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French Riviera Yachting News Archive 13 - August / September 2010

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Video  Saddam Hussein's luxury yacht to go up for sale  yahoo.com 02 Nov 10 Iraq's ministry of transportation has announced that the luxury yacht Ocean Breeze, once owned by former Iraqi president Saddam Hussein, is back in Iraqi waters. The boat, which has been the subject of legal wrangling between Iraq and Jordan, which claimed ownership of the vessel, is equipped with golden taps, a small theatre and a helipad. Iraq won the dispute in French courts last year. After being moored off the French resort of Nice and elsewhere in France over several months, Ocean Breeze left for Greece to undergo renovations. Mehdi Ali, director general of the Iraqi Maritime Company says Iraqi Transportation Minister joined the yacht in the UAE. ITN.

British bosun still missing after Saturday's Monaco accident: call to industry for assistance  synfo.com 30 Sep 10 At approx. 22:50 on 25 Sep, the last day of the Monaco Yacht Show, as 28 yr old British Bosun William Black returned to 56m S/Y Burrasca, his tender struck the hull of the 31m vessel Fado, which was unmanned and unlit save for the anchor light (as per regulations) in the bay crowded with some 100 yachts. An overnight search ensued, many neighbouring crew joining the effort in their tenders. After two helicopter sweeps and a 4 hr. water search the following day, the search was called off. His body is still missing. Will's family are keen to recover him. Monaco based YCO Yacht has been assisting with the search.

Superyachts Lure Billionaires With Sonic Cannons, Lasers  Bloomberg.com 01 Oct 10 Pascal Wiscour-Conter, having studied the business of superyachts for 20 years, has figured out what today’s seafaring billionaire wants most afloat. “NATO military technology integrated with NASA satellite tracking to create an invisible offensive security bubble with underwater sonic cannons and surface lasers that evaluate and take out anyone who lays siege to the vessel,” says Wiscour- Counter, chief executive officer of Equisea Yacht Management in Monte Carlo. “This gear knows the difference between a malicious scuba diver and a curious dolphin,” he says over a plate of sushi at the recent 20th Monaco Yacht Show.  A. Craig Copetas.

Flexible berths with Resaports rivieratimes.com 29 Sep 10 ‘Resaports’ allows customers to book a mooring in some 50 ports across the French and Italian Rivieras, from Cap d’Agde to Varazze near Genoa in Italy, up to three days in advance. The project was piloted in 2007 and a grant from the European Regional Development Fund has guaranteed its continuation until April 2012. There are five partner organisations, including the Chamber of Commerce in Nice which is overseeing the  financing of the project. It is hoped that this scheme will reduce the number of empty moorings in the region’s ports.

Can Megayachts Be Eco-Friendly?  wsj.com 29 Sep 10 “Ecomansions,” “carbon-neutral private jets” and “fuel-saving SUV” may sound like oxymorons, but they are becoming increasingly popular among the environment-minded rich who like their luxuries accessorized with a bit of social conscience. But a Green Megayacht? That may take some time. At the Monaco Yacht Show–the annual Yachtapalooza for the wealthy–one of the top themes was environmentally sensitive boats. The talk of the docks was “Exuma,” a newly launched, 164-foot motor yacht with an unusual, all-aluminum hull. Robert Frank.

Triumph and tragedy at the Monaco Yacht Show  boatinternational.com 28 Sep 10 Time for a round-up of the opinions of some of the major brokerage houses on last week’s Monaco Yacht Show. And the news is good – in parts. Patrick Coote, Marketing Director of Fraser Yachts, is unequivocal: “Wow, what a change from 2009, a truly upbeat and positive show with plenty of qualified buyers, serious discussions, realistic prices and positive negotiations. The real outcome will only be determined over the next few weeks but our whole team left the show on a high, enthused by the quality and quantity of enquiries. All in all, a really good show.” Malcolm MacLean.

