With the recent loss of the 40-metre sailing superyacht My Song that has created a buzz in the media, Yacht Harbour takes a look over some of the major accidents resulting in superyachts destructions in the recent years.
In September 2018, a large fire broke out at Lürssen's Bremen shipyard in a floating dock and building unit where the over-100-metre yacht was under construction. Various social media posts pointed out the damaged new build, 3 decks of which at least have caught on fire, to be the 146-metre Project Sassi, which was reportedly due for delivery within several months.
Over 110 firefighters were dispatched to the site, no one was injured during the incident but the new build reportedly took serious damage. The development was further set to hit the insurance sector with a group of marine insurers that could be facing a payment of up to €590 million over the fire.
In November 2018, coasts of Italy have been pounded by the waves of extreme weather, causing violent waves up to 10 metres and winds up to 180 km/h, breaking a lot of luxury yachts from their berths in Rapallo and killing at least 11 people. Local media described the landscape around the port of Rapallo as an apocalyptic.
Marina's director told there were 390 yachts in the marina, with the half of them destroyed. There was storm barrier for 300 metres, rebuilt after the collapse in 2000, but it wasn't enough for such an extreme event. City of Venice is reported to be 75% submerged. Among others, the yacht of Silvio Berlusconi was also damaged in disaster.
In October 2018, a major fire broke out on board the 42 metre Benetti superyacht Lalibela built in 1972. The yacht was heavily damaged due to fire, which broke out at the night while she was docked near Cannes, France. The fire destroyed the top deck and cabins inside, reports Maritime Bulletin.
Firefighters were called to the yacht, and worked for over 12 hours to extinguish the fire. The blaze was reported to have destroyed the top deck and cabins inside. Luckily, the two people on board at the time the fire broke out were safely evacuated.
In September 2018, he newly delivered CCN superyacht Kanga caught devastating fire, just days before her expected debut at the Cannes Yachting Festival. Kanga was heavily damaged, with the extent of the damage still unknown.
The 40-metre superyacht caught fire while being between the isles of Olipa and Mali Vratnik in Croatia. All thirteen people - 9 guests and 4 crew members were successfully rescued from the vessel.
The biggest superyacht disaster of 2017, a category 4 Hurricane Irma caused severe damage to the Caribbean and Florida region. Yachts based in the region and moored in local marinas were also amongst the infrastructure ravaged in the area. Barbuda and St Maarten were among the worst affected areas, with multiple fatalities and declaring a state of emergency.
With strong winds slamming yachts onto decks, snapping mooring lines and simply damaging some areas of yachts by themselves. Several yachts were reported destroyed, including the 40 metre Mondomarine superyacht Sierra Romeo, Benetti Delfino 93 and the 112 Westport, Pipe Dreams, built in 1999 by the American shipyard.
In the months since, the superyacht community has come together to support Caribbean welfare and rebuilding efforts but it will be many months before the damage is fully repaired.
In January 2016, a major yacht fire broke out at Marmaris marina devastating two prominent superyachts. The blaze was understood to originate on-board the 70.68-metre Lürssen yacht The One, further spreading to a neighbouring vessel, the 52-metre Al Jadaf superyacht Barbie. Other yachts stationed in the harbor have left the harbor to escape the fire.
London-based insurance firm Hiscox MGA later announced that Lloyd’s insurers had paid out $20 million to the owner of Barbie. Paul Miller, director of marine underwriting, said it was the largest superyacht claim that the insurance industry had dealt with in a long time.
In August 2015, shocking pictures of a superyacht sinking off of Mykonos, Greece rocked the web. The clarity of the water gave an unusually up-close glimpse at this sinking yacht, showing ever detail of the 33 metre yacht Aloha's demise.
The yacht represented Navetta 33 custom line. According to the Mykonos Daily, the yacht hit a reef. Fortunately, the four guests on board when the Aloha grounded were able to escape unharmed.
