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Superyachts

August

Italian firefighter divers bring ashore in a plastic bag the body of one of the victims of a shipwreck, in Porticello, Sicily.

Manslaughter, negligence investigation in Lynch yacht sinking

Authorities in Sicily have opened a manslaughter and negligent shipwreck probe into the August 19 sinking of British tech tycoon Mike Lynch’s yacht.

  • Updated
  • Donato Paolo Mancini
Mike Lynch is one of Britain’s best-known and most controversial technology entrepreneurs.

Mike Lynch died just as he was planning his ‘second life’

The billionaire British tech tycoon loved to appear ruthless but was quick to help those in need.

  • Ben Wright, Matthew Field and James Titcomb
Rescue divers arrive back with a fifth body from the luxury yacht.

Bodies recovered from superyacht wreckage include Morgan Stanley exec

Divers continue to search for the final missing person, thought to be the technology entrepreneur’s 18-year-old daughter, who may have been swept out to sea.

  • Updated
  • Guglielmo Mangiapane and Giselda Vagnoni
Scuba divers at the harbour of Porticello, southern Italy.

Divers find five bodies in superyacht, but questions remain

Among the recovered were reportedly technology entrepreneur Mike Lynch and his daughter, as questions intensified over why the vessel sank so quickly.

  • Nicole Winfield, Danica Kirka and Andrea Rosa
Rescue teams and divers returned to the site of the storm-sunken superyacht.

Investigation into ‘open hatches’ on doomed superyacht

One expert at the scene in Sicily told Reuters that an early focus would be on whether the yacht’s crew had failed to close access hatches into the vessel.

  • Updated
  • Connor Stringer, Albert Tait and Josephine McKenna
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ASX retakes 8000; Dexus posts $1.5b loss; Superyacht tragedy

Read everything that’s happened in the news so far today.

May

On Hamilton, a family dynasty bets there’s more money in islands

After showing potential buyers around last year, Sandy Oatley and his family are instead developing a new resort as they double down on the island.

  • Primrose Riordan
The Star superyacht moored at Marina Mirage on the Gold Coast on Tuesday morning.

Star Entertainment’s luxury yacht fire sale finds way to Federal Court

The family office of a wealthy Cypriot businessman has accused the gaming group of reneging on a sales agreement, and wants millions of dollars in compensation.

  • Max Mason and Zoe Samios

November 2023

The Maritimo M75 is designed for long-range cruising. Each vessel takes about 35,000 man hours to produce.

The $6.4m yacht that you can drive yourself

You need serious money to buy a motor yacht – think $6.45 million upwards for the M75. But it’s just you and your loved ones on board.

  • Tony Davis

February 2023

More superyachts berth at the Coral Bay Marina than anywhere else in Australia, according to Paul Darrouzet.

The Queensland marina that’s out to be the Monaco of the south

The revamped Coral Sea Marina Resort is the latest stage in former Rich Lister Paul Darrouzet’s big dream for the former “grotty yachtie” hangout at Airlie Beach.

  • Steve Meacham

September 2022

Fraser Yachts, which sells and manages superyachts as well as arranging charters, booked nearly 500 private trips in the first half of 2022.

Bankers follow Musk’s lead to holiday on rented superyachts

Americans are a growing client base, filling gaps left by wealthy Russians who aren’t travelling as much due to restrictions following the invasion of Ukraine

  • K. Oanh Ha

August 2022

My Saga capsized and plunged into the Ionian Sea.

Watch this 39-metre superyacht worth millions sink off Italy’s coast

The $11 million vessel was motoring through the Gulf of Squillace when the coast guard responded to a call that the boat’s stern was filling up with water.

  • Devon Pendleton
Wild Oats XI, now known as Hamilton Island Wild Oats, in action during the last Hamilton Island Race week, in 2019.

Hamilton Island Wild Oats v Andoo Comanche

All eyes will be on these super maxis during the island’s prestigious race week, which starts this weekend.

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Analiese Gregory joins star chefs at Hamilton Island Race Week

The host of SBS’ 2021 series “A Girl’s Guide to Hunting, Fishing and Wild Cooking” will be plating up foraged fare on August 25.

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May 2022

Babak Dastmaltschi was able to charm clients and handle complex transactions.

One man helped Credit Suisse make billions from Russia tycoons

Babak Dastmaltschi was the go-to banker for some of Russia’s wealthiest individuals, but then war and sanctions brought the business to a grinding halt.

  • Hugo Miller and Marion Halftermeyer
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March 2022

Roman Abramovich’s Solaris super yacht, off the coast of Montenegro late last week.

How Russia’s oligarchs are steering their super yachts to safety

If you’re an oligarch, you have a big nautical headache: where to put your super yacht. Most are steaming east, some have been caught, and some have gone dark.

  • Hans van Leeuwen
Billionaire Andrey Melnichenko, the owner of Sailing Yacht A.

Look inside the $794m boat just seized from a Russian billionaire

Italian police have impounded what is said to be the world’s largest sailing yacht, owned by fertiliser and coal tycoon Andrey Igorevich Melnichenko.

  • Emilio Parodi

Ukranian sailor tries to sink Russian boss’ yacht, then leaves for war

The 55-year-old engineer’s act of defiance happened at a luxurious marina in Mallorca, where his arms dealer employer has allegedly moored his superyacht.

  • Aritz Parra

February 2022

Boat broker Matt Walford from d’Albora Marine says demand reached all-time highs through COVID-19.

Demand for $5m+ luxury yachts surges

It looks like smooth sailing ahead for the boating sector, an industry that has enjoyed record demand and participation levels over the past two years.

  • Updated
  • Martin Kelly
Jeff Bezos’ new yacht, described as “the phallic symbol of a megalomaniac billionaire”.

More than 2700 Dutch residents plan to throw eggs at Jeff Bezos’ yacht

The Facebook campaign to do so was sparked by news that a historic bridge will be dismantled for the Amazon founder’s huge, new boat to pass through.

  • Sarah Jackson

Original URL: https://www.afr.com/topic/superyachts-1msr