Italy - Sailing yacht sank off Italian coast, 15 rescued, 7 missing, 19 August 2024

[Dotta]

The incredible crane to carry Bayesian

https://twitter.com/x/status/1936768032774168989

 

[RedHaus]

Not much new here - more of a human interest video.

The small bit about the extraction and approach to investigation of yacht starts at 7:45.

 

[Dotta]

https://twitter.com/x/status/1939072892378984733

"Giovanni Costantino, chief executive of the Italian Sea Group,
who bought Bayesian's builder Perini Navi,
has repeated several times in interviews that the yacht was 'unsinkable' and
blamed 'human error' for the disaster.

And prosecutors seem to have ruled out any possibility
that the yacht's design and mast,
which was removed from Bayesian and brought up separately,
may have contributed to the disaster.

The focus is instead on skipper James Cutfield,
first engineer Tim Parker-Eaton and nightwatchman Matthew Griffiths,
who, it says, all 'cooperated negligently with each other.

Prosecutor Raffaele Cammarano points the finger at Mr Griffiths for
'not noticing the worsening weather conditions',
before saying Mr Parker-Eaton should have
'been aware water was entering the stern of the yacht'."

 

[RedHaus]

https://twitter.com/x/status/1939072892378984733

"Giovanni Costantino, chief executive of the Italian Sea Group,
who bought Bayesian's builder Perini Navi,
has repeated several times in interviews that the yacht was 'unsinkable' and
blamed 'human error' for the disaster.

And prosecutors seem to have ruled out any possibility
that the yacht's design and mast,
which was removed from Bayesian and brought up separately,
may have contributed to the disaster.

The focus is instead on skipper James Cutfield,
first engineer Tim Parker-Eaton and nightwatchman Matthew Griffiths,
who, it says, all 'cooperated negligently with each other.

Prosecutor Raffaele Cammarano points the finger at Mr Griffiths for
'not noticing the worsening weather conditions',
before saying Mr Parker-Eaton should have
'been aware water was entering the stern of the yacht'."

View attachment 598551

Yes, yes, yes! My presumptions as well, @Dotta; especially the (in)actions of Griffiths.

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[ch_13]

https://twitter.com/x/status/1939072892378984733

"Giovanni Costantino, chief executive of the Italian Sea Group,
who bought Bayesian's builder Perini Navi,
has repeated several times in interviews that the yacht was 'unsinkable' and
blamed 'human error' for the disaster.

And prosecutors seem to have ruled out any possibility
that the yacht's design and mast,
which was removed from Bayesian and brought up separately,
may have contributed to the disaster.

Prosecutor Raffaele Cammarano points the finger at Mr Griffiths for
'not noticing the worsening weather conditions',
before saying Mr Parker-Eaton should have
'been aware water was entering the stern of the yacht'."

From the article...

But last night a UK marine source, who asked not to be named, told the MoS: 'It's quite clear here that the Italians are looking to protect their yacht-building industry and by passing the blame on to the crew they can make sure they will do.

'The UK MAIB report clearly states the yacht was vulnerable in high winds and this wasn't noted in the manual. The night Bayesian went down winds were more than 70mph and this was enough to knock her over.

PS
It has always seemed to me that "human factor" was decisive in this tragedy.
JMO

It's easy now for the boat builder to say the crew should have acted differently. But the real question is, "Did the crew not follow the procedures in the operating manual?" If they followed the manual, and the boat still sank, then it feels like the builder is just making post-facto critiques to avoid liability.

By all accounts the crew closed all the portals and windows. Assuming that's true, the ship should have not allowed water ingress, regardless of any other mistakes the crew may have made.

If it's true, as suspected, that the location of the vents was a major factor in the sinking, then I have to say the majority of the blame should be placed on the boat design, not crew error.

 

[Dotta]

From the article...

But last night a UK marine source, who asked not to be named, told the MoS: 'It's quite clear here that the Italians are looking to protect their yacht-building industry and by passing the blame on to the crew they can make sure they will do.

'The UK MAIB report clearly states the yacht was vulnerable in high winds and this wasn't noted in the manual. The night Bayesian went down winds were more than 70mph and this was enough to knock her over.



It's easy now for the boat builder to say the crew should have acted differently. But the real question is, "Did the crew not follow the procedures in the operating manual?" If they followed the manual, and the boat still sank, then it feels like the builder is just making post-facto critiques to avoid liability.

By all accounts the crew closed all the portals and windows. Assuming that's true, the ship should have not allowed water ingress, regardless of any other mistakes the crew may have made.

If it's true, as suspected, that the location of the vents was a major factor in the sinking, then I have to say the majority of the blame should be placed on the boat design, not crew error.

"Not noticing the worsening weather conditions"
was decisive IMO
and I wrote about it in this very thread earlier.

Bayesian had been sailing for many years before without any problems.

JMO

 

[ch_13]

"Not noticing the worsening weather conditions"
was decisive IMO
and I wrote about it in this very thread earlier.

Bayesian had been sailing for many years before without any problems.

JMO

But the portals/windows were closed. Even if the watchman wasn't paying as much attention as he should have, why would the yacht sink when everything was closed up tight?

Except, perhaps for the vents. Which brings me back to my first point...What does the operating manual say about vent operation?

 

[Cedars]

"Giovanni Costantino, chief executive of the Italian Sea Group...has repeated several times in interviews that the yacht was 'unsinkable'

Just like the Titanic!

