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cruising motor yacht X60

Length : 18.7 m Width : 4.8 m Draft : 1.35 m

oluminous living spaces, natural light, easy flow of movement on board: these core concepts have guided the design process for the new X60. Her architectural statement, redistributed space, multiple zones for relaxation, and exceptional ...

cruising motor yacht F65

Length : 20.3 m Width : 5.1 m Draft : 1.63 m

... brings loved ones together. Focussed around a sociable use of space she provides accommodation for eight guests across four cabins . Vast panoramic saloon windows and signature wrap around front screens offer uninterrupted ...

high-speed motor yacht DC16 SL

Length : 16.02 m Width : 4.4 m Guests : 18 unit

... reinforced by incorporated fibreglass with cross and longitudinal reinforcements made of the same material and foam core. Motor blocks and floors made of sea-plywood coated with plastic reinforced by incorporated fibreglass. ...

cruising motor yacht 500 AC Variotop®

Length : 15.5 m Width : 4.7 m Draft : 1.2 m

... -quality steel motor yachts is sailing in the wake of its predecessors. At the same time, it exceeds the previous model series on all fronts. The design is elegant and timeless. It is powerful with low-noise ...

cruising motor yacht E6

Length : 19.95 m Width : 5.4 m Draft : 1.5 m

Open the throttle and feel the full power of the 900 hp engine and let it take you to new exciting adventures, safe in the knowledge that the super stable E6 has been engineered with capsize technology, and a Kevlar hull ...

sport motor yacht 52’S

Length : 52'00"

... feets (36m²) terrace open on sea. central cooking island with bars, table, Grill, Sink, ice maker, fridges outside + 2 or 3 cabins , kitchen, bathroom inside.

cruising motor yacht 52 SC

... In the cockpit covered and cooled Central cooking island with bar, table, Grill, Sink, ice maker, fridges outside + 2 or 3 cabins , kitchen, bathroom inside.

cruising motor yacht JN 56 LONG RANGE

Length : 17 m Width : 4.7 m Draft : 1.4 m

... Boston, East Coast and Florida. A true Trawler, true to his name, for long range expedition ! As large motor yacht , the JN 56 Long Range is a comfortable yacht that can accommodate at ...

cruising motor yacht 49 SCY

Length : 15.45 m Width : 4.2 m Gross tonnage : 14 t

... the features of the boat deck and the flybridge can be customized according to the customer's wishes. Three spacious, high cabins , a two-level saloon and a flybridge size of a mid-sized day cruiser provide enough space ...

cruising motor yacht GT65

Length : 19.75 m Width : 5.6 m Fuel capacity : 3,200 l

Pardo Yachts , renowned for its commitment to innovative nautical design, proudly presents the latest addition to its fleet. This new model, the Pardo GT65, preserves the iconicity and elegance typical of Pardo Yachts ...

cruising motor yacht

Length : 23.2 m Width : 6.9 m Max speed : 30 kt

... that made Swan yachts iconic, but also introduces new elements and materials of class-leading interior design. Going down, the yacht accommodates 6 guests in a captivating space: port side is a dedicated ...

cruising motor yacht GTX80

Length : 23.98 m Width : 5.8 m Draft : 1.9 m

Crafted for relentless revelry. A new standard in exhilaration and pleasure. On board the GTX80 the dynamic and continuous flow of excitement converges in unexpected spaces and seamless indoor-outdoor connections, establishing a new comfort ...

cruising motor yacht SEADECK 6

Length : 17.5 m Max speed : 33 kt

... the first line conceived with a holistic approach, which integrates the solutions used on Azimut’s Low Emission Yachts with hybrid engines and on-board systems designed to reduce energy absorption. A ...

high-performance motor yacht 77 ULTIMA

Length : 23.5 m Width : 8.2 m Guests : 10 unit

Experience Sunreef ULTIMA. Rewrite the rules of luxury yachting with a range of sleek catamarans, engineered to deliver the ultimate blend of speed, sustainability and comfort. Combining the best of monohull dynamics with multihull ...

cruising motor yacht SL78

Length : 24.64 m Width : 5.7 m Draft : 1.8 m

The entry-level model for Sanlorenzo’s planning fleet. It’s the only yacht in its category to be made to measure in line with its owner’s requests. Many new features are included like a lower gunwale outside the salon ...

fishing motor yacht LADY PAT

Length : 29.9 m Width : 6.3 m Draft : 1.7 m

... With a full beam owner’s suite and two guest stateroom, LADY PAT invites he guests to relax and enjoy all this exceptional yacht has to offer. The outdoor spaces are equally incredible. The perfectly integrated cockpit ...

cruising motor yacht Sessantasette 67

Length : 20.8 m Width : 5.5 m Guests : 18 unit

... gunwale, giving the yacht a naval allure. The project was a collaboration between the Cranchi Yachts Research Development Department and Christian Grande, entrusted with the art direction aspect. The ...

cruising motor yacht C68

Length : 21.04 m Width : 5.1 m Draft : 1.6 m

... cockpit divan convertible into sunbathing area - table with top in teak - nr. 02 housing for liferaft - door for crew cabin access - door engine room access - teak furnitures with lacquered shatters and ...

cruising motor yacht 720

Length : 22.3 m Width : 5.6 m Draft : 1.8 m

... the sea life in style, in your home on the waves, with all the comforts of a yacht of timeless elegance and a sensation of wellbeing like never before. The Ferretti Yachts 720 debuted at the 2019 Cannes ...

cruising motor yacht 68' DIABLE

Length : 20.67 m Width : 5.3 m Draft : 1.78 m

A sleek profile and stylish details infuse this trendsetting yacht with a fashion-driven spirit. Riva 68’ Diable sets the bar as the must-have open yacht , an incredible boat that tempts and beguiles, ...

sport motor yacht 75

Length : 23.54 m Width : 5.9 m Draft : 1.44 m

... contours, potent engines and comfortable spaces throughout, Itama 75 is the perfect combination of elegance, technology and skill. Her impressive dimensions promise unique performance and fabulous travel memories. The ...

cruising motor yacht TARGA 50

Length : 15.64 m Width : 4.3 m Draft : 1.17 m

When you have a new range of motor yachts , you want the world to experience just how stunningly beautiful they are. Introducing the Targa 50 OPEN, one of two Targa’s in our new 50ft range, that each have ...

