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Great Barrier Reef Commercial Marine Conference Unveils National Economic Impact Study

New Study Highlights the Economic Contribution of Australia's Marine Industry

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

A significant highlight of the event was the launch of the Australian Commercial Marine Economic Impact Study (EIS).

Presented by Ashley Page, CEO and Principal Economist at AEC Group, the study quantifies the direct and indirect contributions of the commercial marine industry to both national and state economies. With over two decades of experience supporting the marine sector, Page provided insights into the industry's substantial economic footprint.

The conference, sponsored by Tropical Reef Shipyard, facilitated discussions on collaboration opportunities and strategies to bolster the commercial marine sector in the Great Barrier Reef region. The unveiling of the EIS is expected to inform policy decisions and investment strategies, emphasising the industry's pivotal role in Australia's economy.

Published:Monday, 20th Apr 2026
Author: Paige Estritori

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Finance News

Club Marine Introduces Land-Based Insurance for Race Boats

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Club Marine, Australia's leading provider of recreational boat insurance, has expanded its offerings to include specific coverage for race boats while they are on land. This development comes through a new partnership with the Australian Offshore Powerboat Club (AOPC), aiming to address the unique insurance needs of race boat owners. - read more

Great Barrier Reef Commercial Marine Conference Unveils National Economic Impact Study

20 Apr 2026: Paige Estritori

The inaugural Great Barrier Reef Commercial Marine Conference was held in Cairns on 11 March 2026, bringing together 50 industry leaders, operators, and suppliers to discuss the future of Australia's commercial marine sector. A significant highlight of the event was the launch of the Australian Commercial Marine Economic Impact Study (EIS). - read more

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Australian Insurers Coordinate Response to Middle East Conflict's Economic Impact

12 Apr 2026: Paige Estritori

In light of escalating tensions in the Middle East, the Australian insurance sector is proactively coordinating efforts to mitigate potential economic repercussions for policyholders. The Insurance Council of Australia (ICA) has activated its board strategy committee, comprising senior industry executives, to develop a unified response to the challenges posed by the conflict. - read more

Australian Commercial Marine Industry's Significant Economic Contribution Revealed

04 Apr 2026: Paige Estritori

The Australian Commercial Marine Group (ACMG) has unveiled a comprehensive Economic Impact Statement (EIS) that underscores the substantial role of the commercial marine sector in the nation's economy. The study reveals that the industry contributes $25.16 billion to Australia's Gross Domestic Product (GDP) each year and supports 137,262 full-time equivalent jobs nationwide. This significant contribution highlights the sector's vital importance to the country's economic landscape. - read more

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Great Barrier Reef Commercial Marine Conference Unveils National Economic Impact Study

New Study Highlights the Economic Contribution of Australia's Marine Industry

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