CLIPPER'S $9M WINDFALL FOR COAST

Written on the 3 January 2012

CLIPPER'S $9M WINDFALL FOR COAST

THE Gold Coast’s ailing marine sector will get an estimated $9 million boost as the Clipper Round the World Yacht Race fleet docks for repairs.

Marine tradesmen will refit and repair the fleet following damage and wear caused during 28,968km of sailing, including the harrowing Southern Ocean leg.

Race organisers scheduled the Gold Coast stopover as a midway point in the 11-month race because of the facilities on offer at the world-class Gold Coast Marine Precinct.

The maintenance and repair program will be part of an economic injection for the Gold Coast, which also includes accommodation for crew and supporters, and preparing the boats for the 8000km leg to Singapore.

Re-provisioning the boats alone will cost $40,000 for the race to Singapore and the fleet will stock up with 5000 litres of diesel.

The Boat Works’ 45 tonne sea lift – a first of its kind in the southern hemisphere – will bring the 68 foot ocean racers to hardstands. The lift boasts dual hydraulic fingers which allow both vertical and horizontal adjustment with pressure adjustable cushioning airbags.

Boat Works’ general manager David Whyte, says the multi-skilled services include tradesmen proficient in everything from anti-fouling to engineering, upholstery, sail work – ‘a whole gamut of marine services’.

“We’ll be lifting and setting the yachts on the hardstand for works, water blasting and cleaning the hulls,’’ he says.

“The fleet will have been through some heavy going so significant maintenance such as sail and equipment repair will be expected.”

The Gold Coast Marine Precinct hosts some of Australia’s premier industry suppliers.

In addition to maintenance technicians, the precinct includes luxury fibreglass boat builders, aluminium small craft manufacturers, outboard motor and diesel engine distributors, engineers and repair companies.

According to the Gold Coast City Council Industry Survey 2011, around third of companies at the Gold Coast Marine Precinct describe their core business as services, while 26.7 per cent list manufacturing and 15.8 per cent retailing.

Gold Coast City Council’s Chair of Economic Development Councillor Susie Douglas, says the Clipper Race Series is the perfect way to showcase the city’s marine sector.

“The Gold Coast has 260kms of navigable waterways - more than Venice - and we have one of the highest boat ownerships per capita of population in Australia,’’ says Cr Douglas.

“There is more than 2300 staff employed full time in our marine industry which includes some of Australia’s leading luxury craft manufacturers and service groups. Our marine workforce is among the best skilled in Australia and the Clipper fleet will head off to Singapore with confidence.’’

Key marine centre facts
• 646 actively trading businesses
• 49.1 per cent of precinct businesses receive revenue from online trading
• 35.8 per cent of revenue comes from interstate
• Estimated annual revenue of $419.9 million
• Median age of businesses is 14.5 years
• 10 per cent of companies export products
• One-third of the core business activity is in services


Latest News

VIDEO INTERVIEW: TAKING ON THE TELCO GIANTS AND HOW TO COMPETE AGAINST HEAVYWEIGHTS LIKE TELSTRA

THEY'RE one of only four licenced mobile carriers in Australia, and Pivotel Group is taking on the likes of te...

COMMUNITY LAWYERS ON FUNDING CRISIS: BUDGET WAS A DECENT START, BUT MORE NEEDS TO BE DONE

While the Federal Budget may have reversed its initial plans to cut funding from community legal services nationwi...

DREAMWORLD UNDER 'REVIEW' BY OWNERS ARDENT LEISURE AS ACTIVIST INVESTORS PUSH FOR BOARD POSITIONS

DREAMWORLD owner Ardent Leisure (ASX: AAD) is considering the future of the theme park which may be redeveloped or so...

MAKE WAY FOR THE 'PANTSCRAPER', A TWIN TOWER SET TO CHANGE MELBOURNE'S CITYSCAPE

MELBOURNE'S skyline is about to transform following the construction of a $1 billion luxury high-rise in the city...

Related News

COMMUNITY LAWYERS ON FUNDING CRISIS: BUDGET WAS A DECENT START, BUT MORE NEEDS TO BE DONE

While the Federal Budget may have reversed its initial plans to cut funding from community legal services nationwi...

REGIONAL BANKS HIT OUT AT RATING CUT AND WARN BIG FOUR WILL BENEFIT

REGIONAL banks have hit out at a downgrade on their credit ratings, warning that it will increase their wholesale fun...

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaig...

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter