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Sailing away with contracts tied in the net

INTERNATIONAL boat manufacturers sailed away from the China (Shanghai) International Boat Show 2009, which ended yesterday, happy as they clinched sales.

Nearly 380 exhibitors from home and abroad berthed almost 200 boats and yachts at the Shanghai Exhibition Center during the four-day event. More than half of the boats at the annual show were more than 7.6 meters in length.

One of the satisfied boat makers is Princess Motor Yacht Sales which signed a contract worth more than 7 million yuan (US$1.02 million) for a 12.8-meter yacht with a buyer on the first day of the event.

Sunseeker, a luxury yacht maker from England, sold a 21.3-meter yacht for 25 million yuan. Rotomod, the French canoe maker which took part in the show for the first time, signed contracts for more than 200 boats in four days. A developer of a villa in northwest China's Ningxia Hui Autonomous Region bought 150 of the boats.

Brunswick Corp sold two yachts worth a total of more than 9.25 million yuan on the show's first day.

Private customers and yacht club owners made up the buyers, and half of them are from Zhejiang Province and the Pearl River Delta region, according to the exhibition's organizers.

Visitors to the exhibition came from 46 countries and regions. The exhibition also displayed vessels on water for the first time, and visitors had the opportunity to go on a boat ride on the Huangpu River.

Italian boat makers, which took part in the show for the seventh year, have booked a larger exhibition area at next year's show as they are confident in the ever-growing Chinese market.

The industry will have a positive outlook despite the global financial crisis, said Yang Xinfa, secretary general of the Shanghai Association of Shipbuilding Industry.


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