International marina conference under way in Australia

Author:
Updated:
Original:

Under the banner of "new horizons," the Marinas 2011 International Conference and Exhibition opened today in Australia.

“Delegates and exhibitors have been expressing their satisfaction with the conference program and with having 45 exhibitors to discuss business with. Allowing for the number of day delegates, the MIAA expects there will be 300 participants in Marinas 2011 by its close on Wednesday,” president of the Marina Industries Association of Australia president Andrew Chapman said in a statement.

The keynote address was delivered by Joe Ueberroth, president of Bellwether Financial Group Inc. He used a “choppy waters” analogy to describe the investment environment in the United States and beyond.

In such an environment, Ueberroth said, investments should focus on quality over growth, and he identified four factors to consider when investing in a global sense.

The first is demographics, specifically the aging population, and the need to factor it into investment decisions. The second factor was government deficits. Although he said the problem is far greater in countries such as Greece, the United States and Japan, even in Australia the government is spending more than it is earning. The third consideration he mentioned was inflation. He said inflation is here to stay and that an asset built today will be more expensive to build tomorrow.

The final factor he mentioned was technology and how it is changing the way we do business and how businesses interact with customers. For example, he said, there are 5.2 billion cell phone subscribers across the world, and consumers now have far greater access to information about businesses and the business environment.

Ueberroth was cautiously bullish about the marine sector, organizers said. Although the cycle for new-boat purchases is depressed, he sees the aging of the population as a long-term positive. Constraints on the supply of new marinas will continue to help those with existing assets. He said new marina investments should focus on location, quality and capable people to be successful.

Related

ABYC Foundation Seeks Nominations for Educator Award

The award recognizes “an outstanding instructor who is shaping future marine service technicians.”

P.R. Firm Rushton Gregory Signs ePropulsion

The Chinese manufacturer of electric propulsion products introduced a standardized lineup earlier this year.

Dometic Updates Pro-Trim System

The new design allows boaters to trim the outboard and adjust the jack plate without removing their hands from the wheel.

Brunswick Partners with Carnegie Robotics

Through the alliance, Brunswick aims to enhance its autonomous technology offerings.

Nicole Vasilaros to Depart NMMA

The group credits the senior vice president of government and legal affairs for “countless contributions to the protection and expansion of the recreational boating industry.”

Site Unseen

A website is often the first interaction a customer will have with a dealership, but it must provide more than an online brochure or they will click elsewhere.

C.G. Amends Documentation Rules

Federally documenting a boat now must be done every five years, rather than annually.

The 2021 Top 10 Most Innovative Marine Companies Awards

The marine industry consistently honors products and people. The industry, however, has not recognized forward-thinking companies that are moving the industry in new directions. Soundings Trade Only’s mission is to reflect, inform and inspire.