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Inside Pi: Starbucks CEO Howard Schultz's $145 Million Luxury Yacht

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The origins of howard’s dream vessel, inside the $145 million luxury vessel, pi’s flamboyant exterior.

Howard Schultz’s $145 Million yacht is the definition of elegance and luxury.

Howard Schultz is the CEO of the international coffee house chain Starbucks . Starting from just one coffee bean shop in Seattle, Starbucks is currently present across 77 countries with more than 30000 stores. Due to this behemoth business, Howard Schultz has accumulated a massive net worth of around $4 Billion . He bought the super luxury yacht Pi in 2019 for a staggering $145 Million.

Yachts might be tagged as extravagant, ground-breaking, or spectacular. Still, Starbucks CEO Howard Schultz's $145 Million super yacht, Pi, the epitome of elegance and luxury, has also been given the title of ‘Auspicious.’

The Pi Yacht was built in 2019 by a Dutch shipyard known as Feadship. With a length of around 77.8 meters, Pi was the 22nd largest boat built by Feadship, as reported by Superyacht Times . She is a magnificent piece of art with an aluminum superstructure and steel hull. The Pi boasts a unique design created using state-of-the-art glass technology from a computer-aided 3D design.

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She was formerly known as Syzygy 818, a lucky name per Chinese numerology. She bears the former owner's name, whose birthday is August 18. Consequently, the superyacht's official name also included the number. The second part of her name, Syzygy, is an astrological term that describes the rare occurrence when three celestial bodies line up precisely in the sky.

With extraordinary build quality , outstanding design, and innovation, the PI is on the verge of perfection. The yacht's stunning Zen-inspired interiors were built by Sinot Exclusive Yacht Design, and De Voogt Naval Architects looked after the naval design as per Yacht Bible . One of the best features of Pi is the placement of floor-to-ceiling windows without mullions, which realizes the owner's idea of the main saloon, which genuinely complements the exterior.

Her elegant and welcoming atmosphere is accentuated by ageless design, magnificent furniture, and comfortable seating. At the 2019 World Superyacht Honors, Pi won awards for Motor Yacht of the Year and Best Displacement Motor Yacht Between 1,500GT and 1,999GT, according to Luxury launches . The finishing touch that provided Howard Schultz with a winner to sail was the flawless construction quality of the Feadship.

The yacht can accommodate up to 12 guests in 16 opulent guest rooms with a staff of 18 people. She has a luxurious spa and a pool with a glass bottom, among other features. The comfortable and stylish Pi features several distinctive features, including a spectacular spiral staircase connecting three floors and a large sitting area with a sofa accommodating eight people. She also boasts of a helipad and a garage.

With a length of 77.8 meters and a width of 11 meters, Pi is the 195th largest yacht in the world, as per News Rebeat . An aluminum superstructure supports the Pi's teak decks and steel hull, and she weighs around 1,592 tons. She comfortably sails at 16 knots and can attain a top speed of 18 knots thanks to dual diesel MTU 16-cylinder 2,700hp engines operating at 1800rpm. At-anchor stabilizers on Pi offer outstanding levels of comfort. Her freshwater tanks have a capacity of about 33,168 liters. She was constructed under the standards of the Lloyds Register classification society.

The vessel's external lines stand out for their inventive use of structural glass with a twofold curvature. The ship, which Jarko Jammsen created as his first superyacht project, has four decks ideally suited for guests' relaxation and entertainment. The big main deck aft can be set up for a casual setting, outdoor dining, or a lot of sunbathing. Additionally, a large upper deck behind the ship connects to the flush foredeck through side walkways. The best location on board for viewing the surroundings is the sundeck above.

Howard Schultz has got himself a yacht as exquisite as his coffee beans. He has transformed Starbucks and his life sailing in style with his $145 Million Pi. With her classy interiors, flamboyant exterior, and state-of-the-art technology, Pi is certainly a game-changer in the category of luxury Yachts.

