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    • CURRENT LOCAL NOTICES TO MARINERS

      Here are the latest Local Notices to Mariners and NAV ALERTS that are relevant to ICW cruising in Districts 5, 7 and 8, the OBX, AICW, OWW, Keys, GIWW and adjacent waters. Open each LNM link for the USCG notice and a chart for each location. Listed north to south to north. NAV ALERTS will also be posted on our Homepage.

      For previous Local Notices, go to the Specific State or Region on our Homepage

       

      Week 46/25

      LNM: Off AIWW MM:291.4, Lower Brunswick South Range Rear Light Extinguished

      LNM: AIWW MM:297.3, Upper Liliput Range Rear Light Extinguished

      LNM: AIWW MM:488.2, Wadmalaw River Daybeacon 78A Destroyed

       

      Week 45/25

      LNM: Off AIWW, Oregon Inlet Lighted Buoy 16 Offstation

      LNM: Off AIWW, Hatteras Connector Buoy 6A Relocated

      LNM: Off AIWW-DismalSwamp, Severn River Junction Light SR Missing Dayboards

      LNM: Off , Barney Slough Channel Buoy 12 Missing

      LNM: Off , Barney Slough Channel Buoy 12 Missing

      LNM: Off , Barney Slough Channel Buoy 12A Missing

      LNM: Off , Barney Slough Channel Lighted Buoy 14 Missing

      LNM: Off , Barney Slough Channel Buoy 12 Missing

      LNM: Off , Barney Slough Channel Lighted Buoy 10 Missing

      LNM: Off , Barney Slough Channel Lighted Wreck Buoy WR8 Missing

      LNM: AIWW-Hawk Channel MM:1,229.1, Pelican Key Daybeacon 55 Destroyed

      LNM: GIWW-East MM:224.4, Santa Rosa Sound Entrance Buoy 11 Offstation

      LNM: GIWW-East MM:224.2, Santa Rosa Sound Entrance Buoy 13 Missing

      LNM: Off AIWW, Hatteras Connector Buoy 7A Relocated

      LNM: AIWW MM 293.5 New River – Cape Fear River Buoy 155 Relocated

      LNM: AIWW MM 293.5 New River – Cape Fear River Buoy 154A Relocated

      LNM: St. Johns River MM:3.2, Mayport Cut Range Rear Light Dimly Lit

      LNM: Off WW, Homosassa River Buoy 63 Offstation

      LNM: Off WW, Homosassa River Buoy 62 Offstation

      LNM: Off WW, Homosassa River Buoy 47 Offstation

      LNM: GIWW-West MM:664.3, Harlingen-Port Isabel Light 73 TRLB Off Station

      LNM: GIWW-West MM:664.3, Harlingen-Port Isabel Daybeacon 74 Missing

      LNM: Off GIWW-West MM:523.8, Rockport Channel Daybeacon 7 Extinguished

      LNM: Off GIWW-West MM:523.7, Rockport Channel Light 6 Extinguished

      LNM: Off AIWW MM:227.7, Bogue Inlet Lighted Buoy 3 Shoaling

      LNM: Off AIWW MM:227.8, Bogue Inlet Buoy 4 Shoaling

      LNM: Off WW, Bogue Inlet Lighted Buoy 1 Shoaling

      LNM: AIWW MM:227.6, Bogue Inlet Junction Buoy B Offstation

      LNM: Off GIWW-East MM:133.1, Mobile Channel Light 33 Destroyed

      LNM: Off AIWW MM:227.7, Bogue Inlet Lighted Buoy 3 Disestablished

      LNM: AIWW MM 293.5 New River – Cape Fear River Buoy 154 Relocated

      LNM: Off AIWW MM:291.0, Big Island Lower North Range Rear Light Extinguished

      LNM: Off AIWW MM:293.5, Lower Liliput Range Rear Light Extinguished

      LNM: Off AIWW, East Bank Buoy 2EB Offstation

      LNM: GIWW MM:91.8, Siesta Key-Tampa Bay Light 64 Extinguished

      LNM: St. Johns River MM:16.2, Chaseville Middle Ground Shoal Daybeacon N Destroyed

