Imagine spending €1.654bn ($1.682bn) on superyachts. What would your investment buy? One answer is 26 luxury vessels. That is the combined value of 24 yachts under investigation by the Dutch customs authorities in connection with Russian ownership plus a further
Marinas are on the frontline of the yachting boom. More superyachts mean more superyacht berths are needed in ports around the world, particularly in evergreen yachting hubs such as the Mediterranean. According to the Superyacht Times’ State of Yachting report,
While many are enjoying the superyacht industry’s new Roaring Twenties of the 21st Century, 100 years ago, revellers were donning pin-stripe suits or flapper dresses, dancing the Charleston and cruising aboard wooden superyachts. Today, the restoration of those classic superyachts
There are lots of industry sceptics when it comes to yacht co-ownership. But brokerage, management and co-ownership specialists, Floating Life and SeaNet do not care. They are too busy dealing with prospective customers. “Not only have we seen more enquiries
In 1971, one of rock’s greatest ever guitar riffs was conceived after a fire incinerated a venue on the Lake Geneva shoreline. Today, however, smoke on the water is less Deep Purple and more different shades of blue, as reports
The long arm of US law reaches at least 7,767 miles (12,500km). Today it took control of the motor yacht Amadea, which was seized in Lautoka, Fiji just over a month ago. In court filings, the FBI said that the
The Founding Fathers, the French proletariat and 205ft luxury yachts may never have been mentioned in the same instance before; yet all are prominent features of discussion since the latest development from US legislators. US Congress voted in favour of
More than 50 yachts, valued in billions of dollars, have been detained worldwide in connection with sanctions imposed after the Russian invasion of Ukraine, according to a Superyacht Investor investigation. Governments have formally and publicly seized 15 superyachts, with a
In the past eight weeks at least 25 Russian superyachts have been seized, arrested or detained by governments, banks and law enforcement agencies. This includes 12 under construction in the Netherlands. It also includes Dilbar (pictured above) (linked to sanctioned Russian
Up to 4,500 crew working on superyachts owned by Russians are being impacted by sanctions imposed after the invasion of Ukraine. Some have reportedly lost their jobs, while others fear non- payment of their wages, according to industry sources consulted
