Craig Bailey Xtreme F1 Powerboats
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  About Craig Bailey
  Career Highlights
  International Racing
  About the Boat


DOB: 23/01/1962

Resides: Caringbah, NSW

Married: Janelle

Occupation: Outboard Technician

Interests: Triathlons, Golf, Skiing

Racing since: 1977


  • Australian F1 Champion 1989, 1990, 1993, 2000, 2001, 2002,2003
  • 1st South Africa Invitation
  • 1998 Asia Pacific F1 Champion Asia Pacific
  • Numerous Australian and State championships in Unlimited Outboard classes.

Ambition: To be Australia’s first World F1 champion

Admired Person: Bill Seebold




Craig started his boat racing career as soon as he was eligible to hold a race licence at the tender age of 17, in a 550cc super sports outboard, setting the Australian speed record within a year. Craig is the youngest Australian to break the 100 mph mark on water at the age of 20. Craig then progressed to Unlimited inboard class racing where he campaigned his father’s carburettored “big block” inboard engined runabout “Settledown”. Craig won numerous National and State Championships in this boat with the stand out achievement being winning the Australasian Unlimited Open Championship – the Stannard Cup – the Australian Championship race open to any class of powerboat.

Following these successes, Craig then turned to growing high performance world of Formula One Outboards. Craig campaigned the inaugural Formula One boat in Australia hitting the water in 1987 sweeping all before him. He then went on to win the inaugural Australian Formula One Championship contested in 1989.




Australian Formula One Championship

Craig Bailey is arguably Australia’s premier Formula One outboard driver after winning the Australian Formula One Championship for an unprecedented three consecutive years and a record breaking 7 times in total including 2001, 2002, 2003, and 2004.

Craig also won the 2002, 2003 and 2004 pole position championships awarded to the driver who claims the best qualifying results over the course of the season.

Formula 1 boat racing requires incredible endurance, concentration and physical fitness, the races placing the body under unbelievable strain. The drivers heart rate rises to a rate in excess of 190 beats per minute and the body is subject to pressures of up to 4 “G’s” during cornering, often taken at speeds of 100mph. When Craig is not working as a performance outboard mechanic at his Sydney marine dealership, he maintains himself in peak physical fitness by competing in triathlons, cycling, swimming, and touch football.

In addition, Craig has won the most prestigious outboard trophy in Australia – the Arch Spooner Gold Cup a record 7 times including the recently contested 2005 event. The Arch Spooner Gold Cup is a one off Championship to determine the Australian Unlimited Outboard champion (it is the Australian championship event open to any outboard powered boat). This year’s win follows from wins in 2003, 2002 and 2001. The 2002 Championship was very gratifying as Craig won it against the South African National Champion (Peter Lindenberg) who travelled to Perth, Australia to challenge Craig for the event.

Other recent wins

As well as F1 events, Craig campaigns in “open class” powerboat racing with the APBA (Australian Powerboat Association). In his own “Unlimited Outboard” class he holds the record for most wins of the Australian Championship – 6 times.

In addition, Craig also competes against supercharged inboard displacement and hydroplane boats. In this class of racing Craig has won every premier race in Australia (many more than once) over this career. Highlights include winning the St George Champion of Champions a record 6 times as well as the Dorwin Gold Cup (South Australia’s premier powerboat event) a record equalling 5 times. In addition, Craig has also won the Stannard Cup – Australasian Unlimited Open powerboat championship.




The team recently campaigned in two rounds of the 2003 USA Formula One Championship where we placed very credible 8th and 10th.

Craig has regularly competed in the World Formula One Championship and is the only Australian driver to have won a round of the World Championship – a feat equivalent to the achievements of Alan Jones’ in the World Formula one car championship or Mick Doohan’s and Wayne Gardner’s wins in the 500cc Motorcycle World Championship.

Craig has reached the final of every grand prix round he has contested and was placed a credible 15th in his first international race in the 1987 World Formula One Championship. Craig competed in the final two rounds of the 1988 World Championship placing 11th in Penang and 14th in Singapore. In the Singapore round of the 1989 World Championship, Craig had moved up to 4th before a fuel pump problem dropped him back to 9th.

Craig expanded his campaign for the 1990 World Championship to include the Italian and French rounds. Craig was fourth before barrel rolling on a corner after a collision in the Italian event. After a rushed repair, Craig lined up in front of the 40,000 spectators who lined the Seine’s banks at Chalon for the French grand prix. By the first corner Craig had moved into second place behind world champion Jonathon Jones – Bailey was now a genuine front runner in the world series. Craig was side swiped and his right sponson holed. The boat slowed dramatically as it filled with water and Craig dropped through the field. The race was stopped when another competitor crashed. The boat was repaired with a patch and a self bailing bung. Craig shot to the lead in the restart and spent the rest of the race extending his lead, taking the chequered flag and his first World Championship Grand Prix win. Craig still recognises this as his greatest achievement and the pinnacle of his career.

Craig finished 8th in the 1990 world championship despite only competing in 4 of the 10 rounds.

International success continued in 1992 with an 8th and 7th place in the South African and Singapore grand prix’s and 8th at the 1993 Abu Dhabi grand prix. Craig was in second place before barrel rolling on a corner while overtaking a slower boat in the 1993 Thailand round.

In 1995, Craig took a small band of devoted crew on his first full attempt on the world title in what can only be described as an underfunded campaign. Craig competed in all 10 rounds of the World Championship finishing a very credible 12th in the championship. Craig consistently figured in the top 10 with some top 5 finishes.

Campaigning in the last round of the 1998 World Formula One Powerboat Grand Prix series, the Craig won the 1998 Asia Pacific Championship after placing sixth in the Abu Dhabi grand prix. The Title, presented by the Sheik, is awarded to the highest placed driver from the Asia Pacific region on the overall World series points table.




Craig Bailey has been driving and developing his boats with Australian boat builder Peter Dukic since 1993, in that time countless APBA and F1 Championships have been raced and won.

Now, as a 7 x National F1 Champion and still the only Australian to ever win a round of the UIM F1 World Series, the pair have come up with the latest design branded , the EXTREME Hull.

Built on the Gold Coast and designed by both Peter and Craig, the boats are a result of many boats built over the years and research conducted by Craig on the World F1 Circuit.

Using the latest composite technologies as well as design ideas, the boat is proving itself to be a winner with some already being exported to overseas markets.

The boat is constructed of a combination plywood and carbon fibre composite materials. It is a catamaran style hull powered by a 2.5 litre fuel injected Mercury outboard race engine. Using four bladed propellers the engine produces around 400hp at 10 000 rpm , propelling the boat to speeds in excess of 220 km/h . The driver is strapped into a cockpit designed and made to similar specifications as Formula one cars.