      LNM: Off WW, Horseshoe Beach Approach Light 7 Missing

      LNM: GIWW-West MM:664.3, Harlingen-Port Isabel Daybeacon 74 Missing

      LNM: GIWW-West MM:664.3, Harlingen-Port Isabel Light 73 Missing

      LNM: Off AIWW, Lynnhaven Inlet Lighted Buoy 4A Established

      LNM: AIWW MM:666.0, Mackay River Cutoff Light 229 Offstation

      LNM: Off AIWW, Big Foot Slough Channel Lighted Buoy 10A Missing

      LNM: Off AIWW, Big Foot Slough Channel Light 10 Missing

      LNM: AIWW MM 321.5 Cape Fear River – Little River Buoy 47A Relocated

      LNM: Off AIWW MM:973.3, St. Lucie River (North Fork) Daybeacon 31 Missing

      LNM: St. Johns River MM:0.0, St Johns River Lighted Buoy 5 Offstation

      LNM: Off GIWW-East MM:152.6, Bon Secour River Daybeacon 28 Set TRUB

      LNM: AIWW MM:320.4, Lockwoods Folly River Daybeacon 4 Set TRUB

      LNM: AIWW MM 321.5 Cape Fear River – Little River Buoy 47A Relocated

      LNM: AIWW MM:321.5, Cape Fear River – Little River Buoy 47A Shoaling

      LNM: Off WW, Cape Fear River Channel Lighted Buoy 13A Shoaling

      LNM: Off WW, Cape Fear River Channel Lighted Buoy 15 Shoaling

      LNM: AIWW MM:376.3, Little River-Winyah Bay Daybeacon 31 Obscured By Bird Nest

      LNM: AIWW MM:991.6, Peck Lake Daybeacon 18 Damaged

      LNM: GIWW-West MM:473.0, Port O’ Connor Channel Buoy 16 Missing

      LNM: GIWW-West MM:472.0, Port O’Connor Channel Light 8 Extinguished

      LNM: Off WW, Wachapreague Channel Lighted Wreck Buoy WR4 Unlit

      LNM: Off AIWW, Cooper River Light 82 Damaged

      LNM: AIWW MM:507.9, South Edisto River Daybeacon 152A Missing

      LNM: AIWW MM:526.3, Coosaw River Daybeacon 199 Set TRUB

      LNM: Off WW, Arlington Channel Light 3 Not Watching Properly

      LNM: Off GIWW-East MM:152.6, Bon Secour River Daybeacon 28 Not Watching Properly

      LNM: Off GIWW-East MM:152.5, Bon Secour River Daybeacon 24 Not Watching Properly

      LNM: Off GIWW-East MM:152.3, Bon Secour River Daybeacon 22 Not Watching Properly

      LNM: Off GIWW-East MM:151.8, Bon Secour River Daybeacon 20 Not Watching Properly

      LNM: AIWW MM:526.6, Coosaw River Light 200 Missing

      LNM: Off St. Johns River, St Augustine Lighted Whistle Buoy STA Missing

      LNM: AIWW MM:594.0, Skidaway Narrows Light 71 Extinguished

      LNM: Off AIWW MM:868.4, Brownsville Channel F Range Rear Light Damaged

      LNM: AIWW MM:688.3, St Andrew Sound Lighted Buoy 30 Damaged

      LNM: AIWW MM:458.7, Winyah Bay-Charleston Harbor Daybeacon 117 Damaged

      LNM: Off GIWW-East MM:133.9, Mobile Bar Lighted Buoy 19 Extinguished

       

      Week 44/25

      LNM: GIWW-East MM:204.5, Santa Rosa Sound Buoy 107 Offstation

      LNM: Off AIWW MM:471.8, Cooper River Dike Light 47 Extinguished

      LNM: Off GIWW-East MM:127.2, Bayou Aloe Daybeacon 6 Missing

      LNM: Off GIWW-East MM:124.5, Dauphin Island Wreck Light WR1 Destroyed

      LNM: Off AIWW MM:778.5, St Augustine Inlet Lighted Buoy 6 Missing

      LNM: Off St. Johns River, St Augustine Inlet Buoy 3 Missing

      LNM: Off St. Johns River, St Augustine Inlet Buoy 2 Missing

      LNM: AIWW MM 208.8, Bogue Sound Lighted Buoy 5A Relocated

      LNM: Off AIWW MM:975.3, St. Lucie Power Plant Lighted Buoy G Offstation

      LNM: Off AIWW MM:974.0, St. Lucie Power Plant Lighted Buoy A Offstation

      LNM: Off GIWW-East MM:104.2, Horn Island Pass Lighted Buoy 16 Offstation

      LNM: AIWW MM:399.7, Little River-Winyah Bay Light 90 Set TRLB

      LNM: Off GIWW-East MM:104.3, Horn Island Pass Lighted Buoy 18 Offstation

      LNM: AIWW MM:329.2, Cape Fear River – Little River Daybeacon 73 Set TRUB

      LNM: Off WW, Chincoteague Inlet Lighted Buoy 8A Offstation

      LNM: Off AIWW, Oregon Inlet Lighted Buoy 12 Offstation

      LNM: Off AIWW, Oregon Inlet Lighted Buoy 13 Offstation

      LNM: Off AIWW, Oregon Inlet Lighted Buoy 10 Offstation

      LNM: Off AIWW MM:666.1, Hampton River Daybeacon 12 Missing

      LNM: AIWW MM:526.6, Coosaw River Light 200 Missing

      LNM: Off GIWW MM 104.9, Between Pass-A-Grill Channel DBN 3 to 7 EXTREME Shoaling

      LNM: Off WW, Tampa Bay Cut C Channel Inbound Range Rear Light Extinguished

      LNM: Off AIWW, South River Entrance Buoy 2 Changed

      LNM: Off WW, Gadsden Point Cut Range Front Light Very Dim

      LNM: AIWW MM:293.3, Carolina Beach Inlet Buoy 7 Missing

      LNM: AIWW MM:293.2, Carolina Beach Inlet Buoy 4 Missing

      LNM: Off AIWW MM:1,091.3, Miami Main Channel Entrance Range Front Light Extinguished

      LNM: St. Johns River MM:13.4, Brills Cut Range Rear Light Extinguished

      LNM: AIWW MM:688.3, St Andrew Sound Lighted Buoy 30 Sinking

       

      Week 43/25

      LNM: Off WW, Hampton River Channel Daybeacon 18 Missing

       

      Week 09/25

      FWC Commissioners approve new rule establishing boating restricted area in Jupiter Narrows

       

      Week 39/23

      LNM: Alt ICW MM 7, Long Term Deep Creek Bridge Replacement, Dismal Swamp Canal, NC

      For previous Local Notices, go to the Specific State or Region on our Homepage

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    • LTM Additions So Far Today: Today (Mon, Nov 10)

      3 New LTM\’s Added Today. Note this post is updated hourly so check back as the day progresses for the lastest and updated information.

