A boat show which was expected to attract thousands of visitors to Liverpool has been cancelled.
The Liverpool Boat Show was due to take place on the Mersey waterfront for 10 days from 29 April.
Yachts, power boats, historic ships, a regatta and sea shanty festival were among the billed attractions.
Organisers Marine Industry Events (MIE) said it had been forced to cancel the show due to the economic climate and poor take-up of exhibitors.
Rob Mackenzie, managing director of MIE, said it had cancelled the show to "protect the integrity of what we know to be the enormous long-term potential for a major boat show in Liverpool".
He added: "The failure and the financial loss and its consequences is MIE's to bear alone, but it is better to cancel the show to protect Liverpool's reputation rather than to allow exhibitors who booked in good faith and visitors who would have travelled from all over the country in expectation of the participation of brands who'd made late decisions not to take part."
Mr Mackenzie said that many contracted exhibitors had said that the "commercially disastrous" London Boat Show was one of the reasons they had chosen to withdraw from Liverpool.
The show was to have featured displays of boats across the city's docks and a programme of demonstrations including championship sailing, wake-boarding, power boat racing, and water-skiing.
Councillor Wendy Simon, cabinet member for culture and tourism, said: "It is extremely disappointing that the economic downturn affecting the whole of the maritime sector has caused MIE to cancel the inaugural Liverpool Boat Show.
"We are very aware of the economic impact this will have on our tourism economy.
"However the boat show is just one of three major maritime events we have in place and we will look to those to mitigate the effects for those businesses concerned."
Other maritime events taking place in the city in 2011 are On The Waterfront, due to be held at the end of July, and The River Festival in September.