 

[Dotta]

"First interior images of Mike Lynch’s recovered Bayesian superyacht revealed."​

First interior images of Mike Lynch’s recovered Bayesian superyacht revealed

Vessel that sank in storm off Sicily last year killing seven people is being examined by investigators

www.theguardian.com

 

[Dotta]

https://twitter.com/x/status/1939242353262305489

 

[Dotta]

https://twitter.com/x/status/1939683994850779158

 

[Dotta]

https://twitter.com/x/status/1946908492725358685

"The widow of tech tycoon Mike Lynch
could be dragged into multimillion-pound legal row
as families of victims demand answers
over the superyacht tragedy that killed seven,
including her husband and daughter.

Angela Bacares,
who survived the horrific sinking of the £25 million yacht Bayesian,
is now at the centre of a spiralling legal storm,
with families of the five other victims preparing a multimillion-pound compensation battle
that could engulf what's left of Lynch's fortune."

 

[MelmothTheLost]

Bayesian superyacht victim Mike Lynch's estate is bankrupted after £700million fraud ruling​

Mike Lynch's estate is now effectively bankrupt after being told to pay Hewlett Packard £700million in a court case over the late British tycoon's former company.

A judge in London said HP was owed the money from the estate of Dr Lynch and his former business partner over its acquisition of their software firm Autonomy.

HP is trying to recoup its losses from Dr Lynch - who died a year ago when his luxury yacht sank off Sicily - and Autonomy's ex-chief financial officer Sushovan Hussain.

Mike Lynch's estate is bankrupted after £700million fraud ruling

A judge in London said Hewlett Packard was owed the money from the estate of Mike Lynch and his former business partner over its acquisition of their software firm Autonomy.

www.dailymail.co.uk

 

[PrairieWind]

Bayesian superyacht victim Mike Lynch's estate is bankrupted after £700million fraud ruling​

Mike Lynch's estate is now effectively bankrupt after being told to pay Hewlett Packard £700million in a court case over the late British tycoon's former company.

A judge in London said HP was owed the money from the estate of Dr Lynch and his former business partner over its acquisition of their software firm Autonomy.

HP is trying to recoup its losses from Dr Lynch - who died a year ago when his luxury yacht sank off Sicily - and Autonomy's ex-chief financial officer Sushovan Hussain.

Mike Lynch's estate is bankrupted after £700million fraud ruling

A judge in London said Hewlett Packard was owed the money from the estate of Mike Lynch and his former business partner over its acquisition of their software firm Autonomy.

www.dailymail.co.uk

Well that is not good news for the other claimants.

 

[MelmothTheLost]

Well that is not good news for the other claimants.

Or for his widow and surviving daughter. The change in their economic circumstances is absolute.

 

[ch_13]

Well that is not good news for the other claimants.

There should still be insurance money. An earlier article said that there was a $2 billion policy.

Or for his widow and surviving daughter. The change in their economic circumstances is absolute.

I have an enormous amount of sympathy for Angela Lynch and her daughter. They've been through a terrible ordeal. But at the same time, I don't think that they deserve to keep the proceeds of what was basically a scam.

And, let's face it, they aren't going to be destitute. Maybe they won't remain billionaires, but no matter what happens with the lawsuits in the end, they will still be able to retain a great deal of their wealth. In all likelihood, they will still be far richer than any of us could ever hope to be.

 

[mickey2942]

I do think that the ship's captain is at fault. He probably thought, much like the fated captain of the "Titanic", that the "Bayesian" was "unsinkable". And thus, ignored weather information, that if he had been in a different boat, he would have been far more cautious.

Same as the captain of the Titanic, who just ignored information about the icebergs, and just keep going, full steam ahead.

 

[RedHaus]

I find it sadly ironic Michael Lynch was celebrating, with friends and family on the Bayesian, the 2024 ruling that cleared him of U.S. fraud charges (note: the CFO of Autonomy was jailed for 5 years.)

And now, 11 months later, Lynch (his estate) has been found financially liable for HP's overpayment in Autonomy's sale.

I presume on 8/19/2024, Lynch knew a judicial decision on the financial penalty phase of this case was looming large. And clearly it was still cause to celebrate.

I guess the issue is my projection. I'm not sure I'd have celebrated until the entire case was over, including the financials.

IMO

Source.

 

[Corina]

There should still be insurance money. An earlier article said that there was a $2 billion policy.

I have an enormous amount of sympathy for Angela Lynch and her daughter. They've been through a terrible ordeal. But at the same time, I don't think that they deserve to keep the proceeds of what was basically a scam.

And, let's face it, they aren't going to be destitute. Maybe they won't remain billionaires, but no matter what happens with the lawsuits in the end, they will still be able to retain a great deal of their wealth. In all likelihood, they will still be far richer than any of us could ever hope to be.

[bbm] - what was the "scam" exactly, ch_13?

 

[ch_13]

[bbm] - what was the "scam" exactly, ch_13?

It was discussed in some detail earlier in the thread, but here's a recap from CIO.com:

HPE may recover just $1B of $4.5B it asked for in Autonomy case

When Hewlett Packard bought knowledge management software firm Autonomy, it didn’t realize it was buying into a multibillion accounting cover-up. Shareholders sued HP, which sued Autonomy CEO Mike Lynch, and the cases took years to reach a conclusion. Here’s how it played out over the decades.

www.cio.com

When Hewlett Packard bought knowledge management software firm Autonomy, it didn’t realize it was buying into a multibillion accounting cover-up. Shareholders sued HP, which sued Autonomy CEO Mike Lynch, and the cases took years to reach a conclusion.