In what organizers describe as heartbreaking, a decision has been made to cancel the 2014 Shipyard Cup.

The Shipyard Cup, scheduled for August 8-10, is a superyacht sailing regatta held annually in Boothbay Harbor.

“Unfortunately a disproportionate number of superyachts stayed in or went back to the Mediterranean this year so the fleet was down to a level that just made it difficult to hold the event,” said Ed Roberts, Shipyard Cup Event Chairman. “We worked tirelessly to attract boats to Maine for the event, but this year is an off year in New England. Even the Newport Bucket, which normally attracts a large fleet, is down to a small handful of boats.”

“The event team is hard at work on a number of strategies to make the event successful and fun for both participants and sponsors in the coming years," said Hodgdon Marketing Manager and Event Manager, Holly Paterson.