The 12th edition of the Loro Piana Superyacht Regatta, organised by the Yacht Club Costa Smeralda (YCCS) with title sponsor Loro Piana, is scheduled to take place in Porto Cervo from the 3rd to the 8th of June, 2019 and is set to be more competitive than ever with 24 superyachts already pre-enrolled. Owners who wish to join the fleet, including simply for the Rendez-vous aspect without competing, have to register until the 2nd of May.
The 2019 edition of the Regatta will feature two important novelties: an extended duration, with an extra day to hold a cancelled racing if that happens, and the fact that multihulls of over 50 feet can now participate. With three multihulls already enrolled, Ad Maiora, Dragon and R-Six, they will race in their own category alongside any other multihull vessels that may register.
The largest yacht enrolled so far is Q, built by Alloy Yachts to a design by Ed Dubois and measuring 51.7 metres. Just two metres behind her, a 49.8-metre Perini Navi Silencio, returns to the Costa Smeralda after winning in its class at the Perini Navi Cup in 2018. Another returning winner is the 39.6-metre Baltic 130' My Song, owned by YCCS member Pier Luigi Loro Piana which won the Loro Piana Superyacht Regatta last year and was recently declared Boat of the Year at the Italian Sailling Federation's Sailor of the Year awards.
The Southern Wind Rendezvous and Trophy returns to Porto Cervo for its 14th edition with a fleet of 10 boats currently pre-enrolled. Kiboko Tres will be making her debut in June. The yacht represents the second unit of the new 32-metre model, launched in October 2018 and now in the Mediterranean after completing the transatlantic journey from Cape Town where she was built.
The SW-RP90 All Smoke, designed by Reichel/Pugh and Nauta Design, will also make its regatta debut. The current holder of the trophy, the SW102 Seawave will fight to retain the title, while the SW82 Grande Orazio owned by YCCS member Massimiliano Florio, will compete on a level playing field with her sister ship Ammonite, returning from the Southeast Asia for the occasion.
A new trophy will be presented by the YCCS Commodore Riccardo Bonadeo and Pier Luigi Loro Piana personally, and will be dedicated to the memory of the engineer Willy Persico, a YCCS member and the father of all Southern Wind yachts.
Among the regular competitors in Porto Cervo will be the Wallycento Magic Carpet 3 owned by Sir Lindsay Owen Jones, the Wally 106' Open Season owned by Thomas Bscher and the Wally 94' Magic Blue owned by Antonio Cacace. All of the aforementioned are owned by YCCS members, and members Paola and Salvatore Trifirò, owners of the multi award winning Ribelle, an innovative design by Malcom McKeon, are also ready to do battle at the Loro Piana Superyacht Regatta.
It is worth mentioning that the event is not only about racing however; once back on dry land owners and their crews will enjoy, as always, a rich social programme.
Photos via YCCS.
Jaime Botin, part of the Satander banking dynasty, had been caught transporting a Picasso painting on his 67-meter sailing yacht Adix back in 2015. Now Madrid courts have fined the Spanish billionaire for €52.4 million and sentenced him to 18 months in prison.Botin, an active art collector, purchased Picasso's "Head of a Young Woman" painting back in 1977 for his collection. In February 2013, he tried to sell the painting at a Christies' auction in London but the art work couldn't leave Spain at their culture ministry's decision.Spain has some of the strictest laws when it comes to national heritage. According to them, any work of art over 100 years old that is considered culturally important in the view of their culture ministry can be deemed a national treasure, requiring its owner to get a permit in order to transport it out of Spain. Botin's permit was denied back in 2012.In 2015, Botin, according to Bloomberg, had his driver transport the painting from his Madrid home to Valencia where his 67-meter sailing yacht Adix was docked. When setting sail in June 2015, her captain didn't include the artwork on the list of onboard items. Soon after it set sail for Corsica, from where Botin had chartered a jet to ferry it to Geneva where he intended to keep it according to the publication.Tipped off that Botin's permit for the export of the Picasso hadn't gone through earlier, they inspected the yacht and found the painting in the captain's cabin.Adix itself is currently in Australia, finishing up her refit programme at the yard Brisbane. The yacht is set to remain in the South Pacific up to the America's Cup in Auckland in 2021. The painting found onboard the yacht in 2015 had an estimated value of $27 million, with experts saying it could now be even more. It has since become the property of the Spanish State.With a net worth valued by Forbes at $1.7 billion, Jaime Botin is the largest shareholder of Spanish bank Bankinter and a member of Spain's most prominent banking families. His great grandfather had founded Spain's largest bank, Santander.
January 18, 2020
Richard Matthews, original founder of Oyster Yachts, has returned to its board as a non-executive director. This follows Richard Hadida buying the company in 2018. Matthews had founded the sailing yacht manufacturer back in 1973.Oyster Yachts built its first 32ft sailing boat in 1973. From there it gradually extended its range of sailing yachts finding its sweet spot in 56ft to 125ft units designed by Robert Humphreys. In 2008 the company was sold to private equity firm Balmoral Capital for £70 million, before the firm disposed of it to HTP Investments for £15 million in 2012.Following a failure of the internal hull structure on Polina Star III, an Oyster 825 model, which led to the yacht sinking in 2015. This led to a recall of 4 other units and a dent in the builder's cash flow despite a £83 million order book in 2017. The following year, the company went into administration, before being purchased by Richard Hadida.Hadida is mostly known for founding Evolution Gaming, a company that powers most online casino games and currently trades on the Swedish stock market with a market cap of near €5 billion. His fried, yacht owner and automotive mogul Eddie Jordan was formerly also involved in the takeover bid with Oyster but later backed out."It is hugely important to me personally that the founder of the brand [Richard Matthews] I hold so close to my heart has given it his seal of approval by joining our board." Hadida explained. "Having restored the company to its former glory with the support of a fantastic team – from talented craftsmen to dedicated management – this feels like confirmation that Oyster is once again synonymous with quality and excellence, just as it was when Richard founded it back in 1973".
January 18, 2020
Turkish shipyard Numarine has announced the sale of 5 yachts from its XP series, bringing the total in the series up to 10. Four of these will be 26-meters in length and one 32-meters."These achievements indicate the relevance and popularity of the series" commented Numarine founder Omer Malaz. "We are very pleased that five more international customers will be able to experience what high quality and impeccable Numarine style are."All built on the same platform with identical layouts, the four 26XP yachts will feature a spacious flybridge, a main salon on the main deck and 4 guest cabins on the lower deck. Interior designs and finishes will be customised to the owner's tastes.The only substantial difference between the units will be the hulls, with one of them being semi-displacement with MAN engines of 1,200hp each, whilst the remaining ones will be displacement units with engines of 560-800hp each also manufactured by MAN.The 26XP and 32XP series were both designed by Can Yalman with naval architecture by Umberto Tagliavini. The Numarine 32XP model was being marketed at just under €9.3 million whilst the 26XP was asking just over €3.8 million.
January 17, 2020
Italian shipyard Sanlorenzo has confirmed the launched of its 4th 52-meter yacht, Lady Lena. Purchased by her Russian owner in 2018, she is set to be delivered in late 2020. Another four units of the Steel 52 series are currently under construction at the yard.Coming in at 499 gross tons, the 52 Steel was formerly the flagship series of Sanlorenzo before the introduction of larger models to the mix. Designed by Mauro Micheli from Officina Italiana Design, the first unit launched was Seven Sins.Amongst Lady Lena key features, similarly to her sisterships, is a 94-square-meter beach club which features two fold-out platforms on both sides of the yacht. A lounge area is located directly underneath a pool with a glass bottom aft of the main deck. Sistership Seven SinsPowered by twin Caterpillar engines, Lady Lena will reach a top speed of 17 knots and cruise at 15 knots. At an economical speed of 11 knots, she will be able to cross the Atlantic with a 4,000 nm max range.One of the world's largest yacht shipyards, Sanlorenzo went public in December 2019 at a market cap of just over €550 million on the Italian stock exchange. In 2018, the group posted revenues of €327 million, a third of which came from its superyacht division.
January 17, 2020
In November 2019, Italian superyacht manufacturer Cantiere delle Marche has announced the recent sale of a 35-meter explorer superyacht. The Second 35 Meter Explorer Superyacht MG115 was sold to an Asian owner on December 24th.The project has a naval architecture, which was developed on its own in collaboration with long-time partner Cantiere delle Marche Hydro Tec, and has the exterior design of the famous Florentine designer Francesco Pashkovsky. All models in the MG line have similar styles that are characterized by bold masculine lines that have become associated with vessels that fall under the designation "explorer."Designed to travel to the most remote and secluded areas of the globe, the MG 115 is an elegant yet robust, reliable, environmentally friendly long range research vessel.Despite the fact that the MG115 is relatively compact, it is able to accommodate the spaces and luxurious amenities that can be expected from a large yacht. “We don’t produce ‘white yachts’ that look like explores just to follow a trend,” says Buonpensiere. “Throughout the years, we have showed the market that we are able to build true explorers that have both elegance and style of a white yacht. The solutions we have fielded to make the MG line meet all these requirements are once again driving CdM’s explorer yachts forward.”The yacht, located on four decks, will have a steel hull and an aluminum superstructure with spacious recreation areas, recreation and dining areas.The vessel will accommodate up to 10 guests, which will be served by six crew members. Accommodation on board a ship with full displacement in five suits; two VIPs and two twins on the lower deck and a master suite in front of the main deck. In accordance with modern trends, special emphasis was placed on large windows, natural light, outdoor areas and proximity to the ocean. However, only limited parts are available at this stage.Two 533 kW engines each provide a maximum speed of 13.5 knots and a flight range of more than 5000 nautical miles.
January 13, 2020