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Oct
2013

Short term deregulation aims to stimulate the motor yacht sector

The motor yacht sector in China is still a fledgling industry that Lacks infrastructure and regulations, and consumers are never actually able to enjoy the real fun of boating even if they have enough money to
buy a yacht. In Shanghai, yachts have almost become ornaments rather than delivering any practical value. Owners or pilots need to report their course and sailing time to the Maritime Safety Administration (MSA) many hours prior to sailing, and even when you do set off, your speed must below 8 Knots, which wastes fuel and is no fun…

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