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Charter deposit insurance
Storms – full harbors – overcrowded bays. Damage to charter ships is becoming more and more frequent – the deposit is gone!
The solution: charter deposit insurance from YACHT-POOL!
Every experienced skipper knows how quickly the harmony of the crew is severely disrupted if damage is caused by him or a crew member and everyone is asked to pay. As united as the crew was before the start of the charter, they quickly disagree when everyone has to pay for the damage caused by just one person. This is usually the skipper himself – out of his responsibility as skipper.
As a responsible skipper, relieve your crew and yourself of these worries and enjoy a carefree cruise!
Naturally, this led to responsible skippers increasingly demanding insurance for this personal risk. YACHT-POOL’s security deposit insurance is not only valid for a specific charter week, but for a whole year without limitation – worldwide!
Because you can charter wherever you want, as often as you want, whichever ship you want and for as long as you want – worldwide!
In accordance with the YACHT-POOL conditions for deposit insurance, we will reimburse justified retentions of the deposit if they were caused by the skipper and/or the crew, up to the amount of the selected sum insured, which generally corresponds to the amount of the deductible of the hull insurance. If the amount of damage exceeds the excess, this must be paid by the owner’s comprehensive insurance. The retained deposit should therefore generally not exceed the excess of the comprehensive insurance. Please make sure that only justified retentions are deducted from your deposit!
Unjustified retentions apply to damage that was not caused by culpable action on the part of the skipper or his crew, but is due, for example, to defective construction or material fatigue, such as tearing of the forestay without external influence, tearing of shrouds or the anchor chain, etc. In such cases, please clarify with the charter company why you should be liable for damage for which you are not responsible and, if necessary, inform us of the reasons.
Act as if you were not insured and do not act recklessly. You are obliged to do so in accordance with the Insurance Contract Act. The insurance relationship is an internal legal relationship between you and the insurer. Do not argue this with the charter base, as it could be misunderstood and make your legitimate negotiating position more difficult “….because you are insured anyway”. In the event of lasting “misunderstandings”, this could lead to the exclusion of certain charter companies from insurance coverage in the long term. If damage claims that you cannot defend against are withheld from your deposit, obtain a receipt from the charter company and, if necessary, a corresponding repair invoice and send this receipt with a damage report signed by all crew members immediately after your arrival home. The policyholder named in the policy is entitled to receive the insurance benefit.
Make sure that your deposit only covers damage to the chartered yacht (this should be stated in the charter contract!) and not liability damage . The liability insurance of the chartered yacht is primarily liable for this and, if applicable, the skipper’s liability insurance is also liable. You should note this when concluding the contract and clarify it in writing if necessary:
- that the deposit paid will only be retained for material damage caused to the vessel by you or your crew and that any damage must be evidenced by repair receipts ,
- that there is usually no excess for liability claims and therefore the deposit is not available for liability claims either.
Check whether this is clearly stated in your charter contract. If there are any doubts, make a clarifying supplementary agreement on the above points. This will prevent any legal disputes at a later date. This is important for you. This is because it happens time and again that deposits are withheld at will. And that is then a purely contractual problem
Many charter companies offer their own “charter deposit insurance”. However, these are often not genuine insurance policies , but a self-calculation. There are no reliable conditions and the exclusions – e.g. grounding, damage to the rudder, the dinghy, scratching and scraping damage or the outboard motor – often contradict realistic insurance cover .
Difference between liability and fidelity insurance:
A charter deposit claim is usually damage to the chartered ship that was culpably caused by the skipper or crew and is usually less than the amount of the deductible of the hull insurance.
This damage is covered by the security deposit insurance! If the amount of damage exceeds the Deductible, paid by the owner’s comprehensive insurance.
The yacht owner’s liability insurance covers property damage and personal injury that you culpably cause to others. But what is actually covered and what is not is set out in the owner’s liability conditions, which you do not know. No liability insurance that we know of covers damage to the chartered ship. Hull insurers fall back on the skipper for grossly negligent damage to the ship.
The skipper’s liability insurance covers the (unknown) gaps that the liability insurance does not cover. of the charter yacht, e.g:
- Damage to the yacht due to gross negligence (protects you from liability towards the comprehensive insurer).
- Personal injury to crew members
- Damage to other vessels, insofar as this damage is not covered by the liability of the charter yacht, e.g. because the premium was not paid on time or other exclusions of the charter company’s liability insurance exclude benefits (which you are not aware of), such as personal injury to crew members or similar.
The advantages of YACHT-POOL charter deposit insurance at a glance
- YACHT-POOL's charter deposit insurance is not only valid for a specific charter but for a whole year without limitation!
- 12 months of deposit protection! - Pay for an insurance premium and be insured premium-free for 12 months!
- With YACHT-POOL charter deposit insurance, you can charter anywhere, as often as you like, and with any ship you like!
- Deductible only 5% of the deposit or the lower damage, at least €50
- Protection for skipper and crew
- Valid worldwide!
- Charter deposit insurance of up to 10,000 euros. (and more on request)
- The insurance policies can be customized!
Download PDF application (for printing) for charter insurance
Further insurances for charter skippers:.
Skipper liability
The skipper is liable for damages that he has culpably caused to others with his present and future assets – without limitation – this is your risk! YACHT-POOL includes gross negligence and defense against unjustified third-party claims
Skipper accident insurance
I have accident insurance” you might think. We have developed the special skipper accident insurance for the following reason: Various accident insurers exclude accidents from “risk-prone” sports (increasing trend)
Charter consequential loss insurance
There is a risk that you will cause damage to the charter vessel and therefore the vessel will no longer be operational in time for the subsequent charter and because you are legally or on the basis of the charter contract responsible for the damage.
Charter Cancellation Insurance
The yacht for your cruise is booked, the crew is complete and the anticipation is already high – nothing can go wrong now, can it? Unfortunately already! What happens if the skipper has an accident shortly before the cruise and is unable to make the trip? If a family member is seriously
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Mediterranean Yacht Charter
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Charterworld - the luxury yacht charter specialist, charterworld is a private yacht specialist with access the entire world's yacht fleet, at the best price, so get in touch..
Find out more about the CharterWorld company here or read recent client recommendations . We have every crewed luxury superyacht charter in the world, from large motor yachts to sailing yachts and crewed catamaran. For best value private yacht vacations start your holiday of a lifetime here with the company you can trust.
Summer Hot Spots 2024:
The mediterranean ... south of france | italy | sardinia | spain | croatia | greece, mykonos | greece, st tropez | france, amalfi coast | italy, dubrovnik | croatia, browse yachts by type, browse all charter yachts, motor yachts, sailing yachts, on sale: yacht specials, mediterranean specials, popular yachts, new latest yachts, feature yachts, mar | from eur€ 1,800,000/wk.
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Matching the right location for you is paramount. There are immensely interesting and diverse places all over the world to charter a crewed superyacht, but the most popular spots are:
A Mediterranean yacht charter which makes for the ultimate vacation with it’s fine culture, finer boats and beautiful azure waterways. The Med’ is an extremely varied location with many beautiful countries to visit, such as France, Italy, Sardinia, Monaco, Greece, Croatia and more.
Caribbean yacht charters are all about exotic natural islands, beautiful tropical beaches and of course luxury charter yachts. St Barts, St Martin, The Virgin Islands and Antigua draw some superb mega yachts to the Caribbean for your vacation. You can see the full list of destinations here .
We offer all the mega yachts and superyacht charters worldwide , as well as in the Mediterranean including Italy , France , Greece , Spain, Croatia , & Turkey. Additionally, we have great discounted luxury yachts , sailing and motor yachts in the Caribbean , including the Bahamas , British & US Virgin Islands, St Lucia, St Barts, Grenadines, Antigua, as well as the Pacific Northwest, the South Pacific , Asia and Australia & New Zealand and elsewhere.
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All the luxury sailing and motor yacht charter boats worldwide:.
Go here to discover all the worldwide charter locations... including the Mediterranean, Caribbean, Indian Ocean, North and South America, Pacific Northwest.
Apart from The Mediterranean & Caribbean their are many other hot spots - go here for the full list.
WHISPER | From EUR€ 1,200,000/wk
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Luxury Yacht Builders and Designers
The world has a fantastic array of very interesting luxury yacht builders and superyacht designers . At CharterWorld we have the definitive information on the ever evolving yacht builders and designers, as well as the latest superyacht news relating to the latest new yacht designs and new build yacht launches.
Luxury Yachts: Luxury crewed superyacht charters, both power motor and sailing boats, in all the areas of the world from the Mediterranean to the Caribbean, Asia to the South Pacific, Australia & New Zealand to the Indian Ocean.
Sailing charters & vacations: CharterWorld provides full charter yacht rental sailing vacations & holidays including flights, accommodation and sightseeing. Sailing charters and sail boats from luxury catamarans to crewed boats, classic yachts as well as new ones.
Power/Motor boats: Luxury power & motor boat charter yachts are available either as crewed yachts, classic or new. They include performance open style motor yachts, right through to expedition (explorer) yachts.
For your reference, CharterWorld provides a charter and superyacht news section as well as a superyacht directory for easy access to the complete world of interesting yachts , not just luxury charter yachts. This comprehensive list is organised by the yachts naval architect designer , by year and by the country the builder launched them in.
Why CharterWorld? - The complete list of charter boats worldwide, at the most competitive prices. - Free, independent and professional advice. - Access to the latest specials and discounts in the Caribbean and Mediterranean. - CharterWorld saves time and money on any luxury yacht vacation.
New to Yachting or Superyacht Charter Vacations? If you haven’t enjoyed the advantages of this type of luxury holiday, then this section has plenty of articles about how it all works and what to expect. Of course you can also just contact us and an experienced broker will personally guide you through and explain everything. Additionally, the yachting news section keeps you abreast of developments in the industry.
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Northrop & Johnson’s superyacht charter experts have in-depth knowledge of worldwide destinations and in-person relationships with the captains and crew of all yachts in our global fleet. Completely private, and with endless luxurious amenities, a yacht charter is the ultimate vacation. Check out our Luxury Yacht Charter Guide to get started.
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Embark on an adventure where we ensure every moment is a masterpiece., adventures where every moment is a masterpiece, featured yachts.
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What people are saying
“Canvas Yacht Charters and Doug are a pleasure to work with. Doug’s follow-up skills are remarkable and attention to detail are bar none. I very rarely leave reviews, but I can, without a doubt, recommend Canvas and Doug to everyone I know. Thanks again D!”
“We recently celebrated our 25th anniversary with three other couples, our dearest friends, on a week-long sailing charter. The trip was arranged by Doug Tibbs at Canvas Yacht Charters, and his assistance was invaluable every step of the way. He listened to our dreams for the trip, the things we were really hoping for and things we wanted to avoid, non-negotiates and crazy ideas, and he filtered them all to present us with several charter options, any one of which would have been wonderful, but we ended up on Ghost. Doug’s attention didn’t stop with the booking. He made sure we were kept aware of various important deadlines, including changes related to covid, connected us with the crew and conveyed to them all our preferences, and was available throughout to answer our big and small questions. This was truly the trip of a lifetime for every one of us onboard—the boat, the crew, the sailing, the food, the adventure. So many thanks to Doug for his care to make it everything we dreamed it could be—and we are already hoping to plan a repeat trip for next year!”
“It’s not often that I end up leaving a review for a service I didn’t end up booking, but the super customer service I received from Heather at Starrluxe definitely merits noting. From the first step in the process, she was helpful, professional, and extremely accommodating despite a difficult itinerary and an expedited time frame. She provided excellent options and went out of her way to address our every requirement. I deeply regret that our travel plans changed and we weren’t able to finalize our charter, but I greatly look forward to working with Starrluxe again in the future. Highly recommend!”
“Enjoyed working with Doug. He was attentive to our needs/desires. Got us a great boat with a great crew. He even got us a price reduction. I will look forward to working with him again.”
“Doug and his team helped us book a trip in two days for the following week. Great communications and expectation setting, which helped make the trip successful. We will recommend them to family and friends for their trips. -Cheers, John”
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YACHT CHARTER NORTH MALLORCA
Since 1993 cm charter offers the best sailing yachts for charter and fair prices in the bay of pollensa in north mallorca 365 days a year..
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As the only charter company in the exclusive northern part of the island, we have been offering for many years well-maintained and highly equipped sailing yachts..
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Top 4 Yacht Charter Insurances for Skippers
Protect yourself and your crew from financial and legal risks during boat rentals, what are the most crucial risks a charter skipper should insure against, which are the typical yacht charter insurance packages, which insurance companies offer what type of packages for bareboat yacht charter, here is a summary of the packages of yacht charter insurance providers:.
Insurance Package | EIS Insurance | Schomacker | Yacht-Pool | Pantaenius |
---|---|---|---|---|
Insures damages to the yacht not covered by the boats hull insurance and under gross negligence, claims among the crew, security deposit due to boat seizure of the yacht and charter loss claims. Premium starts from €65 up to €130 increasing with boat size, type and insured sum. Duration per trip. | Similar coverage like EIS with other limits. Restricted for EU residents + Norway (excl. Italians). Premium starts from €180 yearly. Also weekend rentals and 6 week durations available. | Insured liability risks similar as EIS and Schomaker. Regattas and comercial skippers/crew only on request. Yearly coverage of €5 Millions starts with premiums of €100 (sailboats) and €170 (motorboats). | Only for skippers which are residents in the EU or Switzerland. Starts with pure skippers liability from €21 per charter week for sailboats up to 15 meter length. Isured risks can be individually chosen on application form. Additional risks can be individually added on application form. Options for comercial skippers and regattas online available. | |
It covers situations where the charter deposit is partially or fully withheld by the owner. 7-8% of deposit amount for single trips and 13-15% for fullyear durations. Regatta risks + 15%. The deductible is 10% of the deposit, at least 100 EUR. | Premium between 15% and 8.6% decreasing with rising deposit amount. Duration: trip-specific. Excluding following citizens: US, CA, RU or UA. | Protection for skipper and crew. Premiums, which cover a whole year start with 15.5% and lower down to 10.8% with rising deposit amounts. Excess of 5%, at least €50 of the deposit or the lower damage. | Deposits up to €20,000 online contractable. Insurance period: trip-specific. Premiums start with 10% of deposit amount and go down to 5% with rising deposit amounts. | |
Covers up to 100% of travel costs, no deductible. Premium: 3-5% of booked travel costs. Duration: trip-specific or fullyear coverage selectable. | Deductible applicable. Premium: 5-8% of booked travel cost. Duration: trip-specific. For EU citizens except CY, SK and MT. | Deductible of 20% - also possible without deductible on request Premium: 4.7% of booked trip cost. Duration: trip-specific. Worldwide coverage. | Covers upt o 100% of charter, flight, transfer and hotel costs also pro-rata. Premium: 4-6% of booked trip cost when excluding deductible. Duration: trip-specific. | |
Covers loss of charter fee due to insolvency of charter company. Premium 2.1% of booked charter fee + €15 tax. Maximum insured charter fee is €5,000/week or €15,000 per trip. | Covers loss of charter fee due to insolvency of charter company. Premium 6-9% of booked charter fee. | Not offered. YachtPool offers a similar coverage through a so called "Sicherungschein" via acreditated charter companies. | Not offered. | |
Covers also comercial skippers and crew members! Insures damages to the yacht not covered by the boats hull insurance and under gross negligence, claims among the crew, security deposit due to boat seizure of the yacht and charter loss claims. Premium from €230 per year increasing with boat size. | On request. | On request. | The liability package for comercial skippers starts from €248 up to €1,240 for the whole year. The premium rises with boat size and insured sum (€3,000,000-10,000,000) |
Book your charter boat insurance online!
German speaking customers: | German speaking customers: |
FAQ: Frequently asked questions regarding watercraft rental insurances
What is the difference between deposit insurance and skipper liability insurance, what is the typical duration of these insurance policies, what is a secured payment certificate, what is skipper liability insurance, what does deposit insurance cover, how does travel cancellation insurance work, what is charter price contingency insurance, who needs professional skipper liability insurance, what is a third-party liability insurance, how much does skipper liability insurance cost, are there any deductibles for deposit insurance, what factors affect the cost of travel cancellation insurance, can i get coverage for regattas with skipper liability insurance, what happens if my yacht is damaged during the charter, can i get insurance for my crew members, are there any exclusions in these insurance packages, can i cancel my insurance policy if my trip gets canceled, do these insurances cover international charters, is there a difference between personal and professional skipper insurance, how do i file a claim if needed, are there any additional benefits with these insurance packages, how do i choose the right insurance package for my needs.
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How to charter a Below Deck superyacht
Want to know how much it would cost to charter one of the luxury superyachts featured on US hit TV series Below Deck ? We take a look inside Below Deck ’s famous superyachts that you can charter for yourself, and find out what they have to offer charter guests on board.
Northern Sun
The star yacht of Below Deck Down Under season two, the 50.8-metre Northern Sun (originally delivered as Hokko Maru ) has lived a full and fascinating life. She was the largest yacht built by Narasaki Shipbuilding at the time and worked as an ice-class research vessel, analysing marine life and ocean currents in the North Japan Sea. As a result, she has the hardy constitution of an explorer, transformed from ship to superyacht under the stewardship of her new owners.
Northern Sun’s main deck is now dedicated entirely to entertainment, from the al fresco dining area to the main saloon with its piano and games table. Other leisure highlights include gym equipment, a dedicated library on the lower deck and an outdoor Jacuzzi, surrounded by sun pads and lounge beds. The owners’ addition of a forward seating area during her refit allows for versatile recreation, whether the mood calls for cocktail parties or quiet, waterside contemplation.
Accommodation is for up to 12 guests across six cabins, with rich, warm interiors that feature natural materials such as narra and makore wood (commonly known as cherry mahogany). The ex-explorer also – naturally – has impressive stowing capacity. She's able to carry two Laser sailboats, scuba-diving equipment, a waterski and a two-deck-high inflatable water slide, with the broker describing her as a "family-orientated" vessel.
Charter cost: Northern Sun is managed for charter by Ocean Independence with a weekly charter rate starting from $161,700.
More about this yacht
Yachts for sale, yachts for charter.
