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The Queensland government’s effort to become a superyacht hub for the Asia Pacific region have passed a huge milestone with the opening of new facilities on the Gold Coast. Sanctuary Cove Marina and The Boat Works have both completed significant expansions, which has seen an investment of $12 million and $100 million, respectively. The projects are as aesthetically pleasing as they are practical, and the creation of a new one-stop-shop for superyachts on the Gold Coast has already attracted a steady stream of yachts.
Adventure, curiosity, and a thirst for something new are key components of any superyacht itinerary. So, when an entirely new possibility opens itself up, it is natural to expect that Captains, owners, and charterers will want to be among the first to discover it. This is being seen in Australia following the passing of new legislation last December to allow the charter of foreign flagged vessels. Superyacht Australia has released new data that shows positive results for superyacht visitation, starting with one particularly high-profile case…
Since opening in February 2020, the state-of-the-art expansion works of the Superyacht Yard at Gold Coast-based The Boat Works has attracted several of the region’s standout superyachts. A A$100m investment has primed the shipyard to welcome vessels of up to 50m in the 25 acre site (catering for 50 x Superyachts throughout the Marina, Hardstand and Superyacht Refit Sheds), and the bespoke, luxury service has already earned glowing testimonies from clients
During a weekend of Australia Day celebrations David Good, CEO of Superyacht Australia, met with Superyachts.com to discuss a watershed moment that carries the potential to double the size of the Australian superyacht industry. The passing of a new Special Recreational Vessels Bill has opened the country up to the charter of foreign flagged vessels, marking the end of a long struggle to break free from shackles which had impeded the industry from reaching its full potential. The impact of this cannot be overstated, and a renewed air of optimism is sweeping across all corners of the industry here in Australia.