MARINE BUSINESS NEWS
NEWS UPDATE
31 October 2025
Publishers note
In news this week, the iconic Wild Oats XI begins a new chapter under the ownership of Palm Beach Motor Yachts, where it will soon be seen on the water as Palm Beach XI. Given the vessel’s remarkable history and status within the boating fraternity, there could hardly be a more fitting home. Mark Richards, founder and CEO of Palm Beach Motor Yachts, has shared an extraordinary and enduring relationship with the Oatley family, skippering Wild Oats XI to numerous ocean-racing victories, including nine Rolex Sydney Hobart wins. We look forward to seeing it line up on Boxing Day for the Sydney to Hobart under its new name and colours.
Also making news, the Royal Australian Navy Sail Training Ship Young Endeavour has arrived back in Sydney after completing its final circumnavigation of Australia, a significant milestone in the vessel’s 37-year history. Over the decades, Young Endeavour has provided thousands of young Australians with unique opportunities to learn leadership, teamwork, and seamanship.
And finally, a key piece of marine and tourism infrastructure has come to market, with Sentinel Property Group offering the Port of Airlie – Cruise Whitsundays terminal and marina – for sale. I vividly recall visiting this facility some years ago, and it remains one of the most beautiful waterfront locations I have experienced.
We 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
Palm Beach Motor Yachts Takes the Helm of the Iconic Wild Oats XI
One of the world’s most celebrated ocean-racing yachts, Wild Oats XI, will race as Palm Beach XI under the new ownership of Palm Beach Motor Yachts and will relaunch with major modifications for the 80th Rolex Sydney Hobart Yacht Race this December 2025.
Sail Training Ship Young Endeavour marks end of era
Royal Australian Navy Sail Training Ship (STS) Young Endeavour (I) has arrived in Sydney, completing its final circumnavigation of Australia and marking a significant milestone in the ships 37-year history.
Cruise Whitsundays terminal and marina hit the market
A pivotal piece of marine and tourism infrastructure in one of Australia’s most iconic destinations has hit the market, with the Sentinel Property Group-owned Port of Airlie – Cruise Whitsundays terminal and marina – now offered for sale.
The Bureau of Meteorology’s New website is live
The Bureau of Meteorology’s new website is now live, delivering a secure and resilient platform that will enhance the delivery of trusted services to all Australians. The new website features design and functionality improvements to the Bureau’s most frequently used pages, including forecasts, observations and weather warnings.
Transport for NSW Expired Marine Flare Collection Program Dates
Transport for NSW Maritime is running Round 1 of our Expired Marine Flare Collection Program from 7 to 23 November 2025 at key boating locations across NSW. This program provides boaters with a safe, simple, and free way to dispose of expired or unwanted marine flares, helping protect our waterways and the environment.
BIA launches Discover Boating campaign celebrating wellbeing and connection
The BIA is set to launch its annual ‘See You Out There’ campaign on 1 November, as part of the Discover Boating initiative inviting Australians to experience the freedom, connection and wellbeing that comes from spending time on the water.
Gold Coast’s sister city relationship ‘cruises’ into 45th year
Mayor Tom Tate has marked the 45th anniversary of the Gold Coast’s sister city relationship with Fort Lauderdale in style, by cruising some of the grand boating canals of the famous U.S. city onboard a luxury motor yacht proudly built on Australia’s Gold Coast by Riviera.
Pittwater Sail Expo 2025 a Resounding Success at the Royal Prince Alfred Yacht Club
The 2025 Pittwater Sail Expo, held from 24 to 26 October at the RPAYC in Sydney, was a resounding success. As Australia’s largest sailing boat show, the event attracted thousands of visitors across the weekend and celebrated every facet of the sailing lifestyle.
Hydrofoiling’s coolest motor: Vessev launches the VS–Drive
Vessev has announced the VS–Drive, a podded propulsion system that stands to redefine electric marine performance. As the latest innovation from Vessev, which designs and builds commercial-grade electric hydrofoiling vessels ...
New Garmin OnBoard System redefines boating safety tech
Wireless Man Overboard detection and engine cutoff system integrates with Garmin chartplotters to give boaters added peace of mind. Garmin has announced Garmin OnBoard™, a versatile Man Overboard (MOB) and engine cutoff solution for boaters ...
IBEX 2025 delivers momentum and vision for the year ahead
The International BoatBuilders’ Exhibition and Conference (IBEX) announced that this year’s show, which closed on Thursday, October 9, saw year-over-year growth in attendance, reinforcing its position as North America’s premier marine event.
Metstrade further expands with additional events for different segments
Metstrade has announced a calendar of additional events. Taking place around the annual three-day show at RAI Amsterdam from 18-20 November, the events will cater for the unique segments within the leisure ...
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