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Nicholson Yacht's Kelly Shea on Yacht Charter Vacations (Audio) · Bloomberg Intelligence

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  Speaker 1: Broadcasting live to New York, Bloomberg eleventh Rio to Washington,
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  Speaker 1: d C, Bloomber to Boston, Bloomberg twelve hundred to San Francisco,
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  Speaker 1: Bloomberg nine to the countries is Exam General one and
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  Speaker 1: around the globe the Bloomberg Radio plus DApp and Bloomberg
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  Speaker 1: got gone. This is taking stock. I'm Kathleen Hayes along
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  Speaker 1: with Pim Fox. Is it time to sit in the
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  Speaker 1: lap of luxury by chartering a beautiful yacht? Yes, it
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  Speaker 1: may be easier than you think, Pim. Yes, indeed, we're
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  Speaker 1: gonna be speaking with Karen Kelly Say, the President, chief
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  Speaker 1: executive of Nicholson Yachts from Newport, Rhode Island, gonna give
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  Speaker 1: you details about how to get on the high seas.
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  Speaker 1: Right now, let's get some news from Charlie Pellett in
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  Speaker 1: the Bloomberg news room. And I thank you, Pim, Thank you, Kathleen.
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  Speaker 1: Not so smooth sailing for stocks today. The DAL the
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  Speaker 1: SMP Nezzac Hall Trading Lord twenty nine minutes to go
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  Speaker 1: ahead of the bell. And right now we've got the
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  Speaker 1: SMP down seven to two thousand seventy and dropped there
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  Speaker 1: of four tenths of one percent. Now stocks have paired
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  Speaker 1: declines that the SMP five hundred index is heading for
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  Speaker 1: the biggest weekly slides since April. Commodity shares rallying, with oil,
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  Speaker 1: healthcare and technology companies trimming losses. Speaking of oil now
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  Speaker 1: up four point two percent. West Texas intermediate crude back
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  Speaker 1: above forty eight dollars of barrel for sixteen on w
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  Speaker 1: t I right now it is up by a dollar
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  Speaker 1: ninety six. And the Bloomberg Television exclusive this morning, did
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  Speaker 1: you catch it? We sat down with VP CEO Bob Dudley.
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  Speaker 1: He talked about a number of topics, including the oil
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  Speaker 1: price for shale drillers. Very big differences in the spectrum
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  Speaker 1: of it. And I'm sure there's a lot on the
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  Speaker 1: fringes of the heartlands of the shale it'll take very higher,
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  Speaker 1: much higher oil prices. But in the really heartland, some
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  Speaker 1: of the areas in the permanent stuff they can they
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  Speaker 1: so it's not an exact on and off switch. And
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  Speaker 1: Dudley was interviewed at the conference in St. Petersburg Rush
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  Speaker 1: Show Warren Buffett's Berkshire Hathaway paid ninety ninety nine to
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  Speaker 1: that gives fresh details on that investment. Apple shares today
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  Speaker 1: they're down two percent of ninety five dollars and fifty
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  Speaker 1: nine cents. Viacom forecasting earnings for the quarter ending in
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  Speaker 1: June of lag behind analysts estimates, but the shares trading
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  Speaker 1: hard today by seven tenths of one percent. SMP five
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  Speaker 1: hundred in next down six to two thousand and seventy one,
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  Speaker 1: a drop of three tenths of one percent down, Industrials
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  Speaker 1: down fifty two, a drop also of three tenths of
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  Speaker 1: one percent, naz Stack down point nine percent, and gold
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  Speaker 1: up thirty cents, a gain of less than point one percent.
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  Speaker 1: And now let's look at the other stories making news.
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  Speaker 1: Thank you, Charlie from the Bloomberg News Room. I'm Jill Schneider.
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  Speaker 1: The debate over whether Britain should remain in the European
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  Speaker 1: Union remains at a standstill today as the country mourns
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  Speaker 1: the death of law maker Joe Cox. Parliament will be
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  Speaker 1: recalled from a break Monday to pay tribute to Cox,
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  Speaker 1: who was killed yesterday in northern England while meeting with constituents.
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  Speaker 1: A suspect is in custody. A police officer who helped
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  Speaker 1: he is still haunted by the experience. Eatonville police officer
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  Speaker 1: Omar Delgado says, it's been overwhelming. Still have trouble sleeping,
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  Speaker 1: Still have troubles of my eyes because he just continues seeing.
