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The Yacht Sales Co is Asia Pacific’s premier brokerage service offering sales of the finest brands of power and sailing yachts. Founded by marine industry expert Mark Elkington, the company follows the enduring success of Multihull Solutions, which Elkington established in 2008 and has since become the region’s leading multihull sales specialist.

The Yacht Sales Co is powered by a network of dynamic sales professionals with decades of experience in the marine industry and has Sales Centres situated throughout the Asia Pacific region and representatives worldwide. The company provides unprecedented levels of service and experience within the marine industry. Please feel free to  contact us  today to find out more and discover how we can help you.

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The Yacht Sales Co appointed exclusive Australian dealer for Dufour Yachts

Founded by marine industry expert Mark Elkington, The Yacht Sales Co is set to follow the enduring success of Multihull Solutions, which Elkington established in 2008 and has since become the region’s leading multihull sales specialist.

The Yacht Sales Co deals with the sales of quality new and pre-owned sail and power  yachts and is driven by a dedicated team of highly experienced sales professionals in centres across the company’s Asia Pacific network.

The company has commemorated its launch with the announcement it has been appointed exclusive Australian dealer of the prestigious Dufour brand of sailing monohulls.

Mark Elkington said the partnership was an exciting endorsement for The Yacht Sales Co, which already has a strong and enduring relationship with Dufour’s parent company, the Fountaine Pajot Group, following decades of representing their range of world-leading catamarans in the region.

“We are honoured to be chosen as Dufour’s official distributor and dealer and are looking forward to showcasing these superb yachts to our extensive database of new and existing clients,” Elkington said.

“Our professional sales and marketing team will be led by Bob Vinks, a highly respected marine industry professional, who has a strategic plan to significantly expand Dufour’s presence in the region,” he said.

“With our team’s history of selling more than 100 boats per year, we are confident of achieving excellent sales for this renowned international brand.”

The Yacht Sales Co has secured the new model Dufour 470 for delivery to Australia in early 2021, which the shipyard has claimed will be “a game changer for the sailing monohull market.”

The Yacht Sales Co is celebrating its launch with an exclusive offer for those looking to list their yacht for sale with the company’s brokerage division.  All new listings will enjoy one month’s free hardstand display at the company’s “Out-of-Water” Boat Show, located at The Boat Works’ dynamic marine precinct on the Gold Coast. This innovative facility allows sellers to showcase their yacht in a premium, secure venue that enjoys solid exposure to genuine buyers.

New listings will also receive a free valuation, 30 per cent off marina fees, a free professional photography package, plus free fortnightly washdown service on the hardstand if the yacht is display at the Gold Coast Sales Centre.

Further information about The Yacht Sales Co and Dufour can be found here or obtained by contacting +61 (0)7 5452 5164 or emailing  [email protected] .

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Australia’s largest yacht brokerage & exclusive dealer of a selection of premier yacht brands

POWER | SAIL | MULTIHULL | SUPERYACHT

We are Australia’s exclusive dealer of a selection of premium yacht brands. 

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The Yacht Sales Co | Maritimo

THE YACHT SALES CO APPOINTED EXCLUSIVE MARITIMO SOUTHEAST ASIA DEALER

The Yacht Sales Co continues to consolidate its position as the leader in premium yacht sales with its appointment as Maritimo’s exclusive Southeast Asia dealer.

The company was selected by the renowned Australian luxury motor yacht manufacturer to represent Maritimo in Singapore, Malaysia, Philippines, Indonesia, Thailand and Hong Kong.

The appointment is a significant step in The Yacht Sales Co.’s growth in the Asia Pacific region with numerous Sales Centres now established in Australia, New Zealand, the Pacific and in multiple locations across Southeast Asia, including the best boating hubs of Phuket in Thailand and Sentosa in Singapore.

The Yacht Sales Co CEO Mark Elkington said the team was honoured by the appointment and look forward to assisting Maritimo with its development and future growth in the region.

