Supply chain challenges, paperwork stymied Moorings’ compliance

Challenges with its supply chain and a large amount of paperwork were among the issues that helped to stymie compliance with government regulations for the Moorings and its charter yacht vessels, Vice President (VP) of Operations Peter Cochran has said.

Several of the Moorings’ charter yacht vessels were detained last week for non-compliance with government regulations, while fines above $300,000 were handed down to the company.

Speaking at a joint press conference late last week, Cochran sad: “There’s been some challenges, I mean the pipeline to parts and supplies in terms of the post COVID situation with supplies has been challenging.”

Moorings has been complying

Cochran stated, however, that the Moorings is now in a position where it has been complying with requirements for its safety equipment and inventory after having successfully surveyed more than 200 of the vessels in its fleet.

Commenting on some of the other challenges faced by the Moorings, Cochran said: “The paperwork element of compliance has been challenging. We have a fleet of owners that obviously have to supply documentation and that’s been more time consuming itself.”

Further compounding the issue was a very quiet economic period over the past two years. Cochran explained that this lull result in some finance elements which he said added to the lack of compliance.

According to the VP, the Omicron variant of the COVID-19 virus also ‘took out’ a high degree of the Moorings staff even as it was preparing to go back into a high season.