sport-fishing motor yacht 61C

Length : 18.59 m Width : 5.5 m Draft : 1.52 m

Your serious bluewater fishing machine. Tailor-made for open water, the Bertram 61 masterfully blends seakeeping capability, luxury, and sportfishing prowess. Spacious and elegant, there’s room for plenty of family, friends, and crew ...

cruising motor yacht 52

Length : 17.13 m Width : 4.4 m Draft : 1.06 m

The dazzling sunset on a sunny afternoon on the crystal waters of the Mediterranean will be the second most beautiful sight once aboard the 52.Enjoy a day in the sun or a dinner under the stars in the glazed dinette, with an air-conditioned ...

cruising motor yacht 58'

Length : 16.8 m Width : 4.7 m Draft : 1.29 m

... with n° 3 different engine options for all different users and purposes. This uniqueness, the outstanding reliability and the flexibility of the Italian Yard puts also OTAM at the forefront in the new ...

fishing motor yacht EX 60

Length : 18.36 m Width : 5.2 m Draft : 1.22 m

An anthology of our rich history and product portfolio, the EX 60 embodies flexible luxury and endless adventure. Our team of Design, Engineering and Manufacturing experts combined learning from our popular LS Series alongside the established ...

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Yachts for Sale

For aspiring yacht owners looking for a luxury yacht for sale, we have put together a fine selection of luxury yachts and megayachts for sale from all over the world. Search BOAT International's collection of superyachts for sale and filter by type, length, asking price or age. Narrow the results by selecting specific features, or browse by speed, designer and much more.

Explore luxury yachts for sale

Search for everything from motor yachts for sale from renowned Dutch yards including Feadship and Heesen , premium Italian names including Azimut , Sanlorenzo and Benetti , popular British builders Sunseeker and Princess , and American megayachts for sale from US yards such as Westport .

Our collection also features sailing yachts for sale from legendary names such as Royal Huisman , Perini Navi , Nautor's Swan and Jongert , as well as some of the most well-known explorer yachts for sale .

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The PRESTIGE YACHT 460 is now available in a 3-cabin version

3 cabins:  a key feature of the prestige 460.

The PRESTIGE 460 features an entirely new layout, offering three cabins and two bathrooms .  This new layout, a rare advantage for a 46-foot Flybridge , affords an additional cabin, all while conserving her comfortable, spacious interior.  The owner’s cabin is moved forward on the boat, offering a large double berth, storage and a large hanging locker, as well as a private bathroom.  The aft section has been redesigned to accommodate two guest cabins, each with two single berths, and a shared bathroom.

Cruise with more guests on board

In addition to the 6 berths available on this 3-cabin version , the PRESTIGE 460 offers a convertible saloon as well as a skipper cabin, offering sleeping accommodations for up to 9 people.  This new version is designed for owners who enjoy sharing the PRESTIGE Yachts experience with family and friends.

An inviting contemporary interior for comfort and relaxation

The PRESTIGE 460 features the signature design of the most recent PRESTIGE Yachts, with large windows in the wheelhouse, affording bright natural lighting and exceptional 360° views of the sea.  The cockpit, still spacious, features a large L-shaped bench seat, perfect for relaxing and socialising.

The Flybridge is designed to enhance well being and to invite relaxation.  Equipped with a dining area and a galley, a second helm station and a large forward sundeck, the PRESTIGE 460 has been conceived for her owner’s comfort.

Combining the excellence of Garroni Design and the savoir-faire of PRESTIGE, this Flybridge adapts to meet the needs of her customers and features the hallmarks of Prestige Yachts:  space, light, comfort and inviting living spaces for entertaining.

Discover the PRESTIGE 460:  46-foot Flybridge

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Related news, prestige 460 flybridge, prestige yachts to demonstrate raymarine docksense system that automates and simplifies the boat docking experience.

The 5 tragic minutes that sank a superyacht

PORTICELLO, Italy — Survivors of a storm that sank a superyacht off Sicily recounted their ordeal to one of the doctors who rushed to their aid, with some saying it took mere minutes for the 180-foot ship to go down. 

Dr. Fabio Genco, head of the Palermo Emergency Medical Services, told NBC News on the phone Thursday that he arrived in the seaside village of Porticello before dawn Monday, about an hour after the $40 million Bayesian sank in the violent and sudden storm.   

Of the 22 people onboard, 15 survived despite storm conditions and darkness, climbing onto a lifeboat before being rescued by a nearby sailboat. The crew members have made no public statements so far, though some have been interviewed by investigators.

“They told me that it was all dark, that the yacht hoisted itself up and then went down,” Genco said, recounting what the survivors told him. “All the objects were falling on them. That’s why I immediately made sure, by asking them questions, if they had any internal injuries,” he said. 

It appears they had just minutes to abandon the sinking ship, Genco said. 

“They told me that suddenly they found themselves catapulted into the water without even understanding how they had got there,” he said, “And that the whole thing seems to have lasted from 3 to 5 minutes.”

Giovanni Costantino, CEO of The Italian Sea Group, which owns Perini Navi, the Bayesian's shipbuilder, told Sky News that there were no flaws with the design or construction of the yacht. He said their structure and keel made boats like that “unsinkable bodies.”

In an interview with the Italian newspaper Corriere della Sera, he disavowed responsibility, blaming instead the actions of the crew. “Mistakes were made,” he said. 

Genco said one of his colleagues who arrived at the scene before him initially thought that only three people survived, but the coast guard reported there were other survivors and more emergency services were called in. 

When Genco arrived, he found scenes of panic and despair. 

“Unfortunately, we are used to such panic scenes because we are used to the shipwrecks that happen on Lampedusa ,” Genco said, referring to the island southwest of Sicily, where the wreckage of boats carrying migrants on the sea journey from North Africa to Italy are often found . 

Six of the passengers were declared missing Monday, and by Thursday, the bodies of five had been recovered from the wreck , some 160 feet underwater.

Among those who survived is Angela Bacares, wife of the British tech mogul Mike Lynch , whose body was recovered Thursday. 

Another survivor has been identified as Charlotte Emsley, 35. She told the Italian news agency ANSA that she had momentarily lost hold of her year-old daughter, Sofia, in the water but managed to retrieve her and hold her over the waves until a lifeboat inflated and they were pulled into safety.

Dr. Domenico Cipolla at the Di Cristina Children’s Hospital in Palermo is also part of a team of medical professionals treating the shipwreck survivors. He told the BBC on Wednesday that Emsley and her daughter, as well as the father of the child, who Cipolla said also survived, are continuing to receive psychological help. 

