Displaying items by tag: Boat Market

20th January 2015

Domestic Growth Offsets Difficult Export Boat Market Says UK Trade Body

#Trade - Irish yacht brokers were among a range of smaller firms enjoying some buoyant trade at last week's London Boat Show.

And it's this growth within the domestic UK and Ireland market that's keeping the marine industry afloat as Britain's export market faces another difficult year, according to the Guardian.

Domestic sales have offset an 8.7% fall in foreign sales revenues across the leisure boat, small commercial vessel and superyacht markets, claims trade body the British Marine Federation (BMF).

Taking the blame for this are continuing financial troubles in the eurozone and what the industry says is Westminster's failure to provide expected funding to the BMF to attract overseas deals at shows like London and beyond.

The trade body also points out that the renewed focus on domestic sales runs against the UK government's push towards manufacturing for export.

The Guardian has more on the story HERE.

Published in Marine Trade

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Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.