The big story from over the weekend was without question the loss of the 40-meter sailing yacht MY Song in the Mediterranean Sea after the superyacht fell from the deck of the cargo ship that was transporting it. The award-winning yacht, owned by Italian billionaire Pier Luigi Loro Piana, was being transported aboard the general cargo ship MV Brattinsborg when the incident … [Read more...]
Derecktor Confirms Deal to Develop First Purpose-Built Megayacht Yard in United States
New York-headquartered Derecktor Shipyard has signed a long-term agreement with Fort Pierce and St. Lucie County in Florida to develop and operate the nation's first maintenance, repair and refit yards designed specifically to accommodate megayachts over 200 feet. The new yard, named Derecktor Ft. Pierce, will provide direct access from the Atlantic through Ft. Pierce inlet, … [Read more...]
Genting to Purchase 1MDB-Linked Superyacht for $126 Million
KUALA LUMPUR, April 3 (Reuters) - Malaysia will sell a superyacht allegedly bought with stolen funds from state fund 1MDB to casino operator Genting Malaysia Bhd for $126 million, in the first major asset sale by Kuala Lumpur to recover billions lost from the fund. The superyacht Equanimity is among assets allegedly bought by fugitive financier Low Taek Jho and his … [Read more...]
The Super Rich Are Buying $50 Million ‘Support’ Yachts to Haul Their Toys
By Devon Pendleton (Bloomberg) -- Sailing from port to port in peace and seclusion on a multimillion-dollar boat sounds appealing, but as any seasoned yacht owner can tell you, just cruising around can get a bit, well, boring. To fully enjoy your luxury vessel, you need diversions. Maybe a sailboat or fishing and diving gear. Possibly jet skis, a seaplane or … [Read more...]
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...]