Maritime: Fleet revamp offers boon for boat builders
ry Italian boats — but it has left more room for the development of cheaper and smaller boats,” said Zhang.
“It’s been perfect timing for us to develop our sales of official or military boats, and we have gradually expanded into the commercial boats market.”
The burgeoning official boats market has also helped boost a new generation of builders, which includes Aurora (Dalian) Yachts Co Ltd.
According to Wu Yanshen, Aurora’s business department manager, demand since 2010 has been driven by the country’s fisheries administration and by bodies involved in maritime surveillance, such as port authorities and coast guard.
“This increased requirement by the central government means a number of law enforcement bodies have been placing orders, often with specific requirements.”
Older glass fiber reinforced plastic designs, he said, are being replaced with the very latest aluminum-alloy designs, he said.
The replacement of aging tugboats and pilot vessels by port authorities has been particularly welcome, said Wu, for what has been a sluggishChinese shipbuilding industry with few signs of a recovery in recent years.
“These new aluminum-alloy pilot boats are not onlymoreenvironmentally friendly but also more efficient. Ports have been seeking newways to revive their businesses and by introducing these aluminum-alloy boats, efficiency is greatly improved, allowing more ships to be berthed.”
With few 10 million-yuan-plus ($1.6 million) super luxury boats on display this year, organizers of the Shanghai boat show, who set aside an area highlighting official boats used over the past 20 years inChina’s waters, reported a 43 percent rise in the number of smaller yachts less than 8 meters in length being presented at the event.
According to the China Association of the National Shipbuilding Industry, yachts shorter than 8 m make up 94 percent of market share in the United States, the world’s biggest. Yachts with length ranging between 8mand 13maccount for 4 percent of US market share, while luxury vessels represented less than 2 percent of sales.
“People in the US do not buy yachts to show off their wealth,” said Thom Dammrich, president of the National Marine Manufacturers Association of the US, who was in Shanghai recently.
“More often, the middle class and richer people consider yachts as a means of family recreation. The growing number of smaller boats on show here (in Shanghai) demonstrates how the yacht market is now developing in China.”
Navico (Suzhou) Trading Co Ltd, a specialist in marine electronics and a leading supplier to the recreational fishing, power boating and sailing sectors, was exhibiting at the show, and officials said it had witnessed a 50 percent rise in demand in China.
Huang Xiaodong, its business development manager, called the current market sentiment “extremely good”.
“There were already 90 million fishing aficionados in China as early as 2004, but that number has multiplied over the past decade.
“We think at least 10 percent of these people have bought their own fishing yachts, priced around 200,000 yuan for general water fishing, or500,000yuanto 1 millionyuan for deep sea fishing,” saidHuang.
“Most of them could be categorized as belonging to the rising Chinese middle class.” Contact the writer at email@example.com