BILGIN 263
2023
80m (263')
12.25 m (40' 2")
3.50m (11' 2")
155.000 lt. (40.950 US Gallons)
6000+ nm @11 knots
19 knots
45.000 lt. (11.900 US Gallons)
Unique Yacht Design
Unique Yacht Design
H2 Yacht Design
5
10
19 Crew+1
Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts.
The British-flagged 56-meter-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm while anchored off northern Sicily.
The superyacht’s hull was insured against physical damage by yacht insurance provider OMAC and a consortium of insurers including Travelers Cos. Inc., Navium Marine, and Convex, Reuters reported last week.
Yacht Insurer OMAC Is Hull Carrier for Yacht Sunk Off Sicily, Sources Say
Its protection and indemnity (P&I) insurance, which typically covers third-party liability claims including for environmental damage, injury and death, was provided by British Marine.
The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said.
“Our understanding is that the cost of the boat was between $40 and $50 million, so the limit of the hull & machinery policy was probably around those values,” said Marcos Alvarez, managing director, global financial institution ratings at Morningstar DBRS.
The P&I policy would likely be “several multiples” of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover liability payments even if the captain or crew are found to be negligent.
Prosecutors in the town of Termini Imerese, near Palermo, are investigating the captain and two other crew members. An investigation does not imply guilt or mean formal charges will follow. Prosecutors have said the probe would take time and require salvaging the wreck.
Oscar Seikaly, CEO of broker NSI Insurance Group, that provides yacht insurance, estimated the hull value at $40-70 million, but said P&I cover might not total more than $100 million.
P&I insurance would also cover recovery of the Bayesian, said Francesco Dubbioso, country manager for Italy for insurer Alta Signa Europe, who estimated the superyacht’s value at $30 million to $40 million.
Reuters is the first to report the potential insurance costs. OMAC, Travelers and Navium Marine did not immediately respond to Reuters’ for comment. Convex declined to comment.
The Bayesian disaster, which has puzzled experts who said the boat would have been built to withstand a severe storm, adds to recent woes for yacht insurers, who have faced a raft of hurricane losses in the past few years.
Premium rates have risen by four to five times in the past couple of years in parts of the U.S. and the Caribbean, and yacht insurers have cut the amount of cover they provide because of the risks, Seikaly said.
As a result, insurers have increased rates and re-evaluated their guidelines and risk appetite, according to industry experts.
As well as hurricanes, insured losses have mostly stemmed from severe storms, floods, and other weather events in North America, the Caribbean, and Europe, according to a report by broker Marsh.
Seikaly said four clients had last week been ready to buy boats but changed their minds because of the high cost of insurance.
Climate change was also likely to add to yacht insurers’ worries, Seikaly added, as it throws up more unexpected events.
“Whoever thought a storm in the Mediterranean in the month of August is going to sink a ship?”
(Additional reporting by Sinead Cruise; editing by Michelle Price and Sandra Maler)
Photograph: Italian Firefighters scuba divers bring ashore in a blue bag the body of one of the victims of the UK flag vessel Bayesian, on Wednesday, Aug. 21, 2024. (AP Photo/Salvatore Cavalli)
Topics Carriers
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The instantly recognisable 88m (288.6ft) MALTESE FALCON, acclaimed as the Finest Superyacht Ever among a host of other awards, is still one of the world’s most innovative sailing yachts. Now this truly iconic yacht is better than ever having undergone a huge double refit in summer 2022 and winter 2022-23 with an endless series of mind-blowing upgrades.
The instantly recognisable 88m (288.6ft) MALTESE FALCON, acclaimed as the Finest Superyacht Ever among a host of other awards, is still one of the world’s most innovative sailing yachts. Now this truly iconic yacht is better than ever having undergone a huge double refit in summer 2022 and winter 2022-23 with an endless series of mind-blowing upgrades.
View all yachts for charter
As well as a gleaming hull repaint, there is a new extendable passerelle that takes you all the way down to the water where there is a new inflatable platform for beach-club sea-level living. The flybridge has a new circular sunbed that rotates with the sun. Inside you’ll find her guest areas brighter and more welcoming with lighter woods, cream panels and new tapestries.
