silver mega yacht

New York real estate billionaire's $40M mega yacht anchored off Sanibel Island

A New York real estate billionaire's sleek mega yacht, the Silver Shalis, was spotted cruising Fort Myers Beach and anchored off Sanibel Island over the holiday weekend.

Built in 2010 by Delta Marine from a ship design by Langan Associates and interior by design house Jonathan Quinn Barnett, the 175-foot, 846-ton craft is owned by real estate tycoon Larry Silverstein.

The vessel, which can sleep 12 guests in six cabins and has a crew of 14 housed in seven cabins, has an annual running cost between between $2 million and $4 million.

The luxury mega yacht, sailing under the flag of the Marshall Islands, is valued by specialty yachting web sites at a whopping $40 million.

A  yacht tracking website placed the Silver Shalis just off the Sanibel Causeway near the Sanibel Lighthouse   on the east end of the island on Monday and early Tuesday. The vessel has been cruising the Gulf of Mexico and the Atlantic, visiting Fort Lauderdale at one port of call.

Sometimes, when not pressed into service, boats such as the Silver Shalis are rented out for charters. Such excursions cost from $200,000 to $400,000, or more, a week, according to yachtcharterfleet.com.

Local: After more than 80 years, big changes may come to Fort Myers Yacht Basin

Luxury offering: New home on Fort Myers Beach built by Alair Homes Sanibel touted as largest on FMB

Dining: On Sanibel, out with the old restaurants (Matzaluna, East End Deli, Il Tesoro) in with the new

Silverstein, 90, CEO of Silverstein Properties in New York, has a net worth of $3 billion, also according to superyachtfan.com .

Dara McQuillan, media contact for Silverstein Properties, confirmed the yacht was the CEO's.

"He is visiting the southwest coast of Florida, and loves it there," she said. 

A lot has been written about Silverstein.

A 2017 article in the Baltimore Business Journal said his company bought the World Trade Center weeks before the 9/11 terrorist attacks destroyed the twin towers. The company rebuilt the complex that includes the Freedom Tower.

The company's most recent acquisition was a lower Manhattan apartment tower. Silverstein Properties purchased at 116 John St., a converted office tower in the Financial District, for $248 million, according to a company statement.

And on Jan. 10, Silverstein Capital Partners — Silverstein Properties’ real estate lending platform — closed on a $2 billion fund committed by its two existing and three new global institutional investors. 

About The Silver Shalis

• Powered by twin diesel engines, she comfortably cruises at 12 knots, reaches a maximum speed of 14 knots.
• Silver Shalis is built with a aluminum hull and composite superstructure, with teak decks.
• Capable of transoceanic crossings, with a maximum speed of 18.5 knots.
• Lightweight aluminum hull and composite superstructure seamlessly joined in a striking exterior design.
• Built to Lloyds Register Class, one of her head-turning features is a sleek hull of exquisite cerulean blue, the result of a multistep painting process and cast against an off-white superstructure with shimmering metallic silver details. 
• Inside décor complements the art collection on display throughout her many living and entertainment spaces. ]
• On the interior, her decks are served by a silent, glass-enclosed cylindrical elevator with an oil-rubbed bronze metal finish.
• A central staircase wraps around the elevator, featuring curved marble wall panels—a remarkable accomplishment, as all panels run vertically in a sequential vein-matched arrangement throughout the length of the stair tower.
• The upper deck features an indoor/outdoor dining option for ten via a distinctive curved glass door that opens a full 180 degrees.
• Among many features is an extensively outfitted gym on the sun deck with panoramic views of the outside and a lap pool. Source:  https://www.deltamarine.com/ , https://www.yachtcharterfleet.com/

Connect with breaking news reporter Michael Braun:  MichaelBraunNP (Facebook) ,  @MichaelBraunNP (Twitter) or [email protected]. 