60 metre Benetti motor yacht St David is the star of the tenth season of Below Deck, returning to the Caribbean with beloved Captain Lee. A finalist at the 2009 World Superyacht Awards , St David is a full-custom yacht with both interior and exterior design by British studio Winch Design .
She has made appearances at a number of high-profile events such as the Cannes Film Festival and has been spotted at various locations around the world including the Seychelles, Red Sea and Abu Dhabi. Accommodation is for 12 guests in six cabins, with a split-level master suite that lets in plenty of light.
A palatial theme characterises St David ’s social spaces, with features including a generous skylounge and a spiral staircase that leads through all three decks and is lit by a skylight in the spa pool of the sun deck. Elsewhere, St David has expansive water toy facilities and storage, including scuba dive gear, a new 7.2m tender, new Waverunners, and an electric foiling surfboard.
Charter cost: St David is managed by Morley Yachts with a weekly charter rate starting from €325,000.
The star of Below Deck Mediterranean season seven, 49.8 metre Home is the first “green” superyacht to appear on the show. Featuring a ground-breaking combination of a super-efficient Fast Displacement Hull Form by Van Oossanen Naval Architects with power provided by a hybrid propulsion system, Home boasts reduced emissions and fuel costs for the eco-conscious charter guest.
Defined by a distinctive vertical bow and large expanses of glass, Home was penned by Omega Architects and launched by Heesen in 2017. Her interiors, designed by Cristiano Gatto in a modern “Ibiza style”, can accommodate up to 12 guests in six cabins including a full-beam master cabin with a dedicated dressing room and a private office. There is also room for nine members of Below Deck crew on board, including Captain Sandy who has returned to the helm for the seventh season while Home is cruising the coasts of Malta .
The main socialising spot is up on the sundeck, complete with a Jacuzzi and sit-up bar, a shaded lounge and protection from the elements provided by glass screens. Closer to the water, a beach club with an air-conditioned gym is situated next to the swimming platform from which guests can launch the water toys including SeaBobs, Hoverboards, E-foils, Jet Skis and a Flyboard. Home also carries gear for scuba diving, waterskiing and wakesurfing for guests to make the most of their time on board.
Charter cost: Home is managed for charter by Burgess with a weekly charter rate starting from $245,000.
Sailing under her own name around the South Pacific islands of French Polynesia on Below Deck’s sixth series, the 56.4 metre My Seanna (now Starship ) was built by Delta Marine in 2000 and refitted in 2014. The Glade-Johnson designed superyacht reappeared again for season eight, where she was filmed cruising in Antigua. She is now starring in the latest season of the show, season nine, following her recent sale .
Key features include an open air Jacuzzi surrounded by an al fresco drinks bar, a gym, a sauna room, a helipad and a spacious beach club complete with a lounge, flatscreen TV and a small galley for preparing snacks or drinks. Her opulent interiors can accommodate up to 12 guests and 11 crew and even offer a home cinema and piano for entertaining in the main saloon. There are multiple toys carried on board as well, including gear for diving and spearfishing, Seabobs and equipment for underwater filming.
“The thing that I really love about My Seanna is the spacious cabins” says Worth Avenue retail charter broker, Shannon McCoy, who has appeared on episodes of Below Deck . She describes My Seanna as a “well-appointed yacht with a good collection of toys for the guests to enjoy,” offering an excellent layout with a variety of spaces that allows charterers “to have breakfast in a different place every morning or enjoy dinner whether it's outside under the sun or in the formal dining area.”
Charter cost: Starship is managed for charter by Worldwide Boat with a weekly charter rate starting from $275,000.
Lady Michelle
Sailing under her real name, Lady Michelle was the star of the sixth series of Below Deck Mediterranean , which was the latest series from the Med spin off. The 54.8 metre Benetti superyacht is the second biggest yacht ever to feature on the show, following just behind the 56.2 metre motor yacht The Wellington from season five. During season six Lady Michelle hosted charter guests in Ibenik, Croatia with Captain Sandy behind the helm.
First delivered in 2003, Lady Michelle features accommodation for up to 14 guests including a split-level master suite with its own panoramic observation lounge. Her Stefano Natucci interiors offer indoor and al fresco dining spaces, an expansive sundeck with a hot tub and dedicated gym. There’s also a range of toys at the guests’ disposal, from Jet Skis and Seabobs to fishing gear and a waterslide.
Charter cost: Lady Michelle is managed by Burgess with a weekly charter rate starting from $325,000.
The Wellington
Actually named The Wellesley , this 56.2 metre Oceanco superyacht is owned by property magnate and hotelier Khalid Affara and named after his luxury art deco hotel in London. Delivered in 1993, The Wellesley features extended deck spaces and Donald Starkey -penned interiors that replicate the grandeur of the eponymous Knightsbridge hotel. Highlights on board include a waterfall jacuzzi, an outdoor cinema for movies under the stars and a unique private club-style lounge complete with a Winston Churchill inspired cigar room.
Describing why she makes an excellent charter yacht, James Graham-Cloete, director of charter management from TWW Yachts , says that The Wellesley is “ideal for entertaining family and friends, or hosting corporate events in utter privacy,” thanks to the fact that she “boasts some of the largest open deck spaces of any 56 metre on the water.” Graham-Cloete also adds that, on The Wellesley , “guests are invited to experience the same exceptional personal service, fine dining and attention to detail that has become synonymous with the hotel, on board a private superyacht,” while being looking after by her 14 crew members. “The crew have one of the lowest turnover rates in the industry and one of the best charter records, along with a full-time masseuse on board- making her the ultimate charter yacht!” says Graham-Cloete.
Charter cost: The Wellesley is managed by TWW Yachts with a weekly charter rate starting from €230,000.
Talisman Maiton
Built in 2006 by Turquoise Yachts , with a refit in 2012, the 54.2 metre Talisman Maiton sailed the coasts of Italy in the third series of Below Deck Mediterranean and was also captained by Sandy Yawn. Key features include a generous open plan sun deck with a forward-facing Jacuzzi and bar, al fresco dining spaces and a gym. Inside, she features six individually styled cabins for her 12 guests – including a master suite with its own private office – complemented by a sumptuous interior inspired by a combination of Asian and Art Deco influences. Her toy box is filled with snorkelling and fishing gear, Jet Skis and more for guests to enjoy while on board.