There’s a new cinema room on the main deck, a redesigned Japanese-style dining room and her gym shares a state-of-the-art MS Sculpt electric muscle stimulator with the massage room. As well as the latest Starlink Wi-Fi throughout and a wheelhouse brimming with the latest technology, she now operates more sustainably with LED lighting throughout, a new engine control room and new generators for lower noise and vibration.
Her unique features remain, like the three-deck sky-lit atrium where the stairs spiral around the main mast, an iconic architectural wonder. You can still indulge your passion for film with the world’s largest outdoor cinema, where movies are projected onto the lower sail so you can watch from the flybridge. The main deck aft, now shaded by a stylish new hardtop, is even better suited to entertainment with open-air dining aft and a circular sit-up bar, revamped with cream marble and new sound and light systems.
On the water, you'll find whatever you're looking for in MALTESE FALCON's garage of brand-new toys. She has a 10m (33ft) Pascoe tender to ferry guests into port or onto a deserted beach for a BBQ and thrill them on waterskis and wakeboards. SeaBobs, kayaks, SUPs, jet surfs, snorkelling equipment, windsurfers - she has plenty to keep you entertained.
When it's time for bed, the full-beam master suite on the lower deck has a large walk-in wardrobe and adjoining gym as well as his-and-hers bathrooms, now with jacuzzi bath as well as a shower room. As principal you may be tempted to take the private VIP deck instead, aft facing on the flybridge with access to the terrace and walkaround side decks, as it has a brand-new bed with a TV that rises from beneath it. There are an additional four double cabins on the lower deck, each with en suite facilities.
Be one of the first to experience this reborn icon of the seas. Get in touch now to book your MALTESE FALCON charter.
Summer cruising Mediterranean | EUR 490,000/EUR 580,000 per week (low/high) |
Winter cruising Caribbean & Bahamas | USD 490,000/USD 580,000 per week (low/high) |
Built | 2006 (refitted 2023), Perini Navi, Italy |
Length | 88m (288.6ft) |
Guests | 12 |
No. of guest cabins | 6 |
Crew | 18 |
Beam | 12.9m (42.3ft) |
Draft min/max | 6m (19.7ft)/6m (19.7ft) |
Displacement | 1,110 tonnes |
Maximum speed | 18 knots |
Cruising speed | 14 knots |
Fuel consumption at cruising speed | 350 litres per hour |
Cabin types | 6 (6 × double) |
Engines | 2 × 1,499hp Deutz |
Please note that tenders and toys are subject to regular upgrades and changes. Contact a Burgess broker for the latest information.
Please note that fitness equipment and wellness facilities are subject to regular upgrades and changes. Contact a Burgess broker for the latest information.
Maltese falcon is available for those dates, maltese falcon is available for those dates subject to confirmation., sorry, maltese falcon isn't available for those dates, contact a broker to discuss your requirements, please change your dates or contact us for a personalised yacht selection..
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MOONLIGHT II
Charter for the Abu Dhabi Grand Prix
For an unbeatable F1 experience
Early season availability in the BVI’s
Charter from mid-November onwards from St Maarten or Tortola
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This Yacht is not for Charter*
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80m / 262'6 | damen yachting | 2022.
Owner & Guests
Special Features:
The 80m/262'6" motor yacht 'U-81' (ex. Naghi 1000) was built by Damen Yachting in the Netherlands at their Sharjah shipyard. Her interior is styled by Dutch designer design house Damen Yachting and she was completed in 2022. This luxury vessel's exterior design is the work of Azure Yacht Design.
U-81 has been designed to comfortably accommodate up to 8 guests in 4 suites. She is also capable of carrying up to 26 crew onboard to ensure a relaxed luxury yacht experience.
U-81 is built with a steel hull and steel superstructure. Powered by twin diesel-electric Caterpillar (3512C) 1,947hp engines, she comfortably cruises at 12 knots, reaches a maximum speed of 16 knots. She was built to Lloyds Register classification society rules.
Length | 80m / 262'6 |
Beam | 16.2m / 53'2 |
Draft | 6.15m / 20'2 |
Gross Tonnage | 3,040 GT |
Cruising Speed | 12.5 Knots |
Built | |
Builder | Damen Yachting |
Model | Conversion |
Exterior Designer | Azure Yacht Design |
Interior Design | Damen Yachting |
Motor yacht U-81 is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.
U-81 Yacht Owner, Captain or marketing company
'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.
U-81 Photos
NOTE to U.S. Customs & Border Protection
Specification
M/Y U-81
Length | 80m / 262'6 |
Builder | |
Exterior Designer | Azure Yacht Design |
Interior Design | Damen Yachting |
Built | Refit | 2022 |
Model | |
Beam | 16.2m / 53'2 |
Gross Tonnage | 3,040 GT |
Draft | 6.15m / 20'2 |
Cruising Speed | 12.5 Knots |
Top Speed | 16 Knots |
Here are a selection of superyachts which are similar to U-81 yacht which are believed to be available for charter. To view all similar luxury charter yachts click on the button below.
72m | Damen Yachting
from $450,000 p/week
68m | Astilleros Armon
from $375,000 p/week
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With a combination of creativity and outside-the-box thinking, the world has seen some strange watercraft over the years like the Kawasaki Jet Mate Jet Ski . However, the Italian born Jet Capsule, while a bit of an oddity, might be right up your alley (as long as you have deep pockets). Looking like a cross between an alien pod and something from the mind of Jules Verne, the Jet Capsule comes in several models with a variety of distinct layouts that vary the experience greatly. The Royal Version 001 back in 2019 ran $285,000 at the time, with a base model costing a bit less at $250,000. Unfortunately, the manufacturer doesn't provide prices on their website for any of the newer models. Depending on your chosen engine configuration, you can expect to achieve a maximum rate of between 35 knots (40mph) and 60 knots (69mph).
You'd be forgiven for wondering what Jet Capsule boats are designed for exactly. Fortunately, there are several useful applications for Italian designer Pierpaolo Lazzarini's creation. From a "compact yacht" for recreation, an upscale means to ferry passengers to land, and commercial uses as a high-end taxi or water limousine, this craft does serve a unique niche.
The Jet Capsule might look compact, but it's stuffed to the brim with premium luxury features and customization options. Take for example the Royal Version 001, which can include tropical teak hardwood accents, ergonomic leather seats, light-weight carbon fiber construction, sunlight-reacting windows, a motorized door, and more, which factor into the total price tag. You can choose from various layouts that include a kitchenette, a sundeck, a restroom, a high-end Bose audio system, and seating for up to 12 people. You'll also notice additional eye-candy like ambient lighting running through the cabin, creating a unique and posh atmosphere.
With the Jet Capsule, not only are there several interior amenities to choose from, but also several engine options. Depending upon your needs, this watercraft comes with either a single-engine configuration that provide up to 550 horsepower or dual powerplant for up to 740 horsepower. In addition, you can also choose hybrid powertrains that combine a diesel engine and electric motor or go all-electric. As the name implies, the Jet Capsule uses jet drive, which is similar to what powers jet skis and is one of the four basic types of boat engines .
While there are several pre-made layouts you can choose from for your Jet Capsule, each unit can be personalized to your specifications. If patience isn't your virtue, you may be disappointed to know the build of each watercraft can take as much as 18 months to complete.
Not content to stop innovating, one of the new models of Jet Capsule is the Super Jet, which offers some performance upgrades over earlier iterations. For example, you can opt for twin diesel engines that propel the Super Jet up to a maximum speed of 60 knots or 69 mph. Not only is the vehicle more aerodynamic than previous models, but it also weighs 500 kg or 1100 pounds less. In the captain's chair you can experience the included augmented-reality navigation, automated docking technology, and seating with built-in shock absorbers. If you think the Jet Capsule is bit bizarre, check out the other vessels that made our list of weird boats that will change the way you think about water travel .
I nsurers of the Bayesian superyacht that sank this month , killing tech entrepreneur Mike Lynch and six others , could be on the hook for at least $150 million, according to the first estimates by industry experts.
The British-flagged 184-foot-long yacht , which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm while anchored off northern Sicily.
Prosecutors in the town of Termini Imerese, near Palermo, are investigating the captain and two other crew members. An investigation does not imply guilt or mean formal charges will follow. Prosecutors have said the probe, which includes looking into crimes of manslaughter and shipwreck, would take time and require salvaging the wreck.
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The captain, James Cutfield, flew out of Palermo on a private jet on Thursday, an investigative source told Reuters . Cutfield's destination was unclear.