“Psychological support was constant and is constant even today, because basically it is the wounds of the soul that are the most in need of healing in these cases,” Cipolla said.

Genco also told NBC News that he was especially concerned about the child. “She did not understand anything. She was soaking wet and cold,” he said. 

Karsten Borner, the Dutch captain of the Sir Robert Baden Powell, a yacht that was anchored near the Bayesian, said by phone Wednesday that he saw a thunderstorm come in at around 4 a.m. local time (10 p.m. ET) Monday, followed by what looked like a waterspout, a type of tornado that forms over water. 

The International Centre for Waterspout Research noted on X that there was a “waterspout outbreak” off Italy on Monday, the day the Bayesian sank. 

“I turned on the engine and made maneuvers so that we wouldn’t collide with the Bayesian, which was anchored about 100 meters from us,” Borner said. “Then all of a sudden it disappeared. Then the wind calmed down, we looked around and saw a red flare.”

Borner said he got into his boat’s tender and saw a life raft with 15 people on it. Members of the crew were administering first aid. 

“I don’t know why it sank so quickly, but it may have something to do with the mast which was incredibly long,” he said. Questions have been raised about whether the mast was to blame for the accident as tall masts, even with the sails down, have more surface area exposed to the wind, which can contribute to tipping a vessel in a storm.

The CCTV footage that emerged Tuesday showed the yacht’s 250-foot mast, believed to be one of the tallest aluminum sailing masts in the world, lashed by the storm as it appears to tilt to one side before disappearing.

Claudia Rizzo is an Italy based journalist.

Claudio Lavanga is Rome-based foreign correspondent for NBC News.

Yuliya Talmazan is a reporter for NBC News Digital, based in London.

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How much does a yacht cost | ultimate breakdown guide.

 October 14, 2019

Complete guide to “How much does a yacht cost?” including superyachts and megayachts. Includes the cost of owning and operating a yacht. Yachts and superyachts are symbols of success. They appeal to wealthy individuals but are also extremely useful business assets. In this article, we’ll explore how much does a yacht cost. Also, we’ll answer how much does a superyacht cost and how much does a mega yacht cost. Then we’ll identify additional yacht costs such as fees and taxes. Next, we’ll give example breakdowns of the price of yacht and the price of a superyacht. Finally, we’ll explain how Assets America ® can help fund your transaction, and then answer frequently asked questions regarding the cost of yacht. Note that we’ll devote a separate article to yacht operation and maintenance costs. This article focuses on how much does it cost to buy a yacht.

How Much Does a Yacht Cost?

To know the context for how much does a yacht cost, we define some important terms.

Yacht Terms

• Yacht: A sailing or powered watercraft between 39 and 78 feet in length, accommodating up to 6 guests.
• Superyacht: A luxury yacht ranging in size from 78 to 200 feet in length, accommodating 6 to 12 guests.
• Megayacht: A luxury yacht greater than 200 feet long holding more than a dozen guests.
• Cabin Cruiser : A luxury powered boat between 23 and 38 feet in length.
• Day Sailing Yacht: Small yachts, often with a retractable keel, daggerboard , or centerboard and no cabin.
• Weekender Yacht: Medium-sized yachts, typically up to 31-feet long. Usually, they have lifting keels or twin keels allowing shallow-water operation for two-to-three-day journeys. Normally, weekender yachts have a simple cabin sleeping two to four passengers along with a small galley.
• Cruising Yacht: The most common private yacht, with good handling, onboard comfort, sufficient interior space, and capable performance. Typically, they have a teardrop-planform hull with a deep single-fin keel.
• Luxury Sailing Yacht: Larger yachts powered by wind and engines, with many luxury features.       Typically, yacht makers construct these boats with fiberglass hulls and plenty of automation, lighting, navigation aids, hot water, and more.
• Racing Yachts: Yachts optimized for fast sailing, with heavy and deep bulb keels, tall masts, and large sails.

Average Cost of Yacht

New yachts over 100-feet long have an average price of a yacht equal to $1 million per 3.3 feet in length. In other words, a 100-foot yacht will, on average, cost more than $30 million. Older yachts below 85 feet are less expensive. For example, an 84-foot yacht originally built in 2002 and renovated in 2015 sold for $1.45 million.

The average price of a yacht that is preowned, entry-level, and in the 30 to 35 foot range, is about $100,000.

How Assets America ® Can Help

Whether you need to borrow $20 million or $1 billion to acquire your yacht, Assets America ® can most assuredly help.  We can arrange short-term or long-term financing for the purchase or refit of yachts, superyachts and megayachts. We can provide financing much more rapidly than most typical funding sources do, and we can arrange financing even if your bank declines.  Call us today at 206-622-3000 for a confidential consultation, or simply fill out the below form and expect and prompt response!

Apply For Financing

How much does a superyacht cost.

Superyacht prices are high but variable. For example, the world’s most expensive superyacht (the History Supreme) has a price of $4.5 billion. And at only 100 feet, it is too small to qualify as a megayacht, even though it certainly has a mega-price! On the other hand, a world-famous golfer purchased a 155-foot superyacht for $20 million, a sweet deal. The average price of a superyacht is $275 million.

How Much Does a Megayacht Cost?

The most expensive megayacht, measuring in at 536 feet, cost $1.5 billion. A 1990, 344-foot megayacht can be yours for $210 million. So, the prices of megayachts can vary greatly. In other words, there is no clear answer to how much does a mega yacht cost.

Video:  Million Pound Mega Yachts for Sale – Documentary 2019

Additional Costs of a Yacht

A few states don’t have sales tax: Delaware, Montana, New Hampshire, Oregon — and to some extent Alaska. If you buy a yacht in any other state, you’ll owe state sales tax. On a $1 billion yacht purchase, a state like Texas with 6.25% sales tax will collect $62.5 million. You can buy a yacht in a state without sales tax and use it in another state. However, you will eventually have to pay a use tax. Florida caps yacht sales tax at $18,000, but California has no cap.

Municipalities that charge local sales tax could add a percentage point or two to your tax bill.

Most states also assess property taxes on yachts. Marinas may assess a tax on boat slips. Some states will refund fuel taxes on yachts since they don’t use roads.

Yachts with bathroom, eating, and sleeping facilities qualify as second homes. You can deduct the interest on the yacht’s mortgage, but national tax law caps the deduction at $750,000.