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Divers find 5 bodies during search of yacht wreckage off Sicily

The Associated Press

Italian firefighter divers bring ashore in a green bag the body of one of the victims of the U.K.-flag vessel Bayesian on Wednesday. The luxury sail yacht was hit by a violent sudden storm and sunk early Monday, while at anchor off the Sicilian village of Porticello near Palermo, in southern Italy. Salvatore Cavalli/AP hide caption

PORTICELLO, Sicily — Divers searching the wreck of a superyacht that sank off Sicily found the bodies of five passengers Wednesday and searched for one more as questions intensified about why the vessel sank so quickly when a nearby sailboat remained largely unscathed.

Rescue crews unloaded three body bags from rescue vessels that pulled into port at Porticello. Salvatore Cocina, head of the Sicily civil protection agency, said two other bodies had also been found in the wreckage for a total of five.

Who are Mike Lynch and the other people missing after a yacht sank in Sicily?

The discovery made clear the operation to search the hull on the seabed 50 meters (164 feet) underwater had quickly turned into a recovery one, not a rescue, given the amount of time that had passed and that no signs of life had emerged over three days of searching, maritime experts said.

The Bayesian, a 56-meter (184-foot) British-flagged yacht, went down in a storm early Monday as it was moored about a kilometer (a half-mile) offshore. Civil protection officials said they believed the ship was struck by a tornado over the water, known as a waterspout, and sank quickly.

Fifteen people escaped in a lifeboat and were rescued by a nearby sailboat. One body was recovered Monday — that of the ship’s chef, Recaldo Thomas, of Antigua.

Thomas was born in Canada, according to his cousin David Isaac, but would visit his parents’ homeland of Antigua as a child, moving permanently to the tiny eastern Caribbean island in his early 20s. Italian officials previously listed Antigua as the nationality of someone on board.

The fate of six missing passengers had driven the search effort, including British tech magnate Mike Lynch , his 18-year-old daughter and associates who had successfully defended him in a recent U.S. federal fraud trial.

Lynch’s spokesperson did not respond to a request for comment Wednesday.

Emergency services at the scene of the search for a missing boat, in Porticello, southern Italy, on Tuesday. Salvatore Cavalli/AP hide caption

What caused the ship to sink so quickly?

Meanwhile, investigators from the Termini Imerese Public Prosecutor’s Office were acquiring evidence for their criminal investigation, which they opened immediately after the tragedy even though no formal suspects have been publicly identified.

Questions abound about what caused the superyacht, built in 2008 by Italian shipyard Perini Navi, to sink so quickly, when the nearby Sir Robert Baden Powell sailboat was largely spared and managed to rescue the survivors.

Was it merely the case of a freak waterspout that knocked the ship to its side and allowed water to pour in through open hatches? What was the position of the keel, which on a large sailboat such as the Bayesian might have been retractable, to allow it to enter shallower ports?

“There’s a lot of uncertainty as to whether it had a lifting keel and whether it might have been up,” said Jean-Baptiste Souppez, a fellow of the Royal Institute of Naval Architects and the editor of the Journal of Sailing Technology. “But if it had, then that would reduce the amount of stability that the vessel had, and therefore made it easier for it to roll over on its side,” he said in an interview.

The captain of the Sir Robert Baden Powell sailboat, which came to the Bayesian’s rescue, said his craft had sustained minimal damage — the frame of a sun awning broke — even with winds that he estimated reached 12 on the Beaufort wind scale, which is the highest, hurricane-strength force on the scale.

He said he had remained anchored with his engines running to try to maintain the ship’s position as the storm, which was forecast, rolled in.

Search teams scour waters along Italy’s southwestern shore, where a luxury yacht sank

“Another possibility is to heave anchor before the storm and to run downwind at open sea,” Karsten Bornersaid in a text message. But he said that might not have been a viable option for the Bayesian, given its trademark 75-meter (246-foot) tall mast.

“If there was a stability problem, caused by the extremely tall mast, it would not have been better at open sea,” he said.

Yachts like the Bayesian are required to have watertight, sub-compartments that are specifically designed to prevent a rapid, catastrophic sinking even when some parts fill with water.

“So for the vessel to sink, especially this fast, you are really looking at taking water on board very quickly, but also in a number of locations along the length of the vessel, which again indicates that it might have been rolled over on its side,” Souppez said.

Italian coast guard and fire rescue divers continued the underwater search in dangerous and time-consuming conditions. Because of the wreck’s depth, which requires special precautions, divers working in tag teams could only spend about 12 minutes at a time searching.