Northrop & Johnson has facilitated the sale of the 54-meter Benetti motor yacht Starfire, represented by broker Carl Sputh. Built in 1997, the steel-and-aluminum vessel has undergone two major refits (2019 and 2023) that included mechanical updates and interior renovations.The yacht accommodates 14 guests across six staterooms with crew quarters for 14 personnel. Recent upgrades comprised a 12,000-hour engine service, new stabilization systems, updated technology infrastructure, and refreshed interior finishes. Starfire maintains Lloyd's classification certification following its most recent special survey.Performance specifications include a 12-knot cruising speed and 15-knot maximum speed with fuel consumption of 64 gallons per hour. The vessel's design emphasizes crew functionality with dedicated workspaces and separate lounge/dining areas.The Starfire transaction represents continued activity in the secondary market for well-maintained superyachts with recent refit histories. Northrop & Johnson's involvement underscores the brokerage's presence in the 50-60 meter segment. Both yachts demonstrate the enduring value of robust engineering and periodic upgrades in maintaining vessel competitiveness across decades of service.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Northrop & Johnson
August 13, 2025
The Italian Sea Group (TISG) has reported decreased financial performance for the first half of 2025, citing geopolitical tensions and economic uncertainty. Revenue declined 1.4% year-on-year to €186.8 million, while net profit fell 58% to €12.2 million, partly due to the absence of a capital gain from the 2024 Viareggio shipyard sale.CEO Giovanni Costantino attributed the results to "ongoing geopolitical and economic tensions," specifically noting U.S. protectionist policies as contributing factors. The company maintains an order backlog of €1.19 billion as of June 30, 2025, slightly down from €1.24 billion at year-end 2024.Key financial metrics include:EBITDA of €30.4 million (16.3% margin), down 6.3%EBIT of €25.6 million (13.7% margin), down 4.5%Net debt position of €63.2 millionThe group delivered four yachts during the period - three Admiral models (55m, 66m, 78m) and one 60m Perini Navi. Shipbuilding revenues increased 3% to €172.6 million, while refit revenues declined 52% to €10.9 million as the company prioritized new construction.TISG has revised full-year 2025 guidance, now projecting revenue between €350-370 million (down from €410-430 million) and EBITDA margin of 16.5-17.0% (previously 17.5-18.0%). The company secured €115 million in new long-term financing during the period to support operations.Upcoming projects include the debut of several flagship models at Monaco Yacht Show 2025, including the 72m Admiral Giorgio Armani and 60m Perini Navi sailing yacht. The group continues developing strategic partnerships with Armani and Lamborghini to strengthen its ultra-luxury positioning."Despite current challenges, we remain confident in our ability to finalize ongoing negotiations by year-end," stated Costantino. "Our design excellence and customized approach continue to differentiate our brands in the global market."The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters. Credit: The Italian Sea Group
August 13, 2025
The 40.6-meter explorer yacht ZeXplorer has been sold and renamed Arya in a transaction facilitated by Fraser Yachts. Marco Fodale of Fraser Monaco introduced the buyer, while Antoine X. Larricq from Fraser Monaco and George Bourgoignie from Fraser USA represented the seller in the deal.Originally built in 2013 by Newcastle Shipyards in Florida, the steel/aluminum expedition vessel underwent extensive refits between 2020-2023 that included a hull extension and complete mechanical system overhaul. The ice-classified yacht features exterior design by Sparkman & Stephens and interior styling by Oversee Yachts, with naval architecture developed through collaboration between Sparkman & Stephens and Boksa Marine Design.The 430 GT vessel accommodates 12 guests across six staterooms, including a full-beam master suite on the lower deck and a VIP stateroom on the bridge deck. Interior designer Christina Norris completed a comprehensive redecorating project in 2022, incorporating rich mahogany wood panels, white headliners, and light wool carpets over black oak floors. Large stormproof windows throughout provide abundant natural light in the main salon, dining area, and lower deck spaces.Recent technical upgrades included installation of new propulsion systems and modernized operational equipment, along with updated entertainment systems throughout the yacht. The refit also added Quantum zero speed stabilizers to ensure comfortable cruising in various sea conditions.Power comes from twin Caterpillar C32 engines that deliver a cruising speed of 10.5 knots and maximum speed of 13.5 knots. The yacht's robust construction includes an ice-strengthened steel hull designed for worldwide operation in all latitudes.Outdoor amenities feature multiple deck areas including an aft deck lounge, sun deck with hot tub and bar, and an expansive tender storage area capable of accommodating two 8-meter tenders plus additional water toys. The bridge deck includes a skylounge and dedicated fitness area.The vessel was listed at $10 million at the time of sale.Credits: Fraser
August 13, 2025
Lürssen has launched the 114-meter megayacht Cosmos, a hybrid vessel equipped with two 500 kW methanol fuel cells that enable emissions-free cruising for extended periods. The yacht, introduced as part of the company’s 150th anniversary, can travel up to 1,000 nautical miles on electricity alone and remain at anchor with zero emissions for up to 15 days.Commissioned by an undisclosed owner, Cosmos features an all-steel hull reinforced to Ice Class 1D, allowing navigation in polar waters as well as across all major oceans. Alongside its methanol-based hydrogen power system, the yacht is fitted with diesel generators, engines, and tanks to allow conventional propulsion for higher speeds.Designed inside and out by Marc Newson, the vessel has a beam of 18 metres (59 feet), a gross tonnage of 6,300, and spans six decks. The design incorporates extensive use of glass, including a custom-engineered glass-domed owner’s study offering 360-degree views, a surrounding sky terrace, and an observation lounge located beneath the helipad.Outdoor amenities include a main deck with a swimming pool, Jacuzzi, seating areas, and an aft dry dock for tender operations. The combination of ice-class construction, hybrid propulsion, and large-scale glazing represents Lürssen’s latest application of advanced engineering to meet evolving environmental and design goals.Credits: Lürssen
August 12, 2025
The NOA 46, a 46-meter motor yacht built by The Yacht Factory in Yalova, Turkey, will be presented for the first time at the Cannes Yachting Festival from 9 to 14 September. Ocean Independence has been appointed as Central Agent for the vessel.Designed by Hot Lab Yacht Design, the yacht is intended for long-range cruising and features a steel hull, aluminium superstructure, and compliance with RINA and MCA classifications. Accommodation is arranged for ten guests in five staterooms. The main salon connects directly to an al fresco lounge area with a large jacuzzi, while the sundeck includes a DJ booth, bar, and gym area.The interior uses predominantly brown and beige tones, with large windows providing natural light throughout. Power comes from twin MAN 1,450HP engines meeting IMO Tier III standards, giving a range of 4,000 nautical miles at 10 knots, a cruising speed of 13 knots, and a top speed of 15.7 knots. ABT TRAC fin stabilisers are fitted for stability underway and at anchor, and the yacht is equipped with Simrad navigation systems.The Yacht Factory operates on a 200,000-square-meter site with facilities including a floating dock for large yachts and a travel lift with an 800-ton capacity.Credits: Ocean Independence
August 12, 2025