      SELECT LTM Area:

      SELECT Format:

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    • Southeast Marine Fuel Best Prices as of Nov 05

      This week’s lowest current marina fuel prices as of Nov 05
              Diesel Range: $2.96 to $4.85 Lowest @ Wacca Wache Marina in (South Carolina)
              Gas Range: $2.98 to $2.98 Lowest @ Galveston Yacht Marina in (Texas)
      Remember to always call the marina to verify the current price since prices may change at any time. Also please let us know if you find a marina’s fuel price has changed via the Submit News link.

      SELECT Fuel Type:
      SELECT Format:
      Lowest Diesel Price in Each Region

      Fuel Price Report Brought to you by:

      Ft. Pierce City Marina
      Ft. Pierce City Marina specializes in overnight dockage and 22 hour fueling.

      Lowest Diesel Prices Anywhere

      All Regions (Price Range $2.96 to $6.00)

      $2.96 Wacca Wache Marina (11/03)
      $2.98 Port Consolidated (11/03)
      $3.13 Osprey Marina (11/03)

      Lowest By Region

      Virginia to North Carolina (Price Range $3.46 to $4.25)

      North Carolina (Price Range $3.20 to $5.60)

      South Carolina (Price Range $2.96 to $4.85)

      $2.96 Wacca Wache Marina (11/03)
      $3.13 Osprey Marina (11/03)
      $3.20 Grande Dunes Marina (11/03)

      Georgia (Price Range $3.40 to $5.00)

      Eastern Florida (Price Range $2.98 to $4.70)

      $2.98 Port Consolidated (11/03)
      $3.40 Pelican Yacht Club (11/03)
      $3.47 Fort Pierce City Marina (11/03)

      St Johns River (Price Range $3.79 to $6.00)

      Florida Keys (Price Range $3.69 to $5.49)

      Western Florida (Price Range $3.21 to $5.65)

      $3.21 Shields Marina (11/04)
      $3.47 Sea Hag Marina (11/03)
      $3.50 Safe Harbor Burnt Store Marina (11/03)

      Okeechobee (Price Range $3.73 to $4.12)

      $3.73 Gulf Harbour Marina (11/03)
      $4.12 Sunset Bay Marina (11/03)

      Northern Gulf (Price Range $3.30 to $3.73)

      Texas (Price Range $3.34 to $3.34)

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    • NHC: TROPICAL STORM CHARTS AND UPDATES

      The National Hurricane Center chart below updates automatically and shows the latest storm positions. Click the chart for the full NHC report. While port conditions are primarily for commercial mariners, they give a strong indication of the Coast Guard’s appraisal of the storm’s severity.

      Categories:
      • Category 1: winds between 74 m.p.h. and 95 m.p.h.
      • Category 2: winds between 96 m.p.h. and 110. m.p.h.
      • Category 3: winds between 111 m.p.h. and 129 m.p.h.
      • Category 4: winds between 130 m.p.h. and 156 m.p.h.
      • Category 5: winds of 157 m.p.h. or greater.
      Hurricane Season Port Condition Definitions 
      
      
      
      

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    • LTM Additions: Yesterday (Sun, Nov 09)

      2 New LTM\’s Added Yesterday

      SELECT LTM Area:

      SELECT Format:
       

      2 ALL Areas LTM\’s Added on 2025-11-09

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    • Underwater sculpture park brings coral reef art to Miami Beach – South Florida Sun Sentinel


      From our friends at South Florida Sun Sentinel.

      Underwater sculpture park brings coral reef art to Miami Beach

       

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    • Michael Reardon’s Year of Living Dangerously – Loose Cannon

      Cruisers Net publishes Loose Cannon articles with Captain Swanson’s permission in hopes that mariners with saltwater in their veins will subscribe. $7 per month or $56 for the year; you may cancel at any time.

       
       
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      When all else fails, try journalism.


      Michael Reardon’s Year of Living Dangerously

      Catalina Yachts and Daedalus Close Doors. Can Tartan Survive?

       
       
       
       
       

      READ IN APP

       
        
      Company owner Michael Reardon was caught on tape telling Catalina workers that he expected a “final payment” on this vessel shortly and it would help pay their wages. The boat—a Daedalus 100—is shown here en route to a shipyard in France for the long process of fitting her out. “A shell” is how Daedalus workers described her.

      This year has been an interesting one for boatbuilder extraordinaire Michael Alexander Reardon, to put it mildly.

      Reardon is a native of Australia who has created an image of himself—cheered on by our slavish boating press—as a hugely successful boatbuilder with a reputation for technically wizardry. His resume, as shown below, includes employers such as Gunboat, Skagen and Greenline.

