Two service facilities in the Americas have joined forces to support customers they have in common. They further want to make it easier for individually loyal clients to venture farther afield. The two are Alabama-based Saunders Yachtworks and Costa Rica-based Marina Pez Vela. Saunders Yachtworks (below), a family-operated yard for nearly 60 years, performs routine Continue reading
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