
Bayesian superyacht lifted off seabed – DW – 06/21/2025
Mike Lynch, his daughter and five others died when the Bayesian yacht sank off Porticello, near Palermo, in August 2024. 15 others survived. Italian authorities are continuing to conduct a full criminal investigation.
A British-flagged luxury superyacht that sank off Sicily last year, killing British tech magnate Mike Lynch and six others, was lifted from the water on Saturday.
Salvage recovery crews completed the complex operation to bring the Bayesian yacht ashore for further investigation.
One of Europe's most powerful maritime cranes hauled the 56-meter-long (184-foot) luxury yacht from beneath the waves during the day.
The salvage team, led by British company TMC Marine, pumped seawater out of the hull and the vessel was held in an elevated position, surrounded by pollution containment booms, while further checks were carried out.
The Bayesian's upper decks appeared badly damaged while the blue hull was encrusted with mud after it had sat on the seabed at a depth of 50 meters
"The hull of the superyacht Bayesian has today been successfully and safely recovered from the sea off the coast of northern Sicily," said TMC Maritime. "This follows a delicate lifting procedure that began early today."
The vessel has been slowly raised from the seabed, 50 meters below the surface, over the past three days to allow the steel lifting straps, slings and harnesses to be secured under the keel.
Eight steel lifting straps were used to put the hull upright and to form part of a steel wire lifting system that began raising the vessel out of the water on Saturday.
The Bayesian was missing its 72-meter (236-foot) mast, which was cut off and left on the seabed for future removal. The mast had to be detached to allow the hull to be brought to a nearly upright position that would allow the craft to be raised.
The floating crane platform will now move the Bayesian to the Sicilian port of Termini Imerese on Sunday, where a special steel cradle is waiting for it.
The vessel will then be made available for investigators to help determine the cause of the sinking.
The Bayesian sank on August 19 off Porticello, near Palermo, during a violent storm as Lynch was treating friends to a cruise to celebrate his acquittal two months earlier in the United States on fraud charges.
The 59-year-old sold Autonomy, a software maker he founded in 1996, to Hewlett-Packard for $11 billion in 2011, and was acquitted of fraud charges in June 2024 by a federal court jury in San Francisco.
Lynch, his daughter and five others died while fifteen people survived, including the captain and all crew members except the chef.
Italian authorities are continuing to conduct a full criminal investigation.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


DW
18 hours ago
- DW
Bayesian superyacht lifted off seabed – DW – 06/21/2025
Mike Lynch, his daughter and five others died when the Bayesian yacht sank off Porticello, near Palermo, in August 2024. 15 others survived. Italian authorities are continuing to conduct a full criminal investigation. A British-flagged luxury superyacht that sank off Sicily last year, killing British tech magnate Mike Lynch and six others, was lifted from the water on Saturday. Salvage recovery crews completed the complex operation to bring the Bayesian yacht ashore for further investigation. One of Europe's most powerful maritime cranes hauled the 56-meter-long (184-foot) luxury yacht from beneath the waves during the day. The salvage team, led by British company TMC Marine, pumped seawater out of the hull and the vessel was held in an elevated position, surrounded by pollution containment booms, while further checks were carried out. The Bayesian's upper decks appeared badly damaged while the blue hull was encrusted with mud after it had sat on the seabed at a depth of 50 meters "The hull of the superyacht Bayesian has today been successfully and safely recovered from the sea off the coast of northern Sicily," said TMC Maritime. "This follows a delicate lifting procedure that began early today." The vessel has been slowly raised from the seabed, 50 meters below the surface, over the past three days to allow the steel lifting straps, slings and harnesses to be secured under the keel. Eight steel lifting straps were used to put the hull upright and to form part of a steel wire lifting system that began raising the vessel out of the water on Saturday. The Bayesian was missing its 72-meter (236-foot) mast, which was cut off and left on the seabed for future removal. The mast had to be detached to allow the hull to be brought to a nearly upright position that would allow the craft to be raised. The floating crane platform will now move the Bayesian to the Sicilian port of Termini Imerese on Sunday, where a special steel cradle is waiting for it. The vessel will then be made available for investigators to help determine the cause of the sinking. The Bayesian sank on August 19 off Porticello, near Palermo, during a violent storm as Lynch was treating friends to a cruise to celebrate his acquittal two months earlier in the United States on fraud charges. The 59-year-old sold Autonomy, a software maker he founded in 1996, to Hewlett-Packard for $11 billion in 2011, and was acquitted of fraud charges in June 2024 by a federal court jury in San Francisco. Lynch, his daughter and five others died while fifteen people survived, including the captain and all crew members except the chef. Italian authorities are continuing to conduct a full criminal investigation.


