- Extreme Weather Extends Shipping Times, Elevating Marine Insurance Risks
Extreme weather events are increasingly disrupting global shipping routes, leading to extended voyage times and heightened risks for marine insurers. In Australia, these disruptions are particularly concerning given the nation's reliance on maritime trade and the popularity of personal watercraft among enthusiasts.
- MIA Introduces Online Work Health & Safety Course for Marina Professionals
The Marina Industries Association (MIA) has unveiled a new online Work Health & Safety (WHS) Best Practice Course, specifically designed to address the unique risks and challenges faced by professionals in marina environments. This initiative underscores MIA's commitment to promoting safety and operational excellence within the Australian marina industry.
- Pelagic Risk Services Strengthens Commitment to Australian Marinas with Gold Sponsorship
Pelagic Risk Services, a specialist marine insurance broker, has recently elevated its support for the Australian marina industry by upgrading its sponsorship of the Marina Industries Association (MIA) from Silver to Gold.
- Sea-Doo Dominates Australian Marine Brand Searches in Q4 2025
As the Australian summer approaches, the marine industry has witnessed a significant shift in consumer interest, with Sea-Doo emerging as the most-searched marine brand in the fourth quarter of 2025. According to Retain Media's Q4 2025 Marine Market Brand Consideration Report, Sea-Doo captured 11.
- Starboard Maritime Intelligence Raises $20 Million to Advance AI Maritime Security
In a significant development for maritime security, Starboard Maritime Intelligence, a New Zealand-based company specializing in artificial intelligence solutions for ocean protection, has successfully closed a NZ$23 million (approximately AU$20.6 million) Series A funding round.
- Cyan Renewables Acquires MMA Offshore in AU$1.1 Billion Deal
In a landmark transaction within the marine industry, Singapore-based Cyan Renewables has acquired Australian offshore marine services provider MMA Offshore for AU$1.1 billion (approximately US$702 million). This acquisition represents the region's largest take-private deal in the offshore wind energy services sector, significantly enhancing Cyan's presence in the Asia-Pacific (APAC) region.
- Australian Managed Funds Experience Significant Growth in 2025
In 2025, Australian managed funds experienced a substantial increase of $35.9 billion, as reported by Calastone. This growth was primarily driven by investors seeking stability through fixed income strategies amidst global economic uncertainties.
- Australia Partners with Japan's Mitsubishi for $6.5 Billion Warship Fleet
In a landmark decision, Australia has awarded a AU$10 billion (US$6.5 billion) contract to Japan's Mitsubishi Heavy Industries for the construction of 11 Mogami-class frigates. This agreement signifies the most substantial defense industry collaboration between the two nations to date.
- Marsh Secures Role in Australian Navy's Maritime Insurance Program
Global insurance broker Marsh has been appointed by the Australian government to oversee the insurance and risk advisory components of the Royal Australian Navy's Maritime Insurance Program (MIP). This program is integral to the nation's extensive naval fleet expansion and infrastructure development initiatives.
- GT Insurance Provides Flexible Solutions Amid Trade Uncertainties
In response to recent shifts in global trade dynamics, GT Insurance is reaffirming its commitment to supporting Australian marine clients navigating these challenges.
- LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year
In a remarkable demonstration of Australia's thriving asset finance sector, Loan Market Group's Asset Finance Exchange (AFX) has reported approximately $80 million in settlements within its inaugural year. This achievement underscores the platform's effectiveness in connecting brokers and asset finance specialists, thereby streamlining the financing process for clients.
- AMMF Partners with AFG to Enhance Asset Finance Offerings
Australian Motorcycle & Marine Finance (AMMF) has joined the Australian Finance Group (AFG) panel, marking a significant expansion in asset finance options available to Australian brokers and their clients. This partnership is set to provide more tailored financing solutions for individuals interested in acquiring motorcycles, marine products, and related accessories.
- LMG's Asset Finance Exchange Achieves $80 Million in First Year
Loan Market Group's Asset Finance Exchange (AFX) has achieved a significant milestone, reporting approximately $80 million in settlements within its inaugural year. This accomplishment underscores the platform's effectiveness in connecting brokers and asset finance specialists, thereby streamlining the financing process for clients.
- Markel Insurance Expands into Australian Marine Market with New Leadership
Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, marking a significant expansion into the country's marine insurance sector. Based in Sydney, Wills will spearhead the introduction of Markel's marine products, starting with marine cargo coverage.
