Please select your home edition
Edition
Marine Resource 2016

Strong mining exports bode well for recreational boating - Qld and WA

by Jeni Bone on 15 Jan 2013
Mackay Marina Mackay Marina
Despite conservative predictions for the mining sector in 2013,iron ore prices raced to a 8-month high in the last days of trading for 2012 after data showed that stockpiles of the commodity at China’s ports continued to fall. Even if you don’t have shares, it’s positive news for recreational boating.

According to Mining.com, the benchmark import price at China's Tianjin rose by 5%, the highest since end-April, and up 65% from September lows.

According to SteelIndex, December was the strongest month since April 2009, when the market data firm first began tracking daily spot prices.

This picture is very different from the one just a few months ago when analysts including the respected Bureau of Resources and Energy Economics, the Australian government's official forecaster, were predicting a dire performance for 2012 (average $123/tonne) and this year ($101/tonne).

Locally, marine industry pundits confirm there is a correlation between the good fortunes of the Australian mining sector and recreational boating, 'though not as strong as its relationship with housing and construction', points out Don Jones, CEO of Marine Queensland.

Jones, who has forged close links with the Queensland mining companies and contractors, and has launched the Mackay Boat Show in response to north Queensland demand for boats and marine products, says that when the construction industry prospers, sales are strong.

'That is true especially with trailerable craft,' he explains. 'When tradies are employed and the housing market is buoyant, boat sales follow.'

Impacting on boat sales in Queensland is the Fly In, Fly Out custom, which means boats and cars have less appeal as personnel are transient. Then there's the latest initiative of mining companies: compulsory financial advice for employees and contractors, which Jones believes may be deterring people from buying such toys!

'Miners still love their V8s, PWCs and boats especially around Mackay, Gladstone and Townsville, but they are being encouraged to be more prudent in their purchases,' says Jones, suggesting the big companies are preparing their people for the predicted bust that invariably follows the boom.

'That certainly has dampened sales in these regional centres, but they are still pretty strong.'



Jones surmises that WA may enjoy some added support for boating with the isolation and fewer facilities in the West.

Lisa Coyle , General Manager at BIA WA asserts that mining in that state is powering on, as is the housing and construction market, which is only growing, and the correlation is strong.

'The Fly In, Fly Out phenomenon is not having the impact it may be having in Queensland,' she says. 'Jet skis and PWC and trailerable pleasure boats and fishing boats are in demand from this market.'



She adds: 'There is plenty of development happening all over the state and the resources boom is still going strong. House prices and rentals are high, and demand is rising with 3,000 people a month moving to WA. Consumer confidence is growing, and while people are still conservative, thanks to a negative mainstream media, they are starting to spend.'

And while boat registration figures are rising annually, averaging 5-15% growth each month, manufacturing is in a slump and many builders are either diversifying or closing down.



'Importing is killing the local industry. Many in the recreational boating sector in WA are hanging on by either doing work for the gas and oil sector up north, or doing fitouts.'

The mining sector is vital to the WA boating scene. The BIA WA promotes its marine events and boat shows through RedFM and the charter flight companies’ magazines.

The bi-annual Rottnest Convoy - March and November - attracts around 60 boats and Coyle reveals that '50% of people involved are miners, the Fly In, Fly Out market. The event is marketed to new boaters looking to learn the skills and meet people.'

