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"We've seen a substantial deflation of hull values, whether it's the $50 million yacht or the $2 million yacht," said Sean Blue, head of global watercraft at Chartis, the insurance company.
It caught up with Mr. Basse and five fellow surfers on the sunny morning of March 10, as they waited with surfboards and personal watercraft at a relatively unknown reef two miles off the coast of St. Jean-de-Luz, in France's Basque country.
Your Own Watercraft, at 10? If you are concerned about the dangers posed by personal watercraft -- those Jet Skis and WaveRunners that zip along a shoreline like drag racers on a Friday night -- then you may be heartened to learn that Gov. George E. Pataki signed legislation in July that will raise the minimum age of operation to 14.
Most Australian watercraft at the time of European contact were relatively small, fragile rafts made of reeds or branches, he says, whereas the trip to Australia would've required a proper boat, perhaps with an outrigger.
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He won his first world title on a personal watercraft in 1993 at the World Expert Jet Ski Championships in Arizona.
WORKING WATERCRAFT OF NEW YORK HARBOR, at six harbor sites around the city.
In past years, the start and finish line was at North Cove in Battery Park, but this year, competitors had to go six miles against the current on the bouncy Hudson River, peppered with boats and personal watercraft, to the finish at the Boat Basin.
Almost half of fatal coastal events were related to offshore watercraft, swimming alone or at night, or in rough unpatrolled surf.
New watercraft, he said, can travel at 52 miles an hour, more than twice as fast as the older class of vessels.
The investigation covered about 4 ha, and the watercraft's speed was maintained at about 3 km/h.
Scenic Hudson made few friends among old-time residents when, after the purchase, it banned personal watercraft and discouraged johnboats from launching at the cove, the mayor added.
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