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Displaying items by tag: Marine Industry

#MarineIndustry - With Ireland's maritime industry definitively outperforming the general economy since the global financial crisis began, "reliable statistics" on the sector are needed to understand how the health of our waters and coastline affects the country as a whole.

That's the impetus behind new research being conducted by the Socio-Economic Marine Research Unit (Semru) at NUI Galway, together with Teagasc, to determine the indirect impact of Ireland's marine economy on the country's broader growth, as the Irish Examiner reports.

The collaboration has already produced what they call the Bio-Economy Input-Output Model, which studies the connections between Ireland’s marine and agriculture sectors and the rest of the economy – and has indicated that for every €100 in marine sector turnover, another €78 is generated across other economic sectors.

With those kinds of results, it's no surprise that Ireland's waters and coastline are being embraced as "a national asset providing incredible opportunities for tourism, energy, food and new applications for therapeutics and technology,” according to Marine Institute chief executive Dr Peter Heffernan.

“We’re building marine research infrastructure that will support and promote the development of the technology we need to harness that energy," he added. "We’re in an ideal position to become a leader in the development of ocean energy technology.”

Indeed, this prime time for Ireland's renewable energy potential was the spur for a UCC spin-out company to license a new financial modelling and analytics tool for the offshore wind and tidal power sectors.

Exceedence Ltd, founded and led by Dr Ray Alcorn, will now bring to market the ExceedenceFINANCE solution, developed by software engineers, financial analysts, industry specialists and researchers in the Marine Renewable Energy Ireland (MaREI) centre at UCC Beaufort.

“Our software analyses the viability of potential renewable projects and helps to make intelligent decisions on where and when these projects should proceed," explains Dr Alcorn.

The software is designed to help "a wide range of stakeholders" from State agencies, investors, engineers and developers "to create renewable energy infrastructure that can address the need for low or no-carbon energy within Ireland and abroad", according to University College Cork’s VP of research and innovation, Prof Anita Maguire

"This technology is very significant for the blue economy, in Ireland and internationally. We are delighted to see Exceedence develop commercially with the objective of supporting the marine industry and ultimately creating jobs.”

Published in Power From the Sea

#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

#LondonBoatShow - The UK's domestic boat sales market is heading back towards pre-recession levels, according to marine leisure industry body the British Marine Federation.

Releasing its latest data to coincide with last week's London Boat Show, the BMF points out that the marine sector is now in a "bullish mood" at home, thanks to the support of a strong export market.

A whopping 7.7% increase in overseas trade in 2012/13 - primarily to the continent and the United States - helped drive overall revenue up by 1.7% for the same period, for a total of almost £3 billion.

The BMF also cites strong demand for boats manufactured in the UK, and forecasts for builds and sales are up, with almost half of companies across the reporting better business.

Indeed, the federation's figures show that 48% of leisure marine businesses increased turnover between May and November last year.

BMF chief executive Howard Pridding said the federation is "confident that 2014 will welcome a new period of sustained growth for the sector" that has "exported its way back into growth".

Published in Marine Trade

#bootdusseldorf – The World's biggest yacht and watersports show is well on course for another successful showing ealry next year with boot Düsseldorf proving to be a safe haven in turbulent economic times. The yacht and watersports industry is concentrating its trade fair activities increasingly on the sector's international marketplace and filling the exhibition halls there. 1,650 exhibitors from over 50 countries will be premiering boats and presenting new products at the world's biggest yacht and watersports show from 19 to 27 January 2013. boot 2013 looks all set to pick up where its successful predecessor left off.

"We're well on course. In view of the tense situation on the international markets and particularly in southern Europe, all eyes of the industry are now on boot," says Goetz-Ulf Jungmichel, Director of boot Düsseldorf. "Numerous exhibitors want to book extra space. We are confident that the 17 boot halls will be filled pretty well to capacity and expect plenty of innovations and boat premieres and even a number of new arrivals from the international yacht scene."

The German boat and watersports market is currently "standing firm", according to the German Marine Federation (BVWW) in Cologne. It is proving to be in a much stronger state than its European neighbours, which applies particularly to the Mediterranean region strongly affected by the European debt crisis. boot Düsseldorf is benefiting from this scenario and has become the industry's premier choice.

Exhibitors are pinning their hopes on a continuation of German consumers' buying mood and on the roughly 50,000 foreign visitors with money to spend who travel to boot Düsseldorf from all over the world every year to find out all about the latest innovations in the boat and yacht sector.

International brand diversity

Roughly 40 per cent of those participating in boot 2013 will be coming from outside Germany. Some 650 foreign exhibitors from well over 50 countries are contributing to the highly international quality of what's on show at the trade fair centre. The biggest foreign contingent is the Netherlands with 140 exhibiting boatyards, equippers and service providers, followed by France and Italy each with 50 exhibitors, the United Kingdom with 30 and Austria 26.