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PI Yacht – State-of-the-art $120M Superyacht

The PI yacht, formerly Syzygy 818, is a 77.3-meter luxury motor yacht built in 2019 by the Dutch shipyard Feadship. She is a magnificent motorboat constructed with a steel hull and aluminum superstructure. 

As a truly bespoke luxury yacht, PI yacht has been customized with cutting-edge glass technology from a computer-aided 3D design. Previously named Syzygy 818, she is considered lucky according to Chinese numerology. 

She was also named after the former owner’s birthday, which is on August 18th. Hence, the number was included in the official name of the superyacht. 

“Syzygy,” the second part of her name, is an astrological word that refers to the uncommon occasion when three celestial bodies line up exactly in the skies, as occurs during a lunar eclipse or new moon, among other things.

PI yacht interior

The PI yacht is on the cusp of perfection with exceptional construction quality paired with outstanding design and innovation. 

Sinot Exclusive Yacht Design created the yacht’s exquisite Zen-inspired interiors, and her naval architecture was penned by De Voogt Naval Architects .

One of her greatest highlights is the installation of floor-to-ceiling windows without mullions, which fulfills the proprietor’s vision of the main saloon that is genuinely in harmony with the exterior. 

Throughout, timeless style, exquisite furniture, and plush seats contribute to the creation of her elegant and pleasant ambiance.

Specifications

The PI yacht is built with an 11.20m beam, a 3.30 m draft, and spacious teak decks. She travels easily with a range of 16 knots and achieves a top speed of 18 knots thanks to her dual MTU (16V 4000 M63) 16-cylinder 2,700hp engines operating at 1800rpm. 

Additionally, her water tanks have a capacity of about 33,168 L of freshwater. This unique full displacement yacht has “at anchor” stabilizers that operate at zero speed, enhancing board comfort whether at anchor or in rough water. 

She was constructed following Lloyds Register classification society standards.

Accommodation

The PI yacht’s six suites comfortably accommodate up to 12 guests. Moreover, she can accommodate up to 18 crew members, which guarantees a relaxing yacht experience.

The yacht features three double guest staterooms, one double owner’s suite, and one convertible owner’s suite.

As for the crew members, they are housed in six twin rooms, two twin officer cabins, one single officer cabin, and one captain’s cabin. 

The outstanding leisure and entertainment amenities aboard PI make her the perfect yacht for socializing and entertaining family and friends.

This includes a beach club, Helipad (Touch-n-go), swimming platform, swimming pool, and tender garage. 

The vessel’s external lines are notable for their innovative use of double-curvature structural glass. 

Jarko Jammsen designed the vessel as his first superyacht project, which features four decks ideally made for patrons’ rest and recreation. 

The main deck aft is spacious, and may be configured for an informal setting, outdoor dining, or extensive sunbathing. 

There is also an expansive upper deck aft with side walkways connecting to the flush foredeck. The sundeck above provides the greatest vantage point on board for seeing the surrounding area.

This luxury superyacht is worth $120 million with an annual cost of US$ 5 – 12 million 

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Coffee and PI, a winning combination in Mallorca

Superyacht Pi, anchors in Portals. | Majorca Daily Bulletin reporter

PI , a luxury yacht owned by a Starbucks coffee billionaire anchored off Portals this morning

The 77-metre long vessel , which is worth an estimated £118million, caused quite a sensation.

It belongs to the owner of Starbucks Howard Schultz , an American businessman who bought the coffee chain in the 1980s.

He is ranked by Forbes as the 209th richest person in the world, with a net worth of $4.3billion.

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Motor Yacht

Pi is a custom motor yacht launched in 2019 by Feadship in Kaag, Netherlands.

Based in the Netherlands and with roots dating back to 1849, Feadship is recognised as the world leader in the field of pure custom superyachts.

Pi measures 77.25 metres in length, with a max draft of 3.30 feet and a beam of 11.20 feet. She has a gross tonnage of 1,592 tonnes.

Her interior design is by Sinot Yacht Design.

Pi also features naval architecture by Feadship.

Performance and Capabilities

Pi has a fuel capacity of 1,250,000 litres, and a water capacity of 33,000 litres.

Accommodation

Pi accommodates up to 12 guests in 5 cabins. She also houses room for up to 18 crew members.

Other Specifications

Pi has a hull NB of Project 818.

• Yacht Builder Feadship View profile
• Naval Architect Feadship View profile
• Exterior Designer Jarkko Jämsén No profile available
• Interior Designer Sinot Yacht Design No profile available

Yacht Specs

Other feadship yachts, related news.

Luxury yacht owned by Starbucks billionaire appears off Devon coast

• West Country
• Thursday 28 January 2021 at 2:44pm

A luxury yacht owned by a Starbucks coffee billionaire turned heads in Torbay after mooring off the Devon coast.

The 77-metre long vessel, which is worth an estimated  £118million, appeared in the bay at the weekend.

It belongs to the owner of Starbucks Howard Schultz, an American businessman who bought the coffee chain in the 1980s.

He is ranked by Forbes as the 209th richest person in the world, with a net worth of $4.3billion.

The yacht, meanwhile, can accommodate up to 12 guests and 18 crews and boasts its own helicopter pad, glass-bottomed swimming pool and onboard spa facilities.

It is called Pi and was built in the Netherlands in 2019.

It anchored among the ever-changing backdrop of stranded cruise ships in the bay, which has been nicknamed “the Torbay car park” during the Covid-19 pandemic.

Pi has since left the bay, and online shipping websites suggest it has since crossed the English Channel and is heading south off Lisbon in Portugal.

Among the eyewitnesses was Mike Wilkie, who posted an image of the yacht on social media with the caption: “If you ever wondered what really happened to Darth Vader, well he’s on board this yacht that arrived here today.”

His caption was a reference to the large, Darth Vader-shaped scanners and equipment on top of the vessel.

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Starbucks owner Howard Schultz's $144m futuristic super yacht complete with helipad, onboard spa and glass-bottomed swimming pool arrives in Cornwall for shipyard work

By MailOnline Reporter

Published: 12:55 EDT, 12 May 2022 | Updated: 12:55 EDT, 12 May 2022

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A luxury superyacht owned by the man who transformed Starbucks from a Seattle coffee bean store into a global brand has arrived in UK waters. The vessel, named Pi, is worth an estimated £118 million ($144 million) and was spotted entering Falmouth harbor yesterday morning before moving to Pendennis Shipyard later in the afternoon. 

The ship was built in 2019 by a Dutch company named Feadship. It is the 21st largest vessel the company has ever made with dimensions of 254ft in length and 37ft wide, positioning it as the 195th largest yacht in the world.

With two engines, it can reach speeds of 18.4 knots. It is owned by Howard Schultz, ranked by Forbes magazine as the 209th richest person in the world, with a net worth of $4.4billion (£3.68billion). Pi can host up to 12 guests and 18 crew members and has its own helicopter pad, glass-bottomed swimming pool and onboard spa facilities.

Schultz is credited as Starbucks’ founder despite the company being founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle’s Pike Place Market. 

Back then, Starbucks was merely a coffee bean store but it became a full-fledged cafe after Schultz bought it in the early 1980s.

Later he transformed it into the international coffee shop brand. 

It is likely that the superyacht is undergoing some work at Pendennis Shipyard, which is one of the world’s leading superyacht refit and custom build facilities. 

The site employs over 450 skilled tradespeople and has completed more than 300 refit projects and 30 custom-made build projects on some of the most iconic yachts in the world.

Share or comment on this article: Inside Starbucks owner Howard Schultz's $144M superyacht

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Published by Associated Newspapers Ltd

Part of the Daily Mail, The Mail on Sunday & Metro Media Group

Has Feadship yacht SYZYGY 818 been sold and renamed PI?

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• Yacht Charter & Superyacht News >

Written by Maria Korotaeva

While it is still uncertain whether the 77m superyacht SYZYGY 818 has been sold, we now know that she has been renamed PI . 