Charter cost: Talisman Maiton is managed by Burgess with a weekly charter rate starting from €273,000.
The 47 metre Heesen -built superyacht Sirocco took centre stage in both the second and fourth series of Below Deck Mediterranean and introduced captain Sandy Yawn, who has become a returning cast member on the show. Launched in 2006 with a refit in 2013, Sirocco features a dark blue hull and was designed inside and out by Omega Architects . She accommodates up to 12 guests and nine crew and offers charterers an eight person Jacuzzi, a gym, plenty of al fresco entertainment areas and a well-stocked toy box comprising Jet Skis, a waterslide and gear for wakeboarding or waterskiing. Worth Avenue retail charter broker Shannon McCoy describes Sirocco as a “very, very popular charter yacht” and with her fleet of water toys and pedigree Heesen design, provides “an excellent platform for a great time at sea.”
Charter cost: Sirocco is managed for charter by Worth Avenue with a weekly charter rate starting from €195,000.
Ionian Princess
Appropriately named for the first season of Below Deck Mediterranean , which was set in Greece, the 45.7 metre Christensen -built yacht was captained by Mark Howard during filming. Launched in 2005 and last refitted in 2016, Ionian Princess features a luxurious Greek-style inspired interior finished with high-gloss sapelle mahogany joinery and custom in-laid stonework throughout. Ionian Princess can host up to 12 guests in six cabins, including two master cabins, and also boasts plentiful dining options and a sundeck equipped with a hot tub and sunpads. She also comes with a fleet of water toys from waterskiing and wakeboarding kit to Jet Skis and kayaks. Thanks to her shallow draft, she can also access hard-to-reach hidden gems in the Mediterranean Sea that other larger yachts aren’t able to. “ Ionian Princess is ideally suited for cruising the Mediterranean, which is the most sought-after region for summer yacht charters,” says her management team at charter brokers Northrop & Johnson.
Charter cost: Ionian Princess is managed by Northrop & Johnson with a weekly charter rate starting from $175,000.
Parsifal III
Parsifal III has been the star of the sailing yacht spin off of Below Deck , captained by Glenn Shephard during filming. The 54 metre Perini Navi was launched in 2005 and was designed by Rémi Tessier . She was most recently refitted in 2020, and offers accommodation for a total of 12 guests and nine crew. Her design has seen her scoop a number of World Superyacht Awards and provides her with excellent performance capabilities at sea; when the weather is on your side, Parsifal III can hit speeds of up to 18 knots under sail. While at anchor, there is still plenty to keep guests entertained with a variety of al fresco and indoor dining spaces, a flybridge hot tub, gym equipment, a swimming platform and a fully-stocked toybox.
Charter cost: Parsifal III is managed for charter by Camper & Nicholsons with a weekly charter rate starting from €195,000.
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Who was onboard tech mogul Mike Lynch's Bayesian yacht?
Topic: Disasters, Accidents and Emergency Incidents
Six people are missing, including a man dubbed the British Bill Gates, after a luxury yacht sank off the Sicilian coast.
British tech entrepreneur Mike Lynch — freshly acquitted from a decade-long trial — had invited his work colleagues aboard a trip through the Mediterranean coast when a freak storm saw the yacht sink within moments.
Fifteen people escaped from the sinking vessel. The search for the missing continues.
Here's what we know so far:
What happened?
The Italian coastguard said the yacht — the Bayesian — was anchored off the shore of port city Porticello, near the Sicilian capital Palermo, when it was hit by bad weather sometime after 4am on Monday, local time.
Eyewitnesses said it vanished quickly beneath the waves shortly before dawn.
Managers of the sailing vessel Bayesian, Camper & Nicholsons, confirmed to the ABC that the Bayesian encountered severe weather and subsequently sank.
"Our priority is assisting with the ongoing search and providing all necessary support to the rescued passengers and crew," they said.
"The wind was very strong. Bad weather was expected, but not of this magnitude," a coastguard official told Reuters.
Sicily's civil protection agency head, Salvo Cocina, said a waterspout — a tornado over the water — could have struck the yacht.
"They were in the wrong place at the wrong time," Mr Cocina added.
Storms and heavy rainfall had swept down Italy in recent days after weeks of scorching heat, lifting the temperature of the Mediterranean Sea to record levels and raising the risk of extreme weather conditions, experts told Reuters.
"The sea surface temperature around Sicily was around 30 degrees Celsius, which is almost 3 degrees more than normal. This creates an enormous source of energy that contributes to these storms," meteorologist Luca Mercalli said.
Rescuers recover the body of one of the people aboard the Bayesian. ( AP: Lucio Ganci )
Captain Karsten Borner of the Sir Robert Baden Powell vessel told journalists he noticed the Bayesian nearby during the storm, but after it calmed he saw a red flare and realised the ship had simply disappeared.
Mr Borner said he and a crew member boarded their tender and found a lifeboat with 15 people, some of them injured, who they then took aboard and alerted the coast guard.
Search crews, including helicopters and divers, are continuing to search the wreckage, lying at a depth of 49 metres.
Specialist divers reached the ship on Monday but access was limited due to objects in the way, the fire brigade said.
The UK Marine Accident Investigation Branch is deploying a team of four inspectors to Italy to conduct a preliminary assessment.
The Foreign Commonwealth and Development office said it was "providing consular support to a number of British nationals and their families".
Sicilian prosecutors have also opened an investigation into the event.
Who is missing?
Lawyer Chris Morvillo (left), entrepreneur Mike Lynch, and Morgan Stanley chairman Jonathan Bloomer are among the missing.
There were 12 passengers and 10 crew members aboard the yacht.
Mr Cocina said the crew and passengers hailed from a variety of countries, including Britain, the United States, Antigua, France, Germany, Ireland, Myanmar, the Netherlands, New Zealand and Spain.
Of the 22, one man is confirmed dead and another six people are still missing.
They are believed to be inside the hull, fire rescue spokesperson Luca Cari said.
Fabio Cefalù, a fisherman who said he responded to a flare from the vessel but found it sunk, said he stayed at the site for three hours without finding anyone.
"I think they are inside, all the missing people," he said.
Rescue teams recovered the body of the yacht's onboard chef on Monday, identified as Antiguan citizen Ricardo Thomas.
