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Cruise Ship at Port of Palm Beach Having Bankruptcy Problems

According to the Palm Beach Post, the new owners of the Palm Beach Princess is having difficulty raising the $500,000 security deposit required to operate out of the Port of Palm Beach. The cruise ship is the second biggest tenant, behind Tropical Shipping. The Princess has a $185,000-a-year lease.

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Town Council Opposes Port Feasibility Study

The council told Port of Palm Beach officials that it cannot support their estimated $2 million feasibility study to deepen and expand the Lake Worth Inlet and Intracoastal to accommodate larger and fully loaded ships.

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