A yacht purchased for business purposes is a capital asset that you can depreciate. This would apply to a charter, rental, or fishing yacht that you use to generate income. If you buy a used business yacht for $1 million or less, it might qualify as Section 179 property. If so, you can deduct the full price in the year of purchase.

There are some minor fees you may have to pay when you acquire a boat. For example, you may have to register your yacht with the International Registry, which has fees of $550 to $1,500. Also, you may pay an annual tonnage tax, a ship radio station license fee, and certificate of insurance. Other fees include those for :

• An annual Maritime Security and Compliance fee
• Private Yacht Limited Charter Compliance Certificate
• Minimum Safe Manning Certificate
• Continuous Synopsis Record (CSR) Document
• Annual Yacht Service
• Intended Registration and Vessel Under Construction Registration

Cost Breakdown

When you want to know how much does a yacht cost, you need to know the cost factors. A yacht’s price directly ties to its construction costs, which include:

• Design: The design requires expertise in marine and mechanical engineering. For example, the designers must undertake many stability and hydrodynamic studies. Also, the design must be esthetically pleasing.
• Construction: It can take many months to construct a large yacht. You must factor in materials, equipment, and labor. Luxury-yacht buyers may want expensive and/or rare materials. One yacht, the infamous History Supreme, contains dinosaur fossils and meteorite stone! But less outlandish materials, such as fine woods and precious metals, still contribute to high construction costs.
• Engine: The number and power of yacht engines can greatly impact cost. Naturally, all things being equal, a sailing yacht should cost less than a comparable motor yacht. It requires huge power to propel a large megayacht, and an elaborate engine room to operate those engines.
• Interiors: Large yachts have many rooms, including galleys, heads, bedrooms, meeting rooms and more. In addition, electronics are important cost items.

FAQs — How Much Does a Yacht Cost?

How much does a 50-foot yacht cost.

A 50-foot yacht is a good candidate for weekend duty. A 2014 convertible sportfish costs just under $2 million. An example price of yacht (51-foot 2013 Azium Magellano 50) is $670,760. A 52-foot 2017 Carver C52 Command Bridge sells for $1,149,000.

What is the cost to build a yacht?

Mid-level yachts cost about $25 to $35 per pound to build. Higher-level-yachts have average construction costs pf $45 to $65 per pound. The top vessels built with exotic materials and hi-tech systems can cost $80/pound to build.

How much does a 60-foot yacht cost?

A 60-foot yacht is about the largest size that an owner operates. A new Hatteras M60 can easily cost around $3 million. However, you can get a 2007 60-foot Sunreef 62 for $735,000.

How much does a 100-foot yacht cost?

Superyachts in this range contain many amenities. You can buy a new 100-foot AB 100 for just over $8.8 million. But let’s face it, you can spend hundreds of millions on big yachts. Your only limits are your imagination and most importantly, of course, your wallet!

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• Complete Guide to Yacht Financing
• Sale Leasebacks – Everything You Need to Know
• Yacht Builders – Ultimate Guide (Coming Soon)
• Yacht Interior Designers – Ultimate Guide (Coming Soon)

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Ronny was a pleasure to work with and is extremely knowledgeable. His hard work was never ending until the job was done. They handled a complex lease and guided us through entire process, including the paperwork. Not to mention a below market lease rate and more than all the features we needed in a site. We later used Assets America for a unique equipment financing deal where once again Ronny and team exceeded our expectations and our timeline. Thank you to Assets America for your highly professional service!

Great experience with Assets America. Fast turn around. Had a lender in place in 30 minutes looking to do the deal. Totally amazing. Highly recommend them to anyone looking for financing. Ronny is fantastic. Give them a call if the deal makes sense they can get it funded. Referring all our clients.

Assets America guided us every step of the way in finding and leasing our large industrial building with attached offices. They handled all of the complex lease negotiations and contractual paperwork. Ultimately, we received exactly the space we needed along with a lower than market per square foot pricing, lease length and end of term options we requested. In addition to the real estate lease, Assets America utilized their decades-long financial expertise to negotiate fantastic rates and terms on our large and very unique multimillion dollar equipment purchase/lease. We were thankful for how promptly and consistently they kept us informed and up to date on each step of our journey. They were always available to answer each and every one of our questions. Overall, they provided my team with a fantastic and highly professional service!

Assets America was responsible for arranging financing for two of my multi million dollar commercial projects. At the time of financing, it was extremely difficult to obtain bank financing for commercial real estate. Not only was Assets America successful, they were able to obtain an interest rate lower than going rates. The company is very capable, I would recommend Assets America to any company requiring commercial financing.

Assets America was incredibly helpful and professional in assisting us in purchasing our property. It was great to have such knowledgeable and super-experienced, licensed pros in our corner, pros upon which we could fully rely. They helped and successfully guided us to beat out 9 other competing offers! They were excellent at communicating with us at all times and they were extremely responsive. Having them on our team meant that we could always receive truthful, timely and accurate answers to our questions. We would most definitely utilize their services again and again for all of our real estate needs.

Assets America is a great company to work with. No hassles. Recommend them to everyone. Professional, fast response time and definitely gets the job done.

Ronny at Assets America has been invaluable to us and definitely is tops in his field. Great experience. Would refer them to all our business associates.

We were very pleased with Assets America’s expertise and prompt response to our inquiry. They were very straight forward with us and helped a great deal. We referred them to all our business associates.

I’ve worked with this company for decades. They are reputable, knowledgeable, and ethical with proven results. I highly recommend them to anyone needing commercial financing.

Ronny was incredibly adept and responsive – top-notch professional who arranged impressive term sheets.

Assets America helped us survive a very difficult time and we most definitely give them 5 stars!

Ronny was very friendly and though we were unable to make something happen at the moment he gave me some direction to go.

My business partner and I were looking to purchase a retail shopping center in southern California.  We sought out the services of Ronny, CFO of Assets America.  Ronny found us several commercial properties which met our desired needs.  We chose the property we liked best, and Ronny went to work. He negotiated very aggressively on our behalf. We came to terms with the Seller, entered into a purchase agreement and opened escrow.  Additionally, we needed 80 percent financing on our multimillion-dollar purchase.  Assets America also handled the commercial loan for us.  They were our One-Stop-Shop. They obtained fantastic, low, fixed rate insurance money for us.  So, Assets America handled both the sale and the loan for us and successfully closed our escrow within the time frame stated in the purchase agreement.  Ronny did and performed exactly as he said he would. Ronny and his company are true professionals.  In this day and age, it’s especially rare and wonderful to work with a person who actually does what he says he will do.  We recommend them to anyone needing any type of commercial real estate transaction and we further highly recommend them for any type of commercial financing.  They were diligent and forthright on both accounts and brought our deal to a successful closing.

