EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Fresh searches in Sicily yacht sinking with finance boss among missing

Andrew Murphy by Andrew Murphy
August 20, 2024
in Other
Reading Time: 9 mins read
A A
0
30
SHARES
378
VIEWS
Share on FacebookShare on Twitter

Firefighter divers trained to work in tight spaces were flown in from other parts of Italy to search the vessel.. ©AFP

Porticello (Italy) (AFP) – Specialist divers on Tuesday launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, who have been missing since their yacht capsized off the Italian island of Sicily. The 56-metre British-flagged sailing yacht “Bayesian” was anchored some 700 metres from port with 10 crew and 12 passengers on board when it was struck by a waterspout, a sort of mini tornado, before dawn on Monday. Fifteen people aboard, including a mother and her one-year-old baby, were plucked to safety, but the body of one man, reported to be the yacht’s chef, was found a few hours later.

Related

Swiss insurers estimate glacier damage at $393 mn

Brazil sells rights to oil blocks near Amazon river mouth

Taiwan tests sea drones as China keeps up military pressure

G7 leaders urge Trump to ease off trade war

Oil prices jump, stocks drop as traders track Israel-Iran crisis

On Tuesday, divers searching for the six people still missing strapped on oxygen bottles and began their descent in choppy seas to the wreck, which lies some 50 metres below the surface. Because of the depth, each dive is restricted to 12 minutes, including two minutes for descending and ascending, according to Luca Cari, spokesman for the fire service. The passengers were guests of Lynch — a celebrated technology entrepreneur and investor sometimes referred to as the UK’s answer to Bill Gates — celebrating his recent acquittal in a massive US fraud case. Lynch’s wife Angela Bacares was among the 15 people rescued, but the businessman and his 18-year-old daughter Hannah were missing, according to Salvo Cocina, head of the Civil Protection Agency in Sicily.

The chair of Morgan Stanley International, Jonathan Bloomer, who testified for Lynch in the US case, was also missing alongside his wife, Judy, the UK insurer Hiscox said on Tuesday. Bloomer is also the chair of Hiscox, which issued a statement saying it was “deeply shocked and saddened” by the incident. Christopher Morvillo of law firm Clifford Chance, who represented Lynch, was also on the boat along with his wife, media reports said. Lynch, 59, was acquitted on all charges in a San Francisco court in early June after he was accused of an $11 billion fraud linked to the sale of his software firm Autonomy to Hewlett-Packard.

Divers trained to work in tight spaces were flown in from Rome and Sardinia late Monday, but the search was complicated by the fact that the yacht remains largely intact. Marco Tilotta, from the Palermo fire service divers’ unit, stated that some of the divers had worked on the wreck of the Costa Concordia cruise ship, which sank off Tuscany in 2012, killing 32 people. Tilotta told AFP that search efforts were concentrated on accessing the sleeping and living areas of the yacht, which was lying on its side in one piece. A search of the bridge earlier Tuesday turned up nothing.

“The spaces inside the boat are very tight, and if you encounter an obstacle, it is very complicated to move forward, just as it is very difficult to find alternative routes,” said Cari from the fire service. The luxury vessel was moored off Porticello, east of Palermo, when violent winds and rains suddenly swept up the coast. “It was terrible. The boat was hit by really strong wind, and shortly after it went down,” said survivor Charlotte Golunski, who told ANSA news agency. Golunski, a board director at Luminance, a company founded by Lynch, lost hold of her one-year-old daughter in the waves “for two seconds,” before managing to grab her “while the sea raged.”

“Lots of people were screaming” in the dark, said Golunski, who managed to get on a life raft. The Bayesian was built by the Italian shipbuilding firm Perini Navi in 2008, boasting a 75-metre mast, the tallest aluminium sailing mast in the world, according to the Charter World website. A photograph posted on social media Monday by the Baia Santa Nicolicchia bar in Porticello showed the yacht all lit up, its towering mast shining in the darkness, just a few hours before the storm hit.

A waterspout is a column that descends from a cloud to form a rotating mixture of wind and water over a body of water, often during severe thunderstorms. Karsten Borner, the captain of another yacht anchored nearby at the time of the storm, reported a “very strong hurricane gust,” which made it difficult to keep his vessel steady. Borner witnessed the Bayesian’s mast “bend and then snap,” according to Italy’s Corriere della Sera daily.

Italian authorities have opened a probe into the incident, while the UK’s marine accident investigation branch is dispatching four inspectors to Palermo. The boat is reported to be owned by Lynch’s family, and it is named after the Bayesian statistical theory, which assesses the probability of something happening.

© 2024 AFP

Tags: accidentfraudtechnology
Share12Tweet8Share2Pin3Send
Previous Post

Chinese property firm Kaisa strikes debt restructuring deal

Next Post

Markets waver ahead of earnings, Powell speech

Andrew Murphy

Andrew Murphy

Related Posts

Other

Oil prices rally, stocks mixed as traders track Israel-Iran crisis

June 17, 2025
Other

Venezuela’s El Dorado, where gold is currency of the poor

June 17, 2025
Other

Oil prices jump after Trump’s warning, stocks extend gains

June 17, 2025
Other

Despite law, US TikTok ban likely to remain on hold

June 16, 2025
Other

OpenAI wins $200 mn contract with US military

June 16, 2025
Other

G7 leaders urge Trump to ease off trade war

June 17, 2025
Next Post

Markets waver ahead of earnings, Powell speech

EU plans 36% tariff on Chinese EVs, lower for Tesla

Tesla faces lower-rate EU tariffs on China-made EVs

What is fate of 22 people aboard capsized yacht?

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.