        

      As we were about to publish, Reardon replied to a text message asking for his side of the story. You can read the interview here:


       

      2025 Timeline

      Reardon is arrested by police on February 5 for allegedly driving his unregistered car through a stop sign and speeding away from police “carelessly and heedlessly in willful and wanton disregard of the rights and safety of others.” (For the record, the North Carolina prosecutor dropped all traffic charges against Reardon without explanation.)

      On April 11, witnesses say, Reardon attacks a worker on the floor at the Daedalus yacht factory. Reardon ends up on the ground when a second worker intercedes. A third worker videotapes the tussle, news of which will have an outsized effect on the future of the Edenton, North Carolina, builder.

      Later in April, Reardon enters into a provisional purchase agreement with the California parent company of Catalina Yachts in Largo Florida. He takes ownership of the company with a requirement to make regular payments.

      In late July, Reardon’s financial backer—and purchaser of the only boat under construction at Daedalus—had the vessel hauled out of the factory and put on a ship to France for completion there. There was a dramatic video on YouTube showing the move, copied here:

      Best known as the inventor of Google Maps, Stefan Muff is advertised as Reardon’s partner in Daedalus. That carbon-fiber 100-footer above was being built for him and his wife, who visit frequently to check on the status of their boat.

      According to former Daedalus employees, some of whom had formed their own relationships with the Muffs, the Swiss couple had been looking for a way to shed themselves of Reardon and Daedalus.

      According to the ex-employees interviewed for this article, the fight on the factory floor provides the Muffs with a “last straw,” enabling them to nullify their contract. That’s when they take their boat and go back to Europe.

      On August 20, the Daedalus workforce is furloughed. Owned by the Muffs, the factory itself is listed for sale for $3.5 million.

      At some point in August, Reardon visits Anacortes, Washington, to discuss purchase of Tartan Yachts from owner Seattle Yachts. No one remembers Reardon saying anything about Daedalus going out of business. The sale of Tartan is finalized in September; the Ohio workforce is furloughed but returns to work soon after.

      On September 4, Reardon visits the Catalina factory for a talk with workers who haven’t been paid in weeks. In an audio tape obtained by Loose CannonReardon can be heard telling workers that he was “under huge financial stress” but there is hope because of an expected windfall:

      I just delivered a 100-foot boat to France for Daedalus company. We haven’t received our final payment—as we should have—yet. A few technical issues need to be resolved on the boat.

        
      One quick visual clue that the boat is unfinished is the lack of paint. The boat was supposed to be two-tone with a dark hull and metalic silver on deck.

      According to ex-Daedalus people, “a few technical issues” was a bit of an understatement. The boat that had left the Edenton plant was just a carbon-fiber shell, months or maybe a year away from any seatrial that would precede delivery and any final payment from the owner.

      (The total cost of the finished boat had been estimated at $35 million.)

      On September 18, California Catalina files a lawsuit against Reardon for non-payment of rent for the Florida Catalina factory and, by default, the $1 million promised for purchase of company assets—real estate, tooling, etc.

      On October 14, the president of Catalina Yachts, Patrick Turner, is videotaped assuring workers that Reardon had “done his part,” trying to find an investor to keep Catalina going. According to Turner, Reardon had been dealing with an unnamed potential money-man who asked questions but did not commit. Turner announces that Catalina was shutting down “temporarily.”

      On October 22, a Florida court grants California Catalina’s motion to have Reardon evicted from Largo premises, so no one except the family of late Catalina founder Frank Butler, or a successor company chosen by them, can reopen the plant. In the accompanying Q&A, Reardon says the plant will reopen but doesn’t specify how.

      Meanwhile, the question has to be: With this kind of public record, who would ever be convinced to put a downpayment on a new Tartan? Reardon avoids answering that question in the accompanying Q&A with him.

      Ken Bauer of the Catalina Owners Association has his own take on Reardon’s track record:

      I get so frustrated when I hear people claim that Reardon is some sort of “corporate raider” or private equity guy. No, that’s giving him too much credit, because corporate raiders and PE guys know how to effectively plan for capital needs. They don’t make foolish mistakes like this. Reardon bought this company with no plan, and no clue how to make it work, and now everyone is screwed. This is the same guy, after all, who after many years has yet to deliver one single completed boat at Daedalus Yachts.

      LOOSE CANNON covers hard news, technical issues and nautical history. Sometimes he tries to be funny. Subscribe for free to support the work. If you’ve been reading for a while—and you like it—consider upgrading to paid.

       
         

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      411 Walnut St. No. 1944, Green Cove Springs, FL 32043
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    • Are the Few Remaining U.S. Sailing Yacht Brands Circling the Drain? Phil Friedman, FYBBO

      Phil Friedman publishes “For Yacht Builders, Buyers, and Owners”. FYBBO is a reader-supported publication. To receive new posts delivered directly to your email inbox, subscribe for free, or for the full experience, consider becoming a paid subscriber.

       
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      Are the Few Remaining U.S. Sailing Yacht Brands Circling the Drain?

