Please select your home edition
Edition
Armstrong 728x90 - Performance Mast Range - TOP

New Zealand’s $350 million role in the 2013 America’s Cup

by Sail-World on 27 Aug 2013
Emirates New Zealand on the final reaching leg to the finish of race seven of the Louis Vuitton finals. 24/8/2013. Chris Cameron/ETNZ http://www.chriscameron.co.nz

Much comment has been made internationally regarding the $36million investment from NZ Trade and Enterprise into Emirates Team NZ, under an arrangement first signed by the then Labour Government to help the team build back to compete in 2007, and the second campaign staged in 2013.

The large stylised fern displayed on the Emirates Team NZ wingsail is one of the logos owned by NZTE.

NZTE works closely with the NZ Marine Industry Association to expand NZ's Marine Exports, and the association claims that from the 2013 America’s Cup, New Zealand has already benefited from well in excess of NZ $350 million dollars coming into the economy.

Peter Busfield, executive director of the NZ Marine Industry Association (NZ Marine), says: 'There is no doubt that the America’s Cup and all that the regatta represents, sporting-wise and commercially, has played a significant role in highlighting and developing New Zealand’s marine sector over the past 25 years.

'In the lead-up to the 2013 America’s Cup in San Francisco, 44 NZ Marine member companies – plus others outside the marine sector – have contributed hundreds of thousands of man-hours, innovation and design skills, and quality workmanship to one or more of three of the four America’s Cup syndicates which did most or all of their campaign preparation in New Zealand,' said Busfield when speaking at a function for 110 invited guests, media and industry colleagues in San Francisco on Friday 23 August at the Emirates Team New Zealand sailing base.

With every team’s AC45 boat and the AC72s of Emirates Team New Zealand and the major components and fit-out of the AC72s of Luna Rossa Challenge Oracle Team USA built in New Zealand, the physical man hours, supplies and tax generated have clearly generated considerable economic benefits to New Zealand’s marine sector and the country as a whole.

'The New Zealand Government’s investment of $36 million in Emirates Team New Zealand’s campaign has been more than returned in direct tax revenue alone, not to mention the great profiling of New Zealand as a brand associated with world-leading technology,' says Busfield.

'We also recognise the role that the world-class NZ Marine Industry Training Organisation (NZ Marine ITO) has played in helping create a highly-skilled, talented pool of marine industry professionals which in turn drew the America’s Cup teams to manufacture most, if not all, their race boats, supply and support boats and other components in New Zealand.

'The NZ Marine ITO has done and continues to play an important role in ensuring New Zealand has the skilled personnel available to build and refit world-leading superyachts and we’ve witnessed the importance of technology transfer from the America’s Cup and other Grand Prix race programmes to and from the superyacht sector.

'New Zealand can already celebrate the fact our people built the winning Louis Vuitton and 2013 America’s Cup yachts!'

NZ Marine also comprises the NZ Marine Industry Training Organisation and NZ Marine Export Group, and owns and runs the annual Auckland On Water Boat Show which next takes place from 26 to 29 September 2013.

Switch One DesignMaritimo M50Henri-Lloyd Dynamic Range

Related Articles

Emirates GBR storm to top of event leaderboard
After Day One of SailGP Portsmouth debut Hometown glory for Dylan Fletcher's Emirates Great Britain SailGP Team as they lead the fleet after a picture perfect opening day of the Emirates Great Britain Sail Grand Prix | Portsmouth.
Posted today at 6:52 pm
2025 Admiral's Cup RORC Channel Race kicks off
The key today, as with the entire Admiral's Cup, is consistency The RORC Channel Race started in light downwind breeze in the central Solent with a flooding tide. The spinnaker start for the 30 Admiral's Cup boats, in tight formation with the tide, would have had nerves jangling on board.
Posted today at 6:00 pm
SailGP Portsmouth: Brits nail it on Day 1
Olympic Gold medalist Dylan Fletcher led his team to top the leaderboard after Day 1 The French team broke their wingsail before the start of Race 1 and are likely to be out of the regatta before it starts.
Posted today at 5:31 pm
Youth and collegiate sailors to have their night
The 20th running of the Ida Lewis Distance Race starts on August 15 The saying goes that "everyone has their day"; however, for youth and collegiate sailors competing in the 20th running of the Ida Lewis Distance Race it's how their overnight goes on Friday, August 15, that will count.
Posted today at 4:14 pm
Emirates GBR tops Impact League standings
SailGP team wins second focus area - Accelerating Inclusion SailGP has announced the winners of the second Focus Area of its industry-leading Impact League - Emirates GBR SailGP Team - as the home-team and defending Impact League champions get set for an epic weekend of racing in Portsmouth, July 19-20.
Posted today at 1:15 pm
Gran Canaria, World Wingfoil capital again
Cementing its place on the global stage of nautical sports For the third year in a row, Gran Canaria cements its place on the global stage of nautical sports as it hosts a key event on the Global Wingsports Association (GWA) World Tour: the Gran Canaria GWA Wingfoil World Cup 2025.
Posted today at 12:00 pm
Peter Burling on his new directions
Peter Burling, three times America's Cup winner, has embarked on his mid-life sailing renaissance. Peter Burling, three times America's Cup winning helmsman, and recently departed Emirates Team NZ has embarked on his mid-life sailing renaissance. This week in Cowes – he is covering two of those events.
Posted today at 11:36 am
Admirals' Cup: Old rivalries take centre stage
The keen rivalry between North Sails and Doyles steps up another level in the revived Admirals' Cup “The one thing for sure is the North/Doyle rivalry hasn't calmed down. Many think we've actually thrown some fuel on the fire. There's plenty of rivalry in the cell making brands, that's for sure.”
Posted today at 8:58 am
Cape 31 Med Circuit Round 4 at Imperia Day 1
Two races sailed in light and tricky conditions The Cape 31 fleet kicked off racing in Imperia with two races sailed in light and tricky conditions, demanding patience and precision from teams across the board.
Posted today at 8:08 am
Long Beach Olympic Classes Regatta day 5
Wind gusting to 18 knots on day one for the Skiffs, Boards and Multihulls At the top of their classes, competitors got Long Beach's finest on Thursday, wind gusting to 18 with waves and sunshine....perfect conditions. The steady offshore breeze and classic Long Beach conditions will deliver tight races between competitors.
Posted today at 4:13 am