EU commission targets superyacht tax breaks in Italy

EU commission targets superyacht tax breaks in Italy

The European Commission took aim at the superyacht industry in Italy on Thursday, bolstering the EU’s efforts to combat tax avoidance in the wake of the ‘Paradise Papers’. The Commission sent a letter of formal notice to Italy for not levying the

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Sharia Court supports Russian oligarch in a divorce settlement dispute with ex-wife over superyacht

Sharia Court supports Russian oligarch in a divorce settlement dispute with ex-wife over superyacht

On Wednesday Dubai’s Sharia Court ruled in favour of Russian billionaire, Farkhad Akhmedov against his ex-wife Tatiana Akhmedov regarding ownership of superyacht Luna. In 2016 an England’s High Court of Justice ruled that Mr Akhmedov pay Ms Akhmedov £453 million as

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Tankoa S502 Eletta – 50-metre

Tankoa S502 Eletta – 50-metre

TANKOA S502 ELETTRA – 50-metre / 165’ HYBRID WORKS IN PROGRESS Tankoa 50-metre Elettra’s construction is progressing on schedule for delivery to her European owner in May 2019. Based on a similar design to Vertige, the first in 50-metre series,

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Sebastiano Fanizza new CCO at Benetti

Sebastiano Fanizza new CCO at Benetti

Italian shipyard Benetti has appointed Sebastiano Fanizza as chief commercial officer. Fanizza moves from Finish yard Nautor’s Swan. Franco Fusignani took up the position of chief executive officer in September having previously managed the business line operation. Fanizza who began

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Hiscox puts $13 million aside for Lurssen fire

Hiscox puts $13 million aside for Lurssen fire

Insurer Hiscox released its quarterly figures on November 5 highlighting a “Large marine loss for $13 million.” Hiscox have confirmed that the loss refers to the fire at Lurssen superyacht shipyard in Germany. The fire broke out on September 17

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After the storm in Rapallo, Italy

After the storm in Rapallo, Italy

On 30th October powerful storms hit Italy and tragically 11 people died. In the popular yachting town of Rapallo hundreds of yachts were damaged or destroyed. The harbour was home to several superyachts including the Berlusconi family’s superyacht Suegno. Footage

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Neighbouring French Riviera shipyards compete for surging refit market

Neighbouring French Riviera shipyards compete for surging refit market

A storm has been brewing on the French Riviera since superyacht refit giant, Monaco Marine was selected by Marseille-Fos Port to develop a new shipyard at the Mirabeau harbour. The proposal for a maintenance and renovation centre dedicated to 90-

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Introducing the Johnson 115: a new superyacht flagship

Introducing the Johnson 115: a new superyacht flagship

Johnson Yachts proudly unveiled the design of the Johnson 115, the builder’s new superyacht flagship. The Johnson 115 will be a completely new hull carrying the luxury appointments of a world-class yacht. Johnson Yachts has been on the leading edge of

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Trailblazing lamp sold to private buyer from the UAE

Trailblazing lamp sold to private buyer from the UAE

The one-off showstopper lighting piece ‘Blaze’, designed by UK-based Alexander Joseph, has been sold for £20,000 to a private Bahraini client who is placing it centre stage in the main salon of his luxury superyacht. When Alexander Joseph launched the

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OPINION: Superyacht owners: Changing the narrative

OPINION: Superyacht owners: Changing the narrative

The press love a juicy story about a superyacht. Perhaps it is curiosity for a world that for many is unattainable that makes yachts’ allure so insatiable. Or maybe it’s just good old-fashioned nosiness. Whatever the reasons may be, the

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