VIDEO: Seeking answers - Soundings Online

VIDEO: Seeking answers

Author:
Publish date:

A fire at a Mediterranean Sea resort marina in Turkey destroyed two superyachts with a collective value estimated at $54 million.

The fire occurred Jan. 4 at the Marmaris Yacht Marina in Mu?la. The cause is under investigation, said Yacht Marine Brokerage, which is based in Turkey and posted the dramatic video.

According to European news reports, the initial fire started about 2 a.m. aboard The One, a 240-foot steel and aluminum Lurssen yacht built in 1973. About 30 minutes later, the fire spread to Barbie, a 171-foot fiberglass yacht built in 2006.

The estimated value of the yachts is $32 million and $22 million, respectively.

Strong east-southerly winds of about 35 knots and heavy rain were reported at the time of the fire.

“Insurance underwriters will have appointed a surveyor and loss adjuster immediately, but they will also be examining the policy fine print,” Benjamin Maltby, of MatrixLloyd, a leading authority on superyacht purchases, told Britain’s Daily Mail. “There are plenty of cowboy insurance brokers out there who are anxious to sell policies — but rarely do owners fully understand wordings and what they must do to make sure that payouts are made without fuss.”