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Megayacht Project Jupiter Sets Sail as Al Lusail

Megayacht Project Jupiter Sets Sail as Al Lusail: Following a recent christening ceremony, the Lürssen megayacht formerly known as Project Jupiter has embarked on her maiden voyage from the German builder’s shipyard in Bremen. Delivered to her owner in Norway, the 123-meter vessel, now known as Al Lusail, is moored in Kristiansand, a popular stop…

Seizure of Mega Yacht Natita Raises Questions About Using Yachts as Collateral

Seizure of Mega Yacht Natita Raises Questions About Using Yachts as Collateral: The recent seizure of the 66-meter megayacht Natita by the U.S. branch of Goldman Sachs raise the question of whether it is wise to use superyachts as collateral to finance business operations. Goldman Sachs seized the Oceanco-built megayacht from American oil mogul William…