Lots of have watched the marine sector of our economy go by way of some pretty choppy seas in the last few decades, but are there far more to follow? Yes and no, and let www.sailtripmallorca.com inform you why. First, this sector normally gets hammered by the altering economic tides, and of course the occasional financial sector calamity – get in touch with it a Hurricane storm surge or Tsunami if you will. There is a definite ebb and flow to the marine and boating business. Nowhere is this much more evident than in the sport and luxury boat building sector in the US. Florida is all in when it comes to marine jobs and boat building, so let’s talk shall we?

The Herald-Tribune had an fascinating report posted on July 26, 2013 titled “Boat developing industry makes a comeback,” by Michael Pollick and I suppose the title sums up the data offered effectively adequate, but one has to ask why?

Initial, quite a bit of the luxury yacht sector has been siphoned off by Chinese boat builders and also Taiwanese – they have less expensive labor and industrial capacity and they’ve learned all of our technical know-how. Second, the 2008 economic tragedy was a super storm heard globally. China also has wealthy purchasers to acquire luxury boats and yachts, it is but another status symbol, and just as corporate jet sales will rise, that tide will raise all boat sales there too. So, will China sail away with our boating market as they have so many other sectors of our economy?

Tough to say, because in medium sized yacht market, it is a tough job to transport the completed items. Huge 100-foot plus yachts can be sailed across the ocean, or transported in the hulls of specialized boats and that tends to make sense for cost. Little sport boat vessels can be shipped in container variety ships or in auto-transport ships. The labor costs becoming what they are, give a substantial benefit, plus fewer regulations on suppliers, worker security challenges, boat painting EPA rules, and so forth.

Also plaguing the marine sector boat building market in Florida and elsewhere in the USA will be the ObamaCare rules and these insane rapidly increasing wellness care insurance costs. And not to place dark clouds on a good summer time sailing day, but there are headwinds ahead, so the sector will have to have to be careful how it handles all these future challenges. Also, with an anti-wealthy, class warfare, populist push by our leadership we can also expect far more use taxes on the horizon, luxury tax laws, to resurface as sea mines in the coming years. Please take into account all this and assume on it.