World's Largest Solar Powered Boat To Begin World Voyage  digtriad.com 28 Sep 10 It's anchors away for what is being heralded as the world's largest solar powered boat. The state-of-the-art 60 ton catamaran 'Planet Solar' cost €10 million and was launched in Monaco on Monday. It boasts of approximately 540 square meters decked with photovoltaic modules. The vessel was the dream of the German entrepreneur Immo Stroeher and Swiss project founder, Raphael Domjan. They're taking it on a record-breaking round-the-world trip to show that solar power is a viable source of energy for transport. Kelly Heffernan-Tabor.

Les Voiles de Saint-Tropez  yachtingworld.com 28 Sep 10 The grande finale of the yachting season for classic yachts has begun, as close to 300 yachts fill the Vieux Port for the week long event. The Tradition class boats, which start racing today, don't have the stage to themselves this week. There is a impressive grand-prix fleet of 'moderns' from maxi yachts such as the Judel Vrolik 72-footer Rán, straight from a win at the Maxi Yacht Rolex Cup in Porto Cervo, the Wally class' towering 44 metre Tripp-designed Esense, to the Tofinu class, most of which at 9.5 metres are just below the official minimum length. But it is solely the Traditional class and, within this grouping, only boats 16 meters and over, that can compete for the Rolex Trophy.

Tragedy hits the Monaco Yacht Show  dockwalk.com 27 Sep 10 About 10:20 p.m. on Saturday, 25th Sept, the last day of the Monaco Yacht Show, Capt. Michael Ziems of S/Y Burrasca was onshore at a meeting with brokers. Around the same time, his bosun, William Black, was returning to the yacht on the tender, leaving the harbour for S/Y Burrasca, anchored outside the harbour walls. Suddenly his tender collides into the 31-metre sailing yacht Fado and William has disappeared. The crew of S/Y Fado are believed to have noticed something was amiss a short time later and immediately raise the alert to CROSS-Med at 10:50 p.m. explaining that they have been hit by a tender while at anchor off the coast of Monaco. Claire Griffiths.

Antibes' Yachting Financial Solutions launch Palma branch  synfo.com 27 Sep 10 Following two years consolidating their new brand and company, Yachting Financial Solutions, founders Clive and Teresa Evans announced their first Regional Partners at the Monaco Yacht Show 2010. Ross Murray (pictured) and Bridget Edwards, formerly Captain and Chief Stewardess of the charter yacht S.Y.Kalikobass will be YFSOL’s new Regional Partners - Spain based in Palma, Mallorca from October 1st 2010. YFSOL chairman Clive Evans comments “In January 2009 we transformed Clive Evans IFA, into Yachting Financial Solutions. Our long term goal was the ability to offer this service via a number of regional partners."

Bénéteau sees huge sales increase  yachtingmonthly.com 27 Sep 10 The world's biggest sailboat builder has announced 16 per cent growth in its 2009-2010 financial figures. The Bénéteau Group, owner of the Bénéteau, Jeanneau and Lagoon brands, recorded €573.7million in sales from its boatbuilding sector over the year, which ended on August 31. The performance is better than expected with the growth achieved in a global cruising boat market that is seeing little expansion. As usual Bénéteau, which also includes Prestige and Monte Carlo motoryachts and CNB superyachts, is launching several new boats at the Autumn boat shows. Andrew Brook.

Luxury yachts 'fly the green flag'  france24.com 26 Sep 10 Luxury yachts that whisk their millionaire owners or charter guests to the world's top beauty spots, guzzling gallons of fuel on the way, have long scraped the bottom of the green league tables. But as superyachts converged on the Riviera for this year's 20th Monaco Yacht Show, a small but determined minority were flying the green flag as the ever expanding fleet of mega yachts seeks to reduce its carbon footprint. Paolo Moretti, who heads the yachting division of Italy's ship certification body RINA, told AFP interest in environmental topics has spiked in the yachting sector over the last five years. AFP.

British sailor missing at Monaco yacht show  yahoo.com 26 Sep 10 Rescuers searched Monaco's harbour Sunday for a 28-year-old British sailor missing after his rubber dinghy rammed another vessel the night before, French authorities said. The sailor, part of a British crew taking part in Monaco Yacht Show, was apparently thrown off the dinghy after hitting an anchored sailing boat late Saturday and did not surface, the Mediterranean maritime authority said. The Monaco Yacht Show is a sailing showcase that attracts nearly 30,000 visitors annually. It opened on Wednesday last week and ran until Saturday. AFP.

