Yachts For Sale

Buy a yacht and experience the very best of the superyacht lifestyle, on your terms. This is yacht purchase by Y.CO.

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Yachting. Done Your Way.

Yacht Ownership gives you the freedom to explore anywhere in the world, whenever you want, in an environment tailored to you. A yacht is far more than an asset. It has the potential to transform your life. That's why we work on a long term basis, taking time to get to know you, so we can help you find a yacht you will enjoy for years to come. Then we leverage our in-depth market knowledge and experience brokering some of the most significant yachts in the world to negotiate it at the right price.

Yachts for Sale

No Stone Unturned

Our team has access to thousands of yachts, both on- and off-market. Your perfect yacht exists. We will find it for you.

Lady Lara

Lürssen Yachts

Calypso

VITTERS SHIPYARD

Why Buy a Yacht with Y.CO

Advisors. Not Sales People.

We sell yachts. But we don’t think of ourselves as sales people. We’re advisors. Experts. Passionate people, with an unrivalled understanding of the intricacies of our industry. So you can count on us to leverage our in-depth market knowledge and experience brokering some of the most significant yachts in the world to not only find your perfect yacht, but to negotiate it at the right price.

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Honest Advice

Advice that adapts as the market changes. Insider knowledge on hot-to-market yachts. Guidance on when to jump at a purchase, when to jump out. And the honesty to tell which yacht is fit for purpose.

Support at Every Stage

Support not just at the point of purchase, but before and beyond - from arranging technical inspections and offering support during sea trials, to calculating potential charter income, operating budgets or re-sale value.

Passionate Experts

Our team has sailed, lived, worked, raced on yachts across all seven continents. We love yachts. We live and breathe yachts. And we bring that energy, experience and absolute dedication to every single purchase.

Our Sales Team

Meet the Team

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Ben Bartlett

Ben is from a family of competitive sailors, giving him the edge when it comes to selling sailing boats. He’s also worked with our clients on new build projects in some of the world’s most iconic shipyards.

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Ben Ritchie

Ben started his career on board, and since joining Y.CO in 2017, has represented both buyers and sellers in new build construction and refit as well as sales.

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Charlie Birkett

Our Co-Founder and CEO Charlie takes an active role in all our client relationships. An expert negotiator, he’s purchased, sold and managed some of the largest, most complex yacht operations in the world.

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Gary Wright

Co-Founder and Chairman Gary's expertise, gained from a long career on board and at the helm of Y.CO, makes him an invaluable and formidable ally for any client entering into a yacht purchase.

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James started his career in yacht management, giving him a profound knowledge of the intricacies of ownership, which he uses to inform and advise his clients.

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Jonathan Zwaans

Multilingual Jonathan grew up in Monaco and has an impressive network of industry contacts, allowing him to cast the net wide to locate the perfect yacht for his clients.

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A former Olympic sailor, Max’s passion for new technologies has allowed him the privilege of securing the sales of some of the most exciting new designs on the water.

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Igor Miskovic

Igor started his career in yacht design and has experience in project and fleet management, and uses this depth of experience to provide solid, honest advice.

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Toby Nott Bower

A qualified sailor, Toby loves exploring the world and brings his passion for adventure to his dealings with clients, going above and beyond to hunt down special yachts that they’ll love.

Yacht Purchase Opportunities

Our Recommendations

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Come Together

"All the benefits of a new build; the latest hybrid technology and design and under warranty - but available immediately." – Ben Ritchie

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"The perfect combination of high performance sailing and onboard luxury." – Max Bulley

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"Commercially compliant with a proven charter history, Sangha offers great potential as a charter operation.” – Ben Ritchie

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"Sensational volume for her size, with a full-beam, two-level master suite" – Jonathan Zwaans

Yachts for Sale by Y.CO

Step Aboard Your Next Adventure

Ready to take the plunge and buy a superyacht? You're in good company. Find your perfect yacht for sale with our purchase inspiration.

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Adventure Yachts for Sale

These yachts demonstrate that adventure extends beyond expedition yachts.

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New Build Projects for Sale

A selection of the most exciting superyacht projects and recently launched yachts on the market today.

Yacht Purchase Guide

Everything You Need to Know

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Purchase Advice

Read our guide on what to look out for when you buy a yacht.

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Guide to Buying a Catamaran

Read our guide to why you should consider purchasing a Catamaran.

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Recent Sales

View the superyachts we've sold recently

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Your Adventure Starts Here

Chartering a yacht is the ultimate experience, and we know how to make the most of it.

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Achieving the Incomparable

Expert support from concept to delivery and beyond.

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Effortless Ownership

A unique set of services and solutions to make your ownership experience a joy.

Frequently Asked Questions

What Should I look for Before Buying a Yacht?

Key considerations before buying a yacht include your preferences, intended use, and staying informed about the market. Attending yacht shows or chartering can help define your needs. Working with a knowledgable broker ensures accurate pricing and a seamless buying experience.

How do I buy a yacht?

Speak to your Y.CO Broker who will advise on pricing, offering market comparisons and analysis reports. They will also arrange sea trials and inspections, supported by Y.CO's technical team. Your Y.CO Broker will collect documents and collaborate with all parties for agreement completion.

Can I View the Yacht Before I Purchase?

Yes - in fact it is highly recommended to view as many yachts as possible during the purchase process. Your Y.CO Broker will assist in creating a shortist of yachts, organise private visits, accompany you on board and will help you ask the right questions.

What Happens after Offer Acceptance?

After acceptance of the offer, a sea trial and haul out will be arranged on your behalf. This allows your Y.CO broker, our technical experts and an independent yacht surveyor to verify that all the systems on board the vessel perform as specified.

Haven`t found the one?

