Keith Weir

Bayesian (File photo: Perini Navi)

Cause of Death Revealed for Four Victims on Mike Lynch Yacht

Initial examinations of four of the people killed when British tech tycoon Mike Lynch's family yacht sank off Sicily last month indicated they had died of suffocation as oxygen ran out on the stricken vessel, judicial sources said on Thursday.Lynch, his daughter Hannah, an onboard cook and four guests died when the Bayesian, a British flagged 56-metre (184-feet) superyacht, sank during a severe and sudden weather event off the port of Porticello, near Palermo, on Aug.

Bayesian (File photo: Perini Navi)

Yacht's Captain Keeping Silent in Bayesian Sinking Probe

The captain of the luxury yacht owned by the family of British tech magnate Mike Lynch that sank off Sicily last week declined to respond to prosecutors during questioning on Tuesday, one of his lawyers said.James Cutfield, a 51-year old New Zealand national, was put under investigation on Monday by Italian prosecutors."The captain exercised his right to remain silent for two fundamental reasons," lawyer Giovanni Rizzuti told reporters."First, he's very worn out. Second, we were…

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Ferretti Opts to Pursue Dual Primary Listing in Milan

Italian yacht maker Ferretti said on March 20 it decided to proceed with a potential dual primary listing on Euronext Milan a year after it joined the market in Hong Kong.The luxury yacht group said in a statement the deal is subject to a number of conditions, including getting the green light from regulatory authorities and stock exchanges both in Hong Kong and Italy.The company added it planned to amend its by-laws to effect the changes to allow its shares to be traded in European Union venues.

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Greek CG Nabs 1.3 tonnes of Cannabis

Greece's coast guard seized about 1.3 tonnes of processed cannabis, hidden aboard a foreign flagged fishing vessel intercepted off the southern island of Crete, it said on Sunday. The drug bust was the result of a three-day operation. Greek authorities had been informed by French customs that a suspect ship was sailing to the southeast of the island, possibly carrying illegal cargo. The operation involved four coast guard patrol vessels and two planes, one belonging to Frontex - the European border and coast guard agency.