Ocean, Gold Coast, Queenland, Australia.

New study shows value of Superyachts to Australian economy

A new report outlining the current state of the Superyacht industry in Australia, along with a detailed projection of future benefits to the country – has been published by Ocean Magazine.

Along with key turnover figures & forecasts for the various sectors relating to Superyacht visits to Australia – the report features interviews with stakeholders who are calling on the government to relax legislation and cut red tape – in the hopes of encouraging more of the luxury yachting market to head ‘Down Under’.

The study took six months to complete and captured primary data from industry participants right throughout the supply chain, and, for the first time, establish an accurate and reliable picture of the sector and its growth potential.

We’re calling for the Australian government to fix our legislation, so foreign superyachts have freedom to charter here, like they do in New Zealand.Ms Edwards
Superyachts Australia

Data was collected around the three core components of the superyacht sector – design and construction of new vessels, operations and maintenance of vessels for private leisure, and charter operations (covering domestic and overseas vessels) – as well as the economic impact of tourism expenditure from visitors undertaking other activities in Australia either side of their cruise, and expenditure brought into Australia from overseas crew when they are not actively working.

The full report and analysis, with comments from government and industry will appear in the May issue of Ocean magazine.

An online version of the report:
Ocean Magazine

Footnote: Contact Seal Superyachts Australia for detailed information about cruising in Australian waters, superyacht charter regulations and about how we can support your visit. Principle agent Steve Sammes has been proud to have acted as agent for many of the Superyachts which have come to visit.

Contact Steve Sammes at australia@seal-superyachts.com to discover more about the potential of cruising Australasian waters.