New industry body will be working with the United States Superyacht Association to position Chesapeake Bay as a destination for yachts in the 24m-plus size range.
With 11,684 miles of coastline Chesapeake Bay is the largest estuary in the US and in an effort to increase business — and attract boaters to the area — 14 regional organizations have come together to form The Mid-Atlantic Superyacht Marketing Committee. The new industry body will be working with the United States Superyacht Association to position the Bay as a destination for yachts in the 24m-plus size range.
Commenting on the news, Jay Dayton of the US Superyacht Association, says: “Unique historical sites with deep maritime heritage dating back to the 1600s and quaint towns dot the Bay’s coastline and are easily accessible by boat.
“Large yachts can access the Bay through the C&D Canal from the North and the mouth of the Bay from the South as they travel to and from their winter and summer ports of call. Attracting these yachts will have a significant impact on local economies as they provision, fuel and tour the region.”
Many ports of call such as Baltimore and Annapolis, Md.; Cape Charles and Portsmouth, Va.; and National Harbor, D.C., feature facilities large enough to accommodate superyachts.
Maryland has made it more inviting for large yachts to visit its waters with the passing of updated Bay Pilot regulations, which state that Bay Pilots are no longer needed on vessels under 60m (200ft) with a draft of less than 3.6m (12ft) and a boat sales tax cap.
The global superyacht industry is valued at approximately US$32bn dollars supporting over 6,000 businesses and roughly 260,000 jobs. A single vessel over 54m (180ft) generates over US$4m in estimated annual expenditures.
The Mid-Atlantic Superyacht Marketing Committee aims to build the region’s market share and enhance its competitive position in this market.
The new industry body is comprised of representatives from
- Avon-Dixon Insurance Agency
- Baltimore Marine Centers
- Cape Charles Yacht Center
- Chesapeake Bay Magazine
- Coastal Properties
- Marinalife Magazine
- Marine Trades Association of Maryland
- National Harbor
- Oasis Marinas
- Ocean Marine Yacht Center
- Suntex Marinas
- Trans-Atlantic Agencies
- Triton Marinas
- US Superyacht Association