Article content
PORTICELLO, Italy (AP) — A British-flagged luxury superyacht that sank off Sicily last year, killing U.K. tech magnate Mike Lynch and six others, was lifted fully out of the water on Saturday afternoon as salvage recovery crews completed the operation to bring it ashore for further investigation.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The white top and blue hull of the 56-meter (184-foot) Bayesian, covered with algae and mud, was visible clear of the sea in a holding area of a yellow floating crane barge.
Article content
Article content
The local coast guard said the lifting operation will be followed by some technical tests on the hull. On Sunday, the vessel will be transported to the Sicilian port of Termini Imerese, where it will be made available for investigators to help determine the cause of the sinking.
Article content
Article content
The Bayesian sank Aug. 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 U.S. on fraud charges. Lynch, his daughter and five others died. Fifteen people survived, including the captain and all crew members except the chef.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Italian authorities are conducting a full criminal investigation.
Article content
TMC Maritime, the company conducting the recovery operation, said the vessel has been slowly raised from the seabed, 50 meters (165-feet) down, over the past three days to allow the steel lifting straps, slings and harnesses to be secured under the keel.
Article content
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 Saturday. As the superyacht was raised, sea water was pumped out of the hull.
Article content
TMC Maritime said the vessel will be held upright, out of the water, for checks and preparations for its final journey.
Article content
The floating crane platform will then move the Bayesian to Termini Imerese, where a special steel cradle is waiting for it.
Article content
Article content
The Bayesian is 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.
Article content
British investigators said in an interim report issued last month that the yacht was knocked over by “extreme wind” and couldn’t recover.
Article content
The report said the crew of the Bayesian had chosen the site where it sank as shelter from forecast thunderstorms. Wind speeds exceeded 70 knots (81 mph) at the time of the sinking and “violently” knocked the vessel over to a 90-degree angle in under 15 seconds.
Article content
Lynch, who sold Autonomy, a software maker he founded in 1996, to Hewlett-Packard for $11 billion in 2011, had been acquitted on fraud charges in June 2024 by a federal court jury in San Francisco.
Article content