The still missing people include:
- Mr Lynch's 18-year-old daughter, Hannah
- Jonathan Bloomer, chairman of global financial services company Morgan Stanley International
- Chris Morvillo , a lawyer at the British multinational law firm Clifford Chance. He worked on Mr Lynch's lawsuit against Hewlett-Packard
- The identities of the remaining two missing are still unconfirmed
Who was rescued?
Fifteen people escaped from the sinking ship.
Eight have been hospitalised and others were taken to a nearby hotel.
Charlotte Golunski was among those rescued, recalling the harrowing moments she held her child Sofia above the waves. ( Supplied: Facebook )
Among those rescued were:
- Mr Lynch's wife, Angela Bacares, who was the owner of the yacht
- Charlotte Golunski and her one-year-old daughter, Sofia. Ms Golunski is a partner at Mr Lynch's firm, Invoke Capital. She says she momentarily lost hold of Sofia in the water but managed to hold her up above the waves until the lifeboat was inflated
- Ms Golunski's husband James Emslie
- New Zealand captain of the yacht James Catfield. He told Italian newspaper La Repubblica the crew didn't see the storm coming
- A lone Dutch citizen was identified by the Dutch foreign ministry as being rescued, but was not identified
Who is Mike Lynch?
Mr Lynch, once hailed as Britain’s king of technology, was recently freed from a Silicon Valley lawsuit that tarnished his legacy.
The 59-year-old Cambridge-educated mathematician created Autonomy , a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly.
He received the OBE for his innovation in 2006.
He then sold the software to Hewlett-Packard (HP) for $US11 billion ($16 billion) in 2011, with Mr Lynch personally netting $US800 million.
HP valued Autonomy at $US46 billion ($68 billion) in the months leading up to the deal.
Mike Lynch in 2019 leaving the High Court in London. ( Reuters: Henry Nicholls/File Photo )
But the deal quickly turned sour after he was accused of forging the software's financial records to make the sale.
As part of a decades-long legal battle against HP, Mr Lynch was extradited to the UK on criminal fraud charges.
He steadfastly denied any wrongdoing, asserting that he was being made a scapegoat for HP's own bungling.
He was eventually cleared of all charges in June this year.
Although he avoided a possible prison sentence, Lynch still faced a bill from a civil case in London that HP mostly won during 2022. Damages haven't been determined in that case, but HP is seeking $US4 billion.
Following the San Francisco trial, Mr Lynch said he would return to the UK and do what he loved most: "[being with] my family and innovating in my field."
The holiday appeared to be something of a celebration after Mr Lynch's acquittal, with guests including some of the people who had stood by Lynch throughout the ordeal.
This picture shows the rescue operations off the Sicilian coast. ( AP: Italian Coast Guard )
In a separate act of tragedy, Mr Lynch's co-defendant in the trial, Stephen Chamberlain, died on Monday, after a road accident left him critically injured.
Mr Chamberlain — Autonomy's former vice-president of finance alongside Mr Lynch — was hit by a car in Cambridgeshire on Saturday morning and had been placed on life support.
What is the Bayesian?
The luxury yacht is 56m long sailboat, with a 75m mast labelled as the tallest aluminium mast in the world.
It was previously named Salute when it flew under a Dutch flag.
The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate up to 12 guests in six suites and a crew of 10, according to online specialist yacht sites. It was last refitted in 2020.
Online charter sites listed it for rent for up to 195,000 euros (about $AU 321,000) a week.
This picture taken on Sunday shows the Bayesian (left) and the Duch sailboat Sir Robert Baden Powell anchored off the coast line. ( AP: Fabio La Bianca/Baia Santa Nicolicchia )
The ship also won a string of awards for its design.
Ms Golunski said the yacht had travelled through the Aeolian Islands, Milazzo and Cefalù before sinking.
It is likely the yacht's name would resonate with Mr Lynch because his PhD thesis and the software that made his fortune was based on Bayesian theory.
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A Waterspout Was Seen When a Luxury Yacht Sank. What Is It?
Witnesses reported seeing the tornado-like phenomenon hit the Bayesian, a sailing yacht that sank off the coast of Sicily on Monday.
- Share full article
By Eve Sampson
What caused the sinking on Monday of a sailing yacht carrying the British billionaire Mike Lynch and 21 other people off the coast of Sicily is still unknown. But some attention has focused on observations by witnesses, who described seeing a small tornado-like column known as a waterspout forming over the water during an abrupt and violent storm as the vessel sank.
Fifteen passengers on the 180-foot yacht, the Bayesian, escaped on a raft before being rescued by a neighboring cruise ship. The body of the ship’s cook was recovered on Monday and six people remain unaccounted for , including Mr. Lynch and his daughter Hannah, according to officials with Sicily’s civil protection agency.
Prosecutors in the nearby city of Termini Imerese have opened an inquiry into the cause of the sinking.
Here is what to know about waterspouts, a surprisingly common weather phenomenon that may have helped sink the luxury yacht.
What are waterspouts?
Waterspouts are columns of spinning air and moisture — similar to tornadoes over water, according to the National Weather Service .
While some form in fair weather, and are aptly called fair weather waterspouts, another more dangerous variety called tornadic waterspouts develops downward from a thunderstorm. These tornadic waterspouts can either form as regular tornadoes over land and move out to sea, or form in a storm already over a large body of water, according to the National Oceanic and Atmospheric Association .
Fair weather waterspouts are weak, often dissipate quickly and do not cause major damage, according to the agencies, but tornadic waterspouts are more often associated with high winds, dangerous and frequent lightning, and hail. The Italian authorities recorded strong winds and intense lightning activity at the time the yacht went down.
How common are waterspouts?
Experts say waterspouts may be more common than tornadoes, but because oceans are so vast, they are more difficult to track — and as difficult to predict.
“The Mediterranean is possibly one of the places where waterspouts are most likely around the world due to the warm ocean surface and a climate that is very susceptible to thunderstorms throughout the summer and autumn,” according to a statement by Peter Inness, a meteorologist at the University of Reading in the United Kingdom.
