Wretched Excess At Sea

Measuring Wealth by the Foot – New York Times
megayachts-stmaarten0208w.jpg Over 20 megayachts in this picture, taken last month in St. Maarten. There are 4 times more that aren’t in view. There are no signs that demand will slacken. “There are 2,000 superyachts in the world today” over 120 feet long, “and nearly 200,000 people who could afford to buy them,” Mr. Beckett says.

The arms race in yachts echoes the competition among business titans in the last century to build the world’s tallest skyscraper.

Continue reading “Wretched Excess At Sea”

Stuck MegaYacht Finally Free

Yacht stuck for 2 ½ years finally free – 02/27/2008 – MiamiHerald.com

Update Megayacht Stuck again

This was supposed to be the end to this ongoing sea saga, that has been one of this blogs most popular stories. From The Triton:

(FEB. 26, 2008) — S/Y Legacy is floating free today after being marooned off of Key West for almost 2 1/2 years. “We busted loose today,” came owner Peter Halmos’ e-mail at about 1:30 a.m. this morning, referring to Monday’s long day of pulling the 158-foot Perini Navi out of the sand and sea grass by Byrd Commercial Diving of Miami.Although the recovery path was about a mile long, it’s been a long journey. Regulatory restrictions, marine sanctuary concerns, additional damage to the area, and some legal wrangling all added to the recovery time frame. Failed attempts, including a coffer-dam setup that never worked, added to the woes. The trenching and pulling of this current effort took about six months. Legacy will be towed to a local area that Halmos described as “about two miles as the crow flies, but 2 1/2 years of twists and turns.”

From the Miami Herald:

Here’s how they did it, according to Christian Byrd, a third-generation partner in the family business: Continue reading “Stuck MegaYacht Finally Free”