      THE RECENT ELEVENTH-HOUR DEAL TO KEEP CATALINA YACHTS ALIVE FOUNDERS AFTER JUST A FEW MONTHS …

        
      Catalina Yachts may disappear from the U.S. domestic manufacturing scene.

      Peter Swanson, Editor and Publisher of the Loose Cannon newsletter on Substack, recently reported that the latest attempt to revive the nearly moribund operations of Catalina Yachts (Largo, Florida) appears to have fallen apart just a few months after being initiated.

      The Loose Cannon piece, coupled with all the industry hoopla at the recent Fort Lauderdale International Boat Show, got me to thinking what can only be described (politely) as a “general lack of financial transparency” in the boat and yacht building sector.

      More on that in a moment. But first, as the annual series of South Florida boat shows kicked off last week with FLIBS, the current state of the U.S. economy, tariffs and, specifically, the yacht manufacturing sector, lead me to ponder the danger signals that indicate a boat builder or manufacturer may be facing an imminent business failure.

      This is especially important to potential boat buyers, because boat buyers who order a new boat for construction and delivery at a later date almost always end up in the position of being unsecured creditors of the seller, with their deposits and any “progress” payments they’ve paid to date at exceedingly high risk in the event of a financial failure of the builder. The same also applies to any marketing entity (dealer, etc.) who may stand contractually sales chain between the buyer and the manufacturer in question.

       

      If it looks like a red flag and waves like a red flag…

      Ironically, the single most telling sign of an impending financial failure is a backlog of multiple pre-sold or deposit-paid units sitting unfinished on the builder’s shop floor. Never mind that the common wisdom is that a bunch of builds in process are an indication of a thriving business.

      This is because a backlog of unfinished units, without any visible significant progress being made toward completing them for delivery to their buyers, signals that the manufacturer is out of working capital. Which is a condition no company can survive for any serious length of time.

      In such cases, if there is to be any chance of effecting a turnaround, without resort to bankruptcy filings, it’s essential to structure a creative financial plan that includes eliciting the agreement of secured and unsecured financial and commercial creditors, as well as the agreement and cooperation of the workforce (which is frequently owed back wages), plus buy-in from any existing dealers (who may be awaiting delivery of boats), as well as the consent of any boat buyers involved.

      Even then, a successful turnaround generally requires fresh, but significantly experienced, management that can run lean with the short-term goal in mind, namely, the completion and delivery of all pending unfinished builds and the generation of necessary cash flow which that brings with it. Anything less sets up a turnaround effort for almost certain failure.

      A reasonable level of caution and common sense…

      If you’re a potential (or actual) boat buyer, what does all this mean for you? If you’re contracting to have a boat or yacht to be built for you to order with, say, 10% down and the balance upon delivery of the finished vessel, then read no further. From a buyer’s standpoint, that is about as good as it gets.

      True, few buyers would be elated over losing $10K on a $100K, and even less so losing $100K on an unfulfilled million dollar contract. But to put 10% at risk is usually manageable for someone in a position to “afford” the full-ticket sale price of a discretionary luxury purchase, in the first place.

      However, if you, as a buyer, are required to put up more than that as a deposit, or if you’re required to make periodic “progress” payments during the build, you have to be particularly careful when buying a built-to-order boat or yacht.

      First and foremost, you must have a clear written agreement as to delivered price, all included options and features, and a firm final delivery date (often called a “drop dead date”), after which you have the option of cancelling the order and receiving a full refund of all monies paid to date.

      Note that I said you should have “the option”. This is because you may ultimately decide that, even though the builder is far behind schedule on completion and delivery, you really want the boat and are prepared to wait, just not forever. The drop-dead date in the sales contract assures that you won’t have to wait ad infinitum for your boat because the manufacturer just can’t get it done. And if you think that can’t happen, just take a look at the history of builders like Catalina which end up stalled with a dozen or more partially completed boats on their workshop floor — boats being built on contracts with significant payments outstanding to collect when those units are completed and delivered. Again, more on that later.

      There are also several important additional steps you can (and should) take to protect your interests, under the Uniform Commercial Code (UCC), which has been adopted, in part or in whole, by most states in the U.S. These steps are straightforward and focus on establishing a preferred first security interest in the boat during the period of time it is still in-process and could otherwise potentially fall subject to claims of creditors, should the builder fail financially.

      This security interest will extend to all monies paid to date by you, the buyer, in the form of deposits and progress payments. And will grant you a first secured mortgage on the vessel, which lien will have to be “perfected” (properly filed) with the state where the builder is registered to do business.

      Of course, you will not only have to bear the added cost(s) of proceeding under the UCC, you will generally have to push hard to gain the necessary cooperation from the dealer and/or the manufacturer involved. Consequently, you will need to gain agreement to cooperate from the dealer and the manufacturer before you place the order and pay your initial deposit.

      With a preferred first security interest and a perfected lien, you will stand ahead of unsecured creditors for satisfaction of your claim in the event that a company is liquidated in bankruptcy or the company assets are sold in liquidation for the benefit of creditors. Except, of course, for the bankruptcy lawyers and court costs.

      Which means you would have to be paid out before any of the proceeds of liquidation went to satisfy unsecured claims, for example, those for materials and fittings supplied by vendors to the boat manufacturer.

