
Crypto Investment Entry and Exit Strategies of Institutional Investors
Section: Business
The luxury sailing yacht 'Bayesian', which tragically sank last summer, has been successfully retrieved from the sea. The vessel, known for its impressive design and unsinkable reputation, was involved in a disastrous incident that resulted in the loss of seven lives, including prominent British entrepreneur Mike Lynch and his daughter.
On Saturday morning, the British firm TMC, operating under the direction of insurance companies, utilized a massive crane to lift the yacht from approximately 50 meters below the surface. The recovery operation has been a complex endeavor, ongoing for several months, and complicated by the unfortunate death of a Dutch diver during the underwater recovery efforts.
The 'Bayesian', measuring 56 meters in length and featuring a towering 72-meter mast, was last seen in distress during a severe storm near the coast. TMC's crane, visible from several kilometers away, was instrumental in bringing the wreckage to the surface, following the detachment of the mast via a submersible robot. The mast remains on the seabed and is scheduled for retrieval in the coming days.
Following the recovery, the yacht will be transported from Porticello, near Palermo, to Termini Imerese, about 24 kilometers away, where it will be taken ashore. The Italian prosecutor's office has initiated investigations into the incident, with three crew members, including the Dutch captain, facing allegations of negligence.
As part of the ongoing investigations, the Marine Accident Investigation Branch (MAIB) in the UK is also examining the circumstances surrounding the disaster. The 'Bayesian' was registered in Britain, and the owner, Angela Bacares, who survived the tragedy along with 14 others, is a British citizen. Preliminary findings from the MAIB suggested that the yacht succumbed to the forces of a hurricane-like storm, leading to its capsizing despite the sails being secured.
The inquiry has highlighted potential design flaws, particularly concerning the height of the mast, which may have contributed to the vessel's instability in high winds. The Italian prosecutor's office has yet to draw conclusions but has indicated that crew negligence regarding open hatches may have allowed water to flood the yacht, although the MAIB has found no evidence to support this claim.
Additionally, investigators are focusing on safely managing the 18,000 liters of fuel still contained within the yacht's tanks to prevent any environmental hazards. Reports from the Italian Coast Guard indicate no leakage has occurred thus far. Initial assessments of the yacht's hull show significant pollution, but no critical structural damage.
Section: Business
Section: Arts
Section: Arts
Section: Business
Section: Business
Section: Arts
Section: Health
Section: Arts
Section: News
Section: News
Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.
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