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Yachts for Sale

1,916 Yachts for Sale Worldwide

Discover luxury yachts for sale with Northrop & Johnson, the world’s number-one boutique yacht brokerage. From power boats to sailing yachts, our selection of new and used superyachts covers the whole range of vessel types. Because of our strong relationships with shipyards and superyacht owners across the globe, we have access to thousands of luxury boats not publicly listed for sale. Whether you want to buy a modern superyacht or classic sailing yacht, our expert brokers are dedicated to helping you find the perfect superyacht for you.

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Search Yachts for Sale Around the World

Yachts come in all styles and sizes, ranging from 65′ (20m) to over 328′ (100m) in length, including 100ft (30m) ,  150ft (45m) , 160ft (50m), 200ft (60m) and much larger mega yachts . From motor yachts designed for coastal cruising and island hopping to sailing yachts made to circumnavigate the globe, there is a yacht for everyone. Northrop & Johnson offers a range of all types of luxury yachts for sale, including displacement and semi-displacement motor yachts, ice-class explorer yachts, pleasure cruisers, sportfish yachts, and sloop and ketch-rigged sailing yachts. You also may prefer to build a yacht from your favorite shipyard.

Buy the Perfect Yacht

Whether you are looking to buy a motor yacht, classic sailing yacht, superyacht or mega yacht, our team of yacht brokers will help you find the perfect vessel. If you’re just getting started in your superyacht search, use our website to browse thousands of new and used yachts for sale around the globe. But, don’t stop there. Contact a Northrop & Johnson yacht broker today and get access to more luxury yachts not publicly advertised for sale.

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Why choose Burgess as your broker when buying a yacht?

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When it comes to buying a yacht we'll understand your requirements and handpick the best opportunities for you 

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More volume means more guests, more toys, more crew and more space inside and out

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Buy a yacht with plenty of room for family and friends to relax and entertain, and for business to be done

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Discover the Burgess difference

At Burgess, we always go the extra mile to find your perfect yacht and are here to guide you every step of the way during the process of buying a yacht. From securing private viewings to sourcing the best luxury yachts for sale from around the world, our expertise is your guarantee.

Access to luxury yachts unavailable on the open market

We don’t just have access to the largest public inventory of new and pre-owned luxury yachts to buy on the market, we shortlist your selection from a wide-reaching network of yacht owners to ensure you only ever get the yacht that you truly want.

Highly experienced yacht brokers with your needs in mind

Working together to deliver the best results is integral to the Burgess DNA, so all Burgess brokers share information globally to guarantee unrivalled market insight and ensure client requirements are always met. There is nothing more important than customer satisfaction.

Unrivalled view of prevailing market opportunities

The market moves quickly in the superyacht world, which is why we have positioned ourselves to gain the best vantage point, with access to the most attractive yachts to buy, to ensure you have a tailored selection wherever you are in the world.

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Why buy a superyacht? It is a question that can only be answered by you.

At Burgess, we know that superyacht ownership gives you year-round access to the superyacht lifestyle; the opportunity to design a custom charter vacation for family and friends; to work from the privacy of your on-board office base; explore new countries and cultures around the globe; and more... The question is, why will you buy a superyacht?

When it comes to how to buy a luxury superyacht, the 360-view offered by the Burgess in-house team of expert brokers is invaluable. Our brokers are available to guide you through the entire yacht buying process. Whether you are a first-time buyer or a seasoned yacht owner, we will navigate the superyacht market for you. 

Be it a stunning motor yacht or a luxury sailing yacht , we have the experience within our team to guide you through the process from negotiations to surveys to completion, Burgess will protect your interests at every stage of the yacht buying process.

From finding The One to stepping aboard as the owner, the Burgess brokerage team has your back. 

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A perfect fit: Feadship PROJECT 827 SAKURA finds a new owner

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Price reduction on NAVETTA 42

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Burgess at Cannes Yachting Festival

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AMADEUS for sale

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SURAMA is for sale

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Sold: Overmarine's 39.7m CRAZY

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Custom Line NAVETTA 33 is for sale

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Price reduction on 38m PERLE BLEUE

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As-new SODAN is now for sale

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Yachts For Sale

New and used boat and yacht sales with guidance every step of the way..

Our Bluewater yacht brokers have years of yachting expertise in the marine industry with in-depth knowledge of yacht sales, long standing relationships with shipyards and marinas and yacht crew alike.

Whether you want to purchase your first yacht, upgrade or sell your current vessel, our aim is to find your perfect yacht or the ideal buyer.

Bluewater’s expert brokerage services put buyers and sellers first, ensuring you are at the forefront of the fast-moving yacht sales market.

Bluewater prides itself on exceptional sales advice, market intelligence and sourcing the right yacht at the right price. No matter where you are based, you can benefit from listing or purchasing your yacht with our yacht brokers who are leading worldwide yacht sale experts in major yachting destinations such as the Caribbean, Fort Lauderdale and the Mediterranean.

We’re passionate about yachting and helping our clients by offering a full service and unrivalled support from start to finish – our commitment is defined as ‘One Company, One Complete Service’ with listings for a large selection of yacht brands such as Azimut, Benetti, Sunseeker and Princess Yachts, as well as departments dedicated to yacht charter, yacht management, yacht crew placement and crew training, to ensure we can cater for all of your yachting requirements.

Contact us today to find your dream yacht.

Luminosity Luxury Megayacht for Sale

  • €135,000,000

Aurora Luxury Superyacht for Sale

  • €130,000,000

Endless Summer Luxury Yacht for Sale

Endless Summer

  • €2,950,000

Moonraker II Luxury Yacht for Sale

Moonraker II

  • €990,000

Jasmine Luna Luxury Yacht for Sale

Jasmine Luna

  • €5,500,000

Abbracci Luxury Yacht for Sale

  • €39,900,000

SEAGULL MRD Luxury Yacht for Sale

SEAGULL MRD

  • €27,900,000

HIYU Luxury Megayacht for Sale

  • GUNDERSON MARINE
  • €1,850,000

LANGKAWI LADY Luxury Yacht for Sale

LANGKAWI LADY

  • Sterling yachts
  • €3,200,000

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Buy a yacht

Our market intelligence and extensive connections mean we can identify a yacht to meet your exact specifications, even before it comes to market. Or, for something truly unique, we can discuss your requirements for a new build.

