Superyacht sinks off Greece - SailNet Community
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post #1 of 31 Old 02-23-2012 Thread Starter
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Superyacht sinks off Greece

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Some billionaire just had a really bad day.

The Proteksan-Turquoise designed and built superyacht, YOGI, sank this morning off the coast Skyros, a small Greek island located in Aegean Sea.

The 60.2m superyacht, which has only been up for charter since the summer of 2011, was reportedly in the area for “minor warranty” work when it suffered a mechanical failure, began to list, and eventually sank. Luckily the Hellenic Coast Guard was on scene with a Super Puma helicopter and was able to get everyone off safely.

YOGI featured accommodation for 12 guests in 6 cabins (5 double, 1 twin), and a large main deck master suite with lounge/day area, office area, dressing room and his and hers en suite bathrooms. Amongst her many features were a large jacuzzi on the sun deck, a temperature regulated swimming pool with a skylight to the beach club below on the aft deck, two beach clubs, a massage room, a multimedia play lounge and a sun deck Teppanyaki bar.

The superyacht was available for charter through the superyacht charter company Burgess with rates of $469,000 to$497,000 per week.

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post #2 of 31 Old 02-23-2012
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I've said this before and fully understand the tax ruse. However, it always makes me feel like anyone that with a mega yacht and charters it out, can't actually afford it.

I get the tax deduction and depreciation, which is significant money. I also get that those deductions are available to the rich to encourage them to buy these yachts with their disposable income and keep thousands employees in the marine business. Imagine the cost to keep this boat for one night at your favorite expensive marina?

Still, it seems cheap to have to say it is for rent.


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post #3 of 31 Old 02-23-2012
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Dang, I hope I get my deposit back.... I had it booked first week of July...

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post #4 of 31 Old 02-23-2012
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Quote:
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it suffered a mechanical failure, began to list, and eventually sank.
What kind of mechanical failure takes down a ship that size?

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post #5 of 31 Old 02-23-2012
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If you only get to sail two weeks a year - and lots of folks can only do that - how do you make the yacht self-supporting? You rent it out the other 50 weeks a year. If you only want it for the Cannes film festival or something - it is NOT your home the way SN folk think of their sailboats - renting it out is not being cheap. And it is how the rich get and stay rich. Make everything a profit center. Hope that baby was insured.
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post #6 of 31 Old 02-23-2012
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post #7 of 31 Old 02-23-2012
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Quote:
Originally Posted by Minnewaska View Post
I've said this before and fully understand the tax ruse. However, it always makes me feel like anyone that with a mega yacht and charters it out, can't actually afford it.

I get the tax deduction and depreciation, which is significant money. I also get that those deductions are available to the rich to encourage them to buy these yachts with their disposable income and keep thousands employees in the marine business. Imagine the cost to keep this boat for one night at your favorite expensive marina?

Still, it seems cheap to have to say it is for rent.
And that's why you don't own a mega yacht...or a chopper...or a jet...or an island (at least I think you don't )

And if you have 10 - 20 million to spare I can show you how to travel the world from casino to casino and never lose a dime (and no it's not about money management or card counting, etc. it's about cash incentives, comps, and loss discounts).
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post #8 of 31 Old 02-23-2012
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Quote:
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Some billionaire just had a really bad day.
I tried to feel bad for them....but I failed.


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post #9 of 31 Old 02-23-2012
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So who owns it?

Edit - it appears it was built to charter...

Here's another story...
http://www.boatinternational.com/201...peryacht-yogi/

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Last edited by LandLocked66c; 02-23-2012 at 11:51 AM.
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post #10 of 31 Old 02-23-2012
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Quote:
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What kind of mechanical failure takes down a ship that size?
The insurance kind.
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