The National Transportation Safety Board says the capsize of an 85-foot Northern Marine yacht during its launch last year was probably a result of the vessel’s low margin of stability. The board attributed the stability problem of the $10 million yacht, which was a complete loss, to the combined effects of a recording error during…more
Two years out from its purchase by private equity firm Versa Capital Management, Hatteras Yachts is investing not only in products, but also in its creative department and — perhaps most important — finding opportunities to let customers experience the brand.
China-based Hudson Yachts and Marine Industries Inc. is “vehemently” denying allegations in a lawsuit filed in Rhode Island’s U.S. District Court by Gunboat International alleging that HYM produced subpar Gunboat models, refused to perform warranty work on them and then launched a competing “knockoff” brand.
Gunboat International, a North Carolina builder of luxury carbon fiber sailing catamarans, is suing a yard in China that it had contracted to build its largest models, saying some work was never done and that the yard refused to pay warranty claims on other poorly constructed yachts it had built — allegedly costing the company…more
An environmental protest to oppose the Miami International Boat Show — which organizers said would draw thousands of people to Virginia Key — wound up with only a few dozen people showing up to wave banners.