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Australia's marine industry has achieved a remarkable economic milestone, reaching an output of $229 billion in 2023. This represents a 19% increase compared to two years prior, as reported by the Australian Institute of Marine Science (AIMS). The surge is primarily attributed to the resurgence of domestic tourism and the expansion of the natural gas sector. - read more
The Boating Industry Association Ltd (BIA) is calling on all levels of Australian government to provide strategic support for the nation's marine manufacturing and recreational boating sector. The association warns that a critical skills shortage is threatening the industry's substantial economic potential. - read more
Austal Limited, a prominent Australian shipbuilder, has secured a $100 million loan from Export Finance Australia (EFA) to support the expansion of its shipbuilding operations in Mobile, Alabama. This funding is designated to enhance Austal's construction capabilities for U.S. Navy and Coast Guard vessels. - read more
The Australian government's plan to establish a strategic fleet of Australian-flagged ships has encountered significant delays, missing its initial deadline to announce the first vessels. This fleet is intended to bolster the nation's maritime resilience by providing vessels that can be requisitioned during crises or emergencies. The delay has sparked concerns among industry experts about Australia's growing vulnerabilities in trade and national security. - read more
Buying your first boat is an exhilarating experience, a gateway to adventure on the open water. Whether you're dreaming of leisurely weekends on tranquil lakes or exciting voyages along scenic coastlines, owning a boat opens a world of possibilities. However, as thrilling as it is to imagine navigating the waterways, it's crucial to navigate the financial aspects of boat ownership with equal enthusiasm. - read more
Welcome to your ultimate guide on boating safety! Whether you're a seasoned sailor or setting out on the water for the first time, ensuring a safe adventure is of utmost importance. There's no denying the thrill of being out on the open sea or a serene river, but it's essential to remember that preparation is key. - read more
Boat compliance in Australia is a crucial aspect for any boat owner or enthusiast. It refers to adhering to a variety of regulations designed to ensure safety, environmental protection, and operational standards for all kinds of vessels. Understanding and following these regulations is essential not only for the safety of those on board but also to protect Australia's unique marine environments. - read more
Welcome to our guide on boat compliance in Australia! If you're an Australian who's keen on embarking on boating adventures or seeking financial advice for boat loans, you've come to the right place. - read more
Knowledgebase
Volatility: A statistical measure of the dispersion of returns for a given security or market index. Higher volatility indicates higher risk.