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

 

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

Pontoon Boats are a hit with families and entertainers by Sanctuary Cove International Boat Show,










Glacier Bay returns to Australia, re-launching at SCIBS by Sanctuary Cove International Boat Show,








Singapore Yacht Show 2014. Boats to make your eyes pop. by Guy Nowell, Sail-World Asia, Singapore










Power to the people at Sanctuary Cove International Boat Show by Sanctuary Cove International Boat Show,


SCIBS VIP lounge back bigger and better in 2014 by Sanctuary Cove International Boat Show,




Singapore Yacht Show 2014. And another thing… by Guy Nowell, Sail-World Asia, Singapore
































Mondo Marine invests in Chinese shipyard
Aqualuma partners with ASMEX 2014 for Welcome function
Kaohsiung to welcome the world for 1st Taiwan International Boat Show *Feature
Changed boating conditions for ski race on Clarence River
Royal Victoria Cup - Cable, Hockney and Shipley victorious
Channel 7 stage returns to Sanctuary Cove International Boat Show
Hainan Rendezvous: suffering from a hangover?
Palm Beach International Boat Show shows healthy attendance
Brisbane Tinnie & Tackle Show - this weekend!
Coastal infrastructure and species loss - Climate Change consequences *Feature
rescueME PLB1 – safety assured in one compact, light package *Feature
Japan's Antarctic whaling program harpooned
All Marine Spares hits the boat show trail in a trailer *Feature
Royal Victoria Cup to take place this weekend
Rowers and ferry masters encouraged to share waterways safely
Go crazy about whales in a special family fun day at the museum
New generation trawler boats - tradition with a twist
Arvor releases new Sportsfish range
AIMEX focuses on commercial show in Asia
Further Australian growth for Stabicraft
Southport Yacht Club will host a free 'Discover Sailing Day'   
Melbourne Boat Show earlier this year - 12 to 16 June   
FinScan digital switching fitted to new rescue vessels   
Kids' Zone a drawcard at Brisbane Tinnie & Tackle Show   
Brisbane Tinnie & Tackle welcomes Engel as stage sponsor   
BIAV appoints new GM   
Trash to Treasure - A seafood story   
Amazing Whales – Evolution and survival opens tomorrow   
Maritime Alert - Dangerous conditions forecast for NSW boaters   
PWC riders brave South Island waters raise $93,000 for melanoma fight   
Solar1 Monte Carlo Cup to take place this July   
12 weeks til Melbourne Boat Show   
First deadline for SCIBS exhibitors looms March 24   
Paul Burt, boating guru, is the face of Sanctuary Cove Boat Show   
Marine Industry loses a loyal servant: Vale Gunter Bruckner   
Positive pass mark for new venue   
Couran Cove signs lease deal with Hope Island Marina   
Phones outpace PCs and TV as preferred device   
UIM Awards Giving Gala - Stefano Casiraghi Memorial Trophy for RYA   
Grand Prix of Qatar - World champ claims victory on home waters   


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