“We are extremely proud to represent this iconic Australian brand that was founded by industry legend Bill Barry-Cotter and now has his legacy being continued by Tom Barry-Cotter and his team,” Mark said.

“With our expansive sales network and absolute commitment to delivering outstanding client service, we are confident The Yacht Sales Co will be instrumental in Maritimo’s future success in Southeast Asia.

“Maritimo is a vanguard of Australian boat building and design, continually evolving their designs to produce high-quality, offshore luxury motor yachts, and we look forward to helping buyers in Southeast Asia discover the many attributes of this leading brand,” he said.

Maritimo’s global business development manager Derrick Nowak said the shipyard selected The Yacht Sales Co because of its extensive sales network and outstanding service reputation.

“The Yacht Sales Co is best positioned to support clients anywhere in the region to the degree they expect and deserve, and to the level that is Maritimo,” Derrick said.

Maritimo managing director Tom Barry-Cotter said the new partnership was a wonderful way to launch the brand’s 20 th anniversary celebrations.

“We are excited to know that Maritimo owners will have a consistent experience with The Yacht Sales Co across the region. No matter whether they live in Hong Kong or Singapore and then keep their Maritimo in Thailand, The Yacht Sales Co is the right choice as they have a huge database of clientele to view our range of unique, handcrafted, long-range motor yachts,” Tom said.

The Yacht Sales Co. is well established in the region, having enjoyed a long-standing presence with sister company, Multihull Solutions. In addition to Maritimo in Southeast Asia, the company represents a discerning selection of the world’s premier brands, including Fountaine Pajot sail and motor yachts, Dufour Yachts, Cora Cat, Absolute Yachts, NEEL and LEEN Trimarans and Tesoro Yachts.

Mark Elkington said there was exciting potential for Maritimo’s growth in Southeast Asia with strong demand for larger luxury motor yachts that are leading in design, have numerous engine options and deliver safe, outstanding blue-water performance.

“The Yacht Sales Co has a comprehensive strategy to develop this premier Australian brand in the region, and we look forward to helping new and existing clients discover what makes Maritimo so special,” Mark said.

“As part of this strategy, we are increasing our presence in Southeast Asia, opening larger new sales centre in Sentosa, Singapore, as well as Ocean Marina in Thailand.

“We will also be opening a new sales facility in Hong Kong later this year, resulting in a total of seven sales centres in the region that are dedicated to helping clients realise their boating dreams and provide a new standard in after-sales service,” he said.

The Yacht Sales Co has significantly expanded its client service team accordingly with the appointment of Nicolich Boby Noman (Boby) as Southeast Asia service manager and Jim Poulson as the region’s Maritimo brand manager.

Maritimo has established a highly respected reputation throughout the international yachting industry with its models built on the principles of engineering excellence, construction integrity and design innovation.

Hand built by the finest craftsmen, Maritimo offers luxury motor yachts in three distinctive ranges: the M-Series Flybridge, the S-Series Sedan and the new Offshore Series.  Experience gained from the World Champion Maritimo Racing division, infuses ocean-proven endurance and unparalleled abilities in the water into every Maritimo.

Further information can be obtained by contacting The Yacht Sales Co in Singapore on +65 9633 3488 or Thailand on +66 (0) 76 238 117, emailing [email protected] or visiting the website at www.yachtsalesco.com .

<ends>

Image caption: The Yacht Sales Co team and Maritimo celebrate the appointment announcement.

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Family of Mike Lynch's co-defendant who died after car accident days before yacht sinking pay tribute

Stephen Chamberlain and the tech tycoon had faced charges of fraud and conspiracy but were acquitted by a US jury in June. He was involved in a collision with a car in Cambridgeshire on Saturday.

Business reporter @taaffems

Tuesday 20 August 2024 11:40, UK

The family of Mike Lynch's co-defendant in a recent US fraud trial have paid tribute to a "much-loved husband, father, son" after it was confirmed he died following a road accident that occurred a couple of days before the British tech tycoon went missing.

Stephen Chamberlain, the former vice president of the finance company Autonomy, was hit by a car while out running in Cambridgeshire on Saturday morning, his lawyer said.

Mr Chamberlain had faced the same charges of fraud and conspiracy as his former boss Mr Lynch - one of six people reported missing after a luxury yacht was struck by an unexpectedly violent storm and sank off Sicily early on Monday.

He had been accused of allegedly scheming to inflate the value of Autonomy, then Britain's largest software firm, before it was sold to Hewlett-Packard (HP) in 2011.

In a statement released by Cambridgeshire Constabulary, his family said in a statement: "Steve was a much-loved husband, father, son, brother and friend.

"He was an amazing individual whose only goal in life was to help others in any way possible.

"He made a lasting impression on everyone who had the privilege of knowing him.

"He will be deeply missed but forever in the hearts of his loved ones."

Mr Chamberlain and Mr Lynch were acquitted of all 15 charges by a jury in the fraud case in San Francisco in June.

In a statement on Monday, Mr Chamberlain's lawyer, Gary Lincenberg, who described him as a "dear client and friend", said he had died after being "fatally struck" by a car while out running near Stretham.

At the weekend police in Cambridgeshire appealed for witnesses and information after a man in his 50s, from Longstanton, was taken to hospital with serious injuries.

The force said a blue Vauxhall Corsa was travelling between Stretham and Wicken on the A1123 when it collided with a pedestrian at about 10.10am in Newmarket Road. On Tuesday, it renewed its appeal.

The force added in a statement: "The driver of the car, a 49-year-old woman from Haddenham, remained at the scene and is assisting with enquiries."

Meanwhile, a search for Mr Lynch, 59, is still under way after a UK-flagged superyacht named Bayesian sank .

One person is dead and the British tech billionaire, who owned the 56-metre vessel (183ft), is one of six people missing, including several of others Mr Lynch has worked with.

Mr Lynch's 18-year-old daughter Hannah is among those missing after his yacht sank, local media reports, however his wife Angela Bacares is confirmed to be among the 15 people who were rescued after it capsized at about 4.30am local time (3.30am UK time) on Monday.

Follow live updates: People missing after superyacht sinks

Mr Chamberlain worked as Autonomy's vice president of finance until he left in 2012 to work as chief operating officer for cybersecurity firm Darktrace, a firm founded by Invoke Capital, which itself was owned by Mr Lynch.

Keep up with all the latest news from the UK and around the world by following Sky News

He also volunteered as a finance director for Cambridge United, according to his LinkedIn profile.

The sale of Autonomy was the biggest tech takeover of a FTSE 100 firm at the time - but HP wrote down £5.5bn of the company's value within a year, claiming revenue streams were inflated.

Related Topics

• Superyacht sinking

Electric Construction Equipment

Heavy equipment, epca plans to convert 50-70 mining trucks to electric power annually.

Located in Perth, Western Australia, EPCA became famous for its “Green Machine,” a CAT 777 100-ton haul truck it converted to electric power. Now, the company says it has plans to produce 50-70 more of the battery electric mining trucks … each year.

After showcasing its Green Machine at two major mining events in Australia recently, EPCA (an acronym that stands for Electric Power Conversion Australia) a recent case study commissioned by one of the company’s key suppliers says it has plans to produce 50-70 of its 100-ton battery electric mining trucks annually.

There might be demand, too. Switching the CAT from diesel to battery electric power boosts the haul truck’s horsepower from 1,000 hp to 1,120 hp, and bumps torque from 4,700 Nm (3,400 lb ft) to 5,200 Nm (3,835 lb ft), and that torque increase comes at 0 rpm.

The electrons powering those motors are provided courtesy of six 290 kWh Xerotech batteries running in parallel. The combined battery pack is good for some 1740 kWh of energy storage,  which makes it one of the biggest vehicle batteries we’ve ever heard of .