- Pelagic Risk Services Strengthens Partnership with Australian Marinas
Pelagic Risk Services, a specialist marine insurance broker, has announced an increased commitment to the Australian marina industry by upgrading its sponsorship of the Marina Industries Association (MIA) from Silver to Gold. This enhanced partnership underscores Pelagic's dedication to supporting marinas across the nation.
- Marinex Underwriting Debuts in Australian Marine Insurance Sector
Rhodian Group has announced the launch of Marinex Underwriting, a new marine underwriting agency set to address complex marine insurance needs across the Australian market. Backed by global specialty insurance distributor Amwins, Marinex is co-founded by industry veterans Janelle Karnib, Chris Kelly, and Ainsley Smith.
- Markel Insurance Expands into Australian Marine Market with New Leadership
Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, marking a significant expansion into the country's marine insurance sector. Based in Sydney, Wills will spearhead the introduction of Markel's marine products, starting with marine cargo coverage.
- Pelagic Risk Services Strengthens Commitment to Australian Marinas
Pelagic Risk Services, a specialist marine insurance broker, has announced an increased commitment to the Australian marina industry by upgrading its sponsorship of the Marina Industries Association (MIA) from Silver to Gold. This enhanced partnership underscores Pelagic's dedication to supporting marinas across the nation.
- Marinex Underwriting Debuts in Australian Marine Insurance Sector
Rhodian Group has announced the launch of Marinex Underwriting, a new marine underwriting agency set to address complex marine insurance needs across the Australian market. Backed by global specialty insurance distributor Amwins, Marinex is co-founded by industry veterans Janelle Karnib, Chris Kelly, and Ainsley Smith.
- Introducing Marinex Underwriting: A New Era in Australian Marine Insurance
Australia's marine insurance landscape has welcomed a significant new player with the launch of Marinex Underwriting. This specialised marine underwriting agency aims to address the complex insurance needs of the Australian marine sector, offering tailored solutions backed by global specialty insurance distributor Amwins.
- GT Insurance: Navigating Trade Challenges with Flexible Marine Insurance Solutions
In response to recent shifts in global trade dynamics, GT Insurance is reaffirming its commitment to supporting Australian marine clients navigating these challenges.
- Club Marine's Policy Enhancements: A New Wave of Coverage for Australian Boaters
Club Marine, Australia's leading provider of recreational boat insurance, has announced significant updates to its product disclosure statements (PDS), reflecting a commitment to better serve the evolving needs of Australian boaters.
- Hanwha's Stake in Austal: Australia's Conditional Approval
In a significant development for Australia's shipbuilding industry, the Australian government has approved South Korean conglomerate Hanwha's proposal to increase its shareholding in Austal Limited from 9.9% to 19.9%. This decision comes with stringent conditions aimed at protecting national security interests.
- Yamaha Tops Australian Marine Market Searches Ahead of Summer
As Australia gears up for the summer season, Yamaha has solidified its position as the most-searched marine brand in the country. According to Retain Media's Q3 2025 Marine Market Brand Consideration Report, Yamaha holds an 8.4% share of search queries, maintaining its lead from the previous quarter.
- South Australia Invests in Advanced Coastal Research Vessel
The South Australian government has committed $44 million in the 2025–26 State Budget to fund a new state-of-the-art coastal research vessel. This 37.7-metre vessel is designed to support a wide range of marine research activities, including fisheries, aquaculture, climate science, and oceanography.
- Australia's Marine Industry Surges to $229 Billion Economic Output
Australia's marine industry has demonstrated remarkable resilience and growth, achieving an economic output of $229 billion in 2023. This represents a 19% increase compared to two years prior, as reported by the Australian Institute of Marine Science (AIMS).
- Australia and Vanuatu Strengthen Ties with $325 Million Nakamal Agreement
In a significant move to bolster regional partnerships, Australia and Vanuatu have signed the Nakamal Agreement, a $325 million bilateral treaty aimed at enhancing economic, security, and cultural cooperation. Named after Vanuatu's traditional communal meeting place, the 'nakamal,' this agreement underscores the deepening ties between the two nations.
