Superyachts for Newcastle

Azzura Marine has signed a lease with the Newcastle Port Corporation (NPC) which will open the doors to an exciting new chapter of marine related activity. The lease provides a unique opportunity for the redevelopment of the site at Dyke Point in Carrington, which will create a premium superyacht precinct.

Australian-based Azzura Marine has a long and established reputation in the marine industry through the construction of high performance production racing yachts and world-class custom motor and sail yachts. Its formidable management team boasts decades of aggregated boat building experience, which allows the group to challenge the most difficult constructions. The group is looking to expand and diversify its marine portfolio through this exciting project by entering the luxury superyacht market.

Established and managed by prominent businessman and sailor Iain Murray AM, Azzura Marine wishes to embrace and celebrate the rich marine history of Newcastle, whilst attracting local and international construction projects to the facility.

"This is a great opportunity for Azzura Marine to expand its current marine interests within such a unique location. Our group is looking forward to working with the NPC in deriving significant benefits for Newcastle and the region for many years to come," Murray said.

The global market demand for the construction and refit/repair of superyachts has flourished dramatically over recent years, however growth of this market has been restricted by the availability of capable shipyards. Azzura Marine wishes to support the growing fleet of large custom yachts through new build constructions, refit/repair and servicing of all vessels including sail and motor, up to 120 metres in length. The development of a one stop, all-purpose state-of-the-art precinct will assist in positioning Azzura Marine and the port of Newcastle as an internationally recognisable superyacht hub in Australia.

Australia is presently strengthening its efforts to attract the superyacht market to its shores. As the number of large superyachts visiting Australia is increasing and the infrastructure to accommodate these vessels continues to develop, Azzura Marine expects that more yacht owners will look further afield for the commissioning of superyacht constructions.

As the anchor tenant, Azzura Marine will not only direct its current marine interests towards superyacht construction, but also wishes to attract additional ancillary support services and industry to the area.

Photo: Azzura 100 'Oscar'