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6 Passengers, Including 2 Americans, Missing After 180-Foot Yacht Sinks amid Tornado in Sicily

S earch operations are underway for six missing passengers after a yacht sank in a tornado in Sicily on Monday, Aug. 19, while one man had been found dead

Two Americans are reportedly among the passengers missing after a yacht sank in a tornado off the coast of Sicily.

The search for six people continues after a 56-meter (183-ft) yacht carrying 22 sank in the island's Palermo area in the early morning of Monday, Aug 19, according to reports. 

The Italian coastguard said in a statement, per The Guardian , “This morning at about 5 a.m. following a violent storm, a 56-meter yacht called Bayesian flying the British flag sank near Porticello.” 

Eyewitnesses reported that the yacht was anchored when it was struck by a tornado and lost its balance after being hit by a waterspout causing it to sink, per Sicilian news agency Ansa .

The body of a man, who has been identified as a cook on the boat from Canada, was recovered near the vessel on Monday morning, local outlet Palermo Today reported. 

Related: At Least 4 Dead After Tourist Boat Carrying 19 People Sinks Near Cancun, Captain Detained

Two Americans and four British travelers are still among the missing as fire and water rescue teams search to try and locate them, per Ansa, and local news outlet Corriere Della Sera . 

Coastguard patrol boats and firefighters rescued 15 people as divers reached 49 ft below the sea surface to the vessel, according to the outlets. 

One of those rescued was a 1-year-old English girl named Sophie. She was sent to the Children's Hospital of Palermo, where she was reunited with her mother, who received minor injuries in the incident, per Ansa, The Independent and Corriere Della Sera .

The pair remain in “good condition,” the head of the emergency room of the pediatric hospital, Domenico Cipolla, confirmed to latter outlet. 

The father was sent to the Civic Hospital in Palermo, and five others rescued were transported to an emergency point at another hospital, Ansa reported. 

Related: 2 Yacht Passengers Rescued After Whales Sink Their Boat in Growing Trend That Has Scientists Divided

Footage posted by Italy's fire-and-rescue service, Vigili del Fuoco, shows rescue teams on Friday morning sailing out to sea in their continued search for passengers, with divers entering the water and helicopters flying overhead in an attempt for more findings of the wreckage.

According to the tracking website Vesselfinder , the 16-year-old yacht departed a port in Milazzo in Sicily on Wednesday, Aug. 14, and was listed as “at anchor” on Sunday. The ship is managed by Camper and Nicholsons International, per the BBC .

Said fisherman Pietro Asciutto, who witnessed the sinking from his home, per Ansa, "I was at home when the tornado hit. I immediately closed all the windows."

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"Then I saw the boat, it had only one mast, it was very large. I saw it sink suddenly ... The boat was still floating, then suddenly it disappeared," he added.

The rescue teams theorize the missing people to possibly be trapped inside the hull, making the search for any passengers all the more urgent, Palermo Today reported.

PEOPLE has reached out to the Italian coastguard for further comment.

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Read the original article on People .

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• Vessel ltinerary
• Administration
• Dockage & Fuel
• Maintenance
• Capital Repairs & Reserves
• Total Expenses =
• Name Length Build
• # Total Expenses Date Saved

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Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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Average Yacht Prices | 40, 50, 60, 70, 100 feet + Helpful Examples

How much do yachts cost? Let’s look at yacht prices per size.

SELECT SIZE ⇩

Note: We will look at yachts that are a few years old. Very few people buy brand-new yachts as the price comes down a lot after only a few years.

How much is a small yacht? Let’s start at 40 feet length.

40 Foot Yacht Cost

A 40-foot yacht can be found used for around $200,000 and new models can cost as much as a million dollars. There are always lots of used yachts for sale around 40 feet in length, which makes them more attractive to first-time buyers.

Technically, a yacht begins at 23 feet. However, yachts that size will more often be referred to as boats.

A 40-foot yacht is a great option for looking for relative simplicity and plenty of comfort and capability. This size is great for day trips in the Caribbean dedicated to speed boating or simple cruising.

The size remains manageable, but the vessel can be updated with extra living spaces and amenities as desired, with a more affordable price than larger options.

The maintenance prices will remain lower as well.

Make sure you are considering the age of your yacht. Even if it is on the smaller end, it will be more expensive if it is new and custom-built to your wants.

Even if you think a 40-foot yacht is the cheapest option, these small factors make for a sliding price scale.

You might find that a smaller, new, custom yacht is more expensive than an older, simpler, larger yacht. One benefit of an older yacht is that it should have the improvements and equipment that make it comfortable to operate and will not have those additional costs.

For  sailboat prices specifically, check out this article .

Our Pick: Viking 42 Convertible: Cruise and Fish (2014)

Price: $895,000

• Cushioned seats
• Underwater lights
• Flybridge fiberglass hard-top
• Recent engine and service
• Joystick control
• Cockpit shade with poles, freezer, and step-up box
• Custom chairs
• Coach roof overhang to provide shade
• home theater setup
• Freshwater wash area
• Cockpit freezer and drink box
• Forward-facing viewing windows in deckhouse

Here’s a great example of a yacht with differing ages and year models. It has twin diesel engines, 600 hp each, and cruise at 35 mph (pretty fast!).

Yacht Price Examples for Three Other 40-50 Foot

• 42-foot Grand Banks 42 Classic; trawler-cruiser style yacht; twin diesel, 350 hp each, cruising speed is 13 mph. Price: $370,000 for 2004; $124,500 for 1986; older ones for less
• 45-foot Sea Ray 450 Sundancer or Sedan Bridge; single or twin diesel, about 1,000 hp total; cruising speed about 26 mph Price: $472,000 for 2012 twin-engine
• 41-foot Back Cove Downeast; single diesel 715 hp; cruising speed is 26 mph Price: $619,000 for 2016

50 Foot Yacht Cost

50-foot yachts are  normally owner-operated, so you wouldn’t need to pay for a crew. Now we are around the size of 2-bedroom yachts.

