by Kevin Varley (Bloomberg) --Forget Spain for a summer holiday overlooking the Mediterranean Sea. Croatia and Turkey are the up and coming destinations for international super-yachts. With some European countries reimposing restrictions to avoid another Covid-19 flareup, the ultra-rich are abandoning some of their traditional mooring spots. At least 63 mega-yachts are now … [Read more...]
Ship Designer Denies Selling Hydrogen-Powered Yacht to Bill Gates
The hydrogen-powered concept design yacht 'AQUA'. Image courtesy Sinot Yacht Architecture (Bloomberg) -- Billionaires are the only plausible buyers of the 112-meter superyacht concept Aqua, given its reported 500 million pound ($650 million) price tag. But contrary to a media report over the weekend, Bill Gates apparently isn’t in contention. Sinot, the Dutch yacht … [Read more...]
How to Get Super Rich Selling Superyachts
By Benjamin Stupples (Bloomberg) --Gazing across the sun-dappled harbor in Monaco, even the fathomlessly rich might get the feeling that some people have more money than they know what to do with. Floating in Port Hercules the other week—ensigns fluttering, halyards singing—was one of the most spectacular displays of seagoing craft ever seen: 125 superyachts with a combined … [Read more...]
Superyacht MY SONG Lost from Cargo Ship During Transport
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...]