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|English to Chinese translations [PRO]|
Social Sciences - Sports / Fitness / Recreation
|English term or phrase: be plugged of leaks|
|Peter Baker, president of Superyacht Technologies, a Fort Lauderdale marine project management firm, advises clients with red-ensign yachts to qualify for British Maritime Coastal Agency (MCA) code. MCA regulations establish strict guidelines for safety gear, evacuation routes, and fire-suppression equipment to make yachts as safe as possible. "When you go to sell the boat, most people will ask if it’s MCA-compliant," Baker says. "It might cost from $30,000 to $100,000 to get an older boat up to spec, but that might mean an extra million when it’s sold." Baker adds that several custom yacht builders are constructing all their new vessels to MCA code, ensuring that they retain their value.|
However, not every yacht’s resale value can be plugged of leaks. In the last three years, the market for yachts less than 100 feet has dropped. Today, a production yacht often sells for 20 percent below its historic value—bad news for owners of such vessels, but good news for owners seeking to purchase a new yacht, and one that might rise in value over time.
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