The Committee of European Yachting Professionals (ECPY) and the organisation that manages the ports of Nice, Cannes, Villefranche and Golfe-Juan – CCI Nice Côte d’Azur – have joined in raising the alarm over a crisis in the yachting sector. Of most concern is the raising of taxes and fees and the reintroduction of rules and regulations that had fallen into disuse. The economic and regulatory burden is now so heavy that yacht owners are considering moving their vessels to other Mediterranean jurisdictions, they say. The yachting sector has doubled in … Continue reading Professionals decry “shipwreck” of yachting industry