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  Speaker 1: Boston officials who coordinated the Victim's Fund after the Boston
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  Speaker 1: the victims. Here's Mayor Buddy Dyer. A lot of uh
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  Speaker 1: great community partners have given a lot of money to
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  Speaker 1: the fund. Last time I checked, that was over seven
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  Speaker 1: I'm Jill Schneider, Charlie, and we thank you and again
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  Speaker 1: recapping here stocks lower SMP five index down six to
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  Speaker 1: two thousand seventy one, a drop of three tenths of one.
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  Speaker 1: I'm Charlie Platon. That's a Bloomberg business flash. We're taking
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  Speaker 1: stock the look's life, gold jowls, uncleaned, properties of valuable nature.
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  Speaker 1: Now you live in that right front house? Can I
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  Speaker 1: be your financial adviser? It's good to be keen. I
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  Speaker 1: thought you and I have right out. And remember how
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  Speaker 1: much I wanted a big backyard with Grecian statue s
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  Speaker 1: shaped hedges and three swimming pools. Well, I got that
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  Speaker 1: to Bloomberg taking stock the lust life on Bloomberg Radio.
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  Speaker 1: Recreational boating is a popular leisure activity in the United States.
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  Speaker 1: More than eight million US adults have participated in recreational
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  Speaker 1: boating last year. That means using a boat for sports
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  Speaker 1: activities such as fishing and water skiing, or indeed even
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  Speaker 1: to travel. But what I should like to use a
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  Speaker 1: boat to take a vacation, to see something that you
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  Speaker 1: couldn't see without access to the water. Well, one of
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  Speaker 1: the things you might do is consider a yacht charter.
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  Speaker 1: And Karen Kelly Shay is the president and the chief
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  Speaker 1: executive of Nicholson Yachts. She joins us from Newport, Rhode Island,
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  Speaker 1: and she can be followed on Twitter at Nicholson Yachts. Karen,
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  Speaker 1: thank you very much for being with us. Thank you,
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  Speaker 1: Pim and Kathleen was great to be with you. Just
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  Speaker 1: begin by explaining to people that may not be famil
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  Speaker 1: earlier with what does a charter entail? Give us some details.
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  Speaker 1: The typical yacht charter that we organized has is fully
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  Speaker 1: crewed with a captain and chef, and depending on the
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  Speaker 1: size of the vessel, additional crew. Now, the captain will
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  Speaker 1: set an itinery based on the desires of the guests
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  Speaker 1: on board in the makeup of the charter party, and
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  Speaker 1: the chef will prepare meals according to any request or
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  Speaker 1: dietary restrictions or um vegan whatever you have. It can
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  Speaker 1: be done on a yacht. And uh generally a yacht
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  Speaker 1: owner who wants to defray some of the cost of yacht,
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  Speaker 1: of owning the yacht will offer it for charter. And
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  Speaker 1: that's what we do. We find clients to put on
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  Speaker 1: board the yachts. You know, this also makes me think
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  Speaker 1: that that old joke, right, the happiest day of a
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  Speaker 1: boat owner's life, and I guess maybe it applies to
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  Speaker 1: yacht owners is the day she buys it and the
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  Speaker 1: day she sells it, right, Because it's a lot of work.
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  Speaker 1: It is a lot of expense. Although you own a yacht,
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  Speaker 1: you probably aren't maintaining it yourself. Give some sense of
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  Speaker 1: the car. I call you up, I need a you know,
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  Speaker 1: a yacht for six people for a weekend. What am I?
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  Speaker 1: What am I? What's my price range? You know it's there.
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  Speaker 1: They're surprisingly affordable and it depends on on the number
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  Speaker 1: of people in your party, and also the size of
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  Speaker 1: the ves on and the amount of luxury and looking
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  Speaker 1: for a sailing yachts tend to be a little bit
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  Speaker 1: less expensive than power boats. And for instance, if your
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  Speaker 1: party of six and we put you on a seventy
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  Speaker 1: two foot sailing yacht, um, the cost of that for
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  Speaker 1: a charter here in New England is about twenty dollars
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  Speaker 1: a week plus your expensive plus food. So you know,
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  Speaker 1: if you if you divide it by six people and
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  Speaker 1: look at the cost of a hotel and um restaurants
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  Speaker 1: and and rental cars and that kind of thing, you know,
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  Speaker 1: it's not far off. Now, that's kind of mid range there.
