A court hearing earlier this week to determine Mondomarine’s financial future resulted in no decision. This, despite four requests put to the court to declare it bankrupt, and a possible agreement with foreign investors. It’s the latest of several situations that have an air of uncertainty hanging over the shipyard and its sister yard, Cantieri Continue reading
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Foreign-flagged megayachts for sale can legally welcome U.S. buyers aboard in one special area of Fort Lauderdale without paying import duty up front. In addition, new foreign-built megayachts can welcome American buyers there without paying import duty. The area is Lauderdale Marine Center, and it stems from being part of a new foreign-trade zone (FTZ). Continue reading
Editor’s note: MegayachtNews.com editor Diane M. Byrne visited several Dutch superyacht builders last week. It came at the invitation of the Holland Yachting Group, a trade organization. Several yards have confidential projects, which precludes us from reporting on current work. Others, however, can publicize some of their activity. What follows is the fourth such report, Continue reading