[18 Sep 2014 | No Comment | ]
Inside Potash Potentate’s $300m Yacht

Source – www.mining.com
Andrey Melnichenko, the youngest of Russia billionaire’s boys club, he made his first billion at the tender age of 32 and now sits on a cash pile of some $12 billion.
The 42-year old co-founded MDM Bank with Sergei Popov in 1993 and the pair then moved into coal, fertilizer and pipes.
After a split of assets Melnichenko kept 80% of Russia’s no.1 coal firm SUEK (Siberian Coal Energy Company) and fertilizer-maker Eurochem.
Already the phosphate and nitrogen leader, Eurochem, is spending $5bn on two potash mines in Russia that could …

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[18 Sep 2014 | No Comment | ]
Inside Potash Potentate’s $300m Yacht

Source – www.mining.com
Andrey Melnichenko, the youngest of Russia billionaire’s boys club, he made his first billion at the tender age of 32 and now sits on a cash pile of some $12 billion.
The 42-year old co-founded MDM Bank with Sergei Popov in 1993 and the pair then moved into coal, fertilizer and pipes.
After a split of assets Melnichenko kept 80% of Russia’s no.1 coal firm SUEK (Siberian Coal Energy Company) and fertilizer-maker Eurochem.
Already the phosphate and nitrogen leader, Eurochem, is spending $5bn on two potash mines in Russia that could …

[5 Sep 2014 | No Comment | ]
China’s Largest New Build “Illusion” Sold By Fraser

Source – www.superyachts.com
Fraser Yachts has announced that the global brokerage firm has closed on the sale of motor yacht Illusion, the largest super yacht ever to be built in China, just 16 months before her delivery.
Jan Jaap Minne-ma who acted as the Central Agent for the sale of the yacht commented “I have been working closely with Pride Mega Yachts on this project for several years now. They have a thoroughly experienced team made up of experts from all over the world that are committed to delivering the high standards …

[4 Sep 2014 | No Comment | ]
Graeme Hart’s New $78m Yacht Launched

Source – www.nzherald.co.nz
New Zealand’s richest man has splashed out on a second luxury yacht – this one worth up to an estimated $78 million.
Graeme Hart, reportedly worth around $7 billion, was revealed as the owner of a new expedition super yacht launched in Norway at the weekend.
Norwegian boat builder, Kleven, which usually specialises in oil and fishing industry vessels, launched the 107-metre yacht on Saturday local time, revealing its billionaire owners who were there to watch as it ploughed into the water for the first time.
Mr Hart and wife Robyn …

[28 Aug 2014 | No Comment | ]
The World Sailing Speed Record Council Have Announced The Establishment Of Four New World Records

Source – www.sailing.org
The World Sailing Speed Record Council have announced the establishment of four new World Records, all of which were claimed during the Sevenstar Round Britain and Ireland Race.
Name: Sam Davies (GBR)
Dates:. 11 to 16 August 2014.
Start time: 09:10:00 on 11 August 2014
Finish time: 06:10:39 on 16 August 2014
Elapsed time: 4 days, 21 hours, 00 minutes and 39 seconds
Distance: 1773 NM
Average speed: 15.15 kts
Previous record: Avivia, Dee Caffari (GBR), June 2009, 6 days, 11 hours, 30 minutes and 53 seconds
Record: Around Britain and Ireland, Monohull
Yacht: Azzam-Abu Dhabi Racing, VO65
Name: …