A Miami-based yacht charter company can’t keep pace with luxury yacht prices

Miami-Dade charter company Cancun is scrambling to find new ways to keep pace in the luxury yacht market.

Last week, Cancuni, a New York-based company that specializes in charter boats, said it was shutting down its Miami operations after just one year.

The company said in a statement that the company was losing $100 million annually and was not profitable.

The statement said that Cancunn would seek to replace its fleet of luxury yachts with smaller vessels, while also investing in its own fleet.

A company spokesman declined to comment.

The Miami Herald reported last week that Canvun has also filed for bankruptcy protection.

Cancuncun declined to provide details about the companies assets, saying the information was confidential.

The move to retire the Cancuns fleet of yachties, which has been in service for more than 30 years, comes at a time when the country’s biggest yacht owners, including owners of luxury yacht brands, are also racing to keep up.

In recent years, the luxury boat industry has seen a sharp increase in the number of luxury vessels entering the market, which are increasingly marketed to the wealthy.

This year, there were more than 70 luxury yurts on the market in the U.S., up from around 35 a decade ago.

The industry has been a major driver of the growth in luxury yacht sales, with a new luxury yacht arriving every two minutes this year, according to data compiled by Bloomberg.

This trend will likely continue as luxury yacht makers invest in their own fleets, while increasing their fleets to cater to the needs of the elite.

Canvuns owners also hope to make the luxury yacht industry more accessible to millennials, who are becoming increasingly fiscally conservative and wary of the luxury lifestyle.

Last month, the New York Times reported that the number for the millennial age group increased to 20 percent in 2016, up from about 10 percent in 2014.