International brand diversity is being bolstered by joint participations of leading boatbuilding nations. The UK, Finland, France, the Netherlands, Poland and Hungary have registered with joint stands.

Magnificent selection of sailing vessels

According to the BVWW, customers are currently showing a preference for value-retaining upmarket motor and sailing yachts. But there is also demand for trailerable motor boats. At boot 2013, the customer has a huge choice. In 11 exhibition halls, 440 exhibitors will be showing some 1700 boats and yachts of all sizes, ranging from canoes to large luxury yachts.

There is a magnificent selection of sailing boats under the boot 2013 umbrella. Over 150 international exhibitors will be presenting their premieres and further-developed products in Halls 16 and 17. Devotees of multihull vessels should make a detour to neighbouring Hall 15 where 15 exhibitors will be showing catamarans and trimarans of all sizes. The small but select segment of multihulls has come along very well in the last two years and is being given its own food & drink area at boot 2013, which will also offer space for meetings with customers and exchanges of information. On the Multihull Forum stage, the German association of multihull sailing boats Multihull Deutschland e.V. will be presenting information on sailing with catamarans and trimarans.

World market for motorised leisure boating

In the motor boat and motor yacht sector, Düsseldorf is offering almost everything that's available on the market, ranging from inflatable boats with outboard motors via open sports boats, day cruisers and cabin cruisers to large yachts. In a total of six halls, more than 250 boatyards, brokers and importers will be providing a representative overview of motorised leisure boating. Hall 4 is responding to the trend towards environment-friendly drives. On an area of 1600 square metres, boats with electric and hybrid drives will be on show at boot 2013. Steel yacht building, a Dutch speciality, is being jointly presented by a total of 20 exhibitors in Hall 15.

Run on refits

Everything one needs for and on boats – marine electronics, engines, accessories, functional clothing and marina equipment – can be found in Halls 11 and 12. The equipment market is in excellent shape. "Refit" is the buzz word, and there is currently strong interest in maintaining the value of existing boats. 350 international exhibitors are offering everything that's necessary and possible for smartening up boats and furnishing them more luxuriously.

Curtain up for large yachts

Hall 6 is the dazzling showcase for large, luxury yachts. For the big names in the world of large yachts – the likes of Ferretti, San Lorenzo, Princess and Riva – there's no alternative to boot Düsseldorf even in difficult times. With some 40 large yachts coupled with high-end boats and tenders plus a number of first-time and returning exhibitors, the standard of offering in large yacht Hall 6 has clearly stabilised. The new and established participants include such boatyards as Montefino, Marquis Yachts and Prestige. In the extra-large yacht sector, Sunseeker, Princess, Acico and Ferretti will be entering the stage with a broad array of models and novelties. The biggest yacht at boot 2013 is roughly 30 metres long and comes from the UK-based Princess boatyard.

To enhance brand diversity, boot is offering its customers the chance to present themselves at image stands. Leading boatyard exhibitors like Mangusta and Dominator from Italy and Gulcraft from the United Arab Emirates are seizing the opportunity. Computer-aided applications like augmented reality, with the aid of which exhibited items such as yacht models or images can be supplemented with virtual yacht animations via smartphone cameras, can be used in this form of "yachtless" presentation to supplement the existing range of information.

The blue motion lounge in Hall 6 is available to high-calibre customers from the industry as a business and shopping zone. It comes with high-quality catering, comfortably furnished areas for meetings with customers and negotiations, and shopping opportunities in exclusive boutiques. Exhibitors from the luxury retail trade will be present with jewellery, watches and exclusive interior decoration.

Excellently booked, as always, is Düsseldorf's Superyacht Show in Hall 7a. 100 exhibitors will be demonstrating their skills in the realisation of exclusive yachtbuilding projects, showing current plans and models at information stands and reporting on sector-specific services. The joint exhibitors here include Deutsche Yachten, Superyacht France and the Holland Yachting Group.

High level of bookings for diving

The world's biggest scuba diving show under the boot umbrella in Hall 3 is recording lively interest. Overall, some 350 exhibitors will be presenting diving equipment and diving destinations worldwide. Big-name exhibitors from the equipment sector like Aqua Lung are extending their presentations, and Mares is coming with its international diving centres to Düsseldorf. Visitors can expect marked growth in the offering of the trade and an abundance of exciting scuba diving destinations. On large joint stands, the Philippines, Maldives, Indonesia and Italy will be publicising their qualities as diving destinations. Small diving bases from Egypt are presenting themselves under the taucher.net umbrella.

Underwater photography now supplemented by the Watersports Photo and Video Center

The theme of underwater and outdoor photography in Hall 4 has developed very well. The Underwater Pixel World will be known as the Water Pixel World at boot 2013. This successfully established forum for underwater photography is now being supplemented by the Watersports Photo and Video Center with its brand-new action and outdoor cameras and will thus become the point of convergence for the entire leisure and sport photography world.

