Thailand sees growth in its marine industry - Trade Only Today

Thailand sees growth in its marine industry

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Those involved in Thailand's boating industry say there has been a shift to more local buyers in addition to those who come from overseas to enjoy sailing the country's waters.

Majesty Yachts, which started a major sales campaign in Asia this year, said it has been “overwhelmed” by the response of local buyers.

“The sale of the Majesty 88 has now confirmed the importance of [Southeast] Asia for the sale of new boats to clients with an appetite for luxury yacht ownership, and we will continue our drive to be right at the heart of further developments in the region,” Majesty Yachts COO Erwin Bamps said in a statement. “We are convinced that [Southeast] Asia will be competing directly with the traditional cruising grounds of the West in the very near future, and our product range is ideally suited to these waters, and particularly to the aspirations of the potential clients who are based here.”

Several marina developments are in the planning stages on Phuket, including an extension at the Royal Phuket Marina. The Phuket International Boat Show will be held next March at the marina.

Nearby, Krabi is about to open a 100-berth marina as an extension of its Phuket-based property.

Informa Yacht Group, organizer of the Phuket boat show, is also experiencing growth.

“We had a 47 percent increase in the on-water display from 2010 to 2011 and a 25 percent increase in overall exhibitors; 2012 looks like seeing a similar increase,” the group said in a statement. “This is testimony to the stability and strength of the Asia-based buyer.”

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