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  Speaker 1: We do have some boats that are less expensive and
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  Speaker 1: we can straight on up to you know, very expensive,
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  Speaker 1: depending again on the level of luxury that the clients
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  Speaker 1: are looking for. Karen, And what if you could describe
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  Speaker 1: some of the locations that are accessible typically only by
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  Speaker 1: a boat, by a yacht. Well, let's see, um, you know,
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  Speaker 1: along the coast of New England, some of the little islands, um,
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  Speaker 1: you know, Nantucket and Martha's Vineyard, Block Island. You know,
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  Speaker 1: you can get there by ferry, but it's much more
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  Speaker 1: fun by a yacht cutty hunk on up to the
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  Speaker 1: coast of Maine and the Canadian Maritimes, you know, along
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  Speaker 1: the coast of Florida, South Carolina, some of the Bahamas
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  Speaker 1: islands that may not even have airports. Actually, um, I
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  Speaker 1: just did a trip to Cuba by yacht. We flew
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  Speaker 1: out of we flew into Key West and took a
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  Speaker 1: yacht from Key West to Cuba and back and it
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  Speaker 1: was just fantastic. It really was. What a great way
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  Speaker 1: to see the island and I had it was my
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  Speaker 1: first trip there. It was wonderful. So for someone who's
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  Speaker 1: ever been on a yacht or done a trip like this,
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  Speaker 1: just tell them from your experience what you would like
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  Speaker 1: them to know. You are not just in this from
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  Speaker 1: a business angle, the yachting, the you know this this
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  Speaker 1: bug bait you a long time ago. Well, you know,
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  Speaker 1: it's just I'd like to sail and and I lived
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  Speaker 1: in the Caribbean actually during the eighties after college, and
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  Speaker 1: that's kind of how I got got involved in this.
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  Speaker 1: And uh, sailing through the islands and visiting the island.
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  Speaker 1: What a great way to see the Caribbean islands. I mean,
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  Speaker 1: there are some small islands like um, the Grenadines and
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  Speaker 1: the Saints that that don't have airports and you can
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  Speaker 1: only get to buy boat h same thing with the
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  Speaker 1: Galapagos Islands. I did a trip there and you know,
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  Speaker 1: just fantastic way to see them and to really get
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  Speaker 1: up and up close and personal with the animals and
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  Speaker 1: the wildlife and the beauty of the islands. What about
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  Speaker 1: a family vacation on board such a yacht. What kinds
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  Speaker 1: of details do people need to address? It's it's an
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  Speaker 1: ideal vacation really for families. When my children were young,
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  Speaker 1: probably two and four, we did a trip on Academy
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  Speaker 1: in the Grenadines Islands and it was wonderful. My son
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  Speaker 1: was crawling and it was a very safe boat. We
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  Speaker 1: put life best on the two of them and they
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  Speaker 1: respect the water and you know, we're just fine. It was.
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  Speaker 1: It was really great. We it was easy to keep
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  Speaker 1: an eye on that my son would crawl around the cockpit.
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  Speaker 1: It was. It was actually very nice. So what's your
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  Speaker 1: next destination by boat? By yacht? Next destination by yacht? Um,
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  Speaker 1: maybe Maine this summer. It's a wonderful time to go
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  Speaker 1: to to Maine. Uh In in the summer in New England,
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  Speaker 1: actually all over New England is it's beautiful. Right here
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  Speaker 1: in Newport today we had the start of the Newport
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  Speaker 1: of Bermuda Race and we we have thought clients out
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  Speaker 1: on yachts that are watching that start and then going
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  Speaker 1: off on their charter. So it's very exciting. Um you know,
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  Speaker 1: vanu Maine to Bermuda sounds lovely to me. Karen Kelly Sha,
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  Speaker 1: thank you so very much for joining us as we
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  Speaker 1: look at the luxury aboard a yacht, a yachting vacation.
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  Speaker 1: She's president and CEO of Nicholson Yachts based in Newport,
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  Speaker 1: Rhode Island. I'm Kathleen Hayes. Along with him Fox, we're
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