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    • Famed Maine Schooner Goes Down in New York City, Just Like Any Other Derelict Vessel – 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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      Brad Vogel, an independent writer who covers waterfront news around Brooklyn, took this photo. Vogel said the Victory Chimes (right) sank sometime between Friday night and Sunday. Pilot had sunk a few days earlier. There had not been time to wrap an oil-spill barrier around Victory Chimes..

      It became clear to me last July that if nothing had begun in converting her to a restaurant she wasn’t going to make it much further. Not sure when the took Pilot out of restaurant service, but apparently something changed for them, and they were stuck with them.—Captain Paul DeGaeta

      The most overused word in the English language at this moment in history is iconic. Almost everything is iconic nowadays, it would seem. Nonetheless, those overworked three syllables are the best possible descriptor for Victory Chimes, the three-masted schooner from Maine that a waterfront restaurant chain in New York City left to sink.

      Yeah, the boat on the tails side of the Maine quarter¹ sank over the weekend. She and Pilot, another old-timey wooden boat which also sank, were being stored at anchor by the Crew restaurant company. The sinking happened during or after a squall that was much publicized because it had hit the Tall Ships in New York for the 250th celebration while at anchor.

         

      Victory Chimes was built in 1900 as a cargo ship to work Chesapeake Bay. The 128-footer was originally named the Edward & Maude. She had no engine and relied on a pushboat for close-quarters maneuvering, a “yawl boat.”

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      For the most part of 50 years, beginning in 1954, Victory Chimes carried passengers for hire on multi-day tours of Midcoast Maine, staging from Rockland.² With capacity for up to 10 crew and 40 passengers, thousands of visitors sailed aboard her over the decades, handling lines and eating chili and chowder out of big pots.

      There was great sadness at news of the sinking, and bitterness too.

         
      The two boats appear to have been rafted together before sinking. (Photo by Jesse Briggs)

      Captains Kip Files and Paul DeGaeta bought the boat in 1990 and operated as a passenger vessel until 2018. Here’s what DeGaeta said this week after hearing the news:

      After seeing Victory Chimes in July 2025, I predicted she’d sink this winter. The tough old girl lasted longer than I thought.

      I didn’t see signs of even the most minimal maintenance being done. She was pumping water at an incredible rate, which makes me wonder if anyone was even noticing and how much she was insured for.

      Things worked out very differently than Kip and I had hoped for in passing her along to future caretakers. She had 118 good years followed by a steady decline that only accelerated.

      Heartbreaking. But you’d have to show me a three-masted or larger American sailing vessel that represented the American spirit any better than Victory Chimes: Her legacy was earning a steady living under working sail longer than any of the larger American traditional sailing vessels—she never had a penny of foundation or 501(c)(3) money. Victory Chimes supported herself, until she couldn’t anymore.

      The Chesapeake Bay Maritime Museum could have had her but decided on a bascule bridge instead. Kip worked for years trying to get her to Mystic. We watched historic builds of copycat vessels raise millions, while the Chimes could have been had for a fraction of that cost.

      And now, maybe those elitist frauds at WoodenBoat magazine will do an article in relation to the Tall Ships parade. They never paid any attention to Victory Chimes during (another owner’s) efforts to save her in 1987, aside from a snide remark about the name change, nor during our 28 years as her caretakers. Instead, they portrayed the new owners as heroic figures, gallantly riding in to rescue her as a restaurant. In reality, they did nothing more than allow her to sit unattended and give up the ghost.

      How freaking ironic—she participated in Operation Sail during the Bicentennial in 1976, then ends up on the bottom as a host of traditional sailing vessels from countries that truly care about them parade by for 250 years. You’ll never convince me that vessels lack a soul; that was her final message as an American National Historic Landmark and representing Maine on the State Quarter. She didn’t want to be a restaurant; she was meant to run free before the wind.

         
      This photo was taken from Fireboat, a Crew-owned bar on a retired 1960s New York City Fire Department firefighting vessel.

      In May 2023, New York City restauranteurs Miles and Alex Pincus bought Victory Chimes at auction in May 2023 for $75,900. Under the corporate name Crew, the brothers operate several waterfront or harbor-themed restaurants, a few of which are old boats. Pilot, which sunk a day or so before Chimes, had been taken out of service as a floating eatery not too long ago.

      “We’ve admired Victory Chimes for quite some time. When she went up for auction, we felt a responsibility to step in and ensure her preservation. We don’t have a plan yet other than to get her into safe harbor,” the Pincus brothers said in a May 2023 statement.