They can provide more living space giving the owner flexibility for more guests and making it a more permanent residential option. With more space comes the opportunity to install more amenities as well.

The biggest difference between the 40-foot vessel and the 50-foot is the accommodations.

Expect three-cabin layouts, which give plenty of space for rest. The opportunity to create guest rooms, owners’ suite, and entertainment spaces are better with these yachts.

Our Pick: Hatteras GT54 Convertible Sportfish

The price for the 2017 model of this used yacht starts at $2,249,000. 

This yacht is 53′ 10″ long and weighs 75,000 pounds! It has twin diesel engines, 1,300 hp each, cruising speed of 35 mph.

It has a 1200-gallon fuel capacity with three staterooms. It sleeps up to 6 people, so it is perfect for entertaining without being so large to the point where maintenance becomes very difficult. It is known for its great propulsion rates and is very smooth and agile.

It specializes as a fishing boat but allows plenty of room for guests. In addition to the three staterooms, it has a large salon deck, a spacious galley, and plenty of indoor and outdoor seating.

Yacht Price Examples for Two Other 50 Foot

• 51-foot Azimut Magellano 50; express cruiser; twin diesel engines, 425 hp each, cruising speed 16 mph Price: $670,760 for 2013
• 52-foot Carver C52 Command Bridge; twin diesel engines, 600 hp each; cruising speed 18- 26 mph Price: $1,149,000 for 2017; $1,750,00 for 2021 with bow thrusters, gyro-stabilizer

How much is a large yacht? Let’s  step up to 60 foot.

60 Foot Yacht Cost

Now we’re looking at 2-bedroom yacht prices. A yacht in this range approaches the upper end of the owner/operator criteria.

This means that owners need to decide whether they can handle this size yacht on their own or if they need to hire outside help from a crew.

If you’re thinking of buying a boat this size, the cost may not be an issue, but understand that adding crew members adds substantial extra expenses! Crew salaries start at around $3K /mth for junior members and $10K for captains and experienced crew members.

This size is great for longer travels beyond day trips and adds more and more space for extra amenities. Hosting guests becomes easier.

Here are some examples:

Our Pick: Hatteras M60

The average base price for this model is around $2,995,000.

The Hatteras M60 is great for someone who wants the luxury of a larger yacht but still wants to be an owner-operator. The deck’s layout below and above is spacious, with a large salon and a full master suite. It can be customized to order with hardwood floors or specific carpeting and amenities like TVs, a bar, a full kitchen, etc. It is a motor yacht, meant for pleasure cruising.

It has twin diesel engines, 1135 hp each; cruising speed is 28 mph.

Yacht Price Examples for Two Other 60 Foot

• 64-foot Schaefer 640; express cruiser; twin diesel engines, 625 hp each; cruising speed 25 mph Price: $1,299,000 for 2017
• 60-foot Sunreef 62 Sailing Catamaran; twin diesel engines 110 hp each; cruising speed 10 mph Price: $990,000 for 2009

70 Foot Yacht Cost

We’re now looking at 3-bedroom yachts. Once you reach this size yacht, it is almost guaranteed you will need a crew to help operate it. A crewed yacht is very different from an owner-operated yacht.

This is just shy of the superyacht category, so if you settle on this size, know you are almost there!

As previously mentioned, as the yacht size gets larger, so do the number of factors that make the purchase more layered and complex.

When yachts reach this size, the interior layout begins to change more drastically. They often have a spacious main deck perfect for dining and entertaining guests, whereas below, the yacht would likely have four or more cabins and crew quarters.

With more rooms comes more cost and more opportunity to customize the space to make it your own.

Here are some great options for this size:

Our Pick: Hatteras GT70 Convertible Sportfish

The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. It’s great for a long vacation and far-away destinations.

The GT70 convertible sportfish is known for its speed and agility, and high propulsion power. It has twin diesel engines, 1900 hp each; cruising speed over 30 mph.

It is 70′ 6″ with 2,140-gallon fuel capacity. The inside is lavish, with a galley, a huge salon, and five staterooms.

Yacht Price Examples for Two Other 70 Foot

• 75-foot Hatteras Motor Yacht; sport cruiser; twin diesel, 1800 hp each; cruising speed 28 mph. Price: $4,375,000 for 2017
• 74-foot Ocean Alexander Motoryacht; twin diesel, 1150 hp each; cruising speed 24 mph. Price: $1,895,000 for 2011

100 Foot Yacht Costs (and up):

You are officially in the superyacht range.

These yachts come in all styles and shapes, allowing for cruising along coastlines or focusing on watercraft and speed boating.

Since this is likely the peak size boat for practical use, you can expect a lot of additional costs for hiring a crew, maintenance, docking, as well as stocking your boat full of amenities. 

You’re likely to spend the bulk of your costs furnishing this size boat as bigger yachts typically are sold without furniture. The previous owner will want to hold on to designer furniture and other expensive interior.

Check out these great  examples of 100-foot yachts .

Our Pick: 143′ 04″ Virtus 44

This model cost around $20,189,000.

This mega yacht is anyone’s dream.

It is home to a fully integrated beach club with room for a pool deck, floor-to-ceiling windows in the main salon, a hot tub on the top deck, five staterooms, an 8-person crew, and room to sleep ten guests.

It has room for water toys and other gadgets, with a layout that keeps them purposefully hidden from the outside world. It has a 12-knot cruising speed and 16-knot max speed,

Other 100+ Feet Yachts Price Examples

• 98′ 5″ AB 100 Price: $8,843,260 for 2018
• 161′ 04″ Acico Nassima Price: $17,933,000 for 2012

How Much is Yacht Insurance?

Insurance on a yacht is around 1% of the purchase price per year. It can go higher if you have lots of expensive designer furniture. This can add up over the years. It’s often cheaper to insure a sailing yacht but the price range is still within the 0.7-1.3%.

What Other Expenses Do Yacht Owners Face?

Harbor fees is another expense for yacht owners. It’s also a yearly fee that varies but as a rule of thumb, you can expect to pay around $100 per foot per year, depending on how popular the marina is. You will also have to be on a waitlist if you want a good location.

How Much Does a Luxury Yacht Cost?

A super yacht fall under the category of “luxury yachts” or “mega-yachts”.

The world’s largest private vessel belongs to the Prime Minister of the United Arab Emirates, Khalifa bin Zayed Al Nahyan’s Azzam. It is 590 feet long and costs $600 million to build!

