yacht News

Missing Yacht with 3 Russians, 2 Egyptians Reaches Safety

DUBAI, United Arab Emirates (AP) – A missing yacht with three Russians and two Egyptians onboard reached safety in Djibouti in east Africa on Thursday, after going missing for days following an attack off the coast of Yemen, its owner …

Daniel Loeb’s Yacht Damages Belize Coral Reef

A luxury yacht owned by hedge fund manager Daniel Loeb damaged a pristine reef atoll in Belize near the famous Great Blue Hole, a popular diving site. The 200-foot (61 meter) Samadhi, owned by Third Point founder Loeb, was filmed …

Judge Refuses to Dismiss Lawsuit Against Firm Fingered in 3 Boat Fires

Three times in the past four years, a small boat accessory company has had to defend itself against claims that its negligence while installing equipment caused boats to catch fire. Last week, a federal court in Orlando ruled that the …

Superyachts Betray Where Billionaires Are Spending Christmas

It’s the holiday season, time for Roman Abramovich and other billionaires to celebrate in the Caribbean aboard some of the world’s largest yachts. The Chelsea F.C. owner’s Eclipse is currently in St. Maarten along with more than 50 other superyachts. …

Owner’s Latest Claim for Damaged Yacht Hits Shoal in Federal Appellate Court

James Shackleford paid $120,000 for a 65-foot sailboat in 2009, hoping to fix up the vessel and one day sail around the globe. That voyage never happened. Instead, the yacht that Shackleford christened Sea the World was struck by lightning. …

Dutch Art Sleuth Recovers Picasso Stolen 20 Years Ago

About the photo: This image released on Tuesday shows Dutch art detective Arthur Brand with “Buste de Femme”, a recovered Picasso painting. (Arthur Brand via AP) AMSTERDAM — A Dutch art detective said Tuesday that he has recovered a valuable …

Danes Held Hostage in Somalia Back in Denmark

A Danish yachting family released after being held captive for more than six months by Somali pirates have returned to Denmark. Jacob Bendner of the insurance company that organized the return trip says the family of five and the two …