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Posted inLocal & State, sj-web

Super yacht docked in Portland Harbor among world’s largest

PORTLAND — The largest single-masted sailing yacht ever built is docked in Portland Harbor and towering over DiMillo’s Marina in the Old Port. Called the M5 and measuring about 277 feet long with a beam 54 feet, the massive pleasure craft arrived Monday, a DiMillo’s employee said. Where it’s headed or who’s aboard has not […]

Posted inBusiness

Lone Portland passenger study made assumptions, overestimated economic impact

Cruise ship passengers likely spend far less in Portland than generally thought. That’s because some overly optimistic assumptions have been made of the only scholarly passenger study focused on the issue. The 2009 study by University of Maine economists Todd Gabe and James McConnon concluded that the average passenger visiting Portland spent as much as […]

Posted inBusiness

Long-touted economic benefits of cruise ships far overstated

Second of three parts When the Maasdam, Grandeur of the Seas and Victory I docked nearly simultaneously in Portland on Mother’s Day morning, eastern Commercial Street was a hive of activity. Together the cruise ships had nearly 2,700 passengers aboard. By standard accounting, they supposedly spent a total of nearly $300,000 that day eating, drinking, […]

Posted inLocal & State, sj-web

Tall ships open to public this weekend

The Coast Guard tall ship USS Eagle heads into Portland harbor Friday morning.  The three-masted ship, one of two, is in Portland Harbor this weekend on the 227th anniversary of the founding of the U.S. Coast Guard. Known as “America’s Tall Ship,” the Coast Guard’s 295-foot barque USS Eagle docked at Portland’s Ocean Terminal. The Eagle […]