      Nothing in life is completely without some risk…

      Admittedly, it’s not a perfect solution, as there might not be sufficient value in liquidation to pay you out 100%. And it certainly won’t get you a completed boat. The most it would do is preserver you investment to date, but you’d then need to take possession and find a way to get the build completed. Still, it’s better than the alternative which, for unsecured creditors, is usually losing everything they’ve invested.

      Whether what you stand to get, in the instance, would be worth the effort and hard costs of establishing a preferred first security interest in the boat you’ve ordered and partially paid for, is worth it, depends on how much in dollars is at stake. And that depends on your net worth and resources.

      If you’re in a position to sustain, say, a five hundred thousand dollar loss without much noticing it, then perhaps the extra time and dollar cost of obtaining a preferred first secured interest isn’t worth the extra cost and effort. Understand that it’s entirely your call. Just don’t delude yourself into thinking a business failure will never overtake the firm manufacturing your boat. It never happens… until it does. And nobody ever loses money in a boat deal gone bad… until they do.

      — Phil Friedman

      Copyright © 2025 by Phil Friedman and Port Royal Group — All Rights Reserved

      Thanks for reading For Yacht Builders, Buyers, and Owners. FYBBO is a reader-supported publication. To receive new posts delivered directly to your email inbox, subscribe free or for the full experience, consider becoming a paid subscriber.

       

      Postscript:

      Read the latest update on the Catalina Yachts saga, from Peter Swanson and the Loose Cannon newsletter:

      Read the Loose Cannon article

      If you’re interested in the subject of transparency in the boat and yacht building sector worldwide, you might also want to look at the Loose Cannon article on the suit that’s recently been filed against Bering Yachts (Turkey) by two YouTube boat reviewers”:

      Read about the Bering Yachts suit

      Author’s Notes:

      1) The author of this article (namely, yours truly) was an active consultant in the acquisition of the assets of Tartan/Legacy Yachts by Seattle Northwest Yachts LLC in 2020, and later oversaw the completion and delivery of nineteen new yachts that, at the time of that acquisition, sat in various stages of in-completion, as Tartan/Legacy Yachts circled the drain.

      2) Nothing in this article is presented as legal advice, but rather is purely the expression of personal opinion based on more than 40 years experience in the recreational marine industry. Anyone placing a substantial deposit or other payment with a boat dealer or manufacturer for building a boat to order, with a future delivery date, is advised to first review the potential issues and suggested remedies delineated here with a lawyer who has the necessary and appropriate experience. — PLF

      Copyright © 2025 by Phil Friedman and Port Royal Group — All Rights Reserved

      Thanks for reading For Yacht Builders, Buyers, and Owners. FYBBO is a reader-supported publication. To receive new posts delivered directly to your email inbox, subscribe free or for the full experience, consider becoming a paid subscriber.

      Thanks for reading For Yacht Builders, Buyers, and Owners! This post is public so feel free to share it.

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      © 2025 Phil Friedman
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    • November High Tide Flooding & an Outboard Cruiser – US Harbors Newsletter

      Here is an informative newsletter to which you may subscribe. Its abundant harbor information will be useful as you travel the East Coast this fall, by boat or by car.

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    • Right Turn, Clyde…You Too, Erin, Gabrielle, Humberto & Melissa – Loose Cannon

      Cruisers Net publishes Loose Cannon articles with Captain Swanson’s permission in hopes that mariners with saltwater in their veins will subscribe. $7 per month or $56 for the year; you may cancel at any time.

       
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      Hurricane Melissa made a sharp right and kept on going.

      The author is a postdoctoral researcher at the NOAA Hurricane Research Division, University of Colorado-Boulder. This October 29, 2025 article first appeared in The Conversation and is reprinted here with permission.

      By ETHAN MURRAY

      Hurricane Melissa grew into one of the most powerful Atlantic tropical cyclones in recorded history on Oct. 28, 2025, hitting western Jamaica with 185 mph sustained winds. The Category 5 hurricane blew roofs off buildings and knocked down power lines, its torrential rainfall generated mudslides and flash flooding, and its storm surge inundated coastal areas.

      Melissa had been wobbling south of the island for days, quickly gaining strength over the hot Caribbean Sea, before taking a sharp turn to the northeast that morning.

       An animation of the hurricane between central America and Jamaica. 
      Hurricane Melissa, shown on Oct. 27, 2025, grew into an extremely powerful 185-mph hurricane just south of Jamaica before turning sharply northeastward and crashing into the island. NOAA

      As a hurricane researcher, I work with colleagues at NOAA’s Atlantic Oceanographic and Meteorological Laboratory to improve predictions of hurricanes’ tracks and strengths. Accurate forecasts of Melissa’s turn to the northeast gave many people across Jamaica, Cuba and the eastern Bahamas extra time to evacuate to safer areas before the hurricane headed their way.

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      Throughout 2025, most hurricanes similarly veered off toward the open Atlantic, sparing the U.S. mainland. To understand the forces that shaped these storms and their paths, let’s take a closer look at Melissa and the 2025 hurricane season.

      Origins

      Before they evolve into powerful hurricanes, storm systems start out as jumbled clusters of clouds over the open ocean.

