Multimillion dollar superyachts are going up in flames
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Their “luxe” run out.
A number of luxury superyachts have gone up in flames in recent months, including Positive Energy, a $2.5 million boat that smoldered off the coast of St. Thomas in mid-March, two multimillion-dollar vessels that caught fire in the Abu Dhabi Marina Yacht Club in early March and three that burned in Turkey.
Fire engulfs luxury yacht in British Virgin Islands harbour
— Алла Рябова (@searcheryacht) April 11, 2016
Fire engulfs ...https://t.co/nKqa1l6Rfo pic.twitter.com/5U3d5zzYPG
So why are the super-wealthy suddenly so unlucky?
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Joe F. Foggia, a yacht salesman at Northrop & Johnson in Fort Lauderdale, Fla., blames poor maintenance.
The larger the yacht, the more equipment and crew is required to maintain it; a 180-foot yacht can rack up $4.75 million in operating costs in a single year.
Owner gets $20 million in insurance after 170-foot yacht, Barbie, destroyed in fire https://t.co/S0N8vIYQ1O pic.twitter.com/9qrFjnOXiV
— TradeOnlyToday (@TradeOnlyToday) March 21, 2016
And cutting corners could spell disaster down the road.
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“As wires get older and they chafe on the metal structure, any of that kind of stuff can create a fire,” Foggia said.