Since the closure of international and state borders, the superyacht maintenance industry has provided a bright spot for the Queensland economy.
At the start of 2020, a significant number of vessels were repositioning from the Mediterranean and Caribbean to the Pacific ready for the now-postponed Tokyo Olympics and the upcoming America’s Cup in New Zealand. From March, Australia and particularly Queensland, saw a huge increase in enquiries for refit and maintenance work because of COVID-19.
“Vessels brought forward their next two years’ worth of planned maintenance when it became obvious that guests would not be able to travel and enjoy the use of the vessels for some time,” David Good, CEO of Superyacht Australia explained.
“Since March, Queensland has seen 19 vessels inject $16 million including $9.95 million in refit and maintenance.”
Queensland is a major refit and maintenance provider for superyachts in the Asia–Pacific region, with eight separate facilities employing 2,300 highly skilled tradesmen.