Bakewell-White Yacht DesignWildwind 2016 660x82Colligo Marine 660x82

Related Articles

Rio 2016 - America's Cup champ says Paralympic racing is closest ever
Twice America’s Cup champion, Rick Dodson is extremely impressed with the standard of racing in the three man Sonar Twice America’s Cup champion, Rick Dodson is extremely impressed with the standard of racing in the three man Sonar keelboat class at the 2016 Paralympics in Rio de Janeiro. The regatta is being held in Guanabara Bay on three of the courses used for the Olympic Sailing Regatta in August.
Posted on 13 Sep
Debriefing the Rio 2016 Olympics with Team USA’s Helena Scutt
I talked with Team USA’s Helena Scutt to hear about her Olympic experience, and to learn more about her post-Rio plans. The 49erFX was introduced to Olympic circles when it replaced the Women’s Match Racing event following the 2012 Games. Not surprisingly, it drew high-performance sailors for the Rio 2016 Olympics, including Team USA’s Paris Henken and Helena Scutt. While Henken and Scutt were Olympic first-timers, they put on a strong show. I caught up with Scutt to hear more about her Olympic experience.
Posted on 8 Sep
A Q&A with Peter Bresnan ONE Palma’s founder and director
Sail-World interviewed ONE Palma’s founder Peter Bresnan to learn about the company’s partnership with McConaghy Boats For the past eight years, ONE Palma (formerly OneSails Spain) has been building a strong name, first as a sailmaker and later with refit work. Recently, ONE Palma and McConaghy Boats-legendary boatbuilders who have crafted some of the planet’s fastest sailboats-entered a business partnership. I caught up with Peter Bresnan, ONE Palma’s founder and director, to learn more about this new direction.
Posted on 2 Sep
America's Cup - Emirates Team NZ train late on the Waitemata Harbour
Emirates Team NZ were out for a training session that ran into the early Thursday evening. Emirates Team NZ were out for a training session that ran into the early Thursday evening. The team were sailing their recently launched AC45 Surrogate test boat which features an articulated rudder gantry - taking the AC45 close to the geometry of the AC50 to be used in the 2017 America's Cup.
Posted on 1 Sep
Dateline Rio - Sailing Olympics review - as good as it gets?
The Rio Sailing Olympics was widely judged to have been the best of recent times. The Rio Sailing Olympics was widely judged to have been the best of recent times. The weather was better than Weymouth and Qingdao, the courses more varied, but from a working media perspective, it was the people running the Rio regatta who really made the difference.
Posted on 26 Aug
Rio 2016 - Plain speaking by triple-medalist on Olympic sailing moves
Triple Olympic medalist, Santiago Lange has been on the sharp end of changes made to Olympic classes and formats Santiago Lange, a six-time Olympian and Bronze medallist in the 2004 and 2008 Olympics, won his third medal – Gold sailing in the Nacra 17 class. With that length of experience at an Olympic level, having sailed the Laser, Tornado and now Nacra 17 classes his comments on the future shape of the Olympic regatta was one of the highlights of the Medallists Media Conferences.
Posted on 25 Aug
An Q&A with Steve and Heidi Benjamin about the NYYC’s 2016 Queen’s Cup
Sail-World caught up with Steve and Heidi Benjamin to learn more about Heidi’s historic win in the NYYC’s Queen’s Cup. When it comes to U.S. Grand Prix sailing, it’s hard not to encounter the names of Steve and Heidi Benjamin. The two highly polished sailors have been successfully campaigning their series of yachts, named SPOOKIE, for years, starting first with a Carkeek 40 and progressing to their TP52. I caught up with Steve and Heidi to learn more about Heidi’s historic win in the NYYC’s Queen’s Cup
Posted on 19 Aug
Rio 2016 - Images of the penultimate race in the Finns - Scott wins
Sail-World's Richard Gladwell was on the water for the final race of the Qualifying Series of the Mens Finn Sail-World's Richard Gladwell was on the water for the final race of the Qualifying Series of the Mens Finn, in what potentially could have been Giles Scott's (GBR) Gold medal winning race. In the end, the current world champion won in style.
Posted on 15 Aug
Rio 2016 - Images from the Mens RS:X Medal Race
Sail-World's NZ Editor, Richard Gladwell, was on the water at the Medal Race for the RS:X class Sail-World's NZ Editor, Richard Gladwell, was on the water at the Medal Race for the RS:X class won before the race by Dorian van Rijsselberghe (NED) without needing points from the Medal Race. Nick Dempsey (GBR) was second on a similar basis.
Posted on 15 Aug
Rio 2016 - Sailors talk of Life at the Extreme on the Atlantic Ocean
Certainly the Volvo Ocean Race catchcry of Life at the Extreme is not a phrase associated with the Sailing Olympics. The 470 crews were suffering the mixed emotions of survival of an extreme test by nature, the cold, and for some elation at their placings, after Thursday's battle for survival. In conditions that looked more out of the Volvo Ocean Race, than an Olympic sailing regatta, crews battled 20kt plus winds and Atlantic Ocean rollers that towered up to four metres.
Posted on 13 Aug