Yacht Industry

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High-end yacht owners in China warn that water-use restrictions and other structural gaps are hindering industry growth, even as billionaire Richard Liu’s recent venture seeks to make yachts affordable for the masses.

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The Italian Sea Group has initiated a forensic review examining significant extra budget costs in its yacht building projects. The company, known as TISG, is probing unauthorised overspending related to these activities. Details remain limited as the full report is behind a registration wall.

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