The limited dive time is designed in part to avoid decompression sickness, also known as the “bends,” which can occur when divers stay underwater for long periods and ascend too quickly, allowing nitrogen gas dissolved in the blood to form bubbles.

“The longer you stay, the slower your ascent has to be,” said Simon Rogerson, the editor of SCUBA magazine. He said the tight turnaround time suggests the operation's managers are trying to limit the risks and recovery time after each dive.

“It sounds like they’re operating essentially on no decompression or very tight decompression, or they’re being extremely conservative,” he said.

Additionally, the divers were working in extremely tight spaces, with debris floating around them, limited visibility and oxygen tanks on their backs.

Search resumes for British tech magnate and 5 others after yacht sinks off Sicily

“We are trying to advance in tight spaces, but any single thing slows us down,” said Luca Cari, spokesman for the fire rescue service. “An electric panel could set us back for five hours. These aren’t normal conditions. We’re at the limit of possibility.”

“It’s not a question of entering the cabin to inspect it,” he added. “They’ve arrived at the level of the cabins, but it’s not like you can open the door,” he said.

The Italian coast guard said they had reinforced their dive teams and were using underwater remote-controlled robots, which can stay out for six or seven hours at a time and record the surroundings.

The lack of any signs of life and the recovery of bodies led outside experts to conclude that the search was now a recovery effort and investigation to determine how the tragedy had unfolded.

“I think the fact that there’s been quite a lot of diving presence around the vessel and that they haven’t been able to pick up any signs of life inside the vessel, is, is unfortunately, not a particularly good sign,” said Souppez.

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5th body recovered from Mike Lynch's family yacht off Sicily as questions mount over luxury vessel's sinking

By Anna Matranga

Updated on: August 22, 2024 / 10:48 AM EDT / CBS News

Rome — Divers recovered the body of a fifth victim of the Bayesian superyacht wreck Thursday morning, Sicily Civil Protection Chief Salvo Cocina confirmed to CBS News, and the Reuters news agency cited Italian Interior Ministry official Massimo Mariani as saying it was the body of Mike Lynch, the British tech magnate whose wife owned the vessel.

Italian Coast Guard spokesperson Vincenzo Zagarola told CBS News that teams were still working to recover the body of the sixth and final person left missing when the boat went down. The six bodies had remained stuck inside the 184-foot luxury yacht for days after it sank early Monday morning off the coast of Palermo, Sicily in a severe thunderstorm.

Four bodies were retrieved Wednesday from the Bayesian, which was resting on the seafloor at a 90 degree angle at a depth of over 160 feet. The vessel's position and items that moved around inside the ill-fated yacht made recovery efforts slow and hazardous.

Italian authorities have not officially identified the remains recovered from the Bayesian, which belonged to Lynch's wife Angela Bacares. She was among the 15 people who managed to escape from the boat as it sank quickly on Monday morning, but Lynch and his 18-year-old daughter Hannah were among those left missing.

Another victim, the Bayesian superyacht's chef, was found dead soon after the boat capsized. 

Along with Lynch and his daughter, the technology mogul's American lawyer Chris Morvillo and his wife Neda, and British banker Jonathan Bloomer and his wife, were believed to have been trapped in the yacht when it sank.

Questions as to how the state-of-the-art boat could have gone down so quickly have mounted steadily since the accident. 

Italian media were reporting Thursday that, after questioning survivors and witnesses, Italian prosecutors had opened an official investigation into a possible "culpable shipwreck." No individuals had been named as potential suspects.

On Thursday, Giovanni Costantino, head of the Italian Sea Group, which owns the company Perini Navi, which built the Bayesian in 2008, blamed human error.

"A Perini ship resisted Hurricane Katrina, a Category 5 [hurricane]. Does it seem to you that it can't resist a tornado from here?" he remarked to the newspaper Corriere della Sera. "It is good practice when the ship is at anchor to have a guard on the bridge, and if there was one he could not have failed to see the storm coming. Instead, it took on water with the guests still in the cabin. ... They ended up in a trap, those poor people ended up like mice."