For their part, the EPCA team seem pretty proud of their new truck. Clayton Franklin, Chief Engineer and Founder of EPCA, said, “We’ve now got the world’s highest energy density, full battery-electric mining truck … our mining clients here in Australia are ecstatic that this truck is being built and manufactured right here in Western Australia.”

With 5,500 mining trucks currently operating in Australia ( and more than 55,000 operating globally ), finding buyers for 50-70 trucks per year seems pretty doable. The only question now is whether EPCA – or, more accurately, Xerotech – can get them built.

Electrek’s Take

As we discussed in our special mining episode of  Quick Charge , mines are great applications for battery-electric vehicles, and massive electric vehicles like this one from EPCA and similar models from Caterpillar and Liebherr are filling out the market nicely. That said, I think I made these points well enough there to repost the video, below, and argue out the details in the comments. Enjoy!

Quick Charge mining episode

SOURCE | IMAGES : EPCA, via International Mining ; LinkedIn .

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I’ve been in and around the auto industry since the 90s, and have written for a number of well-known outlets like CleanTechnica, the Truth About Cars, Popular Mechanics, and more. You can catch me on The Heavy Equipment Podcast with Mike Switzer, the AutoHub Show with Ian and Jeff, or chasing my kids around Oak Park, IL.

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Pre-Owned Yachts for Sale

In addition to our extensive range of premier new boats for sale, The Yacht Sales Co has a quality Pre-owned Brokerage division with an extensive array of yachts available.  At The Yacht Sales Co, we only list quality pre-owned yachts in excellent condition, so you can purchase any of our pre-owned boats with absolute confidence and peace of mind.

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The Yacht Sales Co has a wide range of quality pre-owned/used yachts for sale from leading brands, including Dufour Yachts , Beneteau, Jeanneau, Nordhavn, Maritimo, Horizon, Riviera and more.

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Mike Lynch's co-defendant in US trial dies in UK road accident

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Reporting by Paul Sandle, Alistair Smout and Andrew MacAskill; Additional reporting by Catarina Demony; Editing by Hugh Lawson, Sandra Maler and Bernadette Baum

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Four injured in Sydney stabbing attack, Australia police say

Four people including a police officer were injured in a stabbing attack in Sydney early on Sunday, police said, the latest in a series of knife assaults in Australia's biggest city this year.

British tech entrepreneur Mike Lynch missing after superyacht sinks in storm off coast of Sicily

Topic: Maritime Accidents and Incidents

Video released by Italian authorities show the stretch of sea near Palermo, Sicily, where the superyacht Bayesian sank.   ( AP: via Vigili del Fuoco )

British tech entrepreneur Mike Lynch, his lawyer and four other people are missing after a superyacht carrying 22 people sank off the coast of Sicily, authorities say. 

Fifteen people, including Mr Lynch's wife, have been rescued after the boat was hit by a violent storm at sunrise, according to the Italian Coast Guard. 

What's next?

Divers had located the wreck 50 metres underwater and search operations are continuing. 

British tech entrepreneur Mike Lynch, his lawyer and four other people are missing after a superyacht carrying 22 people capsized and sank off the coast of Sicily due to bad weather.

Mr Lynch's wife and 14 other people were rescued, including a one-year-old girl, and one person has died.

A person familiar with the rescue operation confirmed to Reuters that Mr Lynch's 18-year-old daughter Hannah has not been accounted for.

The British-flagged, 56-metre Bayesian had a crew of 10 people and 12 passengers, representing British, American and Canadian nationalities, the Italian Coast Guard said.

British tech entrepreneur Mike Lynch is reportedly among those missing. ( Reuters: Henry Nicholls )

Managers of the sailing yacht Bayesian, Camper & Nicholsons, confirmed to the ABC that the Bayesian encountered severe weather and subsequently sank near the Sicilian capital Palermo, Italy, at 4:30am Monday, local time. 

"Our priority is assisting with the ongoing search and providing all necessary support to the rescued passengers and crew," they said. 

Fifteen people were rescued and taken to shore at Porticello, where eight were receiving treatment in hospital and remain in a stable condition, the Italian Coast Guard said.