      Brad Vogel, who covers maritime happenings in Brooklyn, said the vessel sank sometime between Friday night and Sunday. Using his screen name BoweryBird, Vogel had some harsh words for the vessel’s caretakers at Crew:

      bowerybird bowerybird

      933 likes
      Brad Vogel on Instagram: “ 😣  And now Victory Chimes has sunk! T…

      In a July 6 statement, Crew company Vice President Marisa Chiarello said in part:

      In response to both incidents, our team called in maritime salvage experts to make a plan to safely raise the vessels, determine the cause of the sinking, and assess any damage to the hulls. We remain hopeful they can be salvaged and restored. Since Crew was founded in 2014, we have been committed to restoring historic vessels for future generations and sharing the spirit of maritime adventure.

         

      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.

      1

      Being on the back of a commemorative quarter in New England may not be much of a lucky charm. The New Hampshire quarter featured an “iconic” rock formation called “The Old Man of the Mountain,” which looked a lot like an old Yankee farmer’s profile. The formation collapsed in May 2003, though it continues to ironically portray a head on the tails side of the Granite State quarter.

      2

      Loose Cannon became familiar with Victory Chimes during his service on another, brand new three-master that also operated out of Rockland. The boat was Kathryn B, built by Treworgy Yachts in Palm Coast, Florida. I worked on the commissioning and then as a member of her crew under her owner and captain, Gordon Baxter. Unlike Victory Chimes, this 105-footer was marketed as a luxury vacation with a capacity for 12 passengers in six staterooms. Renamed Alliance, she now runs educational sails from Sutton Bay, Michigan.

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    • Kadey-Krogen Files for Bankruptcy Liquidation, American Tugs Too. – 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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      Kadey-Krogen Files for Bankruptcy Liquidation, American Tugs Too.

      Revenue Declines Dramatically Over Past Three Years

       
       
       
       
       

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      Kadey-Krogens are considered among the best looking of the full-displacement trawlers.

      Kadey-Krogen this week ended its 49-year run as one of America’s finest producers of full-displacement trawler yachts after filing for Chapter 7 liquidation in Deleware’s federal bankrupcy court. Nearly 700 Krogens have been built, but apparently only two were “in the pipeline” when the company called it quits Monday.

      Kadey-Krogen’s fall has taken the American Tug brand down with it. Kadey-Krogen acquired the LaConner, Washington-based builder of semi-displacement trawlers in May 2023.

      Unlike Chapter 11 bankrupcy, in which a company may continue to operate, a business that has filed under Chapter 7 ceases to exist and its assets are sold off to pay creditors. Documents on file with the court indicate that Kadey-Krogen’s secured and unsecured claims total $2.2 million. Nearly 100 creditors are listed.

      Tucker West of Portsmouth, Rhode Island, signed the papers. He was president and CEO.

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      Back in 1977, marine engineer Art Kadey and naval architect Jim Krogen teamed up to create a vessel that combined the seakeeping of a fishing trawler with the yacht comfort and yacht ascetics. They were built at the Asia Harbor Yacht Builders yard in Kaohsiung, Taiwan.

      Krogens, as they are often called in conversation, are the yin to the yang of Nordhavn within trawler-yacht world. Nordhavn boats, made by Pacific Asian Enterprises, are generally considered the more capable bluewater performer. Krogens, though, are prettier.

      Trawlers, like other niche boating markets, experienced an “Covid bump” beginning a half decade ago. That is, a historic surge in sales, as affluent folks put money into outdoor lifestyles with built-in social distancing. That phenomenon has run its course, as Krogen sales revenue may reflect.

      The company’s 2026 drop in gross revenue was precipious. According to the banruptcy filing, gross revenue was around $14.9 million in 2024 and $10.1 million in 2025. As of the end of June, 2026 revenue was just $403,962.

      The documents mentioned two current boat orders. One was said to be 95 percent complete in Taiwan and 95 percent paid for. The other was listed as zero percent complete. There was no reference to whether a downpayment had been collected for the latter.

         
      An American Tug underway at semi-displacment speed, or is it semi-planing?

      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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    • 2026 Turning the Tide Summit – BoatUS Foundation

      BoatUS

      BoatUS is the leading advocate for boating safety in the US and A CRUISERS NET SPONSOR. 

