The New York Times has produced a video that recounts the events of the weekend Lehman Brothers failed a year ago and discusses the lessons learned from the financial crisis that began in September 2008. Click here to see the video.
The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.
Economists say – and data is beginning to show – that the rich, as a group, are no longer getting richer, according to a recent article in The New York Times, and that could have a big impact on the megayacht sector of the boating industry. During the last two years, the rich have become…more
The Northern Lights Cup match-racing event starts today at the US Sailing Center in Sheboygan, Wis. The Grade 3 regatta is sailed in the US Sailing Center Sheboygan’s fleet of Sonars. Each skipper will sail with three additional crew, and the combined crew weight for any team cannot exceed 600 pounds. The racing will take…more
A well-known boating couple accused of spying for Cuba is asking to be released from jail and placed on home detention. Walter Kendall Myers, 72, and Gwendolyn Myers, 71, say they are also prepared to stay away from Cuba’s equivalent of an embassy in Washington, D.C. if U.S. District Court Judge Reggie Walton grants their…more
The world’s largest yacht, the 557-foot Eclipse, has hit the water. Eclipse, which is being built by Roman Abramovich, is getting its finishing touches, and may not be officially launched and delivered until next year at the earliest, according to the Wall Street Journal’s Wealth Report. Eclipse tops the world’s previous record holder, a 525-footer…more
Walter Kendall Myers and Gwen Myers were preparing to sail their 37-foot sloop in a 10-day cruising rally around Chesapeake Bay when FBI agents arrested them last week on charges of having spied for the Cuban government for 30 years. A neighbor at Hartge Yacht Yard in Galesville echoed the sentiments of others that knew…more
Paralympic gold medalist Maureen McKinnon-Tucker was honored with the annual Leadership in Women’s Sailing Award during last week’s Women’s Sailing Conference in Marblehead, Mass. The award, co-sponsored by BoatU.S. and the National Women’s Sailing Association, honors a male or female who has a record of achievement in giving something back to the sailing community as…more
The Maryland Chapter of The Leukemia & Lymphoma Society will hold its 17th annual Annapolis Leukemia Cup Regatta this weekend. Sponsored by Eastport Yacht Club and supported by the Annapolis Yacht Club, the competition will feature more than 100 boats in eight classes. The weekend begins Friday with a Sailor’s Launch Party, sponsored by SunTrust…more
After two months of significant improvements, the Consumer Confidence Index is now at its highest level in eight months, according to a report released today by The Conference Board. “While confidence is still weak by historical standards, as far as consumers are concerned, the worst is now behind us,” said Lynn Franco, director of The…more
In just four weeks, a Nordhavn 57 owner will embark on the journey of a lifetime. Sprague Theobald, onboard his boat, Bagan, will depart Newport, R.I., on June 14 bound for the Northwest Passage. Throughout history, only a handful of sailboats have ever tried to transit the remote Northwest Passage and nearly all have failed.…more