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Friday 15 December 2023

Larry marks - a golden sailor from a golden era.

The world of sailing today is a quieter and poorer place with the news that one of the UK's very best helms from the golden era of our sport has passed following a battle with illness. And what a fight it would have been, because first and foremost Larry Marks was a fierce competitor who would never give up on a race.

A hard driver of boat, crew, but most of all himself, in later years Larry would almost downplay his many achievements, not through false modesty but because his successes were 'what he did', through hard work, preparation, plus a huge chunk of self-taught talent, for his family background was far from the conventional next generation of sailors approach.

One of Larry's many famous quotes was that he believed more in determination than in any 'quick fix', with that strength of character that gave him the will to keep going evidenced by the efforts it took for him to make it to Hayling, where once again he was surrounded by so many he had crossed tacks with over the years.

Being old FiveO sailors, you'll not keep us away from a good meal and a bar for long, with one thing being for certain; the next time we meet, that traditional toast of 'absent friends' will have taken on a whole new meaning.

Larry Marks: 1 June 1935 - 10 December 2023

In the two days since Larry's death, word has come in from sailors around the globe, all asking that their thoughts be expressed and their deepest condolences passed on to Judy, Lisa, Phillipa and all the family.

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Remembering Larry Marks: A Pioneer of Sailing in the 60s and 70s

Larry Marks was a prominent sailor in the 60s and 70s, known for his fierce competitiveness and numerous achievements in the world of sailing. From building his first boat to winning world titles, Marks made a significant impact on the sailing community.

Larry Marks' legacy and contributions to the sport of sailing serve as an inspiration and a testament to the power of determination and hard work in achieving success, leaving a lasting impact on the sailing community.

• Larry Marks won the 5o5 World Championships in 1969 in Argentina and again in Plymouth in the following year.
• Larry Marks was involved in preparing a Hustler 32 for the Half Ton Cup, showcasing his versatility and success across different boat classes.
• Larry Marks' passing marks the end of an era in sailing, leaving behind a rich legacy and inspiring countless sailors with his determination and success.

Larry Marks' remarkable journey from building his first boat to achieving world titles exemplifies the power of determination and hard work in leaving a lasting impact on the sailing community, inspiring future generations of sailors.

The summary of the linked article was generated with the assistance of artificial intelligence technology from OpenAI

www.sail-world.com • Dougal Henshall

Larry Marks

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How to buy a superyacht like you're Larry Page or Mark Cuban

1000zen / Flickr

"Octopus" is a massive, 414-foot yacht owned by Microsoft cofounder Paul Allen.

The superyacht has become a status symbol among the wealthiest in tech - from Google CEO Larry Page's 193-foot "Senses" all the way up to Microsoft cofounder Paul Allen's 414-foot "Octopus."

But even if you're a billionaire fresh off of an IPO, there are a lot of things to consider before choosing to add a yacht to your toy collection.

" Buying a yacht - it's not a logical business decision. You can't rationalize it," Rupert Connor, owner of crew agency Luxury Yacht Group, said to Business Insider. " You can't use a spreadsheet to say, 'This is the breakeven point for happiness.'"

How much are you willing to pay?

You can usually find listings for boats currently available for purchase or charter on yachting industry sites like Yachtworld.com and Yatco.com . Individual firms, like Fraser Yachts , often maintain their own internal listings.

The most inexpensive yacht currently listed for sale on Fraser Yachts' web site is a 60-foot boat called "Reel Action." It's listed for $239,000.

Justin Sullivan/Getty Images, Ari Helminen/Flickr

Google CEO Larry Page owns a 193-foot yacht called "Senses."

On the higher end of the scale, there's "Imagine," a 213-foot yacht that's on the market for $82 million.

But that list price doesn't even begin to tell the whole story of how much money you should be willing to spend if you decide to buy a yacht.

Annual operating costs - fuel, crew salaries, maintenance, and paint, for example - can be very steep.