Experience 360° of watersports: 16 theme and adventure worlds

Under the motto "Experience 360° watersports", 16 theme and adventure worlds will await boot visitors next January. Those who practise watersports – anglers, surfers, kiters, divers, sailors paddlers or charterers – or wish to get to know a watersport will find their own special "world" at boot Düsseldorf.

This concept has been very well received. The numerous opportunities for trying out watersports in the exhibition halls attracted more young people and families to boot in the last three years.

boot 2013 will be offering international visitors this and more from 19 to 27 January daily from 10 am to 6 pm. Visitors can save time and money by purchasing boat admission tickets online. As a one-day ticket, the eTicket for adults costs EUR 14, EUR 4 less than over the counter. The two-day ticket is available for EUR 23. The ticket for a quick stroll through the exhibition centre – Monday to Friday from 3 pm – costs EUR 9 in the online shop. The tickets can be printed straight after purchase and used for free travel to and from the fair via the public transport network VRR (Verkehrsverbund Rhein-Ruhr). Tickets are available at www.boot.de.

Published in Marine Trade
Scotland's west coast will be home to the world's largest tidal power facility, it has been announced.
The £40 million (€45.9 million) 10MW tidal array, to be developed by ScottishPower Renewables in the Sound of Islay, will generate power for more than 5,000 homes.
Scottish Cabinet Secretary for Finance John Swinney, who signed off on the deal, described the project as "a milestone in the global development of tidal energy".
"Scotland's seas have unrivalled potential to generate green energy, create new, low carbon jobs, and bring billions of pounds of investment to Scotland," he said.
The project comes in tandem with the consultation process for the Scottish government's National Marine Plan, intended to highlight the best opportunities for investment across all marine industries.
Energy & Environmental Management has more in the story HERE.

Scotland's west coast will be home to the world's largest tidal power facility, it has been announced.

The £40 million (€45.9 million) 10MW tidal array, to be developed by ScottishPower Renewables in the Sound of Islay, will generate power for more than 5,000 homes.

Scottish Cabinet Secretary for Finance John Swinney, who signed off on the deal, described the project as "a milestone in the global development of tidal energy".

"Scotland's seas have unrivalled potential to generate green energy, create new, low carbon jobs, and bring billions of pounds of investment to Scotland," he said.

The project comes in tandem with the consultation process for the Scottish government's National Marine Plan, intended to highlight the best opportunities for investment across all marine industries. 

Energy & Environmental Management has more on the story HERE.

Published in Power From the Sea

The sales team at MGM Boats have now completed the necessary training to qualify for membership of the  Association of Yacht Brokers and Agents (ABYA). In line with the steady expansion of its Brokerage department MGM say they are committed to keeping the code set out by the association.

ABYA endorse a strict Code of Practice that has been specifically written for conducting the business of yacht brokerage. ABYA also run a Practical Yacht Brokerage Courses. This allows members to keep up to date with both legal and technical aspects of boat sales, ensuring their credibility both to the client and within the legal system.

The Association of Brokers and Yacht Agents (ABYA) exists to promote the highest standards of professionalism and expert knowledge in the field of yacht sales, and expects high standards of its members. Membership is only open to existing practising brokers and new boat sales personnel with a proven track record in the industry. For all grades of membership there is rigorous scrutiny of the applicant's work. A Continuous Professional Development scheme exists to ensure that members update their knowledge regularly, and Members' work is monitored on a regular basis.

The Association holds regular training Seminars and Forums in house and maintains close contact with other professionals in the marine industry such as Law firms and Insurance houses, many of whom are "partners" to the Association. All members are required to carry Professional Indemnity insurance.

Published in Marine Trade
24th September 2009

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Published in General

Coastal & Marine Tourism

According to the National University of Galway (NUIG) research the average expenditure per coastal day trip in 2018 was calculated at €95. The equivalent for coastal overnight trips was €310. The estimated water-based activity expenditure per person per trip across the sample was €56 rising to €73 for the subsample that actually undertake waterbased activities on their coastal visits. The results also indicate that domestic tourists undertake the majority of their marine activities on the West and South coasts of Ireland and that there are notable differences in participation rates across age groupings, social classes and by family makeup.

A domestic tourist is defined in this report as a person who spends at least one night away from home on their trip. Total expenditure by domestic tourists in coastal areas was estimated to be €698 million in 2018, which represents 35% of the total expenditure by domestic tourists (using the broader Fáilte Ireland measure for domestic tourists that includes business trips equating to 10.92 million in total trips and €2,006 million in total revenue).

The marine related activity expenditure, or what might truly be referred to as domestic marine tourism, is estimated to generate revenue of €381 million with €172 million being spent on water-based activities. Marine tourism makes up an estimated 19% of total domestic tourism expenditure.

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