Commercial marine operates largely behind the scenes, but a national report has highlighted just how important the industry has become to Australia’s economy.
Presented at the Australian Commercial Marine Conference, the research by AEC Group estimates Australia’s commercial marine sector contributes more than $50 billion in economic activity annually, supports more than 137,000 jobs and generates more than $25 billion in national economic output.
The research also found commercial marine is Australia’s largest marine industry by economic contribution, exceeding the recreational boating, cruise and superyacht sectors.
Raptis Investments Director Arthur Raptis said the findings highlight the importance of ensuring Brisbane has the infrastructure needed to support future growth.
“People rarely think that much about the commercial marine sector,” he said.
“But it’s a very valuable and diverse industry supporting tourism, transport, construction, maintenance, marine services and thousands of jobs across Australia.”
The research identifies water transport as the sector’s largest contributor, while marine tourism alone accounts for more than $2.2 billion in direct economic activity.
Arthur said Brisbane was entering an exciting period for commercial marine.
“Our city is investing heavily in its waterfront and creating more reasons for people to visit the Brisbane River,” he said.
“To support that growth, operators also need somewhere to permanently berth vessels, maintain them, provision them and run their businesses efficiently.
“People see the cruises, the charters and the tourism experiences, but they don’t often consider where those vessels operate from each day.
“Without that operational backbone, it’s much harder for businesses to invest and expand.”
Attendees at the conference were told the research was undertaken to increase awareness of the sector for key decision makers, build government support and recognition, strengthen advocacy and funding initiatives, and secure funding for infrastructure investment.
“As Brisbane grows into a more connected River City, supporting and celebrating commercial operators isn’t just good for the marine industry,” Arthur said.
“It’s good for tourism, jobs, transport and the city’s future.”