Though many in the yachting world have said that you should expect to pay 10% of the purchase price on operations each year, Connor says that fees can actually be much higher than that.

Connor stressed the importance of surveying a yacht before buying it, as you may uncover structural flaws whose fixes will definitely stretch your budget.

" As boats get older, the capital value goes up, and the operating and maintenance costs also go up," Connor said. " The 10% figure is wrong, and it gets repeated all the time."

For a 200-foot-yacht, like Page's "Senses," fuel alone could cost about $800,000 annually. Maintenance might cost as much as $750,000 a year.

Page reportedly paid $45 million for the yacht in 2011 - it has a jacuzzi, helicopter pad, and interiors designed by Philippe Starck.

How often can you reasonably use it?

Some would-be yacht owners might think they could offset the costs of a yacht by making it available for charter when they're not using it.

Handout/Getty Images

However, Connor says that it does not make much financial sense to buy a yacht just to charter it, as the operating costs will far outweigh any profit you might make.

" Most people who buy yachts don't have to rationalize the purchase, though. They can afford it," Connor said.

Michael Busacca, U.S. Commercial Director and COO at Fraser Yachts, says it is possible to make money out of chartering your yacht if you give up the freedom of using it whenever you want.

Still, it's probably best not to depend on charter to make up the difference.

"T he owner needs to be very flexible on their own personal usage while in charter, especially during peak charter periods such as Christmas and New Years," Busacca said to Business Insider.

How many crew members are you looking to hire?

The number of crew members you'll hire will vary depending on the size of the yacht. While an 80-foot yacht might require only two crew members to operate, you might need to hire up to 60 people if you have a larger boat.

According to Fraser Yachts, some of the most commonly hired crew members include a captain, chief mate, chief engineer, chief steward, chef, and deckhands.

Luxury Yacht Group suggests setting a salary of $7,000 to $15,000 a month for an experienced captain. Mates should make between $3,000 and $7,000 a month, while a deckhand makes between $2,000 and $4,000. Crew members should be paid more on larger yachts, according to Luxury Yacht Group's guidelines .

donjohnson / Flickr

A crew member onboard "Octopus."

Allen reportedly keeps a permanent crew of 60 onboard "Octopus." The yacht has 28 cabins just for the crew, according to the Superyacht Times .

What amenities do you want?

Yachts can come with all kinds of special features.

" Of course, new build yachts can be fully customized to the client's liking," Busacca said. "Many requests include, but are not limited to, on-deck hot tubs, gym, wave runners, tenders, separate crew quarters, on deck master stateroom, satellite communication and entertainment systems."

Google chairman Eric Schmidt reportedly paid $72.3 million for the 194-foot yacht "Oasis" in 2009. The superyacht has plenty of amenities, including a pool, jet skis, and a gym that can be converted into a disco.

Allen's "Octopus" yacht is fully equipped with a pool, two helicopters, a movie theater, basketball court, and a recording studio.

Former Oracle CEO Larry Ellison named his 288-foot yacht "Musashi" after a revered 16th-century Japanese warrior. The boat's amenities include two master suites and a basketball hoop.

romanboed / Flickr

The 288-foot "Musashi" yacht is owned by Oracle billionaire Larry Ellison.

Mark Cuban's 288-foot "Fountainhead" yacht is the sister ship to Ellison's "Musashi." The two ships look nearly the same from the outside, though Cuban reportedly went for a more antique-inspired interior.

Where will you register the yacht?

Where you decide to register your yacht is very important , as it determines how much you will pay in taxes, how liable you will be for operating in international waters, and how you can operate the yacht as a commercial enterprise.

Places like the Cayman Islands and Marshall Islands are popular among yacht owners because they operate under tax laws similar to Delaware's, where many businesses often choose to incorporate.

Page , Schmidt , Allen , Ellison , and Cuban all registered their superyachts in the Cayman Islands, according to MarineTraffic .