Mr. Inness pointed to a 2022 study by scientists from University of Barcelona , which found that waterspouts occurred more frequently over warmer sea surfaces. The North Atlantic ocean has been unusually hot for over a year, repeatedly reaching record highs for the time of year , according to data from the oceanic association.
The International Centre for Waterspout Research on Monday said on X , the platform formerly known as Twitter, that it had confirmed 18 waterspouts near Italy in recent days, and several fishermen in the area of the accident told Italian media that they had witnessed a waterspout near the yacht.
What may have happened?
Karsten Börner, the captain of the nearby boat that rescued the 15 passengers, said in an interview that he saw the Bayesian about 490 feet away before the wind and lightning picked up.
While it was difficult to see what happened amid the storm, “my theory was that she was capsized first and then went down over the stern,” he said.
Towering over 237 feet tall, the Bayesian mast was one of the tallest aluminum masts in the world and it also had a special keel that could be raised or lowered, according to its manufacturer, Perini Navi. A keel is the downward-extending centerline underneath a boat that can help stabilize the vessel.
“In this case, having a tall aluminum mast would not make it the safest port to be in case of a storm,” said Andrea Ratti, associate professor of nautical design and architecture technology the Politecnico di Milano.
He added that “a lot of questions will remain until we have other elements at our disposal.”
Elisabetta Povoledo contributed reporting.
Eve Sampson is a reporter covering international news and a member of the 2024-25 Times Fellowship class, a program for journalists early in their careers. More about Eve Sampson
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Breaking news, i lived ‘below deck’ on a luxury yacht — here’s what you need to know.
Tahiti, St. Thomas and the French Riviera — I’ve yachted in all of these exotic locales, albeit from the comfort of my couch. And, millions of Americans are in the same boat.
In 2013, “Below Deck,” introduced the masses to the most glamorous mode of traveling: yachting. Since then, it’s become a Bravo mainstay with Season 9 of “Below Deck Mediterranean’’ premiering in June.
But how real is the reality show? I spent five nights on a yacht in Croatia to find out.
A tip on tipping
My suitcase wasn’t bursting with Benjamins. An agency at your final destination provides cash for the crew’s tip money. While you’re expected to tip $30,000 for a two-night cruise on “Below Deck,” in real life you only have to tip 10% to 15% of your charter fee. That’s about $10,000 for a two-night cruise on a 180-foot charter yacht like Mustique (from $250,000 a week), which stars in the new season.
According to Zvonimir Androić, president of the yacht charter company Via Croatia, more often than not, the tip comes from what’s left over after provisioning.
So, shun the Dom Pérignon and skip the beluga caviar, and you’ll have money to spare.
What’s up, dock?
In real life, “Below Deck’s” favorite commercial-break cliff-hanger isn’t nearly as dramatic. Docking in our yacht, Via Croatia’s five-cabin, 100-foot Adriatic Escape (from $52,800 a week), was breezy.
I asked the crew if they hated setting up the slide — a tortuous, Herculean task if you believe what you see on TV.
“It’s not that bad,” a twentysomething Croatian deckhand, as cute as his on-screen counterparts, told me. “That said, we’re definitely not sad if you don’t ask for it.”
Play it cool
Despite being served meat on more than one occasion, my vegetarian co-guests on board weren’t divas when it came to cuisine — a major source of chef-related stress on the show.
Tantrums aren’t the norm Barbie Pascual, the “Below Deck” stewardess famous for putting up with former “RHONY” star Jill Zarin’s demands for the perfect Diet Coke in the “Real Housewives of Grenada” episode, tells me. “Guests know they are being filmed so their reactions are more extreme than they’d be if the cameras weren’t around,” she says.
Pascual’s biggest tip for first-time yachters? Don’t go skinny dipping, like they do on the show, after dark.
“People forget about currents, sharks, etc.,” she says. “Jumping in the water should always be with the captain’s consent!”
Our humorless Croatian yacht captain was a far cry from “Below Deck Mediterranean’s” affable Captain Sandy Yawn. I think we only saw him twice over the course of four days, and he definitely didn’t join us for dinner.
That was fine by us because the stews and deckhands were always handy with anything we needed — including at chat.
Asking for it
“No” is a word you’ll never hear on a yacht, unless there is a safety issue, Pascual says.
While we didn’t ask our crew to do a striptease or decorate for ‘70s night (two recurring requests on the show), out-there demands aren’t out of the question, as long as you’re willing to pay for it.
For example, Via Croatia is currently retrofitting one of its multimillion-dollar superyachts for an upcoming charter booked by a multigenerational Jewish family from Florida.
“In addition to paying the charter fee, the client is literally buying everything new: pots, pans, silverware, et cetera,” said Androić. “They’re even spending $30,000 on a new tender for the elderly mother-in-law.”
Now, I’m no reality show producer, but a picky primary trying to keep his wife, her elderly mom and their kosher kids happy at sea has the makings of an Emmy Award-winning episode.
Yachting on a budget
Charters are cheapest at the beginning and end of a destination’s season. Via Croatia’s yuppiest yacht, the 160-foot, 12-cabin Agape Rose , fetches $200,000 a week in July and August. But it’s just $164,000 a week in April and October. Divide that by 24 of your closest friends and family and it’s just $6,800 a person.
If that’s still too much, consider booking a yacht club suite on one of MSC Cruises ’ Mediterranean voyages.
Sure, you’ll be on a cruise liner, but for $1,659 a person you’ll be treated to seven nights of private butler service with a private pool and restaurant that the pleb passengers don’t even know exists.
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Mike Lynch and daughter among missing after yacht sinks: What we know about disaster - and 'alarming' potential cause
The British-flagged luxury vessel named Bayesian was carrying 22 people when it got into difficulty off the coast of Sicily. Seven bodies have now been recovered from the wreckage.
News reporter @samuelosborne93
Friday 23 August 2024 12:24, UK
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Seven bodies have been found after a superyacht sank off the coast of Sicily.
Twenty-two people were on board the vessel named Bayesian when it got into difficulty in the early hours of Monday, with 15 people rescued.
Here's what we know about the sinking of the luxury vessel so far.
Follow latest updates on the superyacht sinking
What might have caused the sinking?
The British-flagged luxury vessel, named Bayesian, capsized at around 4.30am local time on Monday morning off Palermo, according to ship-tracking site Marine Traffic.
