Doughnut baron Ron Joyce of Tim Hortons fame says he has forked out $30 million for a new power yacht that has just hit the water in Gulfport, Miss.

It’s big — just a few metres shorter than the Canadian navy’s coastal defence vessels. The bunks are a little cushier, though.

‘‘We don’t get too many of this size being built by Canadians,’’ said Diane Byrne, executive editor at Power & Motoryacht, one of North America’s better-known luxury boating publications.

Joyce’s newest water-going palace, Destination Fox Harb’r Too, was launched Tuesday from the yards of Trinity Yachts in Gulfport.

The triple-decked vessel was to undergo initial water trials and finishing touches before being handed over to its owner sometime in the next few weeks.

Joyce, the Tatamagouche, N.S., native who co-founded the Tim Hortons doughnut chain and made millions from its sale, said Tuesday he is very impressed with his new vessel and wants to bring it to Halifax as early as June.

‘‘There was a bit of a problem getting my other boat to Canada,’’ he said. ‘‘This one is made in the U.S. so I’m hoping we don’t hit the same snag.’’ Source...