The Singapore Boating Industry Association, which was incorporated in February 2011 as the lead association for Singapore’s recreational boating industry, and the Superyacht Singapore Association, which was formed in 2007, are in the process of joining forces to better represent the marine industry of the South East Asian island nation.
“I support the initiative for our association to fall under a unified Singapore Boating Industry Association, so that we can address all future yachting, boating and maritime issues together to third parties,” Arthur Tay, chairman of the Superyacht Singapore Association has confirmed.
“Now that we have an industry body encompassing the leisure sector it makes sense to park it all under one roof,” YP Loke, chairman of the Singapore Boating Industry Association has explained.
The new merged association may remain named the Singapore Boating Industry Association, or it may change, according to Loke: “We leave it to the new committee to decide.”
Singapore is a strong commercial hub with significant commercial marine concerns in the form of drydocks and oilrig construction, as well as being one of the busiest container ports in the world.
While Singapore’s domestic market is relatively small, it hosts the successful Singapore Yacht Show that leverages the city-state’s geographic and economic position as a regional hub.
“We work hard to get our voice heard above the commercial heavyweights and to punch above our weight we need to do that with one voice,” Loke has said.
“Many of our existing members’ businesses serve both small and large yachts: having one association makes much more sense to them,” Loke has said.
“And putting all our resources into one secretariat mean we can staff it properly,” he has said.
Andy Treadwell, managing director of the Singapore Yacht Show is supportive of the merger.
“I think it’s absolutely excellent: it makes complete sense for them to focus on the boat and yachting industry in Singapore with committees that can focus on their specialities,” Treadwell has said.
“Getting everyone singing from the same hymn-sheet even if they’re different specialities is key,” Treadwell has said.
A newly-formed joint committee of the two associations is looking at how best to transition from two associations to one.