Buy a superyacht with YPI

Why buy with Yachting Partners International?

The yachts we specialise in are immensely sought after – but if you want to be the first to know, you need a partner with their finger on the pulse. Our incisive market intelligence tracks the merest whisper of a yacht entering the market – and we run an unparalleled database of buyers and sellers to create an ideal match. Motor or sailing yachts, we’re at your service, 24/7, with advice, personal tours and decades of experience to make sure you find the vessel most suited to you.

Build the ultimate yacht

Build the ultimate yacht

When nothing quite meets your precise specifications, we can guide you through a design and build journey to create a real statement yacht. Using our long-standing relationships with leading architects, ship builders and interior designers, we’ll guide your vision, taking you from first pencil sketch to the champagne at launch – and beyond.

Buying is just the bginning

Buying is just the beginning

To enjoy your acquisition to the full, you need more than a great itinerary (although we can certainly help with that). You need to know every aspect is impeccably managed and that your yacht costs are being very carefully controlled. Our Yacht Management, Charter Management and Client Experience teams take care of every conceivable aspect from risk management to creating itineraries.

Start your journey...

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Yachts for Sale

Why buy a yacht with YPI

Why buy with YPI?

Build your yacht

A selection of yacht to buy

INDEPENDENCE 110 33.5M (110FT) motor yacht

INDEPENDENCE 110

  • 33.5M (110FT)
  • Floeth Yachts

Zeus I 49.9 m (163.7 ft) motor yacht

  • 49.9 m (163.7 ft)

Stern 49.6M (162.8FT) motor yacht

  • 49.6M (162.8FT)
  • Wider Yachts

One Force 40M (131.3FT) sailing yacht

  • 40M (131.3FT)
  • CNT Castagnola

Swanny 13M (43FT) motor yacht

  • 42.3m (138.5ft)
  • Lusben - Benetti

Project Mirage 402 38.3m (125.10ft) motor yacht

Project Mirage 402

  • 38.3m (125.10ft)

Fast & Furious 44.6m (146.4ft) motor yacht

Fast & Furious

  • 44.6m (146.4ft)

Project Mirage 401 38.35m (125.10ft) motor yacht

Project Mirage 401

  • 38.35m (125.10ft)

Inti Cube 28.5M (93.6FT) sailing yacht

  • 28.5M (93.6FT)
  • Wally Yachts

Considering a yacht purchase? Contact our sales team.

TJB Super Yacht logo in white

THE ULTIMATE LIFESTYLE PURCHASE

Buying a superyacht.

Buying a yacht is the ultimate lifestyle choice. No other purchase quite compares to the thrill of owning a yacht and the ultimate freedom that it offers.

A TAILORED STRATEGY

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Selling a yacht opens doors to new opportunities. Whether you are looking to acquire a newer or larger vessel, or to explore investment opportunities elsewhere, when it’s time to sell your yacht, trust the experts at TJB Super Yachts.

Our yacht consultants offer a turnkey superyacht sales process, including yacht marketing, viewings, and contract negotiations. Reap the benefits of our world-class marketing services, or benefit from our network of contacts with an off-market sale for those seeking the utmost discretion. Enjoy a tailored strategy that reaches the widest qualified audience in order to secure a swift sale that capitalises on your yacht’s value.

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A PROVEN TRACK RECORD IN SUPERYACHT SALES

As a global leader in yacht sales, TJB Super Yachts guarantees your peace of mind. Our team of experienced yacht sales consultants handles every aspect of the superyacht sales process. Discover the successful year-on-year figures within the yachting industry in 2022:

Superyachts Sold

Avg. sales per month, largest yacht sold in 2022, identify your style.

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The first stage of the yacht acquisition process is to determine what type of yacht you want.

  • Do you want a superyacht, motor yacht, sailboat, performance yacht, or explorer yacht?
  • Do you want a yacht designed for long-range ocean cruising or one that is more suited to island-hopping in blue water havens?
  • Do you want a new yacht or a brokerage yacht ?

Consider how you will use your yacht and what amenities you want onboard. With so many different types of superyachts available, it can feel overwhelming when buying a yacht, however, our expert yacht consultants are here to help, and can advise you on the different types and styles of yachts that would suit you best.

Fine Tune the Details

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Once you’ve decided on the type of yacht that is suited to your needs, you’ll want to fine-tune your search further. Whatever type of yacht you seek, our expert yacht consultants can help narrow down your search and provide you with a selection of yachts that meet your needs, all whilst keeping your yacht search indulgently fun.

  • How many cabins do you need?
  • What type of onboard amenities do you want?
  • Do you want a pool, hot tub, gym, or spa?
  • Are you seeking lots of deck space for entertaining guests or storage facilities for toys and tenders?

Whatever type of yacht you seek, our expert yacht consultants can help narrow down your search and provide you with a selection of yachts that meet your needs, all whilst keeping your yacht search indulgently fun.

Due Diligence & Negotiation

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You’ve found your ideal yacht. What’s next?

Our expert team will help you expertly navigate the yacht acquisition process. This includes offers to purchase, negotiations, and purchase contracts. Working with our network of trusted global experts, we will connect you with marine lawyers, tax advisors, and survey engineers. We will also arrange sea trials. Once you are happy and all necessary documentation is in place, we will make arrangements for the sale to be finalised seamlessly.

