Please select your home edition
Edition
Barz Optics - Kids range

Strong mining exports bode well for recreational boating - Qld and WA

by Jeni Bone on 15 Jan 2013
Mackay Marina Mackay Marina
Despite conservative predictions for the mining sector in 2013,iron ore prices raced to a 8-month high in the last days of trading for 2012 after data showed that stockpiles of the commodity at China’s ports continued to fall. Even if you don’t have shares, it’s positive news for recreational boating.

According to Mining.com, the benchmark import price at China's Tianjin rose by 5%, the highest since end-April, and up 65% from September lows.

According to SteelIndex, December was the strongest month since April 2009, when the market data firm first began tracking daily spot prices.

This picture is very different from the one just a few months ago when analysts including the respected Bureau of Resources and Energy Economics, the Australian government's official forecaster, were predicting a dire performance for 2012 (average $123/tonne) and this year ($101/tonne).

Locally, marine industry pundits confirm there is a correlation between the good fortunes of the Australian mining sector and recreational boating, 'though not as strong as its relationship with housing and construction', points out Don Jones, CEO of Marine Queensland.

Jones, who has forged close links with the Queensland mining companies and contractors, and has launched the Mackay Boat Show in response to north Queensland demand for boats and marine products, says that when the construction industry prospers, sales are strong.

'That is true especially with trailerable craft,' he explains. 'When tradies are employed and the housing market is buoyant, boat sales follow.'

Impacting on boat sales in Queensland is the Fly In, Fly Out custom, which means boats and cars have less appeal as personnel are transient. Then there's the latest initiative of mining companies: compulsory financial advice for employees and contractors, which Jones believes may be deterring people from buying such toys!

'Miners still love their V8s, PWCs and boats especially around Mackay, Gladstone and Townsville, but they are being encouraged to be more prudent in their purchases,' says Jones, suggesting the big companies are preparing their people for the predicted bust that invariably follows the boom.

'That certainly has dampened sales in these regional centres, but they are still pretty strong.'



Jones surmises that WA may enjoy some added support for boating with the isolation and fewer facilities in the West.

Lisa Coyle , General Manager at BIA WA asserts that mining in that state is powering on, as is the housing and construction market, which is only growing, and the correlation is strong.

'The Fly In, Fly Out phenomenon is not having the impact it may be having in Queensland,' she says. 'Jet skis and PWC and trailerable pleasure boats and fishing boats are in demand from this market.'



She adds: 'There is plenty of development happening all over the state and the resources boom is still going strong. House prices and rentals are high, and demand is rising with 3,000 people a month moving to WA. Consumer confidence is growing, and while people are still conservative, thanks to a negative mainstream media, they are starting to spend.'

And while boat registration figures are rising annually, averaging 5-15% growth each month, manufacturing is in a slump and many builders are either diversifying or closing down.



'Importing is killing the local industry. Many in the recreational boating sector in WA are hanging on by either doing work for the gas and oil sector up north, or doing fitouts.'

The mining sector is vital to the WA boating scene. The BIA WA promotes its marine events and boat shows through RedFM and the charter flight companies’ magazines.

The bi-annual Rottnest Convoy - March and November - attracts around 60 boats and Coyle reveals that '50% of people involved are miners, the Fly In, Fly Out market. The event is marketed to new boaters looking to learn the skills and meet people.'

Pantaenius - Worldwide SupportGuy Nowell - Yellow 660GAC Pindar

Related Articles

Pantaenius – Smooth sailing is more than a favourable weather forecast
Pantaenius get ready to launch into their fourth year operating in Australia As Pantaenius get ready to launch into their fourth year operating in Australia, we get to see why they continue to grow their happy crew of customers. Sitting down with Pantaenius Australia’s MD, Jamie MacPhail, you immediately get a sense that the smooth sailing is a direct result of both their unique product and the marketplace’s willingness to embrace the better mousetrap
Posted on 27 Apr
Pantaenius Insurance - Gone in 180 seconds!
It was all ablaze and we were off in just on three minutes”, was how Noel Elliott described the scene 'It was all ablaze and we were off in just on three minutes”, was how Noel Elliott described the scene you see here. “The most horrendous thing is how quickly all the wiring burns. Remember, on a boat you’re encased in the stuff. It’s a bit like being in a single garage with wires in all the roof and wall cavities, as well as the floor.”
Posted on 20 Mar
Pantaenius Insurance - Close is more than deep enough for some.
As the sun finishes its day low behind the Nelson Bay marina, many a soul gathers above the rocks at the weigh station As the sun finishes its day low behind the Nelson Bay marina, many a soul gathers above the rocks at the weigh station. They could be local, from nearby or way farther afield and it is definitely not a sense of the macabre that draws them in. Rather, it is fascination and wonder, because for the sweeping majority, this is as close as they will ever get to Mother Nature’s marvels of the deep.
Posted on 14 Mar
Seabin- Saving the world, one marina at a time
Now and then you hear of an idea that’s so jaw-droppingly simple and yet so effective that it makes you shake your head Every now and then you hear of an idea that’s so jaw-droppingly simple and yet so effective that it makes you shake your head and wonder, ‘why not me’? Such is the case with the Seabin project, an automated marina rubbish bin that was designed to help remove plastic and other unsightly debris from the water.
Posted on 8 Jan
Eco-warriors Sea-Bin crowd sharing critical stage with nine days to go
The automated marina cleaning SeaBin project has raised 86% of their target with 9 days left. The automated marina cleaning SeaBin project has raised $198,020 of $230,000.00 with nine days left on their Indiegogo crowdfunding platform, but they need more help now.
Posted on 29 Dec 2015
Don’t be a Tosser – Not your usual environmental article!!
The word ‘Tosser’ in the Oxford English dictionary means – ‘a person or thing that throws something’. The word ‘Tosser’ in the Oxford English dictionary means – ‘a person or thing that throws something’. There is no need for me to tell you the other meaning that is commonly used around the world. However in this article it will refer to both at the same time as someone who tosses trash into the ocean, truly is a tosser.
Posted on 3 Dec 2015
Pay attention, YOU can make a difference to the marine environment!!
THIS is a life exam subject and when you reach the Pearly Gates, your results today will count towards your destination OK, Sit up and pay attention, THIS is a life exam subject and when you reach the Pearly Gates, your results today will count towards your final destination
Posted on 16 Nov 2015
Flash and Crack is not a new pop band
To anyone who has been on an airliner hit by lightning, the flash and crack of the strike are vivid memories. To anyone who has been on an airliner hit by lightning, the flash and crack of the strike are vivid memories. It certainly gets your attention and when you land, all the technicians definitely run to the aircraft and give it a very close inspection. So now that we have heightened your senses, let us all remind ourselves that a lightning strike is not always fatal,
Posted on 15 Nov 2015
Scheduled server maintenance - 23 September GMT+2 11pm onwards
Scheduled server maintenance - 23rd September GMT + 2 11pm onwards Scheduled server maintenance - sites will be unavailable for some hours between 11pm and 7am GMT + 2
Posted on 23 Aug 2015
Pantaenius Insurance – How good does it get?
Insurance may not be the buzzword. There is not unobtanium for keels, spinach enhanced sails or vibranium fuel cells Insurance may not be the buzzword. There is not unobtanium for keels, spinach enhanced sails or hulls of cut diamond and vibranium fuel cells powering arc reactors to rave on about. No. It is numbers, facts, risk and documentation. Boring? No. Quite the contrary if you happen to have put your boat up on a reef or Hughie blows it off its mooring, smashes her through everything in sight...
Posted on 29 May 2015