Skip to main content

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.”



NMMA: Proposed Speed Rule an ‘Existential Threat’ to Industry

The association is calling on every marine brand, employee and boat owner to file public comment by Oct. 31 over a sweeping regulation to protect North Atlantic right whales.


Axopar and Nimbus Renew Agreement

The boatbuilders have entered an agreement whereby Nimbus Group will retain exclusive rights to sell Axopar boats on the Swedish market.


Hurricane Ian Leaves Devastation in Florida

The storm left a wide swath of destruction, heavily impacting marine interests from Tampa Bay to Marco Island.


Email Is Your Ticket to Holiday Sales

Developing an effective email campaign can bolster sales and help fill winter coffers at your dealership.


NMRA Presents Annual Awards

Edson CEO Will Keene and ComMar Sales president Tim Conroy were recognized for their contributions to the marine industry.


DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.


EPropulsion, Mack Boring Partner with Crest

Pontoon builder Crest will use an ePropulsion Navy 3.0 Evo electric outboard motor and an E175 battery for its 2023 Current model.


Beneteau Reports Significant H122 Growth

The company reported that its revenue grew 8.6 percent and income increased by 30 percent during the first half of 2022.