One possible factor could have been that the ship's keel — a fin-like structure that sticks out from the bottom of the boat, designed to provide stability and counterweight to the huge mast — was not fully deployed. The yacht had a retractable keel that could be raised for entry into shallow harbors. But a raised keel at sea would have made the ship much more vulnerable to instability in the strong winds that struck early Monday morning.

When asked whether divers had seen the ship's keel in a raised position, a spokesman for the Italian Coast Guard told CBS News that only the prosecutor investigating the incident could confirm such information but that the Coast Guard "was not denying" it. 

The ship's captain, 51-year-old New Zealand national James Cutfileld, was questioned for two hours by prosecutors on Thursday, according to Italian media.

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Five bodies found inside superyacht that sank off Sicily

PORTICELLO, Sicily — Divers recovered four bodies Wednesday from inside a superyacht that sank in a sudden storm off Sicily , Salvatore Cocina, director of the island's Civil Protection Agency, confirmed to NBC News.

Cocina later confirmed to Sky News that a fifth body had been found and was being brought to shore. One passenger remains missing.

The identities of the bodies were not immediately released. Their recovery follows a dayslong search in the deep waters off Italy where British tech tycoon Mike Lynch  and several others were believed to be trapped in the hull. Fifteen of the 22 people aboard survived.

The rest had been missing since early Monday, when the Bayesian was caught in the storm anchored off the coast of Porticello, a village near the Sicilian capital city, Palermo.

The body of the ship’s cook, identified as Recaldo Thomas, a Canadian Antiguan national, was recovered Monday. 

On Wednesday, NBC News witnessed what appeared to be at least three body bags being lifted from fire department boats after they pulled into port at Porticello. It was unclear whose bodies they were. Some were later transferred to ambulances and driven away from the dock.

Lynch’s 18-year-old daughter, Hannah; Morgan Stanley International Chairman Jonathan Bloomer and his wife, Judy; and Clifford Chance lawyer Chris Morvillo and his wife, Neda, are also missing. 

The Bayesian is owned by a firm linked to Lynch’s wife, Angela Bacares, who was among the survivors rescued by a nearby vessel after they got into a lifeboat.

Built by the Italian shipbuilder Perini Navi in 2008, the U.K.-registered yacht could carry 12 guests and a crew of up to 10, according to online specialist boating sites. Its nearly 250-foot mast is the tallest aluminum sailing mast in the world, according to CharterWorld Luxury Yacht Charters.  

Regularly described in U.K. media as “Britain’s Bill Gates,” Lynch was  acquitted of fraud by a San Francisco jury this year, stemming from the sale of his software company Autonomy to Hewlett-Packard for $11 billion in 2011.

The Mediterranean sailing vacation was designed to be a celebration for Lynch, who brought Bloomer, who testified in his defense, and Morvillo, one of his U.S. lawyers, on the trip.

Lynch's co-defendant Stephen Chamberlain was not aboard the Bayesian, but in what appears to be a tragic coincidence, a  car struck and killed  him Saturday as he was jogging in a village about 68 miles north of London, local police said.

Claudio Lavanga and Claudia Rizzo reported from Porticello. Henry Austin reported from London.

Claudio Lavanga is Rome-based foreign correspondent for NBC News.

Claudia Rizzo is an Italy based journalist.

Henry Austin is a senior editor for NBC News Digital based in London.

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Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic

As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.

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By Emma Bubola and Michael J. de la Merced

Emma Bubola reported from Porticello, Italy, and Michael J. de la Merced from London.

Two months after being cleared in a bruising legal battle over fraud charges, the British tech mogul Mike Lynch celebrated his freedom with a cruise. He invited his family, friends and part of his legal team on board his luxury sailing yacht, a majestic 180-foot vessel named Bayesian after the mathematical theorem around which he had built his empire.

On Sunday night, after a tour of the Gulf of Naples, including Capri, and volcanic islands in the Eolian archipelago, the boat anchored half a mile off the Sicilian coast in Porticello, Italy. It chose a stretch of water favored by the Phoenicians thousands of years ago for its protection from the mistral wind and, in more recent times, by the yachts of tech billionaires. The boat was lit “like a Christmas tree,” local residents said, standing out against the full moon.

