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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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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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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Berlusconi family superyacht ‘Suegno’ sunk by Italian storm in Rapallo

Berlusconi family superyacht ‘Suegno’ sunk by Italian storm in Rapallo

Severe storms in Italy have devastated many areas with officials putting the death toll at nine and damage costs into the millions. The port of Rapallo which is popular with superyacht owners has witnessed the destruction of many boats including

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UPDATE: San Clemente man named as victim of superyacht ‘Atessa IV’ collision

UPDATE: San Clemente man named as victim of superyacht ‘Atessa IV’ collision

The Department of Medical Examiner in San Diego County have named the victim of a collision between a fishing vessel and superyacht Attessa IV. Richard Neff, 66, of San Clemente, US, was travelling with a group of seventeen people for

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Summer charter 2018: Season in review

Summer charter 2018: Season in review

Summer charter 2018: An “outstanding,” “but exhausting year” The 2018 summer superyacht chartering season has drawn to a close with focus now swiftly moving to the Caribbean. The overall impression of the 2018 season is resoundingly positive. Despite strong early

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