Regates Royales Trophee Panerai : Cannes  bymnews.com 24 Sep 10 A tricky day for the 120 plus boats competing in the 32nd edition of Régates Royales-Trophée Panerai with an ever changing wind direction that made the skippers’ and the tacticians’ work hard. Yesterday’s shining sun gave way to dark grey clouds, fat raindrops and strong gusts that could but not spoil the pleasure of the thousand plus sailors competing in Cannes. Despite the light air the Committee was able to set a coastal course of around fifteen miles with the beautiful scenery of the city of Cannes and the Iles de Lerins in the background.

Monaco Yacht Show exhibitors optimistic  ibinews.com 24 Sep 10 Superyacht builders exhibiting at the Monaco Yacht Show have expressed optimism for the upcoming season, as the number of serious enquiries at the yards increased during the run up to the show. "We're discussing many projects," Marcello Maggi, joint MD at Italian shipyard ISA, told journalists. "The perception is that now is a good time to buy." "We have to forget the crazy times of 2007 and 2008," said Lamberto Tacoli, CEO of CRN, part of the Ferretti Group. The Monaco Yacht Show runs this year from Sept 22-25. Five-hundred companies are exhibiting at the show, where 100 yachts are on display, 60 of which are more than 40m (131ft).

Monaco Harbor offers second yacht show  thetriton.com 24 Sep 10 Dozens of multimillion-dollar megayachts are anchored in the harbor just outside the Monaco Yacht Show, many of them are seeing clients as if on exhibit in the show. Captains and brokers were hesitant to talk on the record about the yachts because they were unsure if it was permitted. But organizers of the Monaco show don’t seem to mind them being there, simply shrugging and suggesting that “they are allowed” to anchor. In fact, one woman with the show said it was good that all those yachts were anchored out because they likely brought more people into the show, all paying the 60-euro per person, per day ticket prices. Lucy Chabot Reed.

YPI sign Mary Jean II for charter  YPI 23 Sep 10 She has been one of the most eagerly awaited launches of the year, a new-build project managed by YPI Management, built by ISA in Ancona, Italy and successfully delivered to her owner this summer. Now, YPI Charter, the Charter Retail/Charter Marketing Division of Yachting Partners International (a part of the BRS Group) is proud to announce the Division’s appointment as Exclusive Central Agent for the charter of Mary-Jean II. Launched in May of this year, the 61.73-metre Mary-Jean II was built by International Shipyard Ancona (ISA) which was also responsible for the design, naval architecture and engineering of the yacht. Press Release.

Eutelsat and SpeedCast Further Expand Coverage of Their Maritime Broadband Service  thomasnet.com 22 Sep 10 Eutelsat Communications, and SpeedCast Limited, today announced that they have further expanded the reach of their regional maritime broadband service, with the extension of their 60 cm coverage to include the Mediterranean region. The 60 cm service is part of Eutelsat and SpeedCast's overall global maritime broadband network, which is one of the most widely deployed VSAT offerings in the world. The smaller form factor 60 cm marine antenna is ideally suited for small-to-mid-sized vessels such as yachts, fishing, and coast guard vessels, which operate along coastlines and regional waters. Press Release.

Video Merle Wood Announce new sale as the 2010 MYS gets underway  superyacttimes.com 22 Sep 10 Merle Wood’s Head of Superyacht Division, Francois van Well, has announced the sale of a new superyacht, the 61.2m superyacht Secret. Built by Feadship in 2008, Secret is a steel hulled superyacht with a sophisticated superstructure from De Voogt Naval Architects. B. Roberts.

Top yacht brokers join YCO  sharecast.com 22 Sep 10 The 20th Monaco Boat Show gets underway today and in a perfectly timed announcement, superyacht firm YCO has added three of the industry's most experienced charter brokers to its London team. The company, run by former skipper Charlie Birkett, has lured the trio from well-established brokerage house Camper & Nicholsons. Hume Jones, Nick Heming and Tamsin Priestley each brings more than 15 years of experience in charter and in the superyacht industry in general. "We're pleased that our reputation is now attracting key industry players to YCO," said co-founder Gary Wright. "Hume, Nick and Tamsin are three of the leading charter brokers in the industry."