But about 4 a.m., calamity unfolded. A violent and fast storm hit the area with some of the strongest winds locals said they had ever felt. Fabio Cefalù, a fisherman, said he saw a flare pierce the darkness shortly after 4.

Minutes later, the yacht was underwater. Only dozens of cushions from the boat’s deck and a gigantic radar from its mast floated on the surface of the sea, fishermen said.

In all, 22 people were on board, 15 of whom were rescued. Six bodies — five passengers and the ship’s cook — had been recovered by Thursday afternoon, including that of Mr. Lynch, an Italian government official said, adding that the search was continuing for his daughter.

It was a tragic and mystifying turn of events for Mr. Lynch, 59, who had spent years seeking to clear his name and was finally inaugurating a new chapter in his life. Experts wondered how a $40 million yacht, so robust and stable could have been sunk by a storm near a port within minutes.

“It drives me insane,” said Giovanni Costantino, the chief executive of the Italian Sea Group, which in 2022 bought the company, Perini, that made the Bayesian. “Following all the proper procedures, that boat is unsinkable.”

The aura of misfortune only deepened when it emerged that Stephen Chamberlain, 52, a former vice president of finance for Mr. Lynch’s former company and a co-defendant in the fraud case, was killed two days earlier, when he was hit by a car while jogging near his house in England.

Since June, the two men had been in a jubilant mood. A jury in San Francisco had acquitted both on fraud charges that could have sent them to prison for two decades. There were hugs and tears, and they and their legal teams went for a celebratory dinner party at a restaurant in the city, said Gary S. Lincenberg, a lawyer for Mr. Chamberlain.

The sea excursion was meant as a thank-you by Mr. Lynch to those who had helped him in his legal travails. Among the guests was Christopher J. Morvillo, 59, a scion of a prominent New York family of lawyers who had represented Mr. Lynch for 12 years. He and his wife, Neda, 57, were among the missing.

So, too, was Jonathan Bloomer, 70, a veteran British insurance executive who chaired Morgan Stanley International and the insurer Hiscox.

The body of the ship’s cook, Recaldo Thomas, was recovered. All the other crew members survived. Among them was Leo Eppel, 19, of South Africa, who was on his first yacht voyage working as a deck steward, said a friend, who asked not to be identified.

Since the sinking, the recovery effort and investigation have turned the tiny port town of Porticello, a quiet enclave where older men sit bare-chested on balconies, into what feels like the set of a movie.

Helicopters have flown overhead. Ambulances have sped by with the sirens blaring. The Coast Guard has patrolled the waters off shore, within sight of a cordoned-off dock that had been turned into an emergency headquarters.

On Wednesday afternoon, a church bell tolled after the first body bag was loaded into an ambulance, a crowd watching in silence.

The survivors were sheltering in a sprawling resort near Porticello, with a view of the shipwreck spot, and had so far declined to comment.

Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said that the yacht had most likely been hit by a fierce “down burst” — when air generated within a thunderstorm descends rapidly — or by a waterspout , similar to a tornado over water.

He added that his agency had put out rough-sea warnings the previous evening, alerting sailors about storms and strong winds. Locals said the winds “felt like an earthquake.”

Mr. Costantino, the boat executive, said the yacht had been specifically designed for having a tall mast — the second-tallest aluminum mast in the world. He said the Bayesian was an extremely safe and secure boat that could list even to 75 degrees without capsizing.

But he said that if some of the hatches on the side and in the stern, or some of the deck doors, had been open, the boat could have taken on water and sunk. Standard procedure in such storms, he said, is to switch on the engine, lift the anchor and turn the boat into the wind, lowering the keel for extra stability, closing doors and gathering the guests in the main hall inside the deck.

12 guests occupied the yacht’s six cabins. There were also 10 crew members.

Open hatches, doors and cabin windows could have let in water during a storm, according to the manufacturer.

Open hatches, doors and

cabin windows could

have let in water

during a storm,

according to the

manufacturer.

