Burdensome rules crimp yacht industry in Chinese city - Trade Only Today

Burdensome rules crimp yacht industry in Chinese city

Author:
Updated:
Original:

The yacht-manufacturing industry in Xiamen, China, has seen $48 million in exports, accounting for almost 33 percent of the total figure in China.

But although the manufacturing sector flourishes, boating has become a “bottleneck for the whole industry in the city due to its cumbersome procedures,” WhatsOnXiamen.com quoted the Xiamen Yachting Industry Association as reporting.

China lacks integrated policies and regulations for yachting management, so boating has to conform to shipping rules.

The cumbersome procedures have put a chill on boating in the city, making the more than 200 yachts berthed in the Wuyuan Bay Yacht Dock almost docked “ornaments” year-round, according to the Xiamen Road & Bridge Yachts Development Co.

Xiamen has pushed its yacht industry forward in recent years with the use of the Xiamen Xiangshan International Yacht Club and Wuyuan Bay Yacht Dock. Now it plans to build five or six docks to drive a new wave of growth in its yacht industry.

Click here for the full report.

Related

Yanmar Brings Diesel Power to Wake Boat Segment

Engine manufacturer offers first fully integrated diesel option in partnership with Nautique.

GOST Unveils Updates Ahead of FLIBS

Marine security leader teases updated interface and more powerful satellite tracking antennas.

Virtual Edition of Metstrade Boat Builder Awards Announced for 2020

The awards will acknowledge challenges and resolve of the marine industry during the pandemic.

Mercury Marine and Beneteau Partnership Goes Global

Beneteau buyers around the world will now have Mercury for a power option.

Quick Hits: October 23, 2020

Brunswick pontoon facility earns award; Kemah Capital enters marine.

Brunswick Corp. Appoints New President

Aine Denari is an automotive industry veteran with vast experience in leading-edge mobility systems.

Menhaden Quotas Reduced

Sportfishing groups applauded the move, saying it will help rebuild the striped bass population.

Winnebago Reports Q4, Fiscal 2020 Results

Revenue grew 18.6 percent for the year to $2.4 billion.

Quick Hits: October 22, 2020

Tiara Yachts honors top dealers; Smoker Craft donates to MRAA; ICOMIA issues state of the industry.