"There are tax benefits to registering in the Cayman Islands," Connor said. "The flag behind the yacht shows which rules you're following."

Clive McCartney, U.S. Manager of Yacht Services at Fraser Yachts, explains what you should take into consideration.

"There are many things to consider including tax implications, operational requirements and the service required from your flag state," McCartney said. "Do they have their own surveyors or do they contract it to third parties, what safety code do they apply, how do they treat exemption requests, and what is their safety record? Registration of the yacht should be discussed with your Maritime Attorney and your Yacht Manager before making a decision."

Malta and the Isle of Man are also common registration points among European yacht owners.

NOW WATCH: This Tremendous Superyacht Has Over 10,000 Square Feet Of Living Space

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Larry Ellison’s Yacht Musashi: Everything You Want To Know

American billionaire Larry Ellison was the co-founder of Oracle Corporation and is believed to have a net worth of nearly $114 billion. Ellison is no stranger to the yachting world and used to co-own a yacht with David Geffen for many years. There was a rumor he sold his stake to Geffen because he thought their 453 foot yacht the Rising Sun was just too big for him. That was back in 2010. Since that time, Ellison has gone on to purchase his own yacht

Design and Features of Larry Ellison’s Yacht

Ellison’s yacht is known as Musashi. It was built in 2011, just after he sold his previous yacht to David Geffen. It was built by the company Feadship with an exterior design by De Voogt naval architects and interior handled by Sinot Yacht Design.

The vessel has a steel hull and an aluminum superstructure. The decks are teak. The superyacht features at-anchor stabilizers to increase comfort. The on board water tanks store around 88,000 liters of fresh water.

What’s with Larry Ellison and Miyamoto Musashi?

Other yachts that Ellison has owned included the Ronin and the Katana. All four of these yachts have a noticeable theme in common and that is Japan with a strong leaning towards samurai culture. 

While Rising Sun is a reference to Japan itself, often called the Land of the Rising Sun, the other names are more samurai inspired. Ronin is the name of a masterless samurai while a katana is a type of sword that is often associated with the warriors. As for Musashi, that comes from a famous samurai warrior and Japanese swordsman named Miyamoto Musashi. It was said Musashi was a master swordsman and was undefeated in over 60 duels. 

This appreciation for Japanese culture also inspired some of the design elements of the yacht seen in the Sinot yacht architecture. That includes things like an overall minimalistic Japanese style, clean lines along the exterior to the materials and art found within which either reflect Japanese style or design esthetics.  One of the most notable pieces is a Hiroshi Senju painting.

Interior of Larry Ellison’s Yacht

The Musashi superyacht has been designed to accommodate up to 18 guests at a time, in addition to the crew who run the ship. That includes 10 guest suites, two of which are VIP cabins. Among the many features available for guests you can find

• a movie theater
• a swimming pool
• basketball court
• volleyball court
• beach and water toys

The 5 deck yacht can be accessed easily thanks to an elevator to take you where you need to go. Failing that, there’s a stainless steel and glass staircase that can take you through the structure. The design is a little unusual and where a tender garage would normally be kept on the lower decks is the gym and spa and then crew quarters as well as access to the inner workings of the ship are down below.

The Musashi also features a basketball court on board as well that can be converted for playing other sports like football and volleyball as a crane that can launch racing boats.

There is a tender garage, of course, but it’s located on the main deck as part of the giant beach club. You can also find a cinema on the main deck that converts to a lounge and then most of the guest cabins are on this level as well.

Heading to the upper deck, half of this entire space is reserved for the largest of the VIP suites. 

How Much Did Musashi Cost?

According to various reports, Musashi cost Ellison about $160 million. That doesn’t put it in the running to be the most expensive yacht in the world by any means, but it’s definitely an expensive superyacht.

