
Sunken Bayesian superyacht lifted from waters off Sicily as salvage operation completed
The white top and blue hull of the 56-meter (184-foot) Bayesian, covered with algae and mud, was visibly clear of the sea in a holding area of a yellow floating crane barge off the Sicilian port of Porticello.
'The hull of the superyacht Bayesian has today been successfully and safely recovered from the sea off the coast of northern Sicily,' said TMC Maritime, the company conducting the recovery. 'This follows a delicate lifting procedure that began early today.'
TMC added that the hull will continue to be held 'in an elevated position to allow expert salvage personnel to complete checks and preparations' ahead of its transportation into the Sicilian port of Termini Imerese on Sunday.
The floating crane platform will move the Bayesian to the port, where a special steel cradle is waiting for it. The vessel will be then made available for investigators to help determine the cause of the sinking.
The Bayesian sank Aug. 19 off Porticello, near Palermo, during a violent storm as Lynch was treating friends to a cruise to celebrate his acquittal two months earlier in the U.S. on fraud charges. Lynch, his daughter and five others died. Fifteen people survived, including the captain and all crew members except the chef.
Italian authorities are conducting a full criminal investigation.
The vessel has been slowly raised from the seabed, 50 meters (165-feet) down, over the past three days to allow the steel lifting straps, slings and harnesses to be secured under the keel.
Eight steel lifting straps were used to put the hull upright and to form part of a steel wire lifting system that began raising the vessel out of the water Saturday. As the superyacht was raised, seawater was pumped out of the hull.
The Bayesian is missing its 72-meter (236-foot) mast, which was cut off and left on the seabed for future removal. The mast had to be detached to allow the hull to be brought to a nearly upright position that would allow the craft to be raised.
British investigators said in an interim report issued last month that the yacht was knocked over by 'extreme wind' and couldn't recover.
The report said the crew of the Bayesian had chosen the site where it sank as shelter from forecast thunderstorms. Wind speeds exceeded 70 knots (81 mph) at the time of the sinking and 'violently' knocked the vessel over to a 90-degree angle in under 15 seconds.
Lynch, who sold Autonomy, a software maker he founded in 1996, to Hewlett-Packard for $11 billion in 2011, had been acquitted of fraud charges in June 2024 by a federal court jury in San Francisco.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


San Francisco Chronicle
35 minutes ago
- San Francisco Chronicle
Former Arsenal midfielder Thomas Partey charged with five counts of rape, British police say
LONDON (AP) — Former Arsenal midfielder Thomas Partey has been charged with five counts of rape, British police said Friday. Partey has also been charged on one count of sexual assault, with the alleged offenses taking place between 2021-22. Partey's lawyer Jenny Wiltshire told Britain's Press Association that he 'denies all the charges against him,' adding: 'He now welcomes the opportunity to finally clear his name.' The 32-year-old Partey is a free agent after his Arsenal contract expired at the end of last season. He joined the Premier League club in 2020 for 45.3 million pounds ($61.8 million) from Spanish team Atletico Madrid. Police said the investigation was opened in February 2022 when it first received a report of rape. The five rape charges relate to two different women. The sexual assault charge relates to a third woman. 'Our priority remains providing support to the women who have come forward,' Detective Superintendent Andy Furphy of the Metropolitan Police said. Partey is due to appear at Westminster Magistrates' Court on Tuesday, Aug. 5 police said.


New York Post
4 hours ago
- New York Post
Long Island steakhouse opens in honor of local Revolutionary War spies dubbed ‘the CIA of the time'
It comes with a side of spies. Long Island's newest steakhouse is a fascinating nod to the Culper spy ring, a local group of Revolutionary War double agents whose heroic espionage efforts saved the colonial forces on multiple occasions. 'As we were going through school, we learned about the spy ring and the effect it had on the American Revolution,' Scott Brittman, part owner of Culper's 1778, which opened in Setauket two weeks ago, told The Post. Advertisement 4 Culper's 1778, a new steakhouse that just opened up in Setauket Long Island two weeks ago, pays tribute to the Culper spy ring. Brigitte Stelzer 'For the most part, there hasn't been much representation of the spy ring in the area aside from a local tour. I feel like it was a good idea to highlight and honor it.' The new eatery is filled with Revolutionary War-themed decor, including prints of the Battle of Setauket, a print of the Declaration of Independence, a life-size replica musket, and an original US flag, to name a few. Advertisement However, Brittman's team truly committed to the theme by tracking down and recreating George Washington's spiced cherry brandy drink of choice, which he often carried, as per the first president's journal. 'The Commander,' as it's called, is served infused with lemon and cinnamon and stands among a bevy of Colonial cocktails — like Benedict Arnold's 'The Traitor,' made with vodka and, fittingly, tea. 4 The organization contained double agents who took part in the Revolutionary War against the British. 4 The acts of espionage led to colonial forces being saved on numerous occasions. Advertisement There is also the gin-based 'Agent 355,' a nod to a female member whose identity is still unknown, in addition to 'The Clothesline' Ketel One libation, which pays homage to how Setauket Culper spy Anna Smith Strong sent signals by laying out her laundry in covert patterns. 'There's been a lot of people that have come in here from different towns who are big history buffs,' Brittman said, adding that Culper's will be closed on July 4 in observance of Independence Day. Who were the Culpers? Washington's secret agents were a brave band of at least seven known members, according to