      Many of 2025’s Atlantic tropical cyclones began life far from the U.S. coastline in the warm waters west of Africa, near the Cape Verde islands. These Cape Verde hurricanes are consistently blown toward the United States, especially during peak hurricane season.

       A map shows 13 storms, most starting far from the U.S. and curving off into the open Atlantic. 
      Storm tracks for the 2025 Atlantic tropical cyclone season, through Oct. 26. Hurricane Melissa’s meandering track is seen far to the south, just off the coast of Jamaica. Sandy14156/Wikimedia Commons, using NOAA data

      The driving force steering these storms is a hot, semi-permanent high-pressure air mass often found spinning above the Atlantic Ocean known as the Bermuda high or Azores high.

      When this high-pressure system, or subtropical ridge, is positioned farther east, closer to the Azores islands, its strong, clockwise-rotating winds typically curve tropical cyclones briskly out to sea toward their demise in the cold North Atlantic. When the high-pressure ridge is closer to the U.S. and centered over Bermuda, it can send storms crashing into the U.S. coast.

      Because that high-pressure system was positioned further east in summer and fall 2025, many of the season’s strongest storms, such as hurricanes Erin, Gabrielle and Humberto, swung east of the U.S. mainland. Combined with an active jet stream above the Southeast U.S., most tropical cyclones were steered away from the Atlantic coast.

      The clouds that eventually became Hurricane Melissa traveled farther to the south, avoiding the Bermuda high and making their way into the Caribbean Sea.

      Balancing Act

      After a tropical cyclone forms, its path is guided by the movement of air surrounding it, known as atmospheric steering currents. These steering currents direct the forward movement of storms in the Atlantic at speeds ranging from a sluggish 1 mph to a blistering 70 mph or more.

      Hurricane Melissa’s meandering track was determined by these steering currents. At first, the system was caught between winds from high-pressure systems to its northwest and southeast. This setup trapped the storm over the warm Caribbean Sea for days, just to the south of Jamaica.

       An animation shows the direction of steering winds over four days 
      Charts of high-level steering currents over five days, Oct. 23-27, 2025, show the influences that kept Hurricane Melissa (red symbol) in place for several days. The strong curving winds in red are the jet stream, which would help steer Melissa northeastward toward the open Atlantic. Cooperative Institute for Meteorological Satellite Studies/University of Wisconsin-MadisonCC BY-ND

      As a tropical cyclone is steered by outside forces, its internal makeup also constantly evolves, changing how the storm interacts with its steering currents.

      When Hurricane Melissa was a weak, lopsided system, it didn’t receive much of a push from its upper-level environment. But hurricanes draw energy from warm water, and Caribbean sea surface temperatures have been rising. As Melissa gained strength from very warm ocean water below, it grew taller. Like a skyscraper reaching high into the air, major hurricanes like Melissa have towering thunderstorms and feel more of a push from upper-level winds than weaker storms do.

      Melissa’s center also became aligned vertically, allowing the tropical cyclone to rapidly intensify from 70 mph to a staggering 140 mph sustained winds in 24 hours, and it would continue to strengthen.

       A map shows warm water temperatures south of Jamaica, where Hurricane Melissa passed through. 
      Hurricanes need ocean temperatures above about 80 degrees Fahrenheit (27 degrees Celsius) for a storm to gain enough energy to strengthen. The water south of Jamaica was much warmer than that while Hurricane Melissa meandered there, quickly gaining strength on Oct. 26, 2025. NOAA Coral Reef Watch

      Eventually, the precarious atmospheric balancing act holding Melissa in place collapsed. A ripple in the jet stream known as an atmospheric trough steered the hurricane to the northeast and into the Jamaican coast.

      Melissa’s snail’s pace of about 2 mph was rare but not unheard of. Slow storms like Melissa are more common in October, as steering currents are often very weak or pushing in opposite directions, which can trap a tropical cyclone in place. Similar steering currents affected Hurricane Matthew in 2016.

      Tragically, stalled tropical cyclones often bring prolonged rainfall, winds, flash flooding and storm surge with them. The wind and downpours can be extreme for mountain communities, as their high topography enhances local rainfall that can trigger mudslides and flooding, as Jamaica saw from Melissa.

      Better Forecasting

      Meteorologists generally understand how atmospheric steering currents guide tropical cyclones, yet forecasting these wind patterns remains a challenge. Depending on the atmospheric setup, certain hurricanes can be harder to forecast than others, as changes to steering currents can be subtle.

      New approaches to hurricane track forecasting include using machine learning models, such as Google DeepMind, which outperformed many traditional models in forecasting storm tracks this hurricane season. Rather than solving a complex set of equations to make a forecast, DeepMind looks at statistics of previous hurricane tracks to infer the path of a current storm.

      NOAA Hurricane Hunter reconnaissance data can also accelerate progress in predicting tropical cyclone paths. Recent tests show how accounting for specific measurements from within a hurricane can improve forecasts. Certain flight patterns that Hurricane Hunters and drones fly through strong hurricanes can also improve predictions of a storm’s path.

      Scientists and engineers aim to further improve hurricane track and intensity forecasts through research into storm behavior and improving hurricane models to better inform the public when danger is on the way.

        

      LOOSE CANNON covers hard news, technical issues and nautical history. Every so often he tries to be funny. Subscribe for free to support the work. If you’ve been reading for a while—and you like it—consider upgrading to paid.

