Singapore, Thailand attract luxury yachts as Middle East risks rise

A luxury pleasure boat is showcased during the Singapore Yachting Festival on the city-state's Sentosa Island in April. (Photo by Dylan Loh)

Owners, industry players seek 'safer' harbors in Southeast Asia amid US-Iran war

SINGAPORE — Since the U.S.-Iran war broke out in February, Jiratit Thinakorn, co-founder of Thai pleasure boating services company Flow Yacht Club, has observed three superyachts change their docking base from Dubai to Thailand's resort island of Phuket.

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