The 2019 has made a significant impact on the yachting industry not only through multiple megayachts delivered during the year, but also with several yacht losses. Yacht Harbour recalls some of the most striking episodes causing yacht losses in 2019.
#1. 40m Baltic sailing yacht My Song falls from cargo ship
On May 25, the sailing superyacht My Song from Baltic 130 line fell from the cargo ship that was carrying her across the Atlantic, from the Caribbean to the Balearics. The vessel was hauled out to Palma de Mallorca, ahead of her owner's confirmation of being 'not salvageable’.
Yacht transport company Peters & May that was responsible for the transportation, released an official statement in response, claiming that My Song might have fallen due to the collapse of her cradle. Photographs and videos taken showed extensive damage to the yacht, with several holes in the hull.
The winner of last year's Loro Piana Rehatta, My Song’s crew set a new speed record during the RORC Transatlantic Race last December. The journey of 3,000 nautical miles from the Canary Islands to Grenada took 10 days, 5 hours, 47 minutes and 11 seconds for the crew — almost 1 hour and 20 minutes less than the previous record of 2015. Sails, rising on the 56-metre mast, accelerated My Song to 30 knots.
#2. Hurricane Dorian
The devastating Hurricane Dorian that had hit the North of the Bahamas this September, has been already called one of the strongest Atlantic storms in history. The strongest wind blows of up to 82.5 m/s were taken by the Islands of Abaco and the Island of Grand Bahama, bearing reported death toll of 70, with 282 people still missing.
The US NATIONAL Hurricane Tracking Center assigned Dorian the highest fifth category, Catastrophic. It has caused significant damages to homes, businesses and other buildings and marine infrastructure. Media sources report, the reconstruction of such ports as Marsh Harbour will run into billions of dollars.
The pictures of the disaster meanwhile show numerous yachts and other craft driven ashore through the storm. Only Marsh Harbour had nearly 30 boats based there at the time of storm, with not all of them being moved in time.
#3. 49-metre Lohengrin and 32.6-metre Reflections destroyed in fire at Fort Lauderdale
On November 16th, properties at Fort Lauderdale went on fire, leading to destruction of two superyachts, the 49-metre Lohengrin and 32.6-metre Reflections. According to Fort Lauderdale Fire Rescue, the estimated loss from the fire amounts to over $20 million representing “the biggest fire loss in Fort Lauderdale history”.
The city fire marshal reported, the fire broke out in the morning, with loud explosions waking up residents. Allegedly, the blaze started on-board Lohengrin and spread to a neighbouring Reflections. It is understood that the two yachts were under maintenance and refit work at the time of the fire.
Reportedly, around 100 firefighters from several agencies were called out to the blaze. Many cellphone videos spread on social media witnessed flames going out, with huge plumes of smoke in the air. However, the fire brigade managed to bring it under control.
#4. 55m superyacht Lady D totally burnt down in Thailand
Photo by Achadtaya Chuenriran
In the early hours of August 7, the 56.39-metre superyacht Lady D, anchored at Phuket Grand Marina, Thailand, caught fire. All crew members left the ship safely but the vessel totally burnt down.
According to the report of the municipal mayor of Paklok, the fire started at the stern of Lady D, quickly spreading over the upper floors despite the crew’s attempts to stop it using fire extinguishers.
From the pictures, it seems that the damage done by the fire is beyond repair, and the owner and the insurance might decide to send it to scrap. Meanwhile, Phuket Marine Office Chief Wiwat Chitchertwong told the media, the value of the damage done would amount to nearly B240 million, or $7.8 billion, according to what they had heard from the marina.
#5. 34-metre yacht D'Angleterre burnt down in the Mediterranean Sea
The fire on-board the 34-metre yacht D'Angleterre occurred on August 24 off the coast of Mallorca in Spain. At the time of the fire, 15 people were on board, all of them were rescued. Multiple photos and videos of the fire depict the back of the yacht blazing with fire, and thick clouds of black smoke rising into the sky.