Rodriguez Group: Coming in From the Storm  nytimes.com 21 Sep 10  In early June, a group of gatecrashers interrupted a party aboard the luxury yacht “Atlas,” berthed at Golfe-Juan. They were police officers, armed with search and arrest warrants. Acting on information gathered in a two-year investigation into allegations of money laundering and slot machine trafficking, they detained the host, Alexander Rodriguez, then chairman of the Rodriguez Group, a Cannes-based luxury yacht dealer, and some 20 guests. Mr. Rodriguez was charged with a laundering offense, harboring criminals and misuse of corporate assets. Mr. Rodriguez has since been released on bail but remains under investigation. Nazanin Lankarani.

Superyacht Aquarius for sale through Fraser Yachts  superyachttimes.com 15 Sep 10 Dennis Frederiksen of Fraser Yachts Monaco has just listed the 64.49 metre superyacht Aquarius for sale with an asking price of € 67,000,000. Motor yacht Aquarius was built by the famous Dutch Amels shipyard in 2007 as My Shanti. Both the interior and exterior of Aquarius were designed by Terence Disdale Design. With each deck dedicated to providing the maximum possible space; she sleeps comfortably 16 guests in 8 staterooms, and with the additional sofa beds and pullman beds this superyacht can accommodate 29 passengers. Merijn de Waard. Photo: Marc Paris.

YCO sails into the black  sharecost.com 14 Sep 10 Monaco-based super yacht firm YCO has brought forward its half-year results by a day following yesterday’s share price surge, announcing a move into profit at the half-year stage. The company, whose value has doubled in less than a week, posted a profit before tax of £533,000 for the six months to 30 June compared with a loss of £596,000 a year ago. Revenue rose 9% to £11.8m from £10.9m and a cost-cutting programme trimmed admin expenses by £271,000 to £3.4m. YCO’s stock can be volatile as investors bet on the next big boat deal. Brokerage and management divisions did better than expected this time thanks to improving conditions in the superyacht market.

YCO Group PLC Directorate Change  investigate.co.uk 14 Sep 10 YCO Group plc, a leading provider of specialist services to superyachts, today announces the appointment of Rishi Malliwal as an non-executive Director to the Board with effect from 22 September 2010. "We are delighted to welcome Rishi to the team and very happy to have such a talented and knowledgeable individual as a non - executive Director. He brings with him a wealth of experience in corporate law from working with a wide range of high profile businesses. We look forward to working with him."

Superyacht H2ome for sale through Fraser Yachts  superyachttimes.com 13 Sep 10 Jan-Jaap Minnema and Vassilis Fotilas of the Fraser Yachts office in Monaco have jointly listed the luxury motor yacht H2ome for sale. The 44 metre superyacht was recently completed by the MMGI shipyard in Italy with naval architecture by Navirex and exterior lines by Studio A Lab. The interior of H2ome, a villa on the sea, is also designed by Studio A Lab. Thanks to twin 1,925hp Caterpillar diesel engines and one Vericor gas turbine the superyacht can reach a top speed of 36 knots. H2ome cruises at 17 knots and she has been listed at an asking price of € 14,500,000. Merijn de Waard.

YPI announces new Head of Charter YPI 09 Sep 10 Yachting Partners International (YPI Group) is pleased to announce the appointment of Fiona Maureso as the Group’s new Head of Charter. “Fiona brings with her a deep understanding of the marketplace and a way of working we believe is key to our continued growth and success especially within our Charter Division” says Group CEO Bertrand Vogèle. A veteran of 25 years in the super yacht industry, Fiona has worked in all areas of superyachting from her time as deckhand back in 1983, to her years as a sales broker’s assistant which eventually lead her to the world of charter and a career that now spans no less than 17 years. Press Release.

