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SuperYacht Times

SuperYachtTimes.com is the leading superyacht website, updated daily with the most relevant and interesting superyacht news and information. In addition, SuperYacht Times also publishes the quarterly newspaper, The SuperYacht Times, in which readers around the world enjoy compelling superyacht stories and unique features from some of the industry’s most influential players, all accompanied by crisp, fresh photography.

“Often people only see the luxury associated with superyachts, but there is a lot more to it than that. It all starts from that first moment of creation – what other object can you create from a blank piece of paper, which is then made by skilled craftspeople exactly to your wishes? The whole process involves so many different kinds of trades and materials. There is something magical about it. From that point onwards, your enjoyment of the yacht only increases – exploring new places, experiencing new cultures and having the time of your life with family and friends from your home on the water. I believe that as an industry we can do a lot more to promote all of this and elevate the image of yachting worldwide.” – Merijn de Waard, Advisor to the Board and Director of SuperYacht Times

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A pledge for the next generation

The ISS has a new programme designed to attract, retain and develop the next generation of yachting professionals and create opportunities for emerging talent

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2024 edition of The Honours imminent

The second edition of The Honours takes place on the eve of the 2024 Monaco Yacht Show on 24 September…

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A serious show of strength

Of all the shows, events and exhibitions around the world, there is only one that makes sense in September…

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Pendennis secures majority shares in Cockwells

The shipyard has acquired a majority stake in the British boat builder, bringing together two well-established Cornish companies to collaborate on future growth…

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Saudi Arabia announce first ever regulations

The SRSA has issued Saudi Arabia’s first-ever regulation for Saudi yachts as it looks to bolster marine tourism in the region…

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Can superyachts be vessels for change?

Despite recent events putting superyachts under the spotlight, various initiatives are in place to create positive impacts…

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“Corruption corridors”

John McCaughey of John Francis International raises the issue of yacht surveying, refitting and refurbishing fraud, and offers measures to mitigate such unethic…

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Stefano de Vivo steps down from Ferretti

The Group’s CCO is set to leave Ferretti after a decade of growth, transitioning to a CEO role, whilst maintaining a consultancy role within the firm…

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Ocean Independence restructures leadership team

The Küsnacht-based brokerage has appointed André Mahr as COO and promoted Toby Maclaurin to CCO as the firm moves to foster further growth…

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EU Court rejects plea for Meridian A

The 85-metre Lürssen will remain in the hands of Spanish authorities due to suspected ties to the Russian CEO of Rostec, Sergei Chemezov…

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SuperyachtIndex Press releases

West nautical announces new sales central agency ahead of yacht shows.

West Nautical are proud to add a new sales CA to our fleet. M/Y Ami, a Sanlorenzo SX112, which was delivered in 2023.

West Nautical, the superyacht specialists, launch a new office in Dubai

The yachting market in Dubai has experienced remarkable growth in recent years, attracting yacht enthusiasts from around the world, making this the perfect location for West Nautical to expand into. The office is located in the prestigious area of Bus

Superyacht specialists, West Nautical, continues to grow

West Nautical is a full-service superyacht company providing services including sales, charter, yacht and project management and crew recruitment. While the head offices are located in Newcastle upon Tyne in the UK, they also have international offices an

Image for EU Court rejects plea for Meridian A

The 85-metre Lürssen will remain in the hands of Spanish authorities due to suspected ties to the Russian CEO of Rostec, Sergei Chemezov

Image for Tornado sinks yacht, leaving six missing and one dead

Tornado sinks yacht, leaving six missing and one dead

Fifteen people have been rescued after a tornado sank 56-metre sailing yacht Bayesian off the coast of Palermo, with searches underway for the remaining victims

Image for Atina sinks in Sardinia

Atina sinks in Sardinia

The 47-metre Heesen was engulfed in a blaze that reportedly started in the tender garage

Image for Update: Steve Jobs’ “unmanned” yacht collides with Lady Moura

Update: Steve Jobs’ “unmanned” yacht collides with Lady Moura

In an official update provided to SuperyachtNews, it appears Venus’ bridge was unmanned at the time of a minor collision that has sparked debate online

Image for Lady Eleganza collides with ferry in Pašman Channel

Lady Eleganza collides with ferry in Pašman Channel

The 50-metre yacht collided with a ferry in Croatia, and initial reports suggest the yacht's captain was absent during the incident

Image for Several yachts destroyed in Greek marina fire

Several yachts destroyed in Greek marina fire

One firefighter has been hospitalised following a blaze that sank three vessels and damaged more in Marina Zeas

Image for Ethos begins to sink near Kefalonia

Ethos begins to sink near Kefalonia

This is the third instance in the same week of yachts of a similar size either grounding or beginning to sink due to water ingress

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50m Bilgin Eternal Spark for charter

62m project nacre in build on speculation, feadship launches project 821, the world’s first hydrogen fuel-cell superyacht, feadship’s environmental roadmap continues with project 713, a new 68m feadship joins the superyacht charter market, the new kismet expected at the monaco yacht show 2024.

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IN THE NEWS /// Superyacht Builders

Rossinavi continues to surprise with its first hybrid yacht with ai..., in the news /// new builds, tankoa’s s501 series at her debut in the ‘evo’ version at..., feadship project 1011 gets ready for sea trials, sirena yachts starts construction of the first 42m superyacht, carbon reduction and environmental impact: feadship delivers 84m yacht obsidian.

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Gill schmid design presents the 73m superyacht escapade, admiral 72 by giorgio armani, not yet born but already destined..., codecasa m/y my legacy, inspired by the elegance of bygone eras.

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Who Was on the Sunken Yacht? Tech Mogul Mike Lynch, His Family and Friends.

Mr. Lynch, the former chief executive of the software firm Autonomy, who was acquitted on fraud charges in June, was with friends and family when the yacht went down in a severe storm.

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Mike Lynch, in a suit and carrying a leather briefcase, is walking toward a building.

By Michael J. de la Merced

Michael de la Merced reported on Mike Lynch’s career and legal battles over the course of 13 years across two continents.

A cruise on the Mediterranean Sea aboard a superyacht was supposed to be a celebratory event for the British tech entrepreneur Mike Lynch , who was acquitted in June of fraud charges tied to the sale of his company, Autonomy, to the tech giant Hewlett-Packard.

Instead, it turned into a disaster after the yacht, a 180-foot boat called the Bayesian, sank off the coast of Sicily in a violent storm. Of the 22 people aboard, 15 were rescued and seven others died . Search operations ended on Friday after the final body was recovered from the site of the sunken yacht .

Here’s what we know about the passengers.

Mike Lynch and his family

Mr. Lynch, 59, is a British software entrepreneur who had once been described as his country’s Bill Gates. He founded the software firm Autonomy, which analyzed clients’ unorganized data, and turned it into one of the most prominent British technology companies of its time. He became a widely known corporate leader, who advised David Cameron, the British prime minister at the time, and joined the board of the BBC.

In 2011, Mr. Lynch sold Autonomy to Hewlett-Packard for $11 billion, which was far above its market value, earning him hundreds of millions. But HP investors almost immediately soured on the transaction, and the American tech giant quickly fired its chief executive — and then Mr. Lynch.

HP later accused Mr. Lynch of misleading it about the state of Autonomy’s business, setting off a decade-long legal ordeal for the British executive, who denied the accusations. U.S. prosecutors charged him and other executives with fraud, and Autonomy’s chief financial officer was convicted in 2018.

Despite appeals to the British government, Mr. Lynch was extradited to the United States last year and was confined to a townhouse in San Francisco ahead of his criminal trial, which began in March. Facing the possibility of decades in prison if convicted, Mr. Lynch and another colleague were instead acquitted of all charges.

An official in Palermo, Sicily’s capital, said on Thursday that Mr. Lynch’s body had been recovered. His wife, Angela Bacares, 57, accompanied him on the yacht, and she was rescued on Monday when it sank. She was a consistent presence at his trial in the United States. Records show that she controlled Revtom, the company listed as the owner of the Bayesian.

The body of Hannah Lynch , Mr. Lynch and Ms. Bacares’s 18-year-old daughter, was thought to be recovered on Friday.

The other guests

Jonathan Bloomer, 70, chair of Morgan Stanley’s international arm and the chairman of Hiscox, an insurance provider that trades on the London Stock Exchange, was on the yacht when it sank, along with his wife, Judy Bloomer, 71. Their bodies are thought to be among those recovered, but Italian authorities have not identified them.

Christopher J. Morvillo, 59, a New York-based partner at the international law firm Clifford Chance, was also on the yacht. A former federal prosecutor who comes from a family of prominent lawyers, Mr. Morvillo represented Mr. Lynch during his criminal trial in San Francisco. His wife, Neda, 57, was with him on the yacht. Their bodies are also assumed to be among those recovered.

“We are in shock and deeply saddened by this tragic incident,” a representative of Clifford Chance said in a statement.

Surviving passengers rescued from the yacht include Charlotte Golunski, a partner at Mr. Lynch’s venture firm, Invoke Capital; Ms. Golunski’s husband, James Emslie; and their one-year-old daughter Sophie. Also rescued were Ayla Ronald, a lawyer at Clifford Chance, and her partner, Matthew Fletcher.

The yacht had a crew of 10, and nine were rescued. The body of the chef, Recaldo Thomas, was recovered from the water, the Sicilian Civil Protection Department said.

Elisabetta Povoledo contributed reporting, and Kitty Bennett and Susan Campbell Beachy contributed research.

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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  8. SuperYacht Times

    SuperYacht Times. SuperYachtTimes.com is the leading superyacht website, updated daily with the most relevant and interesting superyacht news and information. In addition, SuperYacht Times also publishes the quarterly newspaper, The SuperYacht Times, in which readers around the world enjoy compelling superyacht stories and unique features from ...

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    The Superyacht Report is the definitive 'Report Worth Reading', a single flagship magazine that provides unrivalled market insight and intelligence to our industry's key stakeholders. The Superyacht Report is published 4 times a year, providing decision-makers and influencers with the most relevant, insightful and respected journalism and ...

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