#6. 29m sailing yacht Asia sunk in Indonesian waters
On November 22, the 29-metre sailing yacht Asia with 4 crew members on board sank 50 miles off Indonesian coast. Reportedly, the vessel hit an undefined object in the water. The crew had managed to sail a lifeboat to land, where they were found undamaged marine police 8 hours later.
Asia was designed by Don Brooke and built by Culham Engineering in 2009. With a beam of 7.5 metres and a draft of 3 metres, she has a steel hull and aluminium superstructure. Her interior volumes of 135 GT enables accommodation of 10 guests across 5 cabins. The yacht is powered by Gardner engines to a maximum speed of 12 knots and a cruising speed of 8 knots.
The vessel was listed for sale with Fraser asking $2,900,000. On November 23, she was withdrawn from the market.
#7. The 1883-built sailing ship Elbe No 5 sinks near Hamburg
A 36.8-metre wooden sailboat Elbe No. 5 just launched after restoration, sank on the Elbe River near Hamburg, Germany. The vessel collided with a 142-metre Astrosprinter dry cargo ship flying the flag of Cyprus on June 9, according to CNN.
Despite quick evacuation via rescue boats, several people of the 43 (including 14 crew members) on-board the vessel were injured in the collision and taken to local hospitals. The causes of the incident were being investigated.
Yesterday, at the Boot exhibition in Dusseldorf, Il Cantiere del Pardo presented the new Grand Soleil 44 Performance. This is a project of Matteo Polly, the best designer in the offshore sector, rated, which is designed to become a reference boat in the racing sector ORC. The new Cantiere del Pardo challenge is called Grand Soleil 44. To win this bid, the shipyard turned to a designer who was best able to interpret the concept of a sports building on racetracks around the world in recent years. This new 44-foot kit complements the Grand Soleil Yachts Performance range, designed for more sporty owners looking for a high-performance boat that can deliver results even in a regatta, located between the GS 34, GS 48 and GS 58. As already noted on board the Grand Soleil 48, the GS 44 will also be available in two versions: the layout will be more suitable for cruising, with a different layout of the sail and deck plan to simplify maneuvers, the other will be more Race for the best on the regatta. Style and elegance complement the DNA of this new 44-foot footer, which feels a family of other models in this line. Despite the very light and sporty body, the liveliness of the interior is surprising in how much volume you can use and perceive. Following the trends of the latest Grand Soleil Performance models, even on 44-foot deck places, both for racing and for enjoying a boat on a cruise, they are truly remarkable, the dimensions of the cabin are significantly increased compared to all previous models. Among the distinguishing characteristics of the boat is the location of the mast in a rather opposite direction, which will increase the sail area for bow sails in order to maximize the characteristics taking into account the average Mediterranean conditions. A choice that also allowed the cabin layout to be promoted and thus have a larger cabin than previous models. The interior layout includes three cabins and two bathrooms. The spaces below the deck have a generous beam that offers large and comfortable volumes: the kitchen is located on the left, the dining room consists of a comfortable sofa with a dining table in the center, which can accommodate up to 8 persons. Master-suite, with a comfortable double bed, a sofa and a private bathroom, is really large for a 44-foot case with a sporty character. To make the interior even more comfortable, there is a wonderful natural brightness that penetrates through the various windows of the hull and onto the deck.
January 23, 2020
Abeking & Rasmussen have confirmed the launch of their new 68-meter superyacht, Soaring. The yacht had emerged out of her shed earlier this week and has now been lowered into the water for the first time this morning.Designed by Focus Yacht Design and project managed by Superyacht Technical Services, the yacht, which is set to become available for charter in the summer 2020, comes in at a size of over 1,500 GT.Soaring's upper deck features its master suite with a private owner's aft deck and a library. The yacht's remaining 5 guest cabins will be located on the main deck and catered to by a crew of 17.