16th Classic Yacht meet starts in Imperia  agi.it 08 Sep 10 Around 80 sailing boats, arrived at the new Marina of Imperia, on the occasion of the sixteenth meeting of Classic Yachts, part of the Panerai Classic Yachts Challenge 2010, an event that showcases the ancient jewels of the sea. The event, which will continue until next Sunday, was inaugurated in the presence of the Mayor of Imperia Paolo Striscino. There are four days of racing featuring vintage yachts built before 1950; classic yachts between 1950-1977 and replicas recognized by the CIM Rules 2010-2013.

Gucci to offer $750,000 luxury speedboat with Italian yacht-builder Riva  Bloomberg.com 08 Sep 10 Gucci, the Italian luxury brand owned by Paris-based PPR SA, said it will introduce made-to- order speedboats next year, with prices starting from €590,000. The vessels will be produced in partnership with yacht- builder Riva to help mark Gucci’s 90th anniversary in 2011. With a length of 33 feet, the Aquariva by Gucci has two 380-horsepower Yanmar engines with a maximum speed of 41 knots and a 150-mile range at cruising speed. The boat was unveiled at the International Cannes Boat show yesterday and will be presented on Sept. 22 during Milan fashion week, Gucci said. Andrew Roberts.

CNI sells two yachts, adds six more  thetriton.com 07 Sep 10 Camper & Nicholsons International has sold the 42m M/Y Blue Eyes in Antibes and the 30m S/Y C’est La Vie in the Unites States. The brokerage also added several yachts to its central agency listings for sale, including the 54m CRN M/Y Maraya; the 50m Benetti M/Y QM of London; the 42m Perla Del Mare, the 34m Bonita J, and the 30m Benetti M/Y Jack Blu; and the 34m Westport Symphony II. After the Monaco Yacht Show, M/Y Cloud 9 will head to Abu Dhabi for the Grand Prix before making her way to the Seychelles, Maldives and Thailand for charters.

Award winning Superyachts at the 2010 MYS  superyachts.com 06 Sep 10 The Monaco Yacht Show has always been the most prestigious and respected event in the superyacht calendar; attracting scores of world-class luxury yachts. With the event now just weeks away, we take a look at some of the finest, award winning yachts in attendance this year. With this year’s list of attending vessels comprised of superyachts such as Nazenin V, Onyx, Nero, and Lionheart set against the glittering backdrop of Port Hercules will no doubt be host to the most impressive and magnificent Monaco Yacht Show yet. B. Roberts.

Sunseeker to unveil its 40-meter flagship luxury yacht  bornrich.org 30 Aug 10 The latest from the house of Sunseeker is the 40-meter flagship yacht that will make its world debut at the PSP Southampton International Boat Show (10th - 19th September 2010). Offering accommodation for up to 12 guests and 9 crew members, the 24-knot, 40 meter flagship superyacht has a range of up to 1,500 nautical miles. The luxury yacht comes with a choice of cabin configurations, including the newly introduced automated balconies to the forward master suite and main deck. The stern of the yacht enjoys a more streamlined profile and a sharp, ocean-going bow as compared to the brand’s very popular 37-meter yacht. Superyacht Times.

Iconovista merges with Northrop & Johnson  ibinews.com 27 Aug 10 Singapore's Iconovista Yachts has announced that it is merging with international global yachting brand Northrop & Johnson. Northrop & Johnson is one of the world's oldest yacht brokerage firms, with offices in over 20 countries. Formed in 1949 out of the New York Yacht Club, the company handles yachts of all sizes with a special focus on superyachts. Iconovista has tied up with Hong Kong-based Asia Yacht Services to create the wholly owned company Northrop & Johnson Asia. The move gives the company Asia-wide coverage with brokers in Hong Kong, Singapore, Thailand, Malaysia, the Philippines and China.

China's biggest, most expensive private yacht sold  people.com.cn 26 Aug 10 China's biggest and most expensive private yacht, which is worth as high as 78 million yuan, was purchased by Wang Jianlin, the board chairman of Dalian Wanda Group Co., Ltd at the 2010 Shandong (Qingdao) International Yacht and Boat Exhibition on Aug. 24. The exclusive limited-edition yacht called "Battleship 108" has a length of 33 meters and features numerous luxury elements in its design. If you have ever watched the 007 movie "Casino Royale," you may be familiar with the yacht. The champagne lacquer finish on the yacht cost 6 million yuan and it took three months for workers to complete. Ye Xin.

