PHOTO: iStock

U.S. Bankruptcy Court Approves Sale of Yacht Path International

A newly formed New Jersey-based company has acquired Yacht Path International and its assets for $250,000. In June, the bankruptcy court for the Southern District of Florida approved a hearing for July 22 to review bids for Yacht Path International, with all bids due by July 21. According to court documents, the only bidder to […]

[Read More...]

SYBAss Gets Twin Crew Cabins OK’d on Super-Size Superyachts

Prima-crew-cabin

MCA’s newest Large Commercial Yacht Code, LY3, will now permit megayachts in the 3,000- to 5,000-gross-ton range to include twin cabins for non-officer crewmembers, thanks to petitioning by the Superyacht Builders Association (SYBAss). To be clear, SYBAss and its members are not against the principle of comfortable living conditions for crew. Rather, in studying the […]

[Read More...]

International SeaKeepers Society Kicks off SeaKeeper Drifter Program

NOAA-sea-surface-temp-map-June-11-2013

The International SeaKeepers Society is offering its own version of proven spherical drifters, called the SeaKeeper Drifters, to yachts and megayachts wishing to bolster the non-profit’s efforts in assisting scientists with ocean research. Spherical drifters (left) are just what they sound like: volleyball- or even basketball-like devices that bob on the water’s surface. They’re further […]

[Read More...]

Yacht Path Files for Bankruptcy Protection

Yacht-Path-ship

Yacht Path International, a prominent yacht and megayacht transport company based in Florida, and three related companies have filed for Chapter 11 bankruptcy protection. The filing was made on March 20 as a voluntary petition, meaning Yacht Path itself submitted the request. (Companies can be forced into bankruptcy by their creditors, a situation that would […]

[Read More...]

Det Norske Veritas and Germanischer Lloyd to Merge

DNV-logo

Two leading classification societies, Det Norske Veritas (DNV) and Germanischer Lloyd (GL), have signed a merger agreement. Pending approval from authorities, the resulting company, DNV GL Group, will be among the world’s largest classification societies. It will also have an even stronger foothold in the maritime industry, as well as the energy sector. Under the […]

[Read More...]