It is outliers like these that increase the price average for yacht owners, perhaps scaring potential owners when they start their research.

As a luxury yacht price guide, however, we need to look at averages.

Currently, the average superyacht costs $275 million. This does not even account for maintenance costs, either.

Superyachts are large and luxurious, needing a professional crew to help them run. They are designed to emphasize comfort, speed, and longer expeditions – depending on the yacht builders.

They might have:

• swimming pools,
• water toys,
• diving and fishing poles,
• fully furnished rooms,
• helicopter landing pads,
• and smaller support vessels

Just to name a few amenities. They are truly the epitome of the elite.

What Size Boat is Considered a Yacht?

The normal yacht length starts at around 23 feet, and can extend hundreds of feet.  If the boat meets 23 feet, it can be considered a yacht.

A boat does not need luxury features to be considered a yacht.

It can be minimal and stripped of the “extra” stuff to fall into the yacht category, so long as it meets the size and length criteria.

11 Things to Consider Before You Purchase

When making this purchase, the yacht size you buy needs to reflect what you hope to get out of the vessel.

Some important questions to ask yourself before you buy are:

• What does your perfect day on the water look like?
• How long will your average day on the water be?
• Will it be more boating/watercraft focused or long cruise focused?
• Will you use the yacht for fishing?
• Will you be on the yacht every day of the week or just on weekends?
• How many people do you hope to fit on the yacht?
• Do you plan to stay on the yacht overnight?
• Where will you dock the yacht?
• How much boating experience do you have?
• How fast do you want the yacht to go?
• How important is it to have extra amenities like furnished rooms, water toys, electronics, etc.?

These questions will guide you to understand the size you really need and will be able to realistically maintain versus what your most ideal yacht would look like.

When Do You Need a Full-Time Crew?

At length over 50 or 60 feet, you may need a full-time captain or crew. 

A full-time crew person will be needed to keep all the varnished woodwork looking good and all the little things maintained.

Sometimes, you must be honest with yourself about what you want and what you actually need. Be self-aware about your abilities (or lack thereof) in taking care of a specific size yacht.

If you don’t know much about boats and navigation, you will need more help to use your vessel.

Hopefully, this comprehensive guide gives you a good starting point as you begin your yacht price research process.

Important Things to Consider As Well

Although there are many factors to consider when understanding a yacht’s prices, it is an exciting purchase nonetheless and should be enjoyed as much as possible.

At the end of your research, you’ll be the owner of a beautiful yacht you can use for leisure, cruising, sports craft, fishing, or all of the above.

Although this article is a good starting point, we would also recommend getting in touch with a  yacht broker who can help you find your best fit , model, year, and the price is given your personal budget. 

They are great sources of knowledge in addition to personal research.

Make sure you are as patient as possible in this process to make sure you are covering all your bases, but most importantly, enjoy the process!

Here’s How Much Yachts Cost on Average:

Yachts start around $300,000 for smaller 40-foot models and can go as high as several hundred million dollars for superyachts.

These are the main contributing factors to the price of a yacht:

• The size of the yacht
• The age of the yacht
• The brand and  type of yacht

In general, the larger the yacht is, the more important the quality of the build becomes.

Also, potential owners need to understand the cruising speed and propulsion of different yachts.

The yacht type is also broken down into two categories:

• Mediterranean Style Open style expresses yacht with maximum space for sun, little-to-no shade on the deck.
• Hard-top express Semi-enclosed or fully-enclosed space on deck for the operator
• Flybridge yachts

An express yacht is often referred to interchangeably as an  express cruiser  or  sports cruiser .

It has a single deck above the hull with a living space below.

They are much sleeker, too.

A flybridge yacht is often referred to as a sedan bridge or sport bridge, and it is typically used for fishing. It has additional space above the main deck.

Since the flybridge area has more space on the second deck, the main deck is normally made up of enclosed spaces and rooms.

It can have an open-air layout but can also have a hard-top.

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Breaking news, maker of bayesian yacht blames crew for ‘indescribable, unreasonable errors’ in doomed vessel’s sinking.

The CEO of the company that built the $40 million yacht that sank off the coast of Sicily this week has blamed the crew for the tragedy — saying they had 16 minutes and could have easily saved the seven who died.

“The boat suffered a series of indescribable, unreasonable errors,” Giovanni Costantino, CEO of the Italian Sea Group, told Reuters of the Bayesian sinking Monday, killing seven of the 22 onboard.

“The impossible happened on that boat … but it went down because it took on water. From where, the investigators will tell,” he said.

Blaming the crew for the “incredible mistake” of not being prepared for the storm, he said: “This is the mistake that cries out for vengeance.”

Costantino, whose company includes Perini Navi, the Italian high-end yacht maker that built the 183-foot superyacht in 2008, staunchly defended its construction — saying it had survived far more extreme storms during 22 years of trouble-free navigation.

Instead, he expressed horror that the crew was unable to save the seven who died — including the Bayesian’s owner, British tech tycoon Mike Lynch, and his 18-year-old daughter, Hannah.

He said the crew had a 16-minute window before the craft sank — plenty of time to get everyone to safety.

“The torture lasted 16 minutes,” he told the Financial Times.

“It went down, not in one minute as some scientists have said. It went down in 16 minutes. You can see it from the charts, from the AIS [Automatic Identification System] tracking chart,” he said.

Additionally, doors and hatches should have been closed, and the keel should have been lowered to increase stability, among other safety measures, Costantino said.

Had correct procedures been followed, all passengers would have gone back to sleep after one hour, “and the next morning they would have happily resumed their wonderful cruise,” he added.

“The captain should have prepared the boat and put it in a state of alert and of safety.”

“Ask yourself — why were none of the Porticello fishermen out that night? A fisherman checks the conditions and a ship doesn’t? The disturbance was completely readable on all the weather maps. It was impossible not to know,” he said.

What to know after a tornado sank the yacht Bayesian off the coast of Sicily:

• A superyacht capsized off the coast of Sicily after a tornado hit the area early Monday, killing seven passengers.
• British tech tycoon Mike Lynch was identified as one of the bodies pulled from the wreckage. His teenage daughter, Hannah, was the final one to be recovered.
• Lynch — known as “Britain’s Bill Gates” — had invited guests from Clifford Chance, a legal firm that represented him, and Invoke Capital, his own company, on the voyage,  according to the Telegraph . 
• Security camera footage shot from 650 feet from where the  Bayesian sank Monday  shows it disappearing.
• A rare and unexpected “black swan” weather event may have led to the  Bayesian’s speedy demise , maritime experts say.