The annual expense for running the yacht which includes everything from taxes and licenses, salary for the crew and fuel expenses is believed to run between $10 million and $20 million per year. That may seem like a lot but it’s pretty standard for a yacht of this size. This is part of the reason why many billionaire yacht owners will put their yacht up for charter during times when they are not using it. It’s much easier to cut those expenses when other people are paying them. 

That said, Ellison has not opted to make his yacht available for charter. At least not yet, anyway.

Speed and Propulsion

Musashi is powered by twin 5,766hp MTU 20V4000 M93L diesel engines.

• The yacht has a fuel capacity of 335,000 L (88,000 US gal).
• That means that Musashi has a maximum range of 6,000 nmi (11,000 km) at 12 knots (22 km/h).
• Cruising speed is 18 knots and a top speed of 21 knots.

The crew of the Musashi numbers around 24 and there are 10 crew cabins on board. This includes the crew needed to actually operate the vessel as well as additional crew members such as a chef and others who are able to see to the needs of the passengers for whatever they might require.

Musashi is a large yacht, though far from the largest yacht in the world.   It measures 288 feet in length, and has a beam of 45.6 feet. The draft is 13.5 feet and the gross tonnage of the megayacht is 2,463 tons. 

How Does The Musashi Yacht Compare to Other Luxury Yachts?

One of the most obvious comparisons you can make is between this luxury superyacht and Ellison’s previous yacht the Rising Sun , owned by David Geffen. The Rising Sun is 453 feet which is 165 feet longer than Musashi. The Rising Sun was also said to have a cost of around $200 million compared to the $160 million of Musashi. 

While $160 million is nothing to sneeze at, the current reigning title for most expensive yacht seems to belong to the Eclipse, owned by Russian oligarch Roman Abramovich which, after the initial purchase and various retrofits and upgrades, is said to have cost him $1.5 billion.

In terms of size, Musashi also falls short of the largest yacht in the world which is the massive Azzam. It measures in at 180 meters which is nearly 600 feet in length.

The Bottom Line

Larry Ellison was the founder of Oracle and is one of the top ten richest people in the world. He spent $160 million on his yacht Musashi, named after a historical samurai. Musashi measures in at 288 feet in length and can handle up to 18 guests on board. The yacht features a pool, spa, gym and other amenities and is very much inspired by Japanese design elements. 

My grandfather first took me fishing when I was too young to actually hold up a rod on my own. As an avid camper, hiker, and nature enthusiast I'm always looking for a new adventure.

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Cruising the Moskva River: A short guide to boat trips in Russia’s capital

There’s hardly a better way to absorb Moscow’s atmosphere than on a ship sailing up and down the Moskva River. While complicated ticketing, loud music and chilling winds might dampen the anticipated fun, this checklist will help you to enjoy the scenic views and not fall into common tourist traps.

How to find the right boat?

There are plenty of boats and selecting the right one might be challenging. The size of the boat should be your main criteria.

Plenty of small boats cruise the Moskva River, and the most vivid one is this yellow Lay’s-branded boat. Everyone who has ever visited Moscow probably has seen it.

This option might leave a passenger disembarking partially deaf as the merciless Russian pop music blasts onboard. A free spirit, however, will find partying on such a vessel to be an unforgettable and authentic experience that’s almost a metaphor for life in modern Russia: too loud, and sometimes too welcoming. Tickets start at $13 (800 rubles) per person.

Bigger boats offer smoother sailing and tend to attract foreign visitors because of their distinct Soviet aura. Indeed, many of the older vessels must have seen better days. They are still afloat, however, and getting aboard is a unique ‘cultural’ experience. Sometimes the crew might offer lunch or dinner to passengers, but this option must be purchased with the ticket. Here is one such  option  offering dinner for $24 (1,490 rubles).

If you want to travel in style, consider Flotilla Radisson. These large, modern vessels are quite posh, with a cozy restaurant and an attentive crew at your service. Even though the selection of wines and food is modest, these vessels are still much better than other boats.