One body has been recovered and police divers were trying to reach the hull of the ship, which was resting at a depth of 50 meters where it had been anchored.

British Bill Gates missing

Mr Lynch is often dubbed by UK media as "the British Bill Gates" and the BBC confirmed the luxury yacht was tied to his wife, Angela Bacares.

According to maritime data service Equasis, the owner of the the Bayesian is listed as Revtom Ltd, the BBC reported.

Additionally, the yacht's name would resonate with Mr Lynch because his PhD thesis and the software that made his fortune was based on Bayesian theory.

Mr Lynch was acquitted in June by a jury in San Francisco of fraud charges linked to the sale of his software company, Autonomy, to Hewlett-Packard for $US11 billion ($16.4 billion) in 2011.

He said at the time that he was "elated" to be cleared in the criminal trial in which he denied any wrongdoing, and blamed HP for botching the integration of the two companies.

In a separate incident, Mr Lynch's co-defendant in the trial, Stephen Chamberlain, died on Monday after a road accident left him critically injured.

Mr Chamberlain — Autonomy's former vice-president of finance alongside Mr Lynch — had been placed on life support after being hit by a car in Cambridgeshire on Saturday morning.

Rescued baby held above waves 

The coast guard said that rescue efforts had located the wreck at a depth of 50 metres underwater. 

The Italian fire and rescue service agency said search operations at sea were continuing with the coordination of the Italian Coast Guard, in a translated post on the social media platform X. 

One of the survivors, identified only as Charlotte, said she had momentarily lost hold of her 1-year-old daughter Sofia in the water, but then managed to hold her up over the waves until a lifeboat inflated and they were both pulled to safety, Italian news agency ANSA reported.

A spokesperson for the UK's Foreign, Commonwealth and Development Office said they were providing support to British nationals.

"We are providing consular support to a number of British nationals and their families following an incident in Sicily, and are in contact with the local authorities"

Captain of nearby boat helped rescue passengers

The captain of a nearby boat that helped to rescue passengers from the Bayesian said that when the storm hit he turned his engine on to keep control of the vessel and avoid a collision with the Bayesian.

"We managed to keep the ship in position and after the storm was over, we noticed that the ship behind us was gone," Karsten Borner told Reuters.

He said that his crew then found 15 survivors on a life raft, including three who were seriously injured and took them on board before the coast guard picked them up.

"There were 15 people inside," he said.

"Then we communicated with the Coast Guard and after some time, the Coast Guard came and later picked up injured people, and 2 hours later they picked up the other people."

Mr Borner said "a little baby and the wife of the owner" were among the survivors, while the owner of the sunken ship and another child were among those missing.

He described the conditions as "very strong" and said that his vessel was "heeling" but the Bayesian "went flat on the water and then down".

"There was a light and we saw that the ship was aside and then we saw a triangle," he said.

"So I think she went back down."

Storms and heavy rainfall swept Italy in recent days

Prosecutors in the nearby town of Termini Imerese have opened an investigation to look into what had gone wrong.

The Bayesian, seen the night before it sank, has the tallest aluminium mast in the world. ( Reuters: Baia Santa Nicolicchia/Fabio La Bianca )

"The wind was very strong," a coast guard official in Palermo told Reuters.

"Bad weather was expected, but not of this magnitude."

After weeks of scorching heat, storms and heavy rainfall have swept down Italy in recent days — with floods and landslides causing major damage in the north of the country. 

Local media said a fierce storm, including water spouts, had battered the area overnight but skies were clear and seas calm by Monday morning.

The ANSA news agency said the yacht, built in 2008 by the Italian firm Perini Navi, had been moored off the port at Porticello.

The yacht had won a string of awards for its design and can accommodate up to 12 guests in six suites and a crew of 10, according to online specialist yacht sites.

The Bayesian was known for its single 75-meter mast, one of the world’s tallest made of aluminium and which was lit up at night, just hours before it sank.