Luxury mega yacht SYZYGY 818 renamed PI – Photo © Feadship

Launched in 2019 at Feadship facilities, this brand new charter yacht made her first appearance at the largest superyacht event, the Monaco Yacht Show 2019. Since then very little information regarding her interiors has been revealed.

Her striking exterior design was created by Jarkko Jamsen , while De Voogt developed the naval architecture. Rumour has it Sinot Exclusive Yacht Design  drew the interiors incorporating Japanese styling and decor.

77m Superyacht PI (ex SYZYGY 818)

As for some of PI’s luxurious amenities, she features a glass-bottomed pool, a spa centre, and an enormous beach club with two sea terraces.

Accommodation onboard is offered for up to 12 guests and 18 crew members.

She is one of the largest superyacht available for charter in 2020 . This winter she is cruising in the waters of Asia , and then by the beginning of the summer yachting season, she will make her way back to the Mediterranean .

FIND OUT MORE ABOUT FEADSHIP SUPERYACHT PI

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "Has Feadship yacht SYZYGY 818 been sold and renamed PI?".

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By SuperyachtNews 12 Dec 2019

Syzygy 818 sold and renamed Pi

The 77.3m feadship-built vessel was delivered in summer 2019….

Feadship’s 77.25m Pi has been sold to an unnamed client. The 77.3m vessel, formerly called Syzygy 818 prior to the point of sale, was delivered by the Dutch yard this summer to great acclaim, and was among the stars of this year’s Monaco Yacht Show.

While details of the sale have yet to be confirmed, SuperyachtNews is aware that the price is in line with The Superyacht Agency’s proprietary brokerage sales price modelling tool , which currently values Pi at €134.9 million ± €5 million.

As is apparent from our model, Pi represents the third most valuable superyacht in the delivered Feadship fleet behind 101.5m Symphony (€129.8 million) and 110.0m Anna (€177.9 million).

The vessel, whose exterior lines are noteworthy for their extraordinary use of double curvature structural glass, was designed by Jarko Jammsen, representing his inaugural superyacht project. The interiors are the work of Sinot Exclusive Yacht Design, with naval architecture from De Voogt Naval Architects.

The seller is a client of KK Superyachts, the company that oversaw the management of the project and its delivery.  

Feadship has three deliveries scheduled for 2020 at an average LOA of 77.7m.

Profile links

Sinot Yacht Architecture & Design

KK Superyachts

JARKKO JAMSEN

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The Monaco Yacht Show is part of the Informa Markets Division of Informa PLC

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6 future superyacht trends

Article written by BOAT International Published on September 3, 2024

Advanced technology, innovative design concepts and a growing emphasis on sustainability are just some of the ways in which superyachts are continuing to evolve, and staying ahead of these emerging trends is crucial for designers, builders and enthusiasts alike. Looking at some of today’s stand-out features, we offer a glimpse into what could define the next generation of superyachts.

Responsive design As technology expands and develops, there is a growing trend for designers looking to intertwine art with technology. Responsive design, also known as immersive art, has been a big talking point in the industry recently.

A major project which caught attention back in 2020 was 107.2-metre Luminosity’s 370-square-metre interactive LED walls, designed by Zaniz Studio. Since then, responsive design has become ever more popular on board, with Perini Navi’s 46.5-metre ArtExplorer showcasing a 16-metre cinematic tunnel whose walls are wrapped in LED light installations.

Currently, responsive design plays with movement and light but in the future, we might see the trend encompass touch, smell and temperature.

Nature takeover We’re already seeing a shift towards yacht designs that champion an improved connection to the water – like the open aft deck on the Benetti Oasis models or the underwater viewing lounges on board 83.5-metre Savannah and 75-metre M’Brace.

The next phase may see greenery make more of an appearance on board. A recent nature-focused project that stole the spotlight was Heesen’s 67-metre Sparta, its three decks symbolising the elements of water, earth and air.

Interior restyling During and after the pandemic, we saw a significant spike in yacht usage among both owners and charterers, with some spending weeks at a time at sea.

