sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : New Zealand’s $350 million role in the 2013 America’s Cup
New Zealand’s $350 million role in the 2013 America’s Cup


'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©

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.

NZ Marine’s Peter Busfield speaks to guests and media at Emirates Team New Zealand’s base in San Francisco - America’s Cup -  NZ Trade & Enterprise Representative   Click Here to view large photo
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.

Louis Vuitton Cup Final, Day 6, Emirates Team New Zealand Vs Luna Rossa -  Gilles Martin-Raget: AmericasCup©   Click Here to view large photo


by Sail-World

  

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

http://www.sail-world.com/index.cfm?nid=113692

8:47 PM Mon 26 Aug 2013GMT


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

Click for further information on
2013 America's Cup
2013 Auckland On the Water Boat Show

Related News Stories:

26 Aug 2013  America's Cup: New report raises more questions on measurement ruckus
26 Aug 2013  Louis Vuitton Cup: Am-Cam Video from Final Day and Red Bull Practice
26 Aug 2013  Louis Vuitton Cup: Images of the Day from ashore and on the Bay
26 Aug 2013  Louis Vuitton Cup: No fogging contest - Challenger is chosen
26 Aug 2013  Louis Vuitton Cup: Emirates TNZ win the right to go up against Oracle
26 Aug 2013  Louis Vuitton Cup:Emirates Team NZ have consecutive trophy wins
26 Aug 2013  Louis Vuitton Cup: Images of Emirates Team NZ celebrations
26 Aug 2013  Louis Vuitton Cup: Emirates Team NZ confirmed as Challenger
26 Aug 2013  Louis Vuitton Cup Race 7 - Luna Rossa on the brink
25 Aug 2013  Louis Vuitton Cup final - Images of Luna Rossa by Carol Borlenghi
MORE STORIES ...






News - USA and the World



































































Women’s Match Race Golfe du Morbihan - Light wind opener in Vannes
International Moth Worlds: Rashley ahead as Aussies close in
ISAF Youth Match Racing Worlds - American unbeatable on day 1
RS Feva World Championships - All set at Yacht Club de Carnac
ISAF Rolex World Sailor of the Year Awards - Nominations now open
BIC Techno 293 Worlds - Steady winds on day 2 + Video
29er North American Open Championship - Qualifying series wraps up
Opening ceremony O'pen Bic World Cup, Travemunde Week, Germany
Six Metre Europeans - Wind fails to make an appearance on day 2
Edgartown Race Weekend - Let the sailing (and good times) begin
ISAF Youth Match Racing World Championship - Action commences July 23
International Moth Worlds - Mothballed on day 4 + Video
Spirits high as Team Alvimedica completes Transatlantic crossing
Gladwell's Line: A change of direction needed in the America's Cup *Feature
29er North American Championship - Day 1 in Kingston
Red Bull 49erFX: First look at the Olympic sailing venue at Rio
Fuerteventura Kiteboarding Grand Slam - Classic conditions on day 3
NYYC Race Week Part II images by Rolex/Daniel Forster
Drowning or electric shock? What you need to know to help save a life
BIC Techno 293 Worlds 2014 - Day 1
Six Metre European Championship - Blazing sunshine on opening day   
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   


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