Majesty 125 Superyacht Launched by Gulf Craft  superyachts.com 25 Aug 10 The new Gulf Craft superyacht model Majesty 125 has recently been launched and after successfully completing her sea trials and is heading for the Cannes and Monaco Yacht Show. The new triple-deck Majesty 125 has completed her sea-trials and commissioning and will soon make its global debut at the Cannes International Boat and Yacht Show in September before heading toward the industry renowned Monaco Yacht Show shortly after. Also featuring at the Genoa Boat Show, the Majesty 125 superyacht is powered by two 2,400 HP MTU engines offering a fantastic performance without any sacrifice to comfort whilst onboard. B. Roberts.

Feadship makes debut at Cannes boat show  superyachttimes.com 24 Aug 10 Feadship has announced that it will be attending the Cannes International Yacht and Boat Show for the first time. The world’s leading luxury motoryacht builder will feature one of its latest launches, the 39-meter Go. After wowing the crowds in Cannes from 8 to 13 September, Go will then join other larger yachts in the Feadship fleet at the Monaco show. The third yacht in Feadship’s pioneering SL39 modular concept, Go is every inch a customized superyacht above the waterline. Her archetypal Feadship exterior profile has been designed by De Voogt Naval Architects, while the relatively modern interior comes from FPA Architects. Press Release.

Tax cheats as sailboat owners become $13 billion Italy dragnet  washingtonpost.com 23 Aug 10 Mario Calabrese fumes as he stands near his 10-meter sailboat docked at the Rome Harbor where, days earlier, 20 inspectors swept through the port searching for well-heeled tax cheats. The raid was part of a summer crackdown at beaches, yacht clubs and discos from Venice to Sicily in a campaign to recoup 10 billion euros in unpaid taxes this year. Prime Minister Silvio Berlusconi's government is hunting black economy revenue to tame its budget deficit and pare Europe's biggest debt burden of 116 percent of GDP. Sonia Sirletti and Jeffrey Donovan / Bloomberg News.

Sensation Yachts trial set for November  tradeonlytoday.com 23 Aug 10 A Nov. 1 trial date was set to sort out the remaining property - including three half-finished megayachts - at Sensation Yachts' New Zealand headquarters. Banker HSBC wants to sell the boatyard to recover millions of dollars it is owed, but can't do so without removing the chattels, according to a report from Business Day. Ivan Erceg formerly headed Sensation Yachts, which is in receivership and liquidation. Erceg filed an appeal after being declared bankrupt in February. He is said to be living in the south of France.

Fraser Yachts sells M/Y Phocea  thetriton.com 23 Aug 10 Fraser Yachts has sold its central listing S/Y Phocea, a 246-foot (75m) Arsenal by broker Jürgen Koch of Palma. New central listings include M/Y Ariela, a 129-foot (39.6m) CRN Ancona by Jan Jaap Minnema of Monaco; M/Y Serque, a 130-foot (39.6m) custom yacht by John Weller of Ft. Lauderdale; M/Y Printemps, a 112-foot (34m) Heesen by Antoine Larricq of Monaco; and M/Y Diamante, a 92-foot (28m) Paragon by Weller. New central listings for charter include M/Y Sojourn, a 130-foot (37m) Gambol Industries in the Pacific Northwest, and M/Y Beyond, a 110-foot (31m) Inace in the Caribbean and Panama.

Icon Yachts Reveal New 53m Design at the Monaco Yacht Show  superyachts.com 23 Aug 10 Icon Yachts have announced they will reveal their new 53m Technical Platform Design at the Monaco Yacht Show this September. Icon Yachts and Redman Whitley Dixon have formulated a 53m five-deck design founded on the repeat success of the Icon 62m concept. Charged with a dynamic exterior styling and modern, sleek lines, the design is set apart from the others with a distinct window recess which stretches far forward into the hull sides. With full height glass sides in her luxury decks, the Icon 53m superyacht features light filled interiors and a distinguishing full beam owners suite on the main deck.