Based on this, we might expect to see people readjust their attitude toward their yachts by focusing less on wow factor and more on comfort and liveability. Instead of grand pianos, elaborate dining saloons and disused Jacuzzis, owners may opt for additional offices, larger gym areas or cosy media rooms.

Central to this ethos is Nuvolari Lenard’s 202-metre Centerfold concept, a design that evokes feeling, according to the studio, rather than purely aesthetics. Interior styling is also shifting towards neutral tones and comfortable furnishings as opposed to cool, contemporary themes designed for dazzling, rather than living.

The power of artificial intelligence It’s no doubt that AI is beginning to weave its way into many industries, and this is no different in the world of yacht design.

Over the past year, we have seen various shipyards and designers embrace AI in order to enhance the guest experience on board. Azimut was one of the first with the installation of smart home automation on board the Magellano 60.

More recently, Rossinavi harnessed the power of AI to maximise environmental efficiency on board the 43-metre hybrid-electric Seawolf X. Whilst AI is still in its infancy, the industry has so far proven that the technology can be useful in numerous ways on board, and we can expect this evolve rapidly in the coming years.

Explorer-style amenities Alongside strong demand for explorer yachts we’ve also seen an uptick in trend for explorer-style features, even on regular superyachts.

Holterman’s 32.6-metre Lady Fleur is a good example of this, incorporating a hydraulic aft platform that doubles as a tender bay and swimming pool. Warming firepits, larger toy lockers and toy-carrying aft decks are becoming more commonplace, with Wider’s 49.9-metre Stern able to house a submersible.

In keeping with that theme, yachts may start to get more rugged and functional in appearance – something that’s highlighted by the booming in the popularity of conversion superyachts.

Glass galore The use of glass has grown in the past few years, with more designers beginning to use it for aesthetic purposes as well as functional ones.

We’ve also seen it become more frequently used for structural purposes too, as the material becomes more durable and easier to work with.

From Feadship’s 77.2-metre Pi’s glass-clad saloon to Oceanco’s 90-metre Dar’s glossy glass exterior, it’s making a big appearance on the exterior. In the future, we may start to see glass introduced more heavily on the interior as well.

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Private YACHT

NOT FOR CHARTER*

SIMILAR YACHTS FOR CHARTER

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818 yacht NOT for charter*

77.32m  /  253'8 | feadship | 2019.

Owner & Guests

Cabin Configuration

• 1 Convertible
• Previous Yacht

Special Features:

• Multi-award winning
• Extensive health and beauty center, including spa and beach club
• Inviting pool
• Lloyds Register classification
• Interior design from Sinot Yacht Design

The multi-award winning 77.32m/253'8" motor yacht '818' (ex. SYZYGY 818) was built by Feadship in the Netherlands at their Kaag shipyard. Her interior is styled by Dutch designer design house Sinot Yacht Design and she was delivered to her owner in September 2019. This luxury vessel's exterior design is the work of Jarkko Jämsen.

Guest Accommodation

818 has been designed to comfortably accommodate up to 12 guests in 6 suites. She is also capable of carrying up to 18 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include a spa, beauty salon, beach club, WiFi and air conditioning.

Range & Performance

818 is built with a steel hull and aluminium superstructure, with teak decks. Powered by twin diesel MTU (16V 4000 M63) 16-cylinder 2,700hp engines running at 1800rpm, she comfortably cruises at 16 knots, reaches a maximum speed of 18 knots. 818 features at-anchor stabilizers providing exceptional comfort levels. Her water tanks store around 33,168 Litres of fresh water. She was built to Lloyds Register classification society rules.

PRIVATE YACHT - "818" IS NOT FOR CHARTER

Sorry, motor yacht "818" is a strictly Private yacht and is NOT available for Charter. Click here to view similar yachts for charter , or contact your Yacht Charter Broker for information about renting another luxury charter yacht.

"Yacht Charter Fleet" is a free information service, if your vessel changes its status, and does become available for charter, please contact us with details and photos and we will update our records.