The Adventure Begins

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When you buy a superyacht with TJB Super Yachts you join our family. We help you at every stage of your yacht ownership journey and always put you first.

Our personal superyacht management services cover all aspects of yacht ownership, including crew and manning requirements, yacht marketing, yacht insurance, and charter management. With extensive knowledge and a global network of contacts, you can rest assured that your yacht is in safe hands.

HOW TO BUY A YACHT FAQS

Buying a yacht can be a complicated process. When you work with a TJB Super Yachts’ consultant, you will benefit from a streamlined yacht acquisition process. Our yacht consultants boast deep industry knowledge and a global network of contacts. From your first point of contact, we listen to your needs and then respond accordingly. Your personal yacht consultant will provide you with a list of yachts that match your needs, then arrange viewings. They will offer tailored advice throughout the yacht acquisition process, including advice on financing, class and compliance, surveys, yacht management, and much more.

The longest part of buying a yacht is usually finding the right one that meets your needs. Your personal TJB Super Yachts consultant will be able to advise on types of yachts and set up viewings as soon as they understand what will fit your requirements. Once you’ve made your choice, it is then a matter of getting surveys and inspections done, submitting a formal Letter of Intent, and arranging financing. You can expect this process to take around six to eight weeks.

While surveys and sea trials are not compulsory when you buy a superyacht, they are a standard part of the yacht acquisition process, and we strongly recommend getting them done. Surveys and sea trials provide an important overview of the yacht’s condition, and some financial institutions may insist upon them. TJB Super Yachts work with some of the best independent surveyors and engineers. To avoid any conflict of interest, we will guide you to their services, enabling you to have a fully independent survey carried out.

Manufacturers offer warranties for a set amount of time on a new-build yacht. If the yacht you are purchasing is still within its warranty period, it will be transferred to you as the new owner. However, most brokerage yachts are purchased based on the condition and findings of the professional pre-purchase survey and therefore do not have warranties.

When you buy a superyacht,  you will receive a  Memorandum of Understanding, which sets out the terms and conditions of the sale. You will also receive the Bill of Sale, which records the transfer of legal title from the seller to the buyer, and the Protocol of Delivery and Acceptance, which specifies the agreed upon time and date of transfer of ownership and funds. Your personal TJB Super Yacht consultant will advise you accordingly, ensuring your best interests are protected throughout this entire process.

The buyer and seller will decide together which country will govern the purchasing process, and this is often a country where neither party resides. It is common for English law to be chosen when buying a superyacht.

The topic of VAT can be complex and depends upon where your yacht is to be kept. TJB Super Yachts’ team of yacht consultants can put you in contact with specialist maritime VAT lawyers who will look into all the factors and advise you accordingly.

YACHT SALES CONSULTANTS

Discover why superyacht owners turn to us in confidence when they want to sell a yacht by contacting our team today. 

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Founder & CEO

Tim johnson.

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Sales & Charter Broker Manager

Josh francis.

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Senior Sales & Charter Broker

Advait deodhar.

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Sales & Charter Broker

Charlie bush.

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George Brotherton

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Charlie Hayward

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Senior Charter & Sales Manager

Nicole haboush.

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Valentina Christine Lieto

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Charter Broker

Carl-philip thunstrom.

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Georgie Damianakis

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Rossella Del Gaudio

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John Johnson

Contact our sales team.

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The Creepy Coincidences of the Billionaire Superyacht Sinking

Starting with the name..

Portrait of Jeff Wise

The sinking of tech billionaire Mike Lynch’s yacht in a freak storm off the Sicilian coast last week certainly has to rank among the most bizarre fatal celebrity accidents in years. There was the weird coincidence that Lynch had just gotten acquitted after a yearslong legal battle over a multibillion-dollar fraud; the eerie synchrony of the same-day death of his co-defendant after being struck by car while jogging; the fact that the $40 million vessel had been described as virtually unsinkable; the fact no vessel that size had been sunk by a waterspout in centuries; and the fact that the area where it struck is not known for waterspouts. But perhaps the wildest thing about the whole saga is the yacht’s name , Bayesian .

It refers to a method of statistical calculation that was originally devised by an 18th-century Presbyterian minister, Thomas Bayes. Lynch named his yacht after Bayes’s method in recognition of its role in building his fortune. In short, he had honored a method of calculating probabilities — only to be killed aboard its namesake by an accumulation of wildly off-the-chart improbabilities.

“The irony is tragic,” says British science journalist Tom Chivers, who writes for Semafor and published a book this year on Bayesian statistics called Everything Is Predictable. “It’s not a subtle irony. Bayes is the maths of prediction. This sequence of events is just spectacularly unlikely.”

It’s as if Charles Kane had been crushed to death under a giant rosebud.

How did we get here? In statistics, total probability is calculated by multiplying together all the component probabilities. So let’s look at the individual parts of the case.

Mike Lynch was something of a black-swan event in himself. Until he came along, the U.K. had never before had a software billionaire. The son of a fireman and a nurse who had immigrated from Ireland, Lynch grew up in England, then rose above his humble roots by attending Cambridge University. After graduating, he returned to Cambridge to earn a Ph.D. in signal processing , then stayed on to conduct postdoctoral research in neural networks, the data-processing technology that underlies machine learning. In 1990, while still a student, he founded his first company at the age of 25 with a loan of £2,000 from an eccentric acquaintance he made in a bar.

His research had led him to understand that by using neural networks computers could sift through unstructured data to find information that a user wanted. To do this, a program needed to assemble a vast number of interrelated probabilities and then update these probabilities as new information came in using Bayes’s formula. In 1996, he founded a separate company, Autonomy, to do just that.