         
       

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    • Elizabeth City: Save the Date: Christmas Celebrations


      Elizabeth City sits at the southern terminus of the Dismal Swamp Canal and has the well-earned reputation of being a transient-friendly town with free dockage for 72 hours.

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    • Weather Alert – Quiet In the Tropics – SCDNR

      South Carolina Department of Natural Resources color logo and white text of agency name and State Climatology Office

      Weather Alert  –  November 7, 2025

      Quiet In the Tropics

      The tropical Atlantic is quiet again. We have no organized features to track, and it’s unlikely we’ll see any form over the next two weeks. With only three weeks left in the hurricane season, there’s a good chance that we won’t see any more tropical cyclones form in the Atlantic until next season.

      The satellite view of the Atlantic shows only one feature of interest: an area of disturbed weather over and east of the Lesser Antilles.

      A visible satellite image showing a lack of activity over the Atlantic tropics

      This visible satellite image shows only one feature of interest over the Atlantic tropics: an area of disturbed weather near the Lesser Antilles

      Image Source: University of Wisconsin RealEarth

      That feature will crawl westward in the coming days. Strong westerly winds aloft will cause too much vertical shear for it to develop through at least this weekend. Conditions for it will be less hostile once it reaches the western Caribbean Sea around the middle of next week. A few computer models think that this feature will become a tropical cyclone before reaching Central America, but not many. I think the chances of that happening are less than 10 percent.

      Even if a storm did form, there’s no reason to believe that it would ever affect South Carolina. The few models that show a storm forming are keeping it buried over Central America until it dissipates.

      While the tropics are not a concern for us now, and it may be months before we face any tropical threats again, it’s important to remain prepared. If it’s not something coming out of the tropics, it can be tornadoeswinter storms, and even earthquakes. So, check out those SCEMD webpages to be well-informed about disaster preparedness.


      This week’s weather has been a case study in why we love living in South Carolina, but the stretch of warm, dry days is about to end. A trio of fronts will make our weather more active and flip us into a January-like setup by Monday. The current weather map from the Weather Prediction Center shows where they are.

      The current weather map from the Weather Prediction Center as of 7 a.m. Friday

      The first is a stationary front to our south that will retreat northward this afternoon. It will only generate some clouds because we have dry air in place around the region. However, southwesterly winds ahead of the next front (now stretching from Lake Superior to Texas) will bring an increase in humidity. That front will cross South Carolina on Saturday and trigger a scattering of showers, perhaps as early as pre-dawn in the Upstate. The showers mainly stay confined to the north during the day, and a few spots may see a thunderstorm in the afternoon. Showers are likely to affect more of the state Saturday night. Otherwise, we remain warm with highs in the mid to upper 70s; the warmest spots could touch 80.

      A Pacific-origin air mass will move in behind this cold front, so temperatures don’t fall much on Sunday; in fact, much of the state will see highs in the 75-80° range again, with only the Upstate seeing slight cooling. However, our third front, the one now over the upper Midwest and Plains states, will reach us on Sunday. There is some uncertainty about how much moisture from the Gulf and Atlantic this front will be able to tap into. Some models keep us mainly dry as this front moves through, while others show more scattered showers and even some thunderstorms during the afternoon and evening across the Coastal Plain. Any thunderstorms that do pop up could be locally gusty. 

      A polar air mass will rush in behind this front, causing the bottom to fall out of our temperatures. We go from October-like to January-like in hours. We drop to the 30s and 40s from Upstate to the coast by early Monday, and Monday’s highs will only range from the middle 40s along I-85 to the upper 50s at the coast. Monday’s also going to be blustery with gusts in the 30-35 mph range, making it feel even colder. Most of the state will see subfreezing temperatures Monday night into Tuesday morning, with a hard freeze over much of the Upstate and Catawba region.

      Forecast lows for Tuesday morning from the National Weather Service

      Forecast lows for Tuesday morning from the National Weather Service

      Image Source: WeatherBELL

      The cold blast looks to be transient. Tuesday will also be chilly with highs only in the upper 40s and lower 50s, but we’ll warm up again starting Wednesday as we return to the 60s. By Thursday, most places will see highs of 65-70°, and Friday through next weekend will likely feature highs in the 70s again. Most models show a cold front approaching us next weekend, but stalling to our north. Some say enough moisture will get involved with the front for stray showers for parts of our state, but others think we’ll stay dry.

      Speaking of dry, we’ve seen some improvements in this week’s U.S. Drought Monitor, which better captures the rain we saw about 10 days ago. However, a large chunk of the state is abnormally dry or in drought.

      This week's U. S. Drought Monitor shows about a third of SC abnormally dry or in drought.

      While much of the state will see some rain over the weekend, amounts will be light in most places. So, this won’t bring any significant drought relief. Next week looks dry, rain chances for next weekend are low, and prospects for the following week are also not great. So, the drought will likely worsen and expand again over the coming weeks.


      Frank Strait
      Severe Weather Liaison
      S.C. State Climate Office

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    • Cruisers’ Net Weekly Newsletter – November 7, 2025

      Cruisers’ Net Newsletter for this week has just been emailed via Constant Contact.
       
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