Whoops

[Chrisgr31]

Seems odd that the owner and insurance company have washed their hands of it
https://www.surinenglish.com/andalucia/operation-r...

[K50 DEL]

Got to be more to that story than is being reported there... a $450k yacht and noone wants to foot a $10k recovery bill, seems fishy to me.

[dhutch]

Very odd. As said, expect we only have part of the story here!

[B3Svert]

There's a lot more costs involved than 10k scrapping. A 22m vessel doesn't just get lifted onto the back of a truck and driven down to Dodgy Don's Scrapyard. I haven't dealt with salvage of a 22m vessel myself, but had direct experience of an 11m yacht sinking in a marina. Pollution, barge, air bags and crane (on the barge) required to float it then lift onto the barge, then towed to a yard for scrap. Insurance co had to come inspect which of course was not the next day, yard charged storage each day so the total bill at the end of that was near EUR 40k (this was in Singapore in 2014/15).

Would recovering and scrapping a 22m yacht be twice as much as an 11m yacht? No, it would be multiplied a few times. Like anything else in yachting or even aviation, adding an extra foot/meter here or there adds a lot more to all costs including recovery and scrapping.

Can only guess they got their 10k quote from one of the kids on the beach on a bicycle!