Source: Superyacht Times, YachtCharterFleet, MarineTraffic

By Veronica Penney

The New York Times attempted to reach the captain, James Cutfield, who had survived, for comment through social media, his brother and the management company of the yacht (which did not hire the crew), but did not make contact.

So far none of the surviving crew members have made a public statement about what happened that night.

Fabio Genco, the director of Palermo’s emergency services, who treated some of the survivors, said that the victims had recounted feeling as if the boat was being lifted, then suddenly dropped, with objects from the cabins falling on them.

The Italian Coast Guard said it had deployed a remotely operated vehicle that can prowl underwater for up to seven hours at a depth of more than 980 feet and record videos and images that they hoped would help them reconstruct the dynamics of the sinking. Such devices were used during the search and rescue operations of the Titan vessel that is believed to have imploded last summer near the wreckage of the Titanic.

After rescuers broke inside the yacht, they struggled to navigate the ropes and many pieces of furniture cluttering the vessel, said Luca Cari, a spokesman for Italy’s national firefighter corps.

Finally, as of Thursday morning, they had managed to retrieve all but one of the missing bodies, and hopes of finding the missing person alive were thin. “Can a human being be underwater for two days?” Mr. Cari asked.

What was certain was that Mr. Lynch’s death was yet another cruel twist of fate for a man who had spent years seeking to clear his name.

He earned a fortune in technology and was nicknamed Britain’s Bill Gates. But for more than a decade, he had been treated as anything but a respected tech leader.

He was accused by Hewlett-Packard, the American technological pioneer that had bought his software company, Autonomy, for $11 billion, of misleading it about his company’s worth. (Hewlett-Packard wrote down the value of the transaction by about $8.8 billion, and critics called it one of the worst deals of all time .) He had been increasingly shunned by the British establishment that he sought to break into after growing up working-class outside London.

He was extradited to San Francisco to face criminal charges, and confined to house arrest and 24-hour surveillance on his dime. In a townhouse in the Pacific Heights neighborhood — with security people he jokingly told associates were his “roommates” — he spent his mornings talking with researchers whom he funded personally on new applications for artificial intelligence. Afterward, he devoted hours to discussing legal strategy with his team.

Despite his persistent claims of innocence, even those close to Mr. Lynch had believed his odds of victory were slim. Autonomy’s chief financial officer, Sushovan Hussain, was convicted in 2018 of similar fraud charges and spent five years in prison.

During Mr. Lynch’s house arrest, his brother and mother died. His wife, Angela Bacares, frequently flew over from England, and she became a constant presence in the San Francisco courtroom during the trial.

After he was finally acquitted, Mr. Lynch had his eye on the future. “I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” he said.

Elisabetta Povoledo contributed reporting from Pallanza, Italy.

Emma Bubola is a Times reporter based in Rome. More about Emma Bubola

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

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Yacht Sank in Sicily Due to ‘Endless Chain of Errors,' Ship Maker's Owner Speculates: ‘Everything Was Predictable’

"A series of activities should have been done to avoid finding oneself in that situation," argues Giovanni Costantino, who owns the firm that built the vessel in 2008

• Giovanni Costantino — who is the CEO of The Italian Sea Group, the company that now owns Perini Navi, which built the  Bayesian  in 2008 — blames an "endless chain of errors" for the luxury yacht’s sinking on Monday, Aug. 19
• "Everything was predictable. I have the weather charts in front of me here," Constantino told Italian newspaper  Corriere della Sera  of the storm the boat was caught in
• "An unsinkable ship but from the crew an endless chain of errors," the CEO claimed to the outlet

The sinking of the luxury Bayesian  yacht off the coast of Sicily this week  resulted from an "endless chain of errors" by the crew, the ship maker's CEO is speculating.

"This episode sounds like an unbelievable story, both technically and as a fact," Giovanni Costantino — who leads The Italian Sea Group, the company that now owns Perini Navi, which built the  Bayesian  in 2008 — said,  according to CNN .

While speaking to  Italian newspaper  Corriere della Sera , Costantino said he believes those on board should not have been in their cabins, as he claims they were, when the Bayesian sank in the early hours of Monday, Aug. 19. 

Many details of why the yacht went into the water so quickly remain unclear and it's not yet known what the passengers and crew were doing before tragedy struck.