Tide yet to turn for Chinese yachting  en.ce.cn 21 Aug 10 Dong Yongquan has been under intense pressure ever since the Beijing Olympic Games ended in 2008. As the president of Qingdao International Yacht Club, he is running the 15.5-hectare harbor built for Olympic yachting events - and is supposed to turn a profit. "The harbor is eating up 50,000 yuan (about $7,350) every day in maintenance costs and if I don't attract enough members, I can lose millions every year," Dong said. Only about 300 yachts - powerboats and sailboats - are anchored in the 700-berth harbor. Dong has a problem other maritime clubs in China face: not enough rich people going into leisure yachting, although money is not an issue. China Daily.

Kiwi-Dutch teen's controversial sail begins  nzherald.co.nz 21 Aug 10 A 14-year-old New Zealand-born Dutch girl will set off today on a controversial attempt to become the youngest person to sail solo around the world, her representatives said. Laura Dekker's ambition of completing the year-long trip has fuelled a global debate over the wisdom of allowing young sailors to take on the tremendous risks of sailing the high seas alone. The girl who grew up on a sailboat faces a host of challenges - including favourable winds to send her across the Atlantic Ocean from her jumping off point in a marina in the resort city of Portimao at the southwestern tip of Portugal. AP.

Esimit Europa 2 breaks Palermo-Monte Carlo record  sail-world.com 20 Aug 10 Esimit Europa 2 made another magnificent victory for Europe today when Igor Simcic’s 100 foot maxi yacht was the first to cross the finish line in Monte Carlo, taking line honours in the Palermo-Monte Carlo Race. The crew onboard Esimit Europa 2 completed the 500 nautical mile course in 2 days 52 minutes, marking the second significant victory for the European team led by Skipper Flavio Favini. Over the last two days, the team faced a full range of unpredictable conditions in this long offshore race but showed their true skills and broke the course record by 3 hours 19 minutes. Gorazd Mauri.

Rodriguez Group has its head out of water  investor.fr 18 Aug 10 Rodriguez Group, the luxury yacht manufacturer has managed to temporarily forget financial difficulties and legal disputes. But the road will be long before this renewed confidence is sustainable, as its financial situation remains precarious. Shares in Rodriguez gained 87% Tuesday after the publication of quarterly revenues up 18% and the hopes of a "modest recovery" in the market for luxury yachting. On Wednesday, the stock surrendered some of its gains as a result of profit taking, closing down 12.6%. In two sessions, the increase is still almost 64%. In June, its chief executive, Alexander Rodriguez, was indicted for money laundering and conspiracy. Dow Jones.

ISS & PYA meeting of the Associations Monaco 2010  bymnews.com 13 Aug 10 The International Superyacht Society (ISS) and Professional Yachtsmen’s Association (PYA) are co-hosting one of the must do events during the Monaca Yacht Show. The Meeting of the Associations, again being held at the prestigious Yacht Club de Monaco on Wednesday 22 September 2010 from 17.00-20.00 hrs. The event, now in its fourth year, is one of the Monaco Yacht Show’s greatest opportunities to network and to enjoy food and wine in a breathtaking environment. Made possible entirely by the support of PYA and ISS, this year’s supporters include some of the most recognizable brands in the large yacht industry: BlackStar, DuPont, Global Marine Communications (GMC) and Viking Recruitment. Press Release.

YPI Bring Mega-Yachts to Monaco and Cannes  superyachttimes.com 12 Aug 10 Yachting Partners International (the YPI Group) has released the names of many of the yachts the Group will be showing at this year’s Cannes and Monaco Yacht Shows. “We are working with some simply stunning yachts this year,” says Bertrand Vogèle, YPI Group CEO, “many of which have already attracted a great deal of interest - good news for our industry and our clients.”  YPI Senior Yachting Consultant, Eric Althaus comments, “The Monaco and Cannes Shows are two examples where our clients get to see some of the very best products and services available on the market today all in one place - whether they are buying, selling or building.” Press Release.