Bayesian had 22 people on board — 12 passengers and 10 crew — when it capsized and sank during a storm while anchored off the coast of northern Sicily.

Of those on board, 15 people — including Lynch’s wife, Angela Bacares — were rescued after escaping onto a lifeboat. 

Rescue divers located Lynch’s teen daughter Friday, the final missing person, the Italian coast guard said.   

The bodies of the other dead passengers, including Lynch and New York attorney Christopher Morvillo, were recovered Wednesday and Thursday from inside the hull of the sunken yacht. Those on board were there to help Lynch celebrate his recent acquittal in a major US fraud trial. 

Meanwhile, Italian authorities launched a manslaughter investigation into what downed the $40 million yacht after it was struck by an intense storm early Monday, local media reported.

The Prosecutor’s Office of Termini Imerese had started making inquiries and was looking at a slew of offenses — including “shipwreck and multiple counts of culpable homicide against an unknown person,” sources told Palermo Today.

With Post wires

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The bodies of UK tech entrepreneur Mike Lynch and four of his guests on the superyacht Bayesian have been recovered, three days after it sank off the coast of Sicily, according to Italian officials.

The officials said the bodies of Christopher Morvillo of the law firm Clifford Chance and Jonathan Bloomer , chair of insurance group Hiscox and Morgan Stanley International, alongside their wives, Neda Morvillo and Judy Bloomer, have been retrieved.

Lynch’s 18-year-old daughter Hannah is still missing, after Bayesian went down in an intense storm near Palermo on Monday.

The five bodies were pulled from the sunken yacht on Wednesday afternoon and Thursday morning. The body of Recaldo Thomas, the boat’s chef, had been retrieved earlier in the week.

The officials asked not to be named as they were not authorised to speak publicly.

No formal identification of the bodies has been announced by the local authorities. The Italian public prosecutor is charged with making the official determination of the deaths.

A representative for the Morvillo family spoke of their “tremendous loss”.

“We are completely devastated by the passing of Chris and Neda, and our collective hearts go out to all the families who have also been affected by this senseless tragedy,” they said.

A Bloomer family spokesperson described their “unimaginable grief”.

“Our parents were incredible people and an inspiration to many, but first and foremost they were focused on and loved their family,” they said. “Together for five decades, our only comfort is that they are still together now.”

A spokesperson for the Lynch family declined to comment.

David Tabizel, who worked with Lynch in the early days of Autonomy, paid tribute to his “exhausting, exhilarating and incisive” friend, describing him as a “witty, loyal polymath with a mind like a razor blade”.

Brent Hoberman, the investor and entrepreneur who co-founded Lastminute.com and Founders Forum, said Lynch was a “pioneering titan of UK technology”. “He was an outlier and an original thinker,” he said.

Lord John Browne, former chief executive of BP, said Lynch “should be remembered as the person who catalysed a breed of deep tech entrepreneurs in the UK”.

Suranga Chandratillake, former US chief technology officer at Autonomy and now investor at Balderton Capital, called Lynch’s death an “incalculable loss to UK tech”, as well as a “hugely inspirational friend who would always have time to help you find a solution [with] a sense of humour [and] a cup of builder’s tea”.

The trip on Bayesian had been planned as a celebration of Lynch’s recent acquittal on US fraud charges, after a 12-year legal battle over the $11bn sale of his software group Autonomy to Hewlett-Packard.

Morvillo represented Lynch in his recent US case, and Bloomer appeared at the trial as a witness for the defence.

Lynch’s wife, Angela Bacares, was one of 15 survivors rescued in the early hours of Monday morning.

Italian and UK authorities are investigating the exact circumstances of the shipwreck after some eyewitnesses claimed the yacht sank in just a matter of minutes.

Giovanni Costantino, chief executive of Italian Sea Group, which owns Bayesian’s manufacturers Perini Navi, told the Financial Times that the 56-metre, British-registered yacht was “absolutely safe”. ISG’s tracking data shows it took 16 minutes from the time Bayesian started dragging its anchor until it sank.

A team of divers has struggled for days to access the interior cabins of the 540-tonne yacht, due to the volume of debris inside a wreck that lies 50 metres below the surface.

Additional reporting by Caroline Binham

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Unmanned boat rescued by Thurston County Sheriff after drifting into shipping lane

The Thurston County Sheriff’s Office safely secured a drifting, unmanned boat that was posing a hazard in the Puget Sound shipping channel last week.

A boating deputy first spotted the boat adrift near Tugboat Annie’s without a registered owner or occupants.

Over the weekend, after storms swept through the area, the boat’s anchor failed to hold, causing it to drift closer to the merge point of the shipping channel.

Despite these movements, the vessel remained unmanned, raising concerns about its potential danger to other ships.

The boat was found even further into the shipping channel on Wednesday, still improperly anchored and unmanned.

Given the risk it posed to incoming and outgoing vessels, the Thurston County boating deputy took action.

The 140-foot anchor line was pulled, and the boat was towed back to a safe harbor, where it was secured to a dock.

Authorities continue to seek information about the boat’s owner.

Anyone with information is encouraged to contact the Thurston County Sheriff’s Office.

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Sailor taken to hospital after yacht crashes on rocks in Outer Hebrides

The 34-foot-yatch grounded on rocks on the isle of Fuday, north of Barra.

A man was taken to hospital after his sailing yacht crashed on rocks in the Outer Hebrides.

Coastguard teams received a mayday call from the 34-foot vessel at 8:41pm yesterday, Wednesday, August 21.

The man on board said he had lost his anchor, had no engine and was adrift.

The boat then grounded on rocks on the isle of Fuday, north of Barra.

He was rescued by a coastguard lifeboat and taken to St Brendan’s Hospital, while the yacht was abandoned at sea.

Yacht grounded on rocks in Outer Hebrides

A Coastguard spokesperson said: “We had a mayday from a yacht near Barra , with one person on board which subsequently grounded on rocks on the island of Fuday.

“It was very windy and very wet up here last night.

“He was taken to Castlebay by a Barra lifeboat and then he was handed over to the Scottish Ambulance Service.

“The man was then taken to St Brendan’s Hospital in Barra for a check over.”

“The vessel was abandoned, and a coastguard team is going to check the state of the boat this morning.”

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