PERINI NAVI PRESS OFFICE/HANDOUT/EPA-EFE/Shutterstock

The 183-foot British vessel sank around 5 a.m. local time on Monday after a "violent storm" while near Porticello, the Italian coast guard said in a statement that was previously obtained by PEOPLE.

"Everything that has been done reveals a very long sum of errors. The people should not have been in the cabins, the boat should not have been at anchor. And then why didn't the crew know about the incoming disturbance?" Costantino said in his interview, translated from Italian.

"The passengers reported an absurd thing, namely that the storm came unexpected, suddenly. It's not true. Everything was predictable. I have the weather charts in front of me here. Nothing came suddenly ... Ask yourself, why was no fisherman from Porticello out that night? A fisherman reads the weather conditions and a ship doesn't? The disturbance was fully readable in all the weather charts. One could not not know," he argued.

"An unsinkable ship but from the crew an endless chain of errors," the CEO asserted.

The coast guard has said 22 people were aboard the  Bayesian  when it sank — 12 passengers and 10 crew — and that 15 of those were subsequently rescued.

The body of the yacht's chef, Recaldo Thomas, was recovered nearby. 

ALBERTO PIZZOLI/AFP via Getty

Costantino's comments came as it was reported that five bodies had been found in the search for the missing six people as of Wednesday, Aug. 21, a source close to the rescue operations confirmed to PEOPLE. Authorities have said that their work is ongoing. 

An Italian government official, Massimo Mariani, reportedly named one of the dead as British tech tycoon Mike Lynch . The other bodies have not yet been publicly identified by authorities. 

Lynch was celebrating with family and friends on the yacht following his acquittal in a fraud trial in June, PEOPLE previously reported.

Costantino offered his view of how the tragedy could have been avoided: "To begin with, in a weather alert situation it was inappropriate to have, as I read, a party. Not that evening. The hull and deck needed to be secured by closing all doors and hatches, after putting the guests at the ship's meeting point as per emergency procedure. Then start the engines and pull up the anchor or release it automatically, put the bow to the wind and lower the keel.

"The next morning they would have departed with zero damage." 

Jonathan Brady/PA Images via Getty

When discussing whether the crew were at fault, Costantino reiterated to the Italian outlet that he believes "errors were made."

"A series of activities should have been done to avoid finding oneself in that situation," he said. "I as the ship's captain would have moved, but even if for some reason I had to stay there, I would have managed those weather conditions which then, let's face it, weren't so crazy."

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Costantino contended that there would have been "a zero risk if the correct maneuvers had been made and if situations that compromised the ship's stability had not occurred," adding to the newspaper that reports that the boat went down in seconds is "nonsense." He believes the yacht would have "went down" after water "started to enter" within "six minutes."

The remaining missing  Bayesian  passengers are Lynch's daughter Hannah as well as Chairman of Morgan Stanley International  Jonathan Bloomer, his wife, Judy , and New York City-based lawyer  Christopher Morvillo and his wife, Neda , sources have said.

Lynch's wife, Angela Bacares, was among those rescued, PEOPLE previously reported.

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New 77m superyacht SILVER FAST launched by SILVERYACHTS

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Written by Zuzana Bednarova

Australian shipyard, SilverYachts , successfully launched their breath-taking 77-metre superyacht Silver Fast (ex Suvretta) over the weekend. Superbly penned by Espen Oeino , luxury motor yacht SilverFast represents the fourth and most advanced ecofuel-efficient vessel in the ground-breaking silver series, following mega yacht Rabdan (ex Silver), super yacht Dragonfly (ex Silver Zwei) and luxury yacht Smeralda .

Luxury mega yacht SILVER FAST (ex Suvretta) by SilverYachts

Super yacht SilverFast retains the super-sleek contour and unique hull lines of her much-prized predecessors, but with a striking new all silver paint. The vessel boasts a newly envisaged interior design package, expanded deck spaces, glass-fronted Jacuzzi, indoor-outdoor air conditioned dining area with wrap-around sliding glass panels and a sumptuously spacious saloon. The spacious beach club comes complete with spa, sauna and gym.

