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Lust for bigger yachts leads California port to tap bond market

Saturday, May 16, 2015 - 05:50

Long Beach, California

LONG Beach, a blue-collar town known for cargo freighters, is selling US$112 million of bonds to make itself a beacon for another kind of ship: the yachts of the prosperous Pacific coast.

Catering to the tiny-vessel owner has been a struggling business since

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