Lynch was way ahead of the curve in seeing the technology’s commercial potential. At the time, the field was struggling through a so-called AI winter: Research had stalled, and the processors hadn’t yet been developed that would allow for the creation of the large language models of today. But Lynch’s foresight served him well. By 2000, the company was worth more than a billion dollars and Lynch was being lauded as the U.K.’s answer to Bill Gates . In 2011, he sold Autonomy to Hewlett Packard for $11 billion. It was a tremendous coup for a former scholarship boy.

He used some of the money to buy a 184-foot long yacht named Salute from a Dutch property developer named John Groenewoud, who had bought it new for nearly $40 million in 2008. At the time it was built, the yacht’s 237-foot-high aluminum mast was the tallest in the world. Lynch renamed it after the kind of statistics that had made his fortune: Bayesian.

Lynch’s luck soon turned. After the deal closed, HP realized that Autonomy’s revenues were largely fictitious and that the deal it had staked so much on was in fact a dog — what one analyst later dubbed “the worst, most value-destroying deal in the history of corporate America.” HP wrote down the investment by $8.8 billion. The company fired its CEO, and the company broke up into two parts.

A lot of people were pissed. HP blamed “willful effort on behalf of certain former Autonomy employees to inflate the underlying financial metrics of the company in order to mislead investors.” These suspicions were the basis for a series of legal actions, and in 2019 U.S. prosecutors indicted Lynch and Stephen Chamberlain, Autonomy’s former vice-president of finance, on fraud charges that carried a maximum penalty of 25 years in prison. Lynch’s own lawyers called it “one of Silicon Valley’s biggest-ever fraud cases.”

The trial took a long time to unfold in part because Lynch waged a yearslong battle against extradition from the U.K. to the United States, a battle he finally lost in 2023. This past March, his trial began in San Francisco. The New York Times noted that “ Mr. Lynch’s odds do not look good. ” (Former Autonomy CFO Sushovan Hussain had already been convicted on similar charges and sentenced to five years in prison.) But Lynch and Chamberlain beat the odds. On June 6, a jury found both men not guilty on all counts. “Lynch’s win is extremely unusual in federal criminal cases,” as the New York Post reported . “In fact, only less than 1% of federal cases ended in acquittal in 2022, according to the Pew Research Center.”

The sinking

Lynch decided to celebrate with a Mediterranean cruise aboard Bayesian . The yacht was to carry its full complement of ten crew and 12 guests. Invited along with Lynch and his 18-year-old daughter, Hannah, were several people who had helped secure his freedom, including lawyer Christopher Morvillo of the firm Clifford Chance and Jonathan Bloomer, the chairman of Morgan Stanley International, who had testified to Lynch’s good character at his trial. Not on the guest list was his co-defendant. Three days after Bayesian set sail, Chamberlain was back in England and jogging near Cambridge when he was struck by a car. Severely injured, he was taken to the hospital and put on life support.

Bayesian was off on a meandering course through the Tyrrhenian Sea. It wandered among the Aeolian Islands of Pecorini, Malfa, and Lipari, then stopped at the port of Milazzo on August 14. From there, it sailed westward along the northern coast of Sicily toward Palermo. On the evening of Sunday, August 18, it anchored about 300 yards from the harbor of Porticello, where severe thunderstorms had been forecast. “We all knew that a storm was coming and that during that night it was better to keep the boats inside the port,” a local fisherman later told the BBC .

Under certain very specific conditions, thunderstorms can yield tornadoes. When these occur over water, they are called waterspouts, but in every other regard the phenomena are identical, says Wade Szilagi, director of the International Centre for Waterspout Research. Tornadoes are measured according to the Enhanced Fujita Scale, with EF5 being the strongest with winds of up to 300 miles per hour .

Like tornadoes, waterspouts are more likely to be found in areas where the meteorological conditions are favorable for their development, such as the Florida Keys and Lake Erie. As for the region where the Bayesian sank, “I wouldn’t say that this is a hot spot” for waterspouts, says Szilagi.

Shortly before dawn the vessel was apparently struck by a waterspout of unknown size and intensity while it was riding at anchor. Violent gusts slammed the yacht from side to side, forward and back, before ripping it from its anchorage. Bayesian tipped on its side, filled with water, and sank below the waves just 15 minutes after the storm began. While nine of the crew and four of the passengers escaped, six of the passengers remained trapped in the hull, including Mike and Hannah Lynch, Jonathan Bloomer and his wife, Judy, and Chris Morvillo and his wife, Neda. Their bodies were later recovered by divers. The body of the yacht’s cook, Recaldo Thomas, was found floating on the surface.

Even given the intensity of the storm, the speed with which Bayesian sank was shocking, nearly incomprehensible, to the yachting community. “I have never seen a vessel of this size go down so quickly,” Karsten Borner, the captain of a sailing ship that came to the survivors’ aid, told the Guardian . “Within a few minutes, there was nothing left.”

In interviews with Italian media, Giovanni Costantino, chairman of the company that built the Bayesian , said that his firm’s sailing yachts are “unsinkable” and among “the safest boats in the world.”

It won’t be entirely clear what happened until Italian authorities are able to complete their inquiry, but many, including Costantino , have speculated that the crew failed to prepare the yacht for the storm, for example by remaining at anchor and leaving hatches open to the weather. Italian prosecutors have opened a manslaughter investigation into the captain, James Cutfield, who survived.

Even assuming gross negligence on the part of the crew, the sinking of a vessel as large and robust as the Bayesian by a waterspout is vanishingly improbable. Such events are simply exceedingly rare, and none has been so deadly in centuries. In 2004, a waterspout in Greece picked up a boat and flung it onto a 10-year-old boy, killing him. And last year, a waterspout struck a 50-foot boat on Italy’s Lake Maggiore , killing four. The last reported time a waterspout claimed as many victims as died on the Bayesian was back in the 16th century, when one struck a crowded harbor in Malta, killing hundreds.