Surprisingly, the luxurious boats are priced rather modestly, and a single ticket goes for $17-$32 (1,100-2,000 rubles); also expect a reasonable restaurant bill on top.

How to buy tickets?

Women holding photos of ships promise huge discounts to “the young and beautiful,” and give personal invitations for river tours. They sound and look nice, but there’s a small catch: their ticket prices are usually more than those purchased online.

“We bought tickets from street hawkers for 900 rubles each, only to later discover that the other passengers bought their tickets twice as cheap!”  wrote  (in Russian) a disappointed Rostislav on a travel company website.

Nevertheless, buying from street hawkers has one considerable advantage: they personally escort you to the vessel so that you don’t waste time looking for the boat on your own.

Prices start at $13 (800 rubles) for one ride, and for an additional $6.5 (400 rubles) you can purchase an unlimited number of tours on the same boat on any given day.

Flotilla Radisson has official ticket offices at Gorky Park and Hotel Ukraine, but they’re often sold out.

Buying online is an option that might save some cash. Websites such as  this   offer considerable discounts for tickets sold online. On a busy Friday night an online purchase might be the only chance to get a ticket on a Flotilla Radisson boat.

This  website  (in Russian) offers multiple options for short river cruises in and around the city center, including offbeat options such as ‘disco cruises’ and ‘children cruises.’ This other  website  sells tickets online, but doesn’t have an English version. The interface is intuitive, however.

Buying tickets online has its bad points, however. The most common is confusing which pier you should go to and missing your river tour.

“I once bought tickets online to save with the discount that the website offered,” said Igor Shvarkin from Moscow. “The pier was initially marked as ‘Park Kultury,’ but when I arrived it wasn’t easy to find my boat because there were too many there. My guests had to walk a considerable distance before I finally found the vessel that accepted my tickets purchased online,” said the man.

There are two main boarding piers in the city center:  Hotel Ukraine  and  Park Kultury . Always take note of your particular berth when buying tickets online.

Where to sit onboard?

Even on a warm day, the headwind might be chilly for passengers on deck. Make sure you have warm clothes, or that the crew has blankets ready upon request.

The glass-encased hold makes the tour much more comfortable, but not at the expense of having an enjoyable experience.

Getting off the boat requires preparation as well. Ideally, you should be able to disembark on any pier along the way. In reality, passengers never know where the boat’s captain will make the next stop. Street hawkers often tell passengers in advance where they’ll be able to disembark. If you buy tickets online then you’ll have to research it yourself.

There’s a chance that the captain won’t make any stops at all and will take you back to where the tour began, which is the case with Flotilla Radisson. The safest option is to automatically expect that you’ll return to the pier where you started.

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Nominees > Contributor , Sailing

Living , Modern

Larry’s Ellison’s passion for sailing has led to technological advances and innovations in sailing that have trickled down for the rest of the sport.

Beyond winning five Maxi World Championships on his 78-foot yacht, Sayonara , and winning the America’s Cup twice (2010, 2013), Larry has contributed to the development of sailing at the highest levels by creating pathways for younger sailors coming up through the sport. Beginning with the inclusion of the Red Bull Youth America’s Cup in San Francisco, to developing SailGP and the F50 as a new niche of the sport, he has had a profound impact on the sport of sailing in the United States.

“I was passionate about sailing and the idea of sailing … the idyllic independence … traveling with the wind.” – Larry Ellison

Accomplishments and Honors • In the 1990’s, on 78-foot Sayonara , won 5 Maxi World Championships • Oracle Team USA: following success racing Maxi yachts, Ellison founded BMW Oracle Racing to compete for the 2003 Louis Vuitton Cup. The BMW Oracle/Oracle USA team has owned several boats, including:

• USA 71 trial boat for the 2003 America’s Cup.
• USA 76 race boat for the 2003 America’s Cup.
• USA 87 used in preparations for the 2007 Louis Vuitton Cup.
• USA 98 raced in the Louis Vuitton Cup 2007 campaign.
• USA 17, trimaran. Sailing with a rigid wing sail, she won the 2010 America’s Cup, in a Deed of Gift match against SNG/Alinghi Valencia.
• USA17, an AC72 catamaran for the 2013 America’s Cup defense. Extensively damaged in an October 2012 capsize. Successfully defended in the 2013 America’s Cup.
• 17AC50 wing sail catamaran. Unsuccessfully defended the 2017 America’s Cup.
• In 2002, Ellison’s Oracle team introduced kite yachting into the America’s Cup environment. Kite sail flying lasting about 30 minutes was achieved during testing in New Zealand.
• In 2019, Ellison, in conjunction with Russel Coutts, started the SailGP international racing series. The series used F50 foiling catamarans, the fastest class of boat in history with regattas held across the globe. Ellison committed to five years of funding to support the series until it could become self-sustaining. The first season was successful with global audiences of over 1.8 billion.

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Zuckerberg Trying To Catch Up To Bezos's Yacht Game: Meta Platforms CEO Spends $330 Million On Yachts

O wning a superyacht is a rite of passage for tech billionaires. Meta Platforms Inc. CEO Mark Zuckerberg and Amazon.com Inc. Founder Jeff Bezos, two of the wealthiest people on the planet, have each made headlines with their extravagant yacht purchases. Zuckerberg recently acquired two luxury vessels totaling $330 million, including a yacht and a support yacht. 

While $330 million is a lot of money, it's not going to put a significant dent in Zuckerberg's net worth. According to the Forbes Real-Time Billionaires List from March 7, Zuckerberg is worth $179.5 billion. A $330 million expenditure comes out to 0.18% of that. That's the equivalent of someone with a $1 million net worth spending $1,800 on a fancy canoe.

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Zuckerberg’s flagship purchase is the Launchpad, a 387-foot beauty that boasts a helipad, dive center and decompression chamber — perfect for Zuckerberg’s adventurous spirit. Additional features include a massive observation lounge, a pool and a bar area. Industry publication Luxury Launches notes it will likely cost Zuckerberg at least $30 million per year to operate Launchpad.

Accommodating 24 guests and a crew of 48, Launchpad offers luxury and comfort on a grand scale. Zuckerberg’s second purchase, the support vessel Wingman, provides additional space and amenities, including a helideck and a dive center. Wingman includes space for a variety of toys, such as a submersible, various rescue tenders, diving gear, Vespa scooters and a host of other vehicles and equipment. 

Originally commissioned by Russian oligarch Vladimir Potanin, the ship remained in its Dutch shipyard for some time before the Dutch authorities allowed its sale to a non-Russian — Zuckerberg. 

Trending: Fortnite’s creator company greenlights partial ownership for up to 100 accredited investors in the upcoming series.

In terms of size and expense, Bezos’s superyacht and his support vessel dwarfs Zuckerberg’s. Bezos owns Koru, the world's largest sailing yacht, which reportedly cost at least $500 million. His support ship Abeona is a 246-foot motor yacht that carries crew and an array of vehicles and supplies. Bezos took steps in late 2023 to hide his yacht's location from the public , turning off Koru's automatic identification system (AIS), a data tracker that transmits a ship's course and other information to improve safety and communication with nearby ships. 

Other billionaires, including LVMH Chairman and CEO Bernard Arnault, also own yachts. Arnault owns Symphony a 333-foot luxury yacht. While Bezos's 417-foot yacht is gigantic and ostentatious, it is also surpassed by other mega yachts. The House of Nahyan, the royal family of Abu Dhabi who are considered the richest family in the world , owns the Azzam, the biggest yacht in the world at 591 feet. 

As these tech titans continue to push the boundaries of wealth and extravagance, their superyachts serve as symbols of their success and status in the world of billionaires.

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