SY A

Allgemeine Informationen

Kurs/Position

Die neuesten Nachrichten

Maintenance of seized Russian yacht has cost Italiy seven million Euro to date

The owner of the 'Sailing Yacht A', which was seized by the Italian police and placed in a special dry dock at the northern port of Trieste in March 2022, the Russian billionaire Andrey Igorevich Melnichenko, did not claim ownership, leaving the Italian government and a team of foreign lawyers representing the company that owns the yacht warring. While the legal battle concerning the largest sailing yacht in the world ensued, the $580 million asset also had to be maintained. The upkeep of the ship is excessively expensive. The vessel has been maintained by a crew of about 20 men for over a year now, with expenses borne by the Italian State. In expert opinion, this gargantuan asset is setting Italy back by a minimum of $900,000 per month. To date it has cost the State over seven million Euros. If the yacht is returned to the owner,he can repossess it only after paying the maintenance costs incurred by Italy. The situation is risky as it involves a hefty bill.

Detained oligarch yacht berthed at Fincantiri Yard

The 'A' of the Russian oligarch Andrey Igorevich Melnichenko has returned to the shipyard in Fincantieri in Trieste on Sep 14. The items indicated that the assembly work on the third shaft, which was dismantled a few months ago, is necessary.

Seized yacht remains docked

The SY 'A', seized from the tycoon Andrey Melnichenko, should have left the San Marco Arsenal in Trieste at the end of May, but Fincantieri has updated the date to June 10. The ship has one of the three masts dismantled. Rearranging the yacht from the dock is a job for highly specialized technicians and it takes the time it takes, also because the shipping company is checking every step in view of possible future legal disputes. Report with photo: https://ilpiccolo.gelocal.it/trieste/cronaca/2022/06/02/news/slitta-la-partenza-dello-yacht-dell-oligarca-russo-sotto-sequestro-a-trieste-restera-all-arsenale-per-un-altra-settimana-1.41484408