FYBA: “Let Foreign-Flagged Yachts Sell to U.S. Residents in U.S. Waters”

EDITOR’S NOTE: The Florida Yacht Brokers Association (FYBA) is one of the world’s largest organizations representing those helping yacht owners buy and sell their boats. Among other things, FYBA lobbies on behalf of the yachting industry on hot-button issues. One of the latest is the longstanding U.S. law that, in essence, prevents foreign-flagged yachts to Continue reading

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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 Continue reading

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

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 Continue reading