Luxury boat to go on show in Cannes  thisisplymouth.co.uk 12 Aug 10 A luxury Plymouth boatbuilder is preparing to show off its latest superyacht as part of its biggest international exhibition to date. Princess Yachts will be putting eleven boats on display at next month's Cannes International Boat and Yacht Show. Among them will be the brand new Princess V52, a 54ft sports yacht the company is describing as an "evolution" in its range. The city-based firm, which is one Plymouth's biggest employers with more than 2,000 staff, had to make redundancies in early 2009. But it rode out the economic storm and ended up posting increased turnover last year by targeting emerging markets in regions such as the Far East.

Feadship Launches Largest Yacht Ever - For Paul Allen?  Luxist.com 10 Aug 10 Dutch shipyard Feadship builds some of the world's most coveted superyachts; in addition to Russian oligarch Roman Abramovich's Ecstesea, the likes of Malcolm Forbes, Paul Allen and King Khalid of Saudi Arabia all commissioned luxurious vessels from them. Now the shipyard has launched its newest, largest and most expensive superyacht ever, the 288-ft. Musashi built for an unnamed billionaire, leading to speculation that one of the boldfaced names on its client roster decided it was time for an upgrade. Our money is on Paul Allen, who recently listed his 303-ft. superyacht Tatoosh for sale at $160 million. Jared Paul Stern.

Classic Yachts Battle It Out at Panerai Regatta in Antibes  luxist.com 06 Aug 10 The first Mediterranean leg of the Panerai Classic Yachts Challenge 2010 sponsored by the luxe Italian watch brand is now complete with an impressive showing amongst the elegant craft. The yachts Mariska, an auric cutter from 1908; Rowdy, a Marconi cutter from 1916; and Chaplin, a 16-metre Italian Navy vessel built in 1974, won in the "Big Boats", "Vintage" and "Classic" categories respectively during the race days at the famous French resort of Antibes on the Cote d'Azur. In total 51 boats split into seven categories participated in the event which was organized by the Yacht Club d'Antibes and the Club Nautique d'Antibes. Jared Paul Stern.

14-year-old Dutch sailor girl heads out to sea  Associated Press 04 Aug 10 14 year-old Laura Dekker hopped onto her boat Wednesday and sailed off from the Netherlands hoping to become the youngest person to make a solo voyage around the world. About 100 supporters waved as Laura and her father Dick Dekker left the southern Dutch harbor of Den Osse in her 11.5m yacht Guppy, bound for Portugal where she plans to leave her father and begin her circumnavigation attempt. Last week, Laura won a legal battle when a court released her from the guardianship of Dutch child protection agencies. They had blocked her initial plan to depart at age 13 over fears for her safety and psychological health. Toby Sterling.

Monte Carlo Yachts unveils 76ft yacht  ibinews.com 02 Aug 10 Monte Carlo Yachts, the Italian yacht brand belonging to France's Groupe Bénéteau, has revealed its first model, the MCY 76. The completed MCY 76 was presented to the press at an event in Venice, Italy. The Nuvolari and Lenard-designed 23m (76ft) luxury yacht is the culmination of two years' of development at Monte Carlo Yachts' Monfalcone plant in northeast Italy. Monte Carlo Yachts worked with Italian propulsion specialist ZF Marine and Slovenian marine engineering firm Seaway to create the MCY 76.

Billionaire vows to complete Montenegro marina  forexyard.com 02 Aug 10 One of the most prominent foreign investors in Montenegro, Barrick Gold's founder Peter Munk said on Monday he will continue to spend as much as is needed to complete a major yachting marina here. Once the fastest growing corner of the emerging Balkans, Montenegro has suffered a significant slowdown in foreign investment in the past two years as bank financing dried up and the appetite for risk reduced dramatically. Yet Munk's gold business has boomed during the crisis, giving him ample resources to invest in Porto Montenegro, located in Tivat Bay along Montenegro's Adriatic coastline. Adam Tanner / Reuters.

Yacht company delight at factory approval  thisisplymouth.co.uk 02 Aug 10 The managing director of Princess Yachts says he is "over the moon" after the council granted planning permission for a giant new factory in Devonport. Chris Gates said the company was now involved in "serious negotiations" with the Ministry of Defence to acquire the freehold on the site in the South Yard, one of two prerequisites before work on the £45million factory starts. Mr Gates revealed that one of the £12 million plus boats has already been sold as an advance order, highlighting the importance of getting planning permission.

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