Silver Fast superyacht is expected to achieve unbeaten top speeds close to 29 knots and a range of 4500 nautical miles at 18 knots or 6000 nautical miles at 14 knots.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "New 77m superyacht SILVER FAST launched by SILVERYACHTS".

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Email Your Yachting News to: news @ charterworld.com

Launch of 77m mega yacht SILVER FAST announced by SILVER YACHTS

Photos from launch of 77m mega yacht SILVER FAST by SILVER YACHTS

Breath-taking 77m Superyacht SILVER FAST to be displayed by SilverYachts at MYS

Outstanding 77m Mega Yacht SILVER FAST by Silver Yachts shortlisted for IY&A Award 2016

Late summer special offer on board 72m superyacht ARBEMA in the Western Mediterranean

The International SeaKeepers Society will host its 2024 annual Founders Event in October

Special offer for remaining weeks of September on board 51m sailing yacht RED DRAGON

A luxury charter yacht is the perfect way to encounter New England’s fall foliage display

Navigating the World of Luxury Yacht Charters: Your Guide to the Perfect Getaway

OCEA delivers 33m motor yacht ARAOK II to her new owner

39m sailing yacht LINNEA AURORA launched by SES Yachts

A first look at 55m superyacht PROJECT AGNETHA from Heesen Yachts

44m superyacht ORION ONE reaches a construction milestone

40m superyacht HYGGE from MCP Yachts commences sea trials

44m charter yacht JEMS offers 9 days for the price of 7 in August in Italy

Rossinavi introduces full custom 50m superyacht BEL1

Charter Yacht THE WELLESLEY offers a whopping 20% discount in the Balearics or the South of France

Matthew’s Substack

Bayesian, the mega sailing yacht that sank last week by Sicily, was a disaster waiting to happen. Here's why.

Modern high-tech composite materials and rigging allow super-high single-masted sloops that were impossible to build in the old schooner era. An advantage of the old schooners was that with their sails down, there was much less windage far aloft. For a modern giant super-sloop, the windage aloft, even at anchor, is tremendous. All of those spreaders plus the mast surface area present a massive amount of windage when subjected to a blast of wind. The enormous height causes vastly more leverage than the same wind striking a "low aspect ratio" sailing rig. At anchor, deck hatches would be open. If the boat is heeled over far enough to put open side deck hatches underwater, down-flooding and sinking would happen in a matter of a minute or two.

To have a safe righting moment even after being knocked down with her mast horizontal and in the water, Bayesian would have needed a ballast keel 40 or so feet deep. This is not practical, so mega sailboats rely on inertia and mass to not get knocked all the way down. If they are knocked down, they are basically doomed if any hatches are open. There is no ballast keel sufficient to lever them back upright.

Bayesian had HUGE windage, and very high up. Even with her sails down and roller jibs furled, the 237' tall mast is (estimating from photos) almost five feet front to back, and she had 6 sets of "spreaders" that are almost the size of a Cessna's wings. Once she's heeled 45* by the sudden wind blast catching her on her beam, she didn't shed the wind, she caught even more on her spreaders. Her roller furling jibs are also massive, about a yard in diameter even when furled.

A sloop is the most efficient sailing rig in terms of potential lift to drag. 2 sails, one mast. But that enormous mast is always way, way up there. An old gaff schooner at anchor would present much less windage. But any giant sailing ship relying on mass and inertia to avoid being knocked down was and is always at risk. Another "safety factor" present in older sailing ships was that their organic-fiber sails and ropes would tend to "blow out" when struck by a wind blast, instead of taking the ship all the way over. Even being dismasted was preferable to being knocked down and sunk. With today's modern sails and rigging, the sails won't fail, and the sailing ship will be driven over on her beam end.

White Squall 1996 Trailer | Jeff Bridges This is a movie recounting when a sailing ship was knocked down by a "white squall" and sank in minutes with the loss of life.

This also happened to the 90' Pride of Baltimore #1, in 1986 under full sail on the Atlantic.

A schooner being knocked down in a storm also occurs in my new novel, Doomsday Reef. https://www.amazon.com/Doomsday-Reef-Matthew-Bracken/dp/0

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