sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery

 

Sail-World.com : Can Boat Shows ride out credit crunch storm?

Can Boat Shows ride out credit crunch storm?

'Crowds at London Boat Show in 2007'    onEdition ©    Click Here to view large photo

The Boat Show season gets into full swing as a series of major events open across Europe. The Barcelona show opens this weekend, 9 November, followed by Athens on the 15 November and METS opens in Amsterdam on the18 November.

All will be closely watched for signs of any cutback in attendance and more importantly in order levels - Are the crowds buying or just looking? As the Credit Crunch storm continues to gather pace.


In the UK, where two shows now vie for attention, making three in all with the summer Southampton show. The first will be the Sail, Power & Watersports Show at the traditional Earls Court venue at the end of November, followed straight after the New Year by the London Boat Show at the newer ExCel venue.

With the Credit crunch hitting the high street shops and big-ticket items such as cars struggling to maintain market share and profitability, all eyes will be on these events to gauge the likely health of the boating industry over the coming year.

The US and recently Europe have seen a string of company closures and retrenchment in the face of falling order books. Conflicting signals are being seen with general uncertainty as to just how hard the developing recession will prove to be.

Raymarine, the UK-based marine electronics firm warned that like-for-like sales for the nine months ended September 30, 2008 were down by 8.5 per cent compared to the same time last year and that since then a 'rapid deterioration' in its markets. And stated that recently there had been indications by boat builders around the world that they will be building significantly fewer boats both this year and in 2009.

But, Germany's largest yard, Bavaria Yachtbau under new CEO Andres Cardenas, are bucking the downward trend, and has announced its intention to increase production to 3,000 units a year in a bold anti-cyclic move in economically difficult times. Bavaria will expand their product portfolio and hit the market with new boats. Sixty per cent of the production will be sailing yachts and 40 per cent powerboats.

Not such upbeat news for Germany's third-largest yacht builder, Dehler Yachts. The goverment of the German state of NorthRhine-Westfalia has offered a bank guarantee to keep them afloat. Only last January, Dehler was expanding when it acquired the Belgian Etap yard.

In contrast to the mainly contraction news from the US, Palmer Johnson Yachts indicated that it would be expanding its US facilities into other parts of Wisconsin and neighbouring Michigan. The company said that it has quadrupled production in the past three years and that its current facilities were operating at maximum capacity. Palmer Johnson has also announced plans to build a new facility at the former VT shipyard in Southampton, UK, to service the European market.

The UK’s Select Yacht Group Ltd of Wadebridge in Cornwall, has not been so lucky. The company builds and sells Cornish Crabbers and Shrimpers, as well as the British Hunter Link 30, has gone into voluntary liquidation.

Managing Director Frank Colam claimed that the Inland Revenue came in and demanded money instantly, forcing the liquidation move. The British Hunter Link 30, which made its show debut at the Southampton show this summer, attracted a lot of interest but the financial climate meant that those interested were playing safe. 'Southampton was awful,' said Colam. 'Interest in the Link 30 was huge but a lot of potential buyers were looking to sell first.'

And that could be the silver lining for the customer with cash in his pocket. There will be bargains to be had, shifting product the name of the game. I doubt that the stands at Earls Court will be festooned with - Sale/Everything Must Go - signs but some sharp deals will be available and Christmas could be a little early this year.


The Sail, Power & Watersports Show at Earls Court opens on Wednesday 26 November and runs until Sunday 30 November 2008.

The London International Boat Show returns to ExCeL from 9 to 18 January 2009.




by Gerald New

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=50574

7:16 AM Fri 7 Nov 2008 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
Yachting News

Related News Stories:

05 Jan 2013  The yacht club with no water.
11 Jun 2012  Yacht Club of Monaco-'New clubhouse new horizons,' says Prince Albert
11 Apr 2012  Yacht Club celebrates fifty years
25 Jan 2012  European Yachts of the Year: Beneteau, Oyster, Pogo and Esse
28 Jun 2011  What, actually, is a superyacht? Australia ponders
04 Jun 2009  OBE for Sailing Team Manager Stephen Park
03 Jun 2009  Leaders of world’s premier yacht clubs 'in the same boat'
01 Jun 2009  UK boat builders feel the stress
30 May 2009  Sailing Clubs named as Olympic Pre-Games Training Camp venues
29 May 2009  Queen and Duke of Edinburgh to visit WPNSA
MORE STORIES ...

News - USA and the World



























International Moth Worlds: Rashley ahead as Aussies close in by Mark Jardine / YachtsandYachting.com,




















International Moth Worlds - Mothballed on day 4 + Video by Mark Jardine / YachtsandYachting.com,




Gladwell's Line: A change of direction needed in the America's Cup *Feature by Richard Gladwell/Sail-World.com/nz,
















National Sailing Hall of Fame to present Lifetime Achievement Award
International Moth Worlds: Greenhalgh and Rashley tied at the top
PWA Pozo World Cup - Fantastic finale determines winners
Six Metre Class British Open Championship - Llanoria and Valhalla win
Anna Tunnicliffe set to compete at the CrossFit Games
America's Cup: Oracle Team USA holds foiling camp at Wangi SC
Volvo Ocean Race: Abu Dhabi OR completes double Atlantic crossing
Volvo Ocean Race: Team SCA has a 'pull through day' off the Canaries
No tiller sailing - how to steer using just the sails + Video
International Moth Worlds: Three bullets in a row for Greenhalgh
U.S. Junior Women’s Singlehanded Championship - Sophia Reineke wins
BIC Techno 293 Worlds 2014 - Day 0 Opening
Fuerteventura World Cup - Slalom action highlights day 2
2014 Governor's Cup - Sam Gilmour of RFBYC victorious again
Farr 40 West Coast Champ - Skipper Alberto Rossi leads Enfant Terrible
Flying Dutchman World Championships - Magyars are the Masters
Final day shakes up standings at Cape Panwa Hotel Phuket Raceweek
2014 -15 Volvo Ocean Race: Team Alvimedica pushing towards Southampton
NYYC Race Week - Saving the best for last
VX One North American Championship - Chris Alexander commands
2014 Cape Panwa Hotel Phuket Raceweek - Waiting game on Day 3   
International Moth Worlds: Thunderstorms delay racing on Day 1   
Fuerteventura World Cup - Impressive tricks on day 1   
2014 Governor's Cup - Two former winners in the finals   
America's Cup: Iain Murray explains reasons for Australian withdrawal *Feature   
Wilson and Roble remain number one match racers in U.S.   
2014 ISAF Youth Match Racing World Championship - Set to start   
PWA Pozo World Cup - Moreno twins dominate home spot   
ISAF Youth Worlds - Record breaking regatta in Tavira + Video   
Melges 32 European Championship - Robertissima remains out front   
Farr 40 West Coast Championship - Italians take one-point lead   
Melges 32 European Championship - Day 3 images by Carlo Borlenghi   
New York Yacht Club Race Week - Marstrom 32 fleet off to anxious start   
Melges 32 European Championship - Day 3 images by Max Ranchi   
CYC Race to Mackinac - Cruising fleet sets sail in 106th edition   
Team Alvimedica getting a touchup   
PWA Pozo World Cup - Plenty of drama on day 5   
ISAF Youth Sailing World Championship - Day 5 Videos   
NYYC Race Week - High performance classes put on shoreside show   
2014 Pacific Cup - 'Invisible Hand' the first boat to finish   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW US
LocalAds   DE  ES  FR  IT