland is filled to the gunwales with rigid inflatable boats, representing the world’s leading brands and spanning 3 to 12-metres.

 
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8 Examples of How Mercury Boosts Fuel Economy

Asa  leader in marine propulsion systems, Mercury is redefining the future of boating, setting the pace and establishing new standards as the marine industry moves forward with contemporary low-emissions technologies. 

 
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Lanotec Brings Australian-Made Sustainable Lubrication to the Marine Industry

Lanotec, the Australian-made leader in sustainable multi-purpose lubricants and protectants, has extended its specialist offering to cover the marine industry, with the new MGX product presenting the ultimate in marine-grade lubrication.

 
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Paddle safety

Transport for NSW have outlined a guide to help improve the safety of those using paddle craft. These lessons are valid in any location, not just NSW.

 
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Boat Trailer Working Group Report

The Minister for Roads and Ports has requested that OBSMA establish a Boat Trailer Working Group (BTWG) to further investigate possibilities for better management of boat trailer parking, including consideration of the effectiveness of existing legislative powers available to Councils to manage the issue.

 
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Airline pilot sets sights on the seas with safety-focused compliance app

An Australian airline pilot has brought his safety and compliance expertise to the marine industry with the creation of Tracket – a safety and maintenance management app for recreational vessel owners. Tracket is streamlining vessel management protocols and enhancing safety standards for power boat, PWC and sailing craft owners.

 
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Maritimo Flagships’ true grandeur take shape

Australian luxury long range motor yacht manufacturer, Maritimo, forges ahead with production of its new flagship models, the M75 Flybridge Motor Yacht and the S75 Sedan Motor Yacht. In a matter of weeks, what will be the culmination of the vision by Bill Barry-Cotter OM will be unveiled at the Sanctuary Cove International Boat Show.

 
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Adrenaline – packed Sanctuary Cove International Boat Show 2023

Along with the Show’s extraordinary lineup of national and international product launches, and exciting displays with everything from superyachts to fishing tinnies, this year’s show will feature a huge array of adrenaline pumping watercraft and watersport, with something for every level of excitement.

 
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The latest Riviera interior range of fabrics inspire luxury and individuality

Creating a truly extraordinary, luxurious and bespoke interior is close to the heart of every discerning Riviera owner. Colour and texture heighten the atmosphere of a motor yacht’s environment to reflect the unique character, individual taste and style of its owner.

 
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2 minute tips for boating companies

 

Effective marketing needs data analysis and tactics, however, my aim was to get away from these overdone marketing strategies where people talk about how great their company is, rather than their customers and their pain points.

 
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An unwavering passion and dedication to the Maritimo brand

Ormonde Britton, now Maritimo’s Australasian Sales Manager, joined the company very early in its history as part of the sales team. During his time, he has made a great contribution to the success of the business.

 
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Resources launched as part of World Autism Day and Autism Awareness Month

In recognition of World Autism Day and Autism Awareness month this April, Australian Sailing has teamed up with AMAZE – the peak body for Autism in Victoria – to produce resources for instructors and clubs to help ensure children with Autism have a quality experience when trying sailing for the first time.

 
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