January 18, 2020
Jaime Botin, part of the Satander banking dynasty, had been caught transporting a Picasso painting on his 67-meter sailing yacht Adix back in 2015. Now Madrid courts have fined the Spanish billionaire for €52.4 million and sentenced him to 18 months in prison.Botin, an active art collector, purchased Picasso's "Head of a Young Woman" painting back in 1977 for his collection. In February 2013, he tried to sell the painting at a Christies' auction in London but the art work couldn't leave Spain at their culture ministry's decision.Spain has some of the strictest laws when it comes to national heritage. According to them, any work of art over 100 years old that is considered culturally important in the view of their culture ministry can be deemed a national treasure, requiring its owner to get a permit in order to transport it out of Spain. Botin's permit was denied back in 2012.In 2015, Botin, according to Bloomberg, had his driver transport the painting from his Madrid home to Valencia where his 67-meter sailing yacht Adix was docked. When setting sail in June 2015, her captain didn't include the artwork on the list of onboard items. Soon after it set sail for Corsica, from where Botin had chartered a jet to ferry it to Geneva where he intended to keep it according to the publication.Tipped off that Botin's permit for the export of the Picasso hadn't gone through earlier, they inspected the yacht and found the painting in the captain's cabin.Adix itself is currently in Australia, finishing up her refit programme at the yard Brisbane. The yacht is set to remain in the South Pacific up to the America's Cup in Auckland in 2021. The painting found onboard the yacht in 2015 had an estimated value of $27 million, with experts saying it could now be even more. It has since become the property of the Spanish State.With a net worth valued by Forbes at $1.7 billion, Jaime Botin is the largest shareholder of Spanish bank Bankinter and a member of Spain's most prominent banking families. His great grandfather had founded Spain's largest bank, Santander.
January 18, 2020
Richard Matthews, original founder of Oyster Yachts, has returned to its board as a non-executive director. This follows Richard Hadida buying the company in 2018. Matthews had founded the sailing yacht manufacturer back in 1973.Oyster Yachts built its first 32ft sailing boat in 1973. From there it gradually extended its range of sailing yachts finding its sweet spot in 56ft to 125ft units designed by Robert Humphreys. In 2008 the company was sold to private equity firm Balmoral Capital for £70 million, before the firm disposed of it to HTP Investments for £15 million in 2012.Following a failure of the internal hull structure on Polina Star III, an Oyster 825 model, which led to the yacht sinking in 2015. This led to a recall of 4 other units and a dent in the builder's cash flow despite a £83 million order book in 2017. The following year, the company went into administration, before being purchased by Richard Hadida.Hadida is mostly known for founding Evolution Gaming, a company that powers most online casino games and currently trades on the Swedish stock market with a market cap of near €5 billion. His fried, yacht owner and automotive mogul Eddie Jordan was formerly also involved in the takeover bid with Oyster but later backed out."It is hugely important to me personally that the founder of the brand [Richard Matthews] I hold so close to my heart has given it his seal of approval by joining our board." Hadida explained. "Having restored the company to its former glory with the support of a fantastic team – from talented craftsmen to dedicated management – this feels like confirmation that Oyster is once again synonymous with quality and excellence, just as it was when Richard founded it back in 1973".
January 18, 2020
Turkish shipyard Numarine has announced the sale of 5 yachts from its XP series, bringing the total in the series up to 10. Four of these will be 26-meters in length and one 32-meters."These achievements indicate the relevance and popularity of the series" commented Numarine founder Omer Malaz. "We are very pleased that five more international customers will be able to experience what high quality and impeccable Numarine style are."All built on the same platform with identical layouts, the four 26XP yachts will feature a spacious flybridge, a main salon on the main deck and 4 guest cabins on the lower deck. Interior designs and finishes will be customised to the owner's tastes.The only substantial difference between the units will be the hulls, with one of them being semi-displacement with MAN engines of 1,200hp each, whilst the remaining ones will be displacement units with engines of 560-800hp each also manufactured by MAN.The 26XP and 32XP series were both designed by Can Yalman with naval architecture by Umberto Tagliavini. The Numarine 32XP model was being marketed at just under €9.3 million whilst the 26XP was asking just over €3.8 million.
January 17, 2020