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Fitzroy Yachts closure


ab1974

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No they have nothing. Just finishing off work, if they haven't already yet. YDL had a few small jobs that was going to take them not much further than about now'ish as well. Cooks don't have a great deal going on. It's not good all over at the mo.

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i am very surprised at the lack of comment on this topic.

 

This is the beginning of the End of you Super yacht building industry in NZ and nobody cares?

 

From my knowledge of the European market it appears that NZ is just to far away and to expensive for new builds.

 

The recession in Europe has seen many yards cut costs to become "world competitive" and keep volumes fluid. This has seen other yards down under lose much work.

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for sure the currency situation does not help, but I think the key reason is very simple, the people (or their companies) who would normally build these superyachts in general aren't spending and the used market is saturated. Even perennial Alloy spec client Neville Crighton does not have one on the go which speaks for his view of the market.

On the other hand if you can find the right niche, distance/currency does not always appear to have an influence - consider Dashew's FPB series being built in Whangarei. They are finishing off the last of 10 64's, the 97 is progressing well, Dashew's own 78 has just commenced and there is a second 78 to follow. All good news for Northland.

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For sure the niche is important however the FPB thing is probably closer to a cult than a niche.

Be that as it may Dashew chose NZ and has stuck with it which is fantastic for my old home town.

The new market is clearly oversupplied. However the refit business appears to be booming in Auckland despite the currency.

Hopefully the rest of the new build guys hang in there. Imagine was out at Rakino on the weekend and that has to be one of the prettiest of these beasts.

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They certainly add flavor to the waterfront.

 

If the farmer can get subsidized and assistance, at just about every level and "weather" influenced issue, (drought/flood...) then the Govt should help out here.

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This is the beginning of the End of you Super yacht building industry in NZ and nobody cares?

We all care, but what can "we" do about it??? Us making a noise about it will do nothing.

If the farmer can get subsidized and assistance, at just about every level and "weather" influenced issue, (drought/flood...) then the Govt should help out here.

That is only in extreme cases and that is completely different anyway. No point in trying to prop up an industry that is now dead in the water. Propping any Industry up has to be only if that Industry could continue on it's own two feet and make the country a good return. If it is dead, then it is dead.

There are a whole raft of reasons why the Industry is in the current shape it is. As Darkside has stated, some players with big money have tightened their purse strings. Other countries have entered the market and are building quality product. And yes our Dollar is high. And I am sure there are many other reasons also.

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New Zealand farmers don't get any assistance unless its drought or flood.

I guess letting industries sink or swim is an approach that I can understand even if not agree with. What I cannot understand is why John Key pulls certain industries out of the hat for support and not others. His favorites are Film making, Casinos, Tourism and Americas Cup everything else can get stuffed.

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What I cannot understand is why John Key pulls certain industries out of the hat for support and not others. His favorites are Film making, Casinos, Tourism and Americas Cup everything else can get stuffed.

All big earners is some way shape or form to the County as a whole. Just like Farmers and why they get Drought/Flood bail outs. It's all income to the country, not just internal money changing.

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New Zealand farmers don't get any assistance unless its drought or flood.

I guess letting industries sink or swim is an approach that I can understand even if not agree with. What I cannot understand is why John Key pulls certain industries out of the hat for support and not others. His favorites are Film making, Casinos, Tourism and Americas Cup everything else can get stuffed.

Dairy Farmers get dispensation in many areas. They have been given extended allowance t meet the CO2/methane emmisions. They have been given extra time to clean up their nitrate emmisions into rivers. They have been given huge allowance to take water from rivers.

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