Int'l Business Times
2 days ago
- Int'l Business Times
Liverpool Bank On 'World-class' Wirtz After Record Deal
The golden boy of German football is set to become the new prince of the Premier League after Florian Wirtz joined Liverpool from Bayer Leverkusen for a club-record fee. Fresh from winning a 20th English top-flight title, Arne Slot's Reds have broken the bank to land a rising star already labelled as one of the world's best by former Reds midfielder and Wirtz's former coach Xabi Alonso. British media reported on Friday that the Premier League champions had agreed a deal worth up to GBP116 million ($157 million) to secure the services of the attacking midfielder. German reports claim the fee is even higher, starting at 130 million euros (GBP111 million, $149 million) with add-ons taking it to 150 million euros. Wirtz's abundant potential as a teenager sparked a row between his hometown club Cologne and Leverkusen five years ago when Leverkusen, who are backed by pharmaceutical giants Bayer, swooped to sign him at 17. Cologne argued that a gentleman's agreement not to poach youth team players had been violated, but Leverkusen said Wirtz was a first-team signing and within months he had made his Bundesliga debut. His rise was interrupted by a cruciate knee ligament injury in March 2022 that forced him to miss the next 10 months. By the time he returned, Alonso had been installed as Leverkusen boss and together they would spearhead the club's greatest days. Leverkusen ended Bayern Munich's dominance of the Bundesliga in stunning fashion, romping to the title and the German Cup without losing a single match in the 2023/24 season. Wirtz netted his first career hat-trick on the day the title was sealed against Werder Bremen, on his way to being crowned Bundesliga player of the year. "Flo is one of the top players in the world, he's world class," said Real Madrid coach Alonso, who compared his protege to Lionel Messi in terms of his understanding of the game. "Why is Messi so good? Because he knows how and when to play simple passes. Messi says: 'You're in a better position? Here, there you have the ball'," added Alonso, a hero of Liverpool's 2005 Champions League triumph. "It's not always about making the most brilliant move, but the best and smartest. Florian can do that. That's why he's so good." Both star player and coach committed to staying with the Leverkusen project for another 12 months, but defeat in the Europa League final to Atalanta to round off the 2023/24 campaign was a sign of things to come. Bayern restored their grip on the German game last season but could not convince Wirtz to follow the lead of many others in joining from their Bundesliga rivals. Instead, he made it clear his preference was a move to the Premier League champions and the chance to add his name to Liverpool's cast of legends. "I'm really excited to have a new adventure in front of me. This was also a big point of my thoughts: that I want to have something completely new, to go out of the Bundesliga and to join the Premier League," said Wirtz. "I spoke also with some players who played there and they told me that it's perfect for me and every pitch is perfect, you can enjoy every game. I'm really looking forward to playing my first game." Despite 57 goals and 65 assists in 197 games for Leverkusen, Wirtz will begin life at Anfield in the shadow of Mohamed Salah. But the Reds are banking on Wirtz's creativity to help maintain the 32-year-old's prolific goalscoring numbers and ease the burden of carrying the Liverpool attack. The club's previous record signing, GBP85 million recruit Darwin Nunez, has failed to deliver and could be sold to help recoup some of their major outlay on new faces. Liverpool will hope Wirtz can handle the pressure of his price tag and the physicality of the Premier League to ensure there is no second season slump under Slot. Florian Wirtz won the Bundesliga with Bayer Leverkusen in 2024 AFP Florian Wirtz has scored seven goals in 31 matches for Germany AFP


Int'l Business Times
3 days ago
- Int'l Business Times
How Trumponomics Has Shaken Global Markets
US President Donald Trump has taken just a few months since his election to upend global financial markets with his economic policies. Many investors are pulling money out of the United States, the mighty dollar has lost its lustre and Wall Street is being outpaced by European stock markets. Here is a look at the financial roller-coaster ride. After years of global dominance, US stocks are feeling the heat -- and Europe is the main beneficiary. Wall Street's S&P 500 index has gained just two percent since the start of the year, compared with 16 percent for Frankfurt's main index. Growth at the exchanges in London (eight percent) and Paris (three percent) is also outstripping Wall Street. Kevin Thozet from the investment firm Carmignac pinned the blame firmly on Trump. The president's flip-flopping on tariffs had created a "high level of uncertainty" about their potential impact on growth, Thozet told AFP. The dollar has lost 10 percent of its value against the euro in the past six months, "its worst performance in 30 years", according to Robert Farago, an analyst at the British investment firm Hargreaves Lansdown. Trump's tariffs are the main culprit but the global reserve currency is also suffering from concerns about the size of the US debt -- exacerbated by a budget proposal from the president that many analysts say will be hugely expensive. While some have suggested the Chinese yuan could become a dollar alternative, ECB chief Christine Lagarde has touted the euro, discussing in May its potentially greater "international role". But any currency attempting to topple the dollar faces plenty of challenges. "The yuan is not convertible, and the euro is too fragmented," said Jean Lemierre, chairman of the board of directors of BNP Paribas. American debt is a cornerstone of the financial system, as the rest of the world lends to the United States in search of a safe investment. But Jamie Dimon, head of JPMorgan Chase, said in early June that the level of US debt was a "real problem" and that bond markets were facing a "tough time". In a sign of the loss of confidence, interest rates on 30-year US Treasury bonds surpassed the symbolic five percent mark at the end of May. "I've always told clients they need US debt if they want an asset that remains intact even in a disaster, but I think that's no longer the case," said Alexandre Hezez, a strategist at Banque Richelieu. Steve Sosnick, chief strategist at US-based Interactive Brokers, told AFP the fact the dollar was falling while rates were rising was "a sign there's money moving out of the US". Investors have long regarded gold as the ultimate safe harbour in a crisis, and the clamour for the metal has seen its value jump by almost 30 percent since the start of the year. Major central banks have also had a hand in pushing up the price, as they look to gold as a more sure bet than dollars to hold in their reserves. Meanwhile, Trump has leant heavily into cryptocurrencies with investments of his own and official measures to bring the assets into the mainstream. Bitcoin passed $100,000 for the first time just after the US election, increasing almost 60 percent in a year. Trump made it a priority to bring down oil prices so that US inflation would come down. Crude oil fell below $60 per barrel in April, its lowest price since 2021. But that was because investors spooked by Trump's tariffs were anticipating weaker demand worldwide if economies slowed. The military escalation between Israel and Iran has seen prices climb again to around $75 a barrel.