Marquis Yachts files new lawsuit against VanDutch Yachts

Marquis Yachts is filing suit against Netherlands-based VanDutch Yachts for the second time in a year.

Marquis Yachts is filing suit against Netherlands-based VanDutch Yachts for the second time in a year, saying VanDutch breached its contract with Marquis to build the Dutch company’s yachts.

Marquis Yachts, based in Wisconsin, filed a complaint in U.S. District Court saying VanDutch had failed to make several payments that caused “over $3.8 million in compensatory and liquidated damages to Marquis.”

Marquis had sued VanDutch in April 2015, saying then it had breached its contract. The companies negotiated and reached a settlement and a new manufacturing agreement.

Under the 2015 contract, Marquis agreed to manufacture several models of VanDutch yachts as forecasted and ordered by VanDutch. VanDutch agreed to pay down payment invoices upon ordering each yacht, and the balance after delivery.

“Because Marquis had to order materials and maintain a skilled labor force to meet VanDutch’s requirements, the 2015 contract further specifically provided for liquidated damages in the event of nonpayment or late payments by VanDutch,” said the complaint, which was obtained by Trade Only Today. “The liquidated damages continue to accrue daily, pursuant to the terms of the 2015 contract.”


Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.

Quick Hits: March 4, 2021

Today at 4pm: Intrepid Powerboats celebrates president Ken Clinton’s 30th anniversary with a Facebook Live Q&A.

Sustainability at Navico

The electronics giant recently shifted to 100 percent recyclable packaging and appointed its first chief sustainability officer.

Soundings Trade Only hosts ‘Pitch the Pros’

The one-hour virtual sessions this week featured 18 companies that introduced products and technologies to more than 530 attendees.