818 Awards & Nominations

• World Yachts Trophies 2019 Most Achieved Finalist
• Boat International Design & Innovation Awards 2020 Outstanding Exterior Motor Yachts - 50m and above Finalist
• Boat International Design & Innovation Awards 2020 Best Interior Design Motor Yachts 500GT and Above Finalist
• Boat International Design & Innovation Awards 2020 Innovation of the Year Winner
• The World Superyacht Awards 2020 Displacement Motor Yachts Between 1500GT and 1999GT Winner
• The World Superyacht Awards 2020 Motor Yacht of the Year Winner

NOTE to U.S. Customs & Border Protection

NOTE TO U.S. CUSTOMS & BORDER PROTECTION

Due to the international and fluid nature of the yachting business and the fact there is no global central industry listing service to which all charter yachts subscribe it is impossible to ascertain a truly up-to-date view of the market. We are a news and information service and not always informed when yachts leave the charter market, or when they are recently sold and renamed it is not clear if they are still for charter. Whilst we use our best endeavors to maintain accurate information, the existence of a listing on this website should in no way supersede official documentation supplied by representatives of a yacht.

Specification

M/Y 818

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from $670,000 p/week ♦︎

66m | Rossinavi

from $637,000 p/week *

70m | Benetti

from $762,000 p/week ♦︎

from $508,000 p/week ♦︎

92m | Feadship

from $1,500,000 p/week

75m | Feadship

from $900,000 p/week *

63m | Benetti

89m | Oceanco

from $1,100,000 p/week

74m | Trinity Yachts

from $611,000 p/week ♦︎

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Pi – The ultimate   superyacht

Jarkko Jämsén, co-founder of Aivan, was invited to create the concept, interior layout and exterior design for a superyacht. In close collaboration with the owner client, he and the other team members created a totally unique vessel from scratch that is custom-made down to every detail.

Pi – originally Syzygy 818 – is a 77.25m motor yacht. The vessel’s top speed is 18.4kn and is powered by two MTU diesel engines. Pi can accommodate up to 12 guests in 6 staterooms, with 18 crew members. Pi has a gross tonnage of 1592.0GT and a 11.0m beam. The interior of the yacht was designed by Sinot.

Pi was built at Feadship – Royal Dutch Shipyards in the Netherlands. Feadship is a cooperative venture between two shipyards Royal Van Lent Shipyard and Koninklijke De Vries Scheepsbouw. Feadship designs and constructs high-end luxury yachts and is one of the leading builders of custom superyachts.

Case Information

• Concept design
• Product design
• Experience design
• Naval architecture
• feadship.nl

Awards & Recognitions

• Motor Yacht of the   Year

Photography

Tuukka Koski – superyacht Aivan – making of

“ We created the concept and the layout together with the owner’s representative, the owner and myself. It was challenging for me as a designer because the owner was so good that I had to do even better than I thought I could to meet his standards.”

“ A full-custom design project needs to be a fun process for both myself and the client. Without the client, there is no boat: it is so much more than just an object.”

Very best of the best

"A vessel that is considered exceptional by any measure." The prestigious Motor Yacht of the Year is a sought-after title, and Pi's excellence made her a worthy winner. The judges admired her harmonious exterior lines and the overall perfection of her construction. They also praised the team for coming up with ingenious solutions to engineering challenges.

“ I am heavily interested in new technology and love pushing the boundaries of what different materials can do. Like windows. This vessel has the most amazing windows ever built on a superyacht.”

Are you interested?

Jarkko   Jämsen

More in transportation, a resource-saving collection from leftovers and circular   materials.

Electric silence and elegance on the   water

Brabus shadow range for ultimate premium   performance.

A treasure trove for unique   design

The world’s first wireless multi-channel   speaker

Smart bike parking   system

8 of the largest yachts owned by American tech billionaires ranked: From Mark Zuckerberg’s Launchpad, where he celebrated his 40th birthday, to the WhatsApp founder who owns a $220 million yacht. It’s not Jeff Bezos, but a video game developer who has the most expensive vessel.