It sank in as little as 60 seconds with 22 people on board, 12 passengers and a crew of 10, according to the Italian coastguard.
Waterspouts, essentially tornados that form over water, were seen as powerful winds battered the area overnight, local media said.
The yacht may have sunk faster with all the doors open due to the hot weather, Sailing Today magazine editor Sam Jefferson has said.
"I imagine all the doors were open because it was hot, so there were enough hatches and doors open that it filled with water very quickly and sank like that," he said.
Official pictures show air conditioning units in several of the rooms, however, which could counter the suggestion open windows caused the vessel to sink faster.
The huge mast is also likely to have played a role, he added.
What are waterspouts?
Waterspouts typically occur during thunderstorms and can develop very rapidly, within minutes.
Their spin generally reaches wind speeds between 75-200mph, but can reach as high as 300mph.
They can travel at about 10-20mph typically but can reach greater speeds, making them difficult to avoid - especially in something as slow-moving as a yacht.
Matthew Schanck, chair of the Maritime Search and Rescue Council, called the reports of a tornado or waterspout "rare" and "quite alarming".
"The vessel was at anchor in a recognised anchorage," Mr Schanck said.
"Depending on wind direction and the state of the sea, this informs the captain whether it is a safe area to anchor or not. There was nothing that was too concerning, for my eye. All in all, the captain used the information they had to make a safe call."
Who owns the yacht?
The yacht belonged to the family of British tech tycoon Mike Lynch. He was confirmed to have died after rescuers found his body on Thursday. Mr Lynch was on holiday with his 18-year-old daughter Hannah, who is still missing, and his wife Angela Bacares, who was rescued.
Mr Lynch, 59, was known as the " British Bill Gates " and has been in the headlines in recent months over a high-profile fraud case.
In June, a US jury cleared him of all charges, which were related to the 2011 sale of his software company Autonomy to Hewlett-Packard (HP). The yacht trip is believed to have been a celebration of the end of Mr Lynch's legal troubles.
HP accused him of deliberately overstating the value of the company before it was acquired by the American tech giant.
Mr Lynch was extradited to the US to face trial in May last year and spent 13 months under house arrest in San Francisco as he awaited trial on 17 charges of conspiracy and wire fraud brought by the US Department of Justice - which were later reduced to 15 charges. He always denied any wrongdoing and was acquitted.
Read more: Lynch's co-defendant dies days before yacht sinking
Who was on board when the boat sank?
The passengers were largely British and American, with crew members were from New Zealand, South Africa, and Canada.
Charlotte Golunski was among the Britons rescued. Her LinkedIn profile says she is a partner at Mr Lynch's firm Invoke Capital and has worked there since 2012.
Speaking after the ordeal, Ms Golunski told Italian media that she lost her daughter Sofia for "two seconds" amid the "fury" of the sea but was able to retrieve her. She said she held the infant above the waves until the lifeboat was ready.
"Many people screamed. Luckily the lifeboat inflated and 11 of us were able to get on board," she told ANSA.
The girl's father James Emsley also survived, according to Sicily's civil protection agency.
Also on board were Jonathan Bloomer, chairman of investment bank Morgan Stanley, his wife Judy Bloomer, a top US lawyer Chris Morvillo, who worked on Mr Lynch's criminal case, and his wife Neda Morvillo. Divers confirmed on Thursday that their bodies had been recovered.
The yacht's captain James Cutfield survived, along with South African crew members Leah Randall and Katja Chicken.
Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat, was the first to be found dead, the Italian Coastguard confirmed to Sky News.
During rescue efforts, divers saw "corpses through the portholes" of the wreck as they recovered the body of a man at a depth of 50m (164ft), according to Salvo Cocina, the head of the Civil Protection of Sicily.
What do we know about the vessel?
The Bayesian is owned by a company controlled by Mr Lynch's wife.
It was known for its unusual 72.3m (246ft) single mast - one of the world's tallest made of aluminium - and shared its name with the statistical method Mr Lynch's Autonomy software was based on.
It was built by Italian company Perini Navi in 2008 and last refitted in 2020.
It was listed for rent for up to €195,000 (£166,000) a week, according to online charter sites.
The luxury vessel , which was managed by yachting company Camper & Nicholsons, could accommodate up to 12 guests in six suites.
It won a string of awards for its design, according to online specialist yacht sites.
Mr Schanck, of the Maritime Search and Rescue Council, said the vessel would have been equipped with "high standard" life-saving appliances and radio communications.
He added the yacht would have met all international standards and UK Maritime Coastguard Agency regulations before its voyage.
It was previously named Salute, or "health" in Italian, when it flew under a Dutch flag. Its minimalist interior featured light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions on charter sites.
Keep up with all the latest news from the UK and around the world by following Sky News
What were its last movements?
The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking site VesselFinder.
The Bayesian previously travelled to other parts of Sicily before its last sighting off the coast of the port of Porticello.
On Sunday, the boat was seen off the coast of Cefalu before it travelled towards Porticello, MarineTraffic data shows.
In the days before, the yacht travelled around four of the Aeolian islands, just north of Sicily.
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Prosecutors in the nearby town of Termini Imerese have opened an investigation into the sinking.
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One man has died and six people are missing after a luxury yacht sank in freak weather conditions off the coast of Sicily. The 56m British-flagged Bayesian was carrying 22 people - 12 passengers ...
Lawyer Chris Morvillo (left), entrepreneur Mike Lynch, and Morgan Stanley chairman Jonathan Bloomer are among the missing. There were 12 passengers and 10 crew members aboard the yacht.
Witnesses reported seeing the tornado-like phenomenon hit the Bayesian, a sailing yacht that sank off the coast of Sicily on Monday. By Eve Sampson What caused the sinking on Monday of a sailing ...
According to the Associated Press, the boat has been available for charter for $215,000 (€195,000) per week. Lynch's wife is linked to the yacht. The Bayesian is held by the company Revtom ...
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The body of a man recovered near the Bayesian yacht is believed to be that of Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat Six people are still missing after British luxury ...
Rescuers were on Monday searching for six people missing after a luxury yacht was hit by a tornado and sank off the coast of Sicily, killing one of the 22 people on board.