> Powerboat-World.com
 
 
News Home Video Gallery Newsletters FishingBoating Features Photo Gallery Sail-World Australia Australian Cruising
MarineBusiness-World

 

Sail-World.com : It’s not all doom and gloom - Barry Cotter

It’s not all doom and gloom - Barry Cotter

'Bill Barry-Cotter admits the market is tough, but confident of the industry’s future.'       Click Here to view large photo

Industry leader Bill Barry-Cotter flatly rejects on-going rumours that the boating industry is facing nothing but doom and gloom.

'I’m not saying it’s easy out there, but the fall in value of the Australian dollar against the US greenback has certainly given exporters assistance,' he said.

Barry-Cotter, CEO of the award-winning Gold Coast yard Maritimo, returned last week from Italy’s Genoa International Boat Show.

'It was excellent for our company, with both boats on display, a 48 and a 52, sold at the show and we’re confident of another three following them.

'That’s not to say Italy is any easier – it’s been tough there for some time, more so perhaps than here in Australia,' he added.

As an exporter, Barry-Cotter is hoping the Aussie dollar will settle at about 70 cents (or lower) against the US dollar.

At time of writing it was trading a shade under 67 cents.

'Because we still buy raw materials and engines in from offshore, this could mean a price increase locally of some five percent, but in the US our retail boat prices will drop by better than 10 percent,' he explained.

'Dave Northrop, who heads our American operation, Maritimo USA, is very positive and feels ’09 is destined to be a very viable year.

'In fact, looking ahead I envisage the US could account for 60 percent of Maritimo production,' he added.

Barry-Cotter believes the Reserve Bank still needs to lower interest rates.

'Dramatically, none of this fractions of percent,' he declared.

'Don’t forget,' he added, 'the difference between buoyant times and depression is only about 10 percent.

'I do feel importers are going to face tough times – at present I would see local retail prices of imported US boats lifting by up to 20 percent.

'The single aspect all of us in the industry must come to terms with is the importance of price.

'No matter what some may think, it has been Maritimo’s experience that the final retail price is what will get a sale across the line.

'That is why I have curtailed customisation, why we manufacture so much in house, including propellers, it’s all aimed at beating the competition at the price barrier,' he said.

Barry-Cotter said the industry certainly was facing tough times, but the right approach will overcome any set back.

'Look, I’m not suggesting what we’re going through is any false alarm situation, things are indeed tight, but we shall survive,' he said bluntly.

'It was both hurtful and extremely disappointing that we were forced to cut back our staff levels, something we left until it was completely unavoidable.

'Bernie Fraser, formerly of the Reserve Bank, has said it could take 12 to 18 months before a return to complete normality.

'So what we’re doing here at Maritimo is working diligently and looking ahead 12 to 18 months,' he added.




by Bob Wonders

  

Click on the FB Like link to post this story to your FB wall

http://www.powerboat-world.com/index.cfm?nid=50124

8:24 PM Thu 23 Oct 2008 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.


Power Boat News







Predictwind helps you pick the best time to depart by Richard Gladwell Sail-World.com/nz,






























Understanding the Ocean's role in Greenland Glacier melt by Woods Hole Oceanographic Institution (WHOI),


Dangerous conditions for boating on entire NSW Coast by Transport Roads and Maritme Services,


Revealing report on Search for American yacht Nina released *Feature by Rob Kothe and the Sail-World team,












AYSS PacificNet/Tahiti voted a success! by Asia Pacific Superyachts,














Dangerous conditions forecast for NSW boaters
APSNZ appoints Duthie Lidgard as new MD
Whale freed from rope at Byron Bay
Tidal current installations will increase boating hazards
Dangerous conditions for NSW coastal boaters from Thursday
World premieres and national debuts for Sydney International Boat Show
Marine Auctions experiencing rising tide of interest *Feature
Tags reveal Chilean devil rays are among ocean's deepest divers
Auckland On Water Boat Show to hold world record attempt
Zodiac at Sydney International Boat Show 2014 – Australian
Gold Coast International Marine Expo - Exhibitor space filling fast
Ceramic coated exhaust manifolds reduce engine bay temps on superboat
Reminder of safe distance requirements for whales
Changes to Australian bass closed season
Fusion achieves industry-wide acceptance of FUSION-Link
BSE Brisbane Slipways open for business as normal
Honda’s everywhere at Sydney International Boat Show!
Fifth round of XCAT World Powerboat Series moves to China
Sly 43 - Making her Australian premier
Maritimo full of confidence following recent wins
Australia event cements its position as hosting 'the' marina party   
Up close and personal with whales on the Gold Coast   
SA Marina Day encourages South Australians to enjoy their marinas   
Southport Yacht Club raffle: Dusit Thani, BRIG Falcon, Marriott stay   
Enjoy the whale spectacle, just keep your distance   
The Dinghy Nav Light Solution- a brilliantly dumb idea   
Extension granted for salvage of a paddle steamer on the Murray River   
Sydney International Boat Show set to embrace new location   
Thermal imaging helping bulk carriers avoid collisions in port and in   
Third CYCA Solas Trusts grant to Australian Volunteer Coast Guard   
CruiseCraft adds Explorer 595 Hard Top   
Severe weather warnings prompt reminder to boat owners   
Be won over by the new Azimut 50   
Predictwind unlocks more features on free accounts   
Tammy Wolf and Mercury's Formula 2 Powerboat on to Divisional Champion   
Monaco Yacht Show 2014 - the biggest superyacht show ever   
Biggest Display ever and 18 launches at SIBS   
Gold Coast International Marine Expo helps Sailability grant FREEDOM   
Exhibitors heat up for Cannes Yachting Festival   
Benetti 108 tri-deck Tradition Supreme will launch in Cannes   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png   http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW PBW
LocalAds   DE  ES  FR  IT