      Registration Opens for 2026 Turning the Tide Summit

       
       

      Media Contact:

      Alisha Sheth
      BoatUS Foundation Senior PR Manager
      alisha@boatus.com 

       

      Registration Now Open for 2026 Turning the Tide Summit to  

       Examine Removal of Abandoned and Derelict Vessels, Boating-Related Waste​​ 

       

      The event is open to the public, including environmental experts, boating enthusiasts, policymakers and industry leaders 

       

      An image of an abandoned and derelict vessel 

       

      ​​SPRINGFIELD, Va​​. – ​​July 7, 2026​​ –​ Registration is now open for BoatUS Foundation’s 2026 Turning the Tide Summit, scheduled for December 6-9, 2026, in New Orleans. The in-person event will focus on exploring existing and emerging technologies and best practices for responsible and sustainable disposal of abandoned and derelict vessels (ADVs). This event will focus on topics pertaining to fiberglass and composite recycling as well as subjects related to shrinkwrap and other boating-related waste. 

       

      The Turning the Tide Summit is open to everyone, including environmental experts, boating and waste industry leaders, policymakers and anyone interested in deepening the conversation on responsible and sustainable management of end-of-life vessels and other boating-related waste. Attendees will have access to resources, panel discussions and keynote addresses that focus on ADVs and sustainable disposal solutions for boating related waste, including fiberglass and shrinkwrap.   

       

      “No waterway community is exempt or safe from ADVs and boating-related waste,” said Alanna Keating, BoatUS Foundation’s Director of Outreach. “We all have the power to protect our waterways and this summit is one significant way people can learn from each other, network and share solutions for taking real action that can benefit their communities for years to come.” 

       

      The cost to attend the four-day summit is $400 for general admission, $200 for nonprofit/government employees and $100 for students. Early bird general admission pricing of $350 is available through September 1. Registered attendees will have access to all sessions, a welcome reception, breakfast and lunch for the duration of the conference. To register for the summit, please click here to register. 

      ​​     ​ 

      This summit is part of the BoatUS Foundation ADV Program, whose ultimate aim is removing and preventing ADVs from the nation’s coastal waters and the Great Lakes to aid in navigational safety and maintain healthy marine ecosystems.  

       

      The program also includes the creation of a national database to pinpoint locations of ADVs and track their removal. These efforts are supported by the National Oceanic and Atmospheric Administration (NOAA) Marine Debris Program

       

      PRESS KIT:  

      • To view our press kit and additional resources, please click here. 

       

      ### 

       

      ABOUT THE BOATUS FOUNDATION: 

      BoatUS Foundation is supporting projects that were selected through their nationally competitive grant program for the removal of abandoned and derelict vessels throughout coastal and marine areas of the United States, including the Great Lakes, U.S. territories, and Freely Associated States. In an effort to help educate and prevent future ADVs, the Foundation also created a national ADV database to track the scope of the challenge and measure success, document ADV prevention and removal activities to share with the public, and support a national dialogue and education efforts on boating-related debris disposal. This project is supported by the NOAA Marine Debris Program. 

       

       

       

       

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    • Is El Niño hitting the brakes? – Fred Pickhardt


      Fred Pickhardt’s Substack is free today. But if you enjoyed this post, you can tell Fred Pickhardt’s Substack that their writing is valuable by pledging a future subscription. You won’t be charged unless they enable payments.

       

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      Is El Niño hitting the brakes?

      Or racing to a historic event?

       
       
       
       
       

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      The latest 7-day sea surface temperature (SST) trends reveal a clear pocket of localized cooling stretching from the coast of Ecuador westward to the Galapagos Islands!

         
      What’s happening?

      A recent surge of stronger easterly trade winds has triggered a localized upwelling of cooler ocean water to the surface. What will that mean in the longer term?

      The Data:
      • The Niño 1+2 Index (coastal South America) has officially leveled off since mid-June.
           

         

      • The crucial Niño 3.4 Region (Central Pacific) is showing a similar flattening of its warming trendline.
           
        Images: Tropical Tidbits

      We will be watching whether or not this short-term cooling is just a local fluctuation or a more meaningful trend since most ENSO models continue to predict a rapidly developing very strong, to a historic El Nino.

       

      Ocean Weather Services

      Forensic Marine Weather Expert

       

       

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      © 2026 Fred Pickhardt
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    • Slow Down & Stay Awhile in Elizabeth City – Elizabeth City


      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.

      https://visitelizabethcity.com/


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    • AIWA Newsletter, July 2026

      Cruisers Net is proud to be a member of the Atlantic Intracoastal Waterway Association, whose lobbying work is crucial to keeping the Waterway navigable and safe. Your membership dollars directly support their vital work. Please join and encourage your boating neighbors to do the same, regardless of their home port.

       

       

      Commercial Operators & Corporate Members Stakeholder Group
      July Meeting

      Earlier today, July 8th, the AIWA’s Commercial Operators & Corporate Members Stakeholder Group held their quarterly meeting to discuss issues impacting public movement and products along the waterway.