- Austal Limited Boosts U.S. Shipbuilding with $100 Million EFA Loan
Austal Limited, a prominent Australian shipbuilder, has secured a $100 million loan from Export Finance Australia (EFA) to enhance its shipbuilding operations in Mobile, Alabama.
- EU's Strategic Investment in Australian Critical Minerals
The European Union (EU) is set to make direct investments in Australian critical minerals projects, aiming to secure essential resources vital for industries such as artificial intelligence (AI) and defence.
- Strengthening Pacific Ties: The Nakamal Agreement
In a significant move to bolster regional partnerships, Australia and Vanuatu have signed the Nakamal Agreement, a $325 million bilateral treaty aimed at enhancing economic, security, and cultural cooperation. Named after Vanuatu's traditional communal meeting place, the 'nakamal,' this agreement underscores the deepening ties between the two nations.
- South Australia's Marine Ecosystem Under Threat
Since March 2025, South Australia has been grappling with a harmful algal bloom (HAB) that has significantly impacted marine life, local industries, and public health.
- Club Marine Recognised for Outstanding Service with 2025 Product Review Award
Club Marine, Australia's leading provider of recreational boat insurance, has been honoured with the 2025 Product Review Award for Insurance. This accolade is a testament to the company's unwavering commitment to customer satisfaction and service excellence.
- Markel Insurance Expands into Australian Marine Market with New Leadership
Markel Insurance, a prominent global insurer, has announced the appointment of Tim Wills as Head of Marine – Australia. This strategic move signifies Markel's entry into the Australian marine insurance market, beginning with marine cargo coverage.
- Marinex Underwriting Debuts in Australian Marine Insurance Sector
In a significant development for Australia's marine insurance industry, Rhodian Group has announced the launch of Marinex Underwriting, a new agency dedicated to providing specialised marine insurance products tailored to the unique needs of the Australian market.
- Marsh Secures Role in Australian Navy's Maritime Insurance Program
In a strategic move to bolster its naval capabilities, the Australian government has appointed global insurance broker Marsh to oversee the insurance and risk advisory components of the Royal Australian Navy's Maritime Insurance Program (MIP). This program is integral to the nation's extensive naval fleet expansion and infrastructure development initiatives.
- Northern Australian Marinas Appeal for Relief from Escalating Insurance Premiums
Marina operators in northern Australia are facing a financial storm as marine insurance premiums have surged by over 300% in recent years, prompting urgent calls for government intervention to ensure the sustainability of coastal businesses.
- Austal's $100 Million Boost for U.S. Shipbuilding Expansion
Austal Limited, a leading Australian shipbuilder, has secured a substantial $100 million loan from Export Finance Australia (EFA) to bolster its shipbuilding operations in Mobile, Alabama.
- Marinex Underwriting: New Player in Australia's Marine Insurance Sector
Marinex Underwriting, a newly established marine underwriting agency, has officially launched in the Australian market, aiming to address the complex insurance needs of the marine sector. Backed by global specialty insurance distributor Amwins, Marinex is a shared equity agency co-founded by industry veterans Janelle Karnib, Chris Kelly, and Ainsley Smith.
- Australia's Strategic Choice: Japan's New FFM for Naval Expansion
In a significant move to bolster its naval capabilities, Australia has officially selected Japan's New FFM design for its general purpose frigate program. This decision, announced by Defence Minister Richard Marles on August 5, 2025, marks a pivotal step in enhancing the Royal Australian Navy's operational capacity.
- Austal Limited's $100 Million Loan Fuels U.S. Shipbuilding Expansion
In a significant development for the Australian marine industry, Austal Limited has secured a $100 million loan from Export Finance Australia (EFA). This funding is designated to support the expansion of Austal's shipbuilding operations in Mobile, Alabama, specifically for the Final Assembly 2 (FA2) project.
- Marinex Underwriting Enters Australian Market to Offer Specialized Marine Insurance
Marinex Underwriting, a new marine underwriting agency, has launched in the Australian market to address complex marine insurance needs. Backed by global specialty insurance distributor Amwins, Marinex is a shared equity agency co-founded by industry veterans Janelle Karnib, Chris Kelly, and Ainsley Smith.
- Essential Tips for Successfully Securing a Jet Ski Loan in Australia
Acquiring a jet ski is an exciting prospect, but securing the necessary financing requires careful planning and understanding of the loan process. Here are essential tips to enhance your chances of obtaining a jet ski loan in Australia.
