The Cairns Marine Precinct (CMP) is a leading maritime maintenance, repair and overhaul (MRO) destination for commercial, Defence and recreational industries across Australia and internationally. It services approximately 15 per cent of all Australian registered vessels and close to 80 per cent of all North Queensland registered vessels over 15 metres. As the gateway to the Pacific region, it is of major economic importance to Cairns and Far North Queensland (FNQ), and is considered a national Defence asset and the premier MRO destination for the region.