      Executive Director Brad Pickel began the meeting by providing a brief recap of progress in the federal appropriations process since the last meeting held in April. While Congress hasn’t finalized any appropriations bills, three congressional earmark requests totaling $22.8M are advancing through the House of Representatives, and for the first time, Senate earmark requests have been submitted by Senators Ossoff and Warnock for Georgia. The current funding chart is listed below.

      Representatives from the Wilmington District, Charleston District and South Atlantic Division of the U.S. Army Corps of Engineers offered updates on active and upcoming dredging and dredge material management projects across multiple Corps districts. In addition, Janet Zimmerman, Executive Director of the Florida Inland Navigation District, shared recently completed projects in Florida, and highlighted a shoaling concern in Nassau County just south of Fernandina Beach.

      The group discussed the limited openings of the north span of the North Landing Bridge in Virginia. North Landing Bridge’s limited openings (twice daily at 10 AM and 7 PM only) are significantly disrupting commercial operators. Upon group agreement, the AIWA will request a third daily opening to occur in the overnight hours.

      The next quarterly meeting is October 15, and we invite all commercial stakeholders and corporate members to participate. Please contact Brad Pickel for more information to get involved.

      We wish to thank the Florida Inland Navigation DistrictTaylor Engineering, Cross State Towing, Cottrell Contracting Corporation, and Kokosing Industrial Marine Division for support of the 2026 annual meeting.

      Sponsor Opportunities are available to promote your company to waterway experts. View sponsorships 🔗 here.

       
      MARAD Announces 2026 Marine Highway
      Grant Program Applications Now Open
      On July 6th, the Maritime Administration announced the opening of the application for the Marine Highway Grant Program. The Atlantic Intracoastal Waterway is part of the Marine Highway program as M-95.

      Eligible projects may be either capital projects, development-phase, or Marine Highway Transportation Planning Activities. Eligible project activities include components that 1) provide a coordinated and capable alternative to landside transportation; mitigate or relieve landside congestion; promote Marine Highway Transportation; or use vessels documented under 46 U.S.C. chapter 121; and 2) develop, expand, or promote Marine Highway Transportation or shipper use of Marine Highway Transportation.

      We encourage you to click this link for the Notice of Funding Opportunity (NOFO) to learn more about the program and apply.
       

       
       
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      Copyright © 2026. Atlantic Intracoastal Waterway Association. All rights reserved.

      The AIWA is a national non-profit organization with the mission of securing funding and support for the maintenance of the Atlantic Intracoastal Waterway. We are the only organization dedicated to ensuring the future of the AIWW and proudly represent all stakeholders of the waterway. 

      Contact:
      Atlantic Intracoastal Waterway Association
      5a Market |  Beaufort, SC 29906
      (843) 379-1151 |  atlanticintracoastal.org

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    • Cruisers’ Net Weekly Newsletter – June 26, 2026

      Cruisers’ Net Newsletter for this week has just been emailed via Constant Contact.
       
      If you want to view the newsletter but are not signed up to receive them automatically, you can view it at https://conta.cc/4eWYtaI or see it below.
       
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    • Bahamas Cruising Permit Information – As of April 2026

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    • What’s Happening At the Sea Pines Resort (July 2026), Harbour Town Yacht Basin, SC AICW MM 565


      Harbour Town at Hilton Head, with its familiar red-and-white-striped lighthouse, is a fine resort marina with an enormous number of amenities.

      Harbour Town Yacht Basin, A CRUISERS NET SPONSOR, is ready for your reservation with newly renovated docks, upgraded electrical service and onSpot WiFi, also a CRUISERS NET SPONSOR. And, as always, numerous activities at the Sea Pines Resort are offered for your enjoyment, as you will see in the Event Schedule below. Hilton Head Island is absolutely marvelous any time of year.

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    • What’s Happening At the Sea Pines Resort (Aug 2026), Harbour Town Yacht Basin, SC AICW MM 565


      Harbour Town at Hilton Head, with its familiar red-and-white-striped lighthouse, is a fine resort marina with an enormous number of amenities.

      Harbour Town Yacht Basin, A CRUISERS NET SPONSOR, is ready for your reservation with newly renovated docks, upgraded electrical service and onSpot WiFi, also a CRUISERS NET SPONSOR. And, as always, numerous activities at the Sea Pines Resort are offered for your enjoyment, as you will see in the Event Schedule below. Hilton Head Island is absolutely marvelous any time of year.

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