Cutfield, a native of New Zealand, and his wife live in Palma, the capital of the Spanish island of Mallorca.
The superyacht's hull was insured against physical damage by yacht insurance provider OMAC and a consortium of insurers including Travelers Companies Inc (TRV.N), Navium Marine and Convex, Reuters reported last week.
Its protection and indemnity (P&I) insurance, which typically covers third-party liability claims including for environmental damage, injury and death, was provided by British Marine.
The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said.
"Our understanding is that the cost of the boat was between $40 and $50 million, so the limit of the hull and machinery policy was probably around those values," said Marcos Alvarez, managing director, global financial institution ratings at Morningstar DBRS.
The P&I policy would likely be "several multiples" of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover liability payments even if the captain or crew are found to be negligent.
More: How safe are luxury yachts? What to know after Mike Lynch yacht disaster left 7 dead
Oscar Seikaly, CEO of broker NSI Insurance Group, that provides yacht insurance, estimated the hull value at $40-70 million, but said P&I cover might not total more than $100 million.
P&I insurance would also cover recovery of the Bayesian, said Francesco Dubbioso, country manager for Italy for insurer Alta Signa Europe, who estimated the superyacht's value at $30 million to $40 million.
Reuters is the first to report the potential insurance costs. OMAC, Travelers and Navium Marine did not immediately respond to Reuters' for comment. Convex declined to comment.
The Bayesian disaster, which has puzzled experts who said the boat would have been built to withstand a severe storm, adds to recent woes for yacht insurers, who have faced a raft of hurricane losses in the past few years.
Premium rates have risen by four to five times in the past couple of years in parts of the U.S. and the Caribbean, and yacht insurers have cut the amount of cover they provide because of the risks, Seikaly said.
As a result, insurers have increased rates and re-evaluated their guidelines and risk appetite, according to industry experts.
As well as hurricanes, insured losses have mostly stemmed from severe storms, floods, and other weather events in North America, the Caribbean, and Europe, according to a report by broker Marsh.
Seikaly said four clients had last week been ready to buy boats but changed their minds because of the high cost of insurance.
Climate change was also likely to add to yacht insurers' worries, Seikaly added, as it throws up more unexpected events.
"Whoever thought a storm in the Mediterranean in the month of August is going to sink a ship?"
This article originally appeared on USA TODAY: Mike Lynch sunken superyacht could cost insurers massively, experts say
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Bilgin Yacht has currently built three units of the 80-metre Bilgin 263 series. The second unit of the series, Leona celebrated her launch in October, 2022. Bilgin Yachts partnered with Antalya-based Unique Yacht Design for naval architecture and exterior design, and H2 Yacht Design for the interior living areas.
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Bayesian was a 56-metre (184 ft) sailing superyacht, built as Salute by Perini Navi at Viareggio, Italy, and delivered in 2008. [9] It had a 72-metre (237 ft) mast, one of the tallest in the world. The yacht was last refitted in 2020. [10] It was in the legal ownership of Angela Bacares, wife of the technology entrepreneur Mike Lynch. [11] [12] It was at anchor off the northern coast of Sicily ...
The British-flagged 56-meter-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm ...
Available for charter with Burgess, MALTESE FALCON is the perfect luxury superyacht charter. Browse full specification, key features & pictures now.
The British-flagged 56-metre-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm ...
The 16 minutes that plunged the Bayesian yacht into a deadly spiral. ... But bringing the Bayesian to the surface could take six to eight weeks and cost 15 million euros (£12.7m) by some estimates.
The 80m/262'6" motor yacht 'U-81' (ex. Naghi 1000) was built by Damen Yachting in the Netherlands at their Sharjah shipyard. Her interior is styled by Dutch designer design house Damen Yachting and she was completed in 2022. This luxury vessel's exterior design is the work of Azure Yacht Design.
From a "compact yacht" for recreation, an upscale means to ferry passengers to land, and commercial uses as a high-end taxi or water limousine, this craft does serve a unique niche.
Hear challenges divers face while recovering missing people after yacht sinks 01:53 - Source: ... "with huge costs for people and society." Ad Feedback. Ad Feedback. Ad Feedback.
The British-flagged 184-foot-long yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm while anchored off ...