Florida to investigate Chinese-owned luxury yacht firm for operating base near US Coast Guard station

James Uthmeier, the attorney general of Florida, announced an investigation into a historic luxury yacht operator, now owned by a Chinese company, for operating too close to a US Coast Guard station in Fort Lauderdale, Florida.A supporter of the Chinese Communist Party (CCP) waves a Chinese flag as pro-Tibet demonstrators rally across the street in Washington, D.C. on September 24, 2026. (REUTERS)The Ferretti Group, founded in 1968, was acquired by Chinese Shandong Heavy Industry Group (Weichai) in 2012 with around 40% stake currently. The group has been operating their service headquarters in Lauderdale Marine Center since 2020.But the Ferretti Group landed in a controversy on Wednesday after a reporter with Florida Voice News, a local news outlet, confronted an employee about their links to China, and alleged backing by the Chinese Communist Party.As the supposed sting operation went viral on social media, Florida Attorney General James Uthmeier announced that they will be launching an investigation."Our office is launching an investigation," the Florida Attorney General said. "Unacceptable to have a CCP-controlled corporation operating in Florida!"The report on the Real Florida Voice flagged that Ferretti Group owns property in Fort Lauderdale. The location is just a few miles away from Port Everglades and the Coast Guard Station Fort Lauderdale.It claims that the ownership violates the 2023 law that restricts Chinese entities from owning property in Florida.Also read: Fed rate decision: Kevin Warsh faces pressure to explain pause as US inflation risesAG James Uthmeier did not reveal the exact specifics of the investigation or whether the ownership of the properties by the group in Florida violated any state laws.Ferretti Group's taking part Fort Lauderdale boat show sparks backlashThe outrage against the Ferretti Group seems to have started after it was announced that the company will take part in the prestigious Fort Lauderdale Boat Show.According to a report by The Floridian Press, local activists have raised concerns that Ferretti floating data centers at their Fort Laureldale base could pose a potential risk to national security.Also read: Flavio Bolsonaro arrives in US with family after defeat in Brazil's presidential electionThey allege that the Ferretti vessels reportedly collect and transmit engine data, GPS locations, route logs, satellite communications, and navigation inputs. This information could enable mapping of marinas, harbors, and waters near military installations.Doubling down on the allegations, Florida House Rep. Randy Fine wrote in an X post earlier: "You won’t believe what’s happening at the Florida Boat Show in Fort Lauderdale this week. Historic yacht builder and longtime attendee, Ferretti, is now controlled by a company run by the Chinese Communist Party - Weichai."