The same day that the Bayesian sank, U.K. police reported that Chamberlain had died in hospital of his injuries. He became one of the 165 pedestrians between the age of 25 and 59, out of a U.K. population of 42 million , to be killed each year by vehicles.

The bizarreness of this string of unlikelihoods has been lost on no one. “This sequence of events is just spectacularly unlikely,” Chivers notes. “There is this Bayesian-probability aspect to it, this building of unlikeliness upon unlikeliness.”

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Sunk Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say

Reuters

FILE PHOTO: Bayesian, a 56-meter-long sailboat, which later sank off the Sicilian capital Palermo, is seen in Santa Flavia, Italy August 18, 2024 in this picture obtained from social media. Baia Santa Nicolicchia/Fabio La Bianca/via REUTERS/File Photo

By Noor Zainab Hussain and Carolyn Cohn

LONDON (Reuters) - Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts.

The British-flagged 56-metre-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm while anchored off northern Sicily.

The superyacht's hull was insured against physical damage by yacht insurance provider OMAC and a consortium of insurers including Travelers Companies Inc, Navium Marine and Convex, Reuters reported last week.

Its protection and indemnity (P&I) insurance, which typically covers third-party liability claims including for environmental damage, injury and death, was provided by British Marine.

The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said.

"Our understanding is that the cost of the boat was between $40 and $50 million, so the limit of the hull & machinery policy was probably around those values," said Marcos Alvarez, managing director, global financial institution ratings at Morningstar DBRS.

The P&I policy would likely be "several multiples" of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover liability payments even if the captain or crew are found to be negligent.

Prosecutors in the town of Termini Imerese, near Palermo, are investigating the captain and two other crew members. An investigation does not imply guilt or mean formal charges will follow. Prosecutors have said the probe would take time and require salvaging the wreck.

Oscar Seikaly, CEO of broker NSI Insurance Group, that provides yacht insurance, estimated the hull value at $40-70 million, but said P&I cover might not total more than $100 million.

P&I insurance would also cover recovery of the Bayesian, said Francesco Dubbioso, country manager for Italy for insurer Alta Signa Europe, who estimated the superyacht's value at $30 million to $40 million.

Reuters is the first to report the potential insurance costs. OMAC, Travelers and Navium Marine did not immediately respond to Reuters' for comment. Convex declined to comment.

The Bayesian disaster, which has puzzled experts who said the boat would have been built to withstand a severe storm, adds to recent woes for yacht insurers, who have faced a raft of hurricane losses in the past few years.

Premium rates have risen by four to five times in the past couple of years in parts of the U.S. and the Caribbean, and yacht insurers have cut the amount of cover they provide because of the risks, Seikaly said.

As a result, insurers have increased rates and re-evaluated their guidelines and risk appetite, according to industry experts.

As well as hurricanes, insured losses have mostly stemmed from severe storms, floods, and other weather events in North America, the Caribbean, and Europe, according to a report by broker Marsh.

Seikaly said four clients had last week been ready to buy boats but changed their minds because of the high cost of insurance.

Climate change was also likely to add to yacht insurers' worries, Seikaly added, as it throws up more unexpected events.

"Whoever thought a storm in the Mediterranean in the month of August is going to sink a ship?"

(Additional reporting by Sinead Cruise; editing by Michelle Price and Sandra Maler)

Copyright 2024 Thomson Reuters .

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NORFOLK STAR at sail

The must-see sailing yachts at the Monaco Yacht Show 2024

As the excitement for the Monaco Yacht Show 2024 builds, BOAT takes a look at the top sailing yachts that will be making an appearance this year – from the latest launches to the finest yachts currently for sale .

Norfolk Star

Builder: Perini Navi Year: 1996 (2020) Length: 37m

Pedigree sailing yacht Norfolk Star was designed and built by the Italian shipyard in 1996 and had a "multi-million euro refit" in 2022, according to her broker. The revamp included a new main engine room, two new generators, PLC system, Inmarsat VSAT dome, 505 Williams tender, Doyle sails and Reckmann rigging. With accommodation for six guests, the yacht boasts a family-friendly layout comprising a full-beam master cabin on the lower deck along with two twin cabins – with the option of an additional pullman berth. 

On deck, guests can benefit from the comfort the split cockpit area affords, where relaxed seating around a circular coffee table awaits as well as a dining area for eight.  The cherry wood interior also welcomes a bright upper saloon with panoramic views and a more formal main saloon with two sofas and dining area featuring an extendable walnut table.

Norfolk Star is listed for sale and will be exhibited by Burgess and Northrop & Johnson.

Builder: Wally Year: 2024 Length: 36.2m

Having hit the water in June this year, the first wallywind110, Galma , will make her global debut at this year's Monaco Yacht Show and is recognisable by her "luminous light metallic blue" carbon hull paint job "that changes slightly as the light hits her". The sailing yacht's naval architecture comes from German studio judel/vrolijk & co , while interior and exterior lines are designed by Wally in collaboration with Santa Maria Magnolfi . The design demonstrates the comfort of a cruising yacht while maintaining the spirit and performance of a racing boat, and is characterised by her 6.9-metre telescopic keel. 

Highlights include an 80-square-metre full-beam cockpit with seating and dining for up to 15 people, as well as an open-plan raised saloon. The yacht also benefits from natural light thanks to a skylight that runs the full length of the coachroof. Accommodation on the wallywind100 model can be a three-cabin layout with a full-beam master suite, or a four-cabin standard layout.

Galma will be exhibited by Wally .

Builder: Vitters Year: 2017 Length: 32.6m

Delivered in 2017 to experienced sailing yacht owners, Ribelle has recently joined the market following a refit, which included a repaint of the hull, mast and boom, and a brand new suit of cruising sails. The sailing yacht is built of carbon fibre by the Dutch yard to a design by Malcolm McKeon and can be sailing with a small crew in cruising mode or, thanks to a self-tacking jib, can be transformed into a true racer. 

She is a regatta regular and can often be spotted at some of the world's most prestigious events – including the Maxi Rolex Cup, Giorgio Armani Superyacht Regatta, Les Voiles de St Tropez and Palma Superyacht Cup. Her Rémi Tessier interior accommodates six guests in three cabins comprising a master suite, VIP suite and a twin cabin.

Ribelle is listed for sale and will be exhibited by Burgess.

Dreamcatcher

Builder: Nautor Swan Year: 2024 Length: 28.8m

With her diesel-electric propulsion, the Swan 88 is the Finnish shipyard's first hybrid sailing yacht and is based on an evolution of its previous yachts. Sitting at the entry point to the world of maxi yachting, the yacht was delivered earlier this year and will make her worldwide debut at the Cannes Yachting Festival .

Dreamcatcher has been described as a "no-compromise cruiser with a racer soul" with a draught of four metres, with options for a shallow-draught, telescopic and performance keel. The yacht is also designed for comfort with a maximum heeling angle of 20 degrees and sports "feminine exterior lines" penned by veteran Swan designer German Frers . Her warm, classic interiors have been styled by Misa Poggi with accommodation for 10 guests.

Dreamcatcher will be exhibited by Nautor Swan .

Builder: Baltic Yachts Year: 2018 Length: 26m

Delivered by the Finnish shipyard in 2018, Mini Y is a Baltic 85 model designed by UK naval architect Dixon Yacht Design . Her silver hull and superstructure were built of carbon-fibre composite and the owner opted for a telescopic lifting keel that can reduce the draft from 4.3 metres to 2.95 metres when required. Mark Whiteley Design handled the  yacht's interior décor , with accommodation for up to four guests split between an owner’s cabin and a guest cabin.

On deck, the cockpit has a fold-out table for guests to enjoy, while the helmsman has the choice of two wheels. The guest cockpit can be completely covered for protection while racing, the navigation instruments still visible on the aft face. Mini Y joined the market earlier this year.

Mini Y is listed for sale and will be exhibited by Baltic Yachts and Edmiston.

Builder: Yonca Year: 2019 (2023) Length: 26.8m

Tuzla-based shipyard Yonca officially entered the leisure marine market with the launch of Mishi Yachts earlier this year. The new brand made its debut with two sailing models, measuring 26.8 metres and 31 metres – the first of which is the Mishi 88, which will be on exhibit at the Monaco Yacht Show 2024. Osman Tanju Kalaycıoğlu , Özgür Terzioğlu and Taka Yacht are responsible for the naval architectecture and exterior design, while interiors are the work of Aylin Örs .

The sloop's defining features include a spacious aft deck with a dining space which can comfortably seat ten guests. Offering shelter from the elements, the large cockpit features a carbon composite hard-top aft, while the swim platform has enough room in its back for a 3.5-meter inflatable tender. Accommodation is for six guests across a master cabin and two guest cabins, with further space for the captain and crew.

Mishi 88 will be exhibited by Mishi Yachts.

Builder: Yyachts Year: 2024 Length: 23.9m

German yachtbuilder YYachts is bringing its Y8 model to the Monaco Yacht Show. Javier Jaudenes of Surge-Projects worked alongside the in-house design team on naval architecture to create the model's new silhouette with a Scandi-inspired interior by Danish designer David Thulstrup. YYachts offers four pre-designed interior styles where owners can tailor the saloon area to their tastes. 

A particular highlight is the owner's suite, which includes a separate saloon and can be located either in the bow or in the stern with direct access to the cockpit. In terms of technical details, the Y8 features a standard carbon mast, hydraulic main sheet system and all winches close to the helm stations. These features, along with the self-tacking jib and a lack of a backstay, enhance the yacht's performance and ease of handling.

Y8 will be exhibited by Yyachts.

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By Kayode Oyero

Former Governor of Cross River, Donald Duke, says it is a failure of leadership for President Bola Tinubu to buy a new presidential jet and yacht when Nigerians are going through perhaps the worst economic crisis the country has faced since its independence.

He was a guest on Inside Sources with Laolu Akande, a socio-political programme aired on Channels Television on Friday.

�There is no glamour in saying your people are going through hard times. It�s a failure of your leadership. If I�m the head of a family, I want my family to have everything. I don�t want life to be difficult for them.

�If life is difficult then I feel I�ve failed to provide for them or do the things I ought to have done. I�d ask him (Tinubu) to see the Nigerian nation as his family. What is good for his family is good for the nation,� the former governor said.

�Buying a new aircraft or yacht or living large is a failure. You can�t have kids who are hungry and you are living lavishly, going to parties and wearing the biggest agbada.�

Duke, the governor of the South-South state between 1999 and 2007, said the recent #EndBadGovernance nationwide protests by hungry Nigerians showed that the President has not been a good father to Nigerians.

The former governor said, �A protest is like your kids coming to tell you that �Daddy, I am not happy with you. You have failed to do this and do that for me�.

�I�d ask him (Tinubu) to rethink a number of things that are going on and test his policies. The policy of floating the currency was a mistake because it wasn�t thought through.

�The largest pressure on the Nigerian currency is the importation of fuel, and the way it is being done, it is fuelled by corruption. So, we are paying the price for it.�

Duke tasked the President to hold security agencies responsible, reform the judiciary, and address the economy with local indigenous solutions, far from those of the Bretton Woods system.

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Mike Lynch 'tried to sell superyacht months before sinking which claimed his life'

Mike Lynch considered selling his superyacht months before it sank off the coast of Sicily but changed his mind after his acquittal, according to a report.

The tech tycoon, 59, was among six people who died when his superyacht , named the Bayesian, sank at around 5am on Monday near Porticello during a tornado.

Mr Lynch had put the £30 million yacht up for sale in March this year but withdrew it from the market in July, the Telegraph reported.

He had planned to spend the summer on board the boat and then review the decision to sell in the autumn, industry sources told the newspaper.

Mr Lynch, who founded software giant Autonomy in 1996, was cleared in June of carrying out a massive fraud relating to its £8.64 billion sale to US company Hewlett Packard. The boat trip was a celebration of his acquittal.

Following the ruling, Mr Lynch said he was "elated" and looking forward to returning to his family and his estate in Suffolk.

Mr Lynch, his daughter Hannah, Morgan Stanley International bank chairman Jonathan Bloomer, his wife Judy Bloomer, Clifford Chance lawyer Chris Morvillo, and his wife Neda Morvillo were lost when the Bayesian sank.

His wife, Angela Bacares, 57, survived the disaster.

Fifteen people including a one-year-old baby escaped the tragedy on a lifeboat.

The body of Canadian-Antiguan national Recaldo Thomas, who was working as a chef on the yacht, was recovered at the scene of the sinking on Monday.

Inspectors from the Marine Accident Investigation Branch (MAIB) are looking into what happened because the Bayesian was flying a British flag .

Prosecutors in the nearby town of Termini Imerse have also opened an investigation into the tragedy.

Giovanni Costantino, founder and chief executive of The Italian Sea Group, has described the Bayesian as “one of the safest boats in the world” and denied suggestions that the boat’s construction was at fault.

Meanwhile on Thursday, the Bloomer family described the couple as “incredible people and an inspiration to many".

They said: "We are grieving for our loved ones and all of those affected by the tragedy.

"Our parents were incredible people and an inspiration to many, but first and foremost they were focused on and loved their family and spending time with their new grandchildren.

"Together for five decades, our only comfort is that they are still together now.

"This is an unimaginable grief to shoulder."

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Mike Lynch had reportedly tried to sell the superyacht - PA Wire

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    BUY A Yacht. Your life. Spent wisely. From the global fleet of mega yachts offered for sale, we hand-pick the best opportunities and share our expert knowledge, so that you can make the best decisions. Yachts for sale . About us. Your wish. Our world. Our reputation is your recommendation. Since 1975 all our knowledge has been distilled into ...

  9. Find Luxury Yachts For Sale

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  13. Mega Yacht for sale

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    48m. Sterling yachts. €3,200,000. 8 Cabins. Year 1983. Sale & purchase of motor & sailing yachts, superyachts & mega yachts from 20m to 100m.

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    YachtWorld contains the largest photo and video database of boats and yachts for sale. With a wide range of new boats and used boats, power boats and sailboats, YachtWorld has the largest selection of boats and yachts in the world.Boat listings on YachtWorld are provided by subscribing member yacht brokers and new boat dealers from North America and the rest of the world.

  17. Buy a yacht

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  18. Buying A Superyacht

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  19. Boats for sale in United States

    Prices for yachts in United States start at $5,745 for the lowest priced boats, up to $5,966,850 for the most expensive listings, with an average overall yacht value of $152,156. When exploring what type of boat or yacht to buy on YachtWorld, remember to consider carefully a number of important key factors including the vessel's age, condition ...

  20. The Irony of Mike Lynch's 'Bayesian' Superyacht Sinking

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  21. Sunk Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say

    The British-flagged 56-metre-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm ...

  22. The must-see sailing yachts at the Monaco Yacht Show 2024

    Builder: Perini Navi Year: 1996 (2020) Length: 37m Pedigree sailing yacht Norfolk Star was designed and built by the Italian shipyard in 1996 and had a "multi-million euro refit" in 2022, according to her broker. The revamp included a new main engine room, two new generators, PLC system, Inmarsat VSAT dome, 505 Williams tender, Doyle sails and Reckmann rigging.

  23. Kemerovo Oblast

    Kemerovo Oblast is located in southwestern Siberia, where the West Siberian Plain meets the South Siberian Mountains.The oblast, which covers an area of 95,500 square kilometers (36,900 sq mi), [12] shares a border with Tomsk Oblast in the north, Krasnoyarsk Krai and the Republic of Khakassia in the east, the Altai Republic in the south, and with Novosibirsk Oblast and Altai Krai in the west.

  24. News -- Donald Duke to Tinubu: It's failure to buy new jet, yacht when

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  25. Kemerovo Oblast Map

    Kemerovo Oblast. Kemerovo Oblast is a region in Western Siberia, which borders Altai Krai to the southwest, Novosibirsk Oblast to the west, Tomsk Oblast to the north, Krasnoyarsk to the northeast, Khakassia to the east, and Altai Republic to the south. Overview. Map. Directions. Satellite.

  26. Kemerovo Oblast

    Kemerovo Oblast — Kuzbass, also known simply as Kemerovo Oblast (Russian: Ке́меровская о́бласть) or Kuzbass (Кузба́сс), after the Kuznetsk Basin, is a federal subject of Russia (an oblast). Kemerovo is the administrative center and largest city of the oblast. Kemerovo Oblast is one of Russia's most urbanized regions, with over 70% of the population living in its ...

  27. Kemerovo Oblast

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  28. Mike Lynch 'tried to sell superyacht months before sinking which ...

    The tech tycoon, 59, was among six people who died when his superyacht, named the Bayesian, sank at around 5am on Monday near Porticello during a tornado.. Mr Lynch had put the £30 million yacht ...

  29. Manslaughter Probe Launched Into Sinking of Mike Lynch's Yacht

    Prosecutors say they haven't determined who might have been to blame for the vessel's loss off Sicily, which killed seven people.

  30. How Mike Lynch's Luxury Yacht Sank Within Minutes

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