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A new day and a new effort by Mackenzie Scott to make the world a better place – The billionaire author selflessly donated $6 million to the Urban League of Greater Pittsburgh and $2.4 million to the Greater Sacramento Urban League.

Not fearing seizure, Russia’s richest man is fearlessly moving his $500 million mega yacht Nord from Russia to Busan, South Korea. The sanctioned billionaire had earlier spent $465,000 in fuel and raced his 464 feet vessel across the oceans.

Vicem unveils the Vanguard line of Superyacht Tenders

Russia’s richest man Andrey Melnichenko, cleverly saved his warship inspired $300 million superyacht from being seized by the Western authorities. With its tracker turned off for a year and docked near Dubai, the 390-foot-long vessel may now be seized by Russia itself.

A billionairess happily sharing her wealth – As soon as her company reached a $1.2b valuation, Spanx founder Sara Blakely gifted all her 500+ staff $10,000 and two first-class tickets to anywhere in the world.

The Filippetti Navetta 26 is luxuriously green

As if a $100,000 monthly maintenance bill wasn’t enough, the abandoned $120 million Alfa Nero superyacht has now dragged the Antiguan prime minister into a corruption scandal. The luxury vessel is becoming a curse for the tiny Caribbean nation.

Tatiana Akhmedova, the Ex-wife of a Russian Oligarch has hired Ex-Special Forces soldiers, to storm and seize her husbands $320 million superyacht as he is refusing to pay her the $640 million divorce settlement.

Tech millionaire once presented this 153 foot superyacht gift-wrapped as a Valentine’s day gift to his now ex-wife. Aptly named Kiss, the stunning vessel had a split-level owner’s suite, a charming sun deck, and lavish interiors. An unforgettable gift of love, it was a floating Taj Mahal indeed.

Sailing yachts like Mike Lynch's are 'unsinkable bodies', CEO of boat manufacturing firm says

Bayesian superyacht which sank off Italy is an "unsinkable" vessel, Giovanni Costantino, CEO of The Italian Sea Group, said.

By Ashna Hurynag, news correspondent and Eleonora Chiarella, producer

Sunday 25 August 2024 08:48, UK

Vessels like Mike Lynch's stricken superyacht are "unsinkable", according to the chief executive of the firm which makes and sells them.

Giovanni Costantino, CEO of The Italian Sea Group, told Sky News there are no flaws with the design and construction of the Bayesian superyacht which capsized in a storm off the coast of Porticello, Sicily, on Monday.

Five bodies were found by divers on Wednesday - taking the number of confirmed dead to six.

The Italian Sea Group also owns the firm that built British tech tycoon Mr Lynch's Bayesian, and Mr Costantino said the vessels "are the safest in the most absolute sense".

"Being the manufacturer of Perini [boats], I know very well how the boats have always been designed and built," he said.

"And as Perini is a sailing ship... sailing ships are renowned to be the safest ever."

He said their structure and keel made them "unsinkable bodies".

Read more on this story: Why search of superyacht wreck has been so difficult Hero mum 'slept with baby on deck when storm sank yacht'

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Mr Costantino said news of the sinking "put me in a state of sadness on one side and of disbelief on the other".

"This incident sounds like an unbelievable story, both technically and as a fact," he said.

It is understood Italian prosecutors investigating the incident are continuing to hold interviews with the survivors.

On Tuesday they questioned the captain for more than two hours to help reconstruct what happened and provide useful technical details.

Four British inspectors are also in Porticello and have begun a preliminary assessment of events.

It is understood they will look at all relevant aspects of the incident, including the design, stability, and operation of the vessel. They will also examine the effects of the weather conditions experienced.

Keep up with all the latest news from the UK and around the world by following Sky News

Twenty-two people were on board the vessel, 15 of whom were rescued - including Briton Charlotte Golunski and her one-year-old daughter Sofia.

Divers will resume efforts on Thursday morning to bring ashore a body they found earlier. One more person remains missing.

Related Topics

• Superyacht sinking