YachtPath Goes Under

I can't say that I'm surprised. Based on how they treated me as well as others, I thought their service model was too flawed for them to survive.

Apparently they left a lot of boats stranded at their port of delivery. The shipping companies refused to offload the boats, or they were impounded until the shipping bills were paid. Remember that the fee for every boat that YachtPath ships was paid in full long before they were loaded for transport. So YachtPath had the money in advance, they just mismanaged it to the point where they could not pay the shipping companies on time. 

I have collected many of the stories I found in the press. Please click on each and you'll get a clear picture of how YachtPath came to an end.

Click here for the story from Triton, the magazine devoted to professional captains and crews.

Click here for an  article from the website Scam Informer.

The South Florida Business Journal ran this article speculating about whether YachtPath had committed fraud.

SuperyachtNews.com featured this article on the YachtPath bankruptcy.

I could go on and on. But, if you do an internet search on YachtPath and Dennis Cummings, you'll find many reports of law suits and other problems experienced by their customers over the years.