Court ruling leads to Yacht Path International shutdown
A U.S. Bankruptcy Court judge in Florida denied a trustee’s emergency motion requesting that Yacht Path International be allowed to use cash collateral to continue operations, according to court documents, resulting in the company’s shutdown.
Sevenstar Yacht Transport expands to Porto Montenegro
Beginning spring 2013, Sevenstar Yacht Transport will begin regular sailings to Porto Montenegro in the Bay of Kotor. Known for dramatic coastlines and tax-free bunkering, Montenegro has grown in popularity as a yachting destination in recent years. Upgraded improvements in the legal system and infrastructure and mild year-round climate has made the spot even more attractive.