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Benetti Superyacht Lalibela Damaged Extensively in Major Fire
17 October 2018

Benetti Superyacht Lalibela Damaged Extensively in Major Fire

Benetti Superyacht Lalibela Damaged Extensively in Major Fire: A major fire has severely damaged the 42-meter superyacht Lalibela as she was moored in Vallauris Harbor near Cannes, France. According to local reports, the vessel caught fire around 3 a.m. last Saturday and burned throughout the night. Two workers were on board when the fire started but reportedly were able to escape uninjured. Two firefighters, however, were injured while fighting the blaze and suffered ringing in the ears following an explosion. The top decks of the yacht sustained the heaviest damage. Lalibela remained berthed during the incident while neighboring yachts were...

Turmoil in Turkey Has Affected the Country’s Superyacht Market
15 October 2018

Turmoil in Turkey Has Affected the Country’s Superyacht Market

Turmoil in Turkey Has Affected the Country’s Superyacht Market: An attempted coup this summer in Turkey along with the arrest of an evangelical American pastor living in the country have resulted in a decrease in the value of the country’s currency. Although general news headlines have focused on possible sanctions that the United States government may impose on Turkey if American pastor is not released, the unrest in the country has lead to a significant decrease in the value of the Turkish lira against the Euro and the American dollar. While a weakened currency may seem like a bad situation...

91.5 Meter Superyacht Equanimity Forced Auction Sale to Have Strict Rules
12 October 2018

91.5 Meter Superyacht Equanimity Forced Auction Sale to Have Strict Rules

91.5 Meter Superyacht Equanimity Forced Auction Sale to Have Strict Rules: The impeding sale of the 91.5-meter superyacht Equanimity to solve an ongoing legal dispute between the owner and the high court in Malaysia, will be handled according to strict guidelines per the yacht management agency appointed to oversee the sale and will assist lawyers advising the plaintiff and the High Court of Malaysia in the advertising and sales process. Sealed bids by qualified potential buyers will be considered by the Sheriff of the High Court of Malaysia at the end of November. No exact date has yet been confirmed....

Lürssen Delivers 135m Superyacht Crescent
10 October 2018

Lürssen Delivers 135m Superyacht Crescent

Lürssen Delivers 135m Superyacht Crescent: The former Project Thunder has departed Lürssen’s shipyard in Rendsburg under the name Crescent and is now making her way to Kristiansand, Norway. Crescent is the German’s builder’s seventh largest superyacht ever constructed in terms of length and tonnage. Not much is known yet about superyacht Crescent. Espen Oeino is responsible for her exterior, while Zuretti Interior Design has crafted the design of the interior, which has a massive volume of 9,194 GT and a beam of 22 meters. Some of her notable features include a multi-level atrium with full-height windows and two helipads. The...

Monaco Marine Yard Expansion to Accommodate 130m Mega Yachts
02 October 2018

Monaco Marine Yard Expansion to Accommodate 130m Mega Yachts

Monaco Marine Yard Expansion to Accommodate 130m Mega Yachts: Yacht maintenance and repair company Monaco Marine will expand its Marseille-based shipyard via a $50 million investment. Set to open in 2022, the yard will be dedicated to servicing larger superyachts of up to 130 meters, allowing Monaco Marine to service the 80-130-meter market for the first time. Based in the hart of the Bassin Mirabeau, the yard will include a 50,000sqm platform with a two-story building to house workshops, offices and a dedicated crew area. The new eard will also include a 6,000-ton lift, which will enable it to work...

First Hydrogen-Powered Superyacht Embarks on Three-Year Expedition
01 October 2018

First Hydrogen-Powered Superyacht Embarks on Three-Year Expedition

First Hydrogen-Powered Superyacht Embarks on Three-Year Expedition: M/Y Energy Observer, the world’s first hydrogen-powered superyacht, has started a three-year global expedition to raise awareness of renewable energy resources in partnership with sponsor Toyota Motor Europe. Beginning life as a sailing catamaran in 1983, she was converted into a motor yacht and re-launched in 2017 in Saint-Malo, France, further demonstrating the potential of recycling. Energy Observer is more than just a boat as she showcases technologies that will support tomorrow’s energy networks to make them efficient and applicable on a large scale. The vessel’s team will promote this model on a...

The Largest Superyachts on Display at MYS 2018, Part One
20 September 2018

The Largest Superyachts on Display at MYS 2018, Part One

The Largest Superyachts on Display at MYS 2018, Part One: The Monaco Yacht Show has a reputation for attracting the biggest and most unique yachts in the world. Here are the largest ones on display. AirThe 81-meter Air, delivered in 2011 by Feadship, underwent a complete refit in 2011. She has an exceptionally sleep and elegant exterior with modern lines, while also incorporating the Feadship flared bow. She is the first vessel built under Annex 2 of Ly2 to have a fully certified commercial helicopter pad. Her exterior design and engineering are the work of De Voogt and features a...

Visit Superyachts at the Extraordinary World of Luxury at the 28th Monaco Yacht Show
19 September 2018

Visit Superyachts at the Extraordinary World of Luxury at the 28th Monaco Yacht Show

Visit Superyachts at the Extraordinary World of Luxury at the 28th Monaco Yacht Show: The world’s most impressive meeting of superyachts, their owners, builders and anyone associated with the industry is once again about to embark at the 2018 Monaco Yacht Show at the emblematic Port Hercules on the Mediterranean Sea, September 26-29. Just as it has for the past 28 years, the Principality of Monaco will welcome owners, future buyers and charter clients who will be able to experience 120 of the world’s most spectacular luxury superyachts. Among the vessels on display are 40 brand new superyachts that will...

Mega Yachts At Monaco! Could 2018 MYS Be Your Ticket to Owning a 60m-Plus Mega Yacht?
18 September 2018

Mega Yachts At Monaco! Could 2018 MYS Be Your Ticket to Owning a 60m-Plus Mega Yacht?

Mega Yachts At Monaco! Could 2018 MYS Be Your Ticket to Owning a 60m-Plus Mega Yacht?: Although the yachting world has seen a number of new boat shows in recent years, nothing matches the glitz and glamor of the luxury yachting industry like the Monaco Yacht Show (MYS). Some industry insiders have said that the brokerage element of MYS has left something to be desired in recent years, but it appears that is about to change in 2018. Yacht brokers have lamented that the touring brigades along with the business element of the show have made negative inroads on the...

Notable Yacht Debuts at Cannes Yachting Festival
17 September 2018

Notable Yacht Debuts at Cannes Yachting Festival

Notable Yacht Debuts at Cannes Yachting Festival: The Cannes Yachting Festival continues to attract large numbers of visitors to view offerings from notable yards such as Ferretti Group, Azimut/Benetti, Cantiere delle March and Sanlorenzo. The 2018 edition saw 638 boats ranging in size from 2.4 meters to 50 meters. Of those, 219 boats were new, including 122 world premiers. Here are some of the most interesting. Silent 55Developed by Silent Yachts, the silent 55 is the first transatlantic solar-electric production catamaran. It has minimal vibration and no noise or fumes. The Silent 55 can cruise efficiently for 100 miles per...

$145 Million Superyacht Illusion Plus Heading to Europe for MYS
13 September 2018

$145 Million Superyacht Illusion Plus Heading to Europe for MYS

$145 Million Superyacht Illusion Plus Heading to Europe for MYS: Following a lengthy construction saga that saw several starts and stops M/Y Illusion Plus is on her maiden voyage to Europe, arriving in time for the Monaco Yacht Show at the end of September. Almost eight years have passed since the keel for the 80-meter-plus superyacht was laid by CIMC Raffles Yacht Ltd. in China’s Yantai Peninsula. The project was reportedly being built for the company’s owner. The shipyard owner then sold the project, along with his shipyard, to a new owner, which decided that the superyacht didn’t fall into...

Superyacht Equanimity Holding Company Condemns Malaysian Government
12 September 2018

Superyacht Equanimity Holding Company Condemns Malaysian Government

Superyacht Equanimity Holding Company Condemns Malaysian Government: A statement from the holding company of the 91.5-meter superyacht Equanimity condemns the Malaysian government, claiming misuse of the vessel has lead up to a court-ordered sale. The holding company, Equanimity (Cayman) Ltd. Has stated that no legally valid notice on the sale of the vessel has ever been received and that such a notice such be required under the law. Citing ongoing proceedings in U.S. courts regarding the ownership and custody of the vessel, the holding company noted that requests continued to be filed before a U.S. judge as just hours before...

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