MARINE BUSINESS NEWS
NEWS UPDATE
04 April 2025
Publishers note
It is no secret that registration data for our industry is inadequate. As I have mentioned before, over the years, I have frustratingly attempted to compile meaningful data for the industry's benefit. Data is a powerful asset that can help our industry perform better, produce more efficiently, and ultimately become more prosperous.
That said, based on the data I was able to gather many years ago, it appeared that Telwater, by volume, was responsible for producing nearly half of all boats made in Australia. Their brand portfolio was extensive, including well-known names such as Quintrex, Stacer, Yellowfin, and Savage. Among these, Quintrex and Stacer led in production volume.
In October last year, we shared the news that BRP had launched the process of selling its Marine Businesses. The announcement was somewhat concerning, as while the portfolio was highly appealing, very few businesses had the capacity to undertake such a significant acquisition. A suitable buyer was essential to ensure our industry did not face a major gap.
This week, it was announced that Yamaha Motor Australia Group has acquired Telwater. The caveat was added that the acquisition is contingent upon obtaining the necessary approvals, permits, and clearances required by competition laws and other regulations.
While this is not Yamaha’s first foray into having a boat brand within its portfolio, this acquisition is certainly a welcome one. We hope Yamaha will invest heavily in research and development, quality control, and strong management to ensure these brands thrive—for the benefit of Yamaha, Telwater, the industry, and, most importantly, the consumer.
Our best wishes to the new Yamaha/Telwater team for a successful future.
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
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Yamaha Motor Australia Group acquires leading aluminium boat manufacturer Telwater
Yamaha Motor Australia Pty. Ltd. has announced it has signed a purchase agreement with subsidiaries of BRP Inc., headquartered in Canada, to acquire all the shares of Telwater Pty Ltd (Telwater), an Australian aluminium boat manufacturer.
Marinas26 Invitation to Exhibit
The Marina Industries Association (MIA) invites organisations with an interest in working with marina businesses to exhibit at the Marinas26 International Conference and Trade Exhibition (Marinas26).
Jumbo Rides Again!
From the mid 1950s to the late ’60s and early ’70s, everything was – or seemed to be – much more colourful, stylish and distinctive, be it automobiles, clothing, record players (remember them?) or home appliances.
AMI become official distributer of TIDES product from Norway
AMI Group have announced their latest partnership with Tides. A Norwegian company with a focus on boating innovation. Their product the Tides Winch Seats became available from AMI in March 2025.
Mercury opens regions first Mercury Marine Training Centre
Located in Dandenong South, Victoria, this new facility is designed to equip marine technicians with the expertise, skills and confidence to provide world-class service and support while embracing the latest advancements in marine technology.
New Exemptions from AMSA
AMSA has introduced new exemptions to provide a simplified process for certain vessels to obtain a certificate of survey and operate as domestic commercial vessels (DCVs), including vessels with minor non-conformances or vessels built to Navigation Act 2012 (Navigation Act) requirements.
Statement from Emirates Team New Zealand on Auckland hosting of 38th America’s Cup
Since winning the 37th America’s Cup in October last year The Royal New Zealand Yacht Squadron and Emirates Team New Zealand have been intent on exploring the possibility of hosting the 38th America’s Cup in Auckland.
Club Marine wins prestigious Product Review award
Club Marine has won the 2025 Product Review Award for Insurance based on the consistently high ratings and independent opinions of consumers. Over the past 12 months, Club Marine has maintained 4.4 out of 5 stars and achieved a positive review count of 87 per cent in the broad Finance product category.
Marine Rescue NSW Southern Zone Commander undertakes Churchill Fellowship research
Marine Rescue NSW Southern Zone Commander undertakes Churchill Fellowship research into the implications of future boating technology for marine rescue organisations.
Deloitte Best Managed Companies: celebrating Australia’s private business success stories
Six Australian private businesses, each excelling in different industries, have been honoured for their outstanding performance and achievements in Deloitte’s 2024 Best Managed Companies awards.
Yacht design: A.I. is not accountable
Artificial Intelligence can not design yachts, but it can be used to run calculations when looking for optimisation of elements within yachts. Designers use it. However, verification is always required.
Honda Australia appoints Jay Joseph as President and CEO to lead Auto, Motorcycle, Marine and Power Equipment
Honda has announced the appointment of Jay Joseph as its new President and CEO, effective April 1, 2025. Joseph will be responsible for overseeing the strategic direction and operations of Honda’s diverse portfolio in Australia, encompassing the Automotive, Motorcycles, Power Equipment and Marine divisions.
Catamarans are Cruising into the Spotlight at the Sanctuary Cove Boat Show
The world’s finest catamarans are set to take centre stage at the 36th Sanctuary Cove International Boat Show (SCIBS) from May 22-25. This year’s event will feature the latest power and sail models from top local and international brands.
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