Derecktor Selected to Operate New Megayacht Shipyard in Fort Pierce, Florida

Derecktor Shipyards has been chosen develop and operate the first purpose-built megayacht repair and refit yard in the United States located in Fort Pierce, Florida. The yet-to-be-built yard will be developed to service yachts of over 200 ft. and 900 plus tons. It will also include a 1400 ton mobile hoist (along with a 3500 ton or larger drydock) for the hauling and service … [Read more...]

Megayacht Attessa IV Involved in Fatal Collision with Fishing Vessel Off Southern California

The 332-foot megayacht Attessa IV was involved in a collision with a 65-foot sport fishing vessel off the coast of Southern California near the U.S.-Mexico border on Friday night, resulting in multiple injuries and one fatality. The U.S. Coast Guard said it medevaced one injured person via helicopter and rescued additional seventeen passengers from the sportfisher Prowler … [Read more...]

Russian Billionaire to Lose $492 Million Expedition Yacht in Divorce

By Jonathan Browning (Bloomberg) -- A London court ordered the seizure of a luxury $492 million yacht owned by a Russian billionaire as judges sought to enforce one of the largest divorce payouts in U.K. history. The court ruled that Farkhad Akhmedov should transfer ownership of the 115-meter (380-foot) MV Luna, currently impounded in a dry dock in Dubai, to his wife, … [Read more...]

GoPro: Hellenic Coast Guard Rescues Crew from Sinking Superyacht

https://www.youtube.com/watch?v=a071BduRkTc Check out this GoPro video shot by the Hellenic Coast Guard during a 2012 rescue of 8 crew members from the sinking superyacht Yogi. We actually covered this incident way back when. The yacht ended up sinking off the coast off the Greek island of Skyros in the Aegean Sea. The 60-meter yacht, previously available for … [Read more...]

How To Sail Aboard The World’s Biggest Megayacht

by Nikki Ekstein (Bloomberg) It takes a lot of good business to be able to afford a megayacht. But owning one is very, very bad business, according to Aaron Simpson, founder and group chairman of the members-only concierge service Quintessentially. “It costs 10 percent of a yacht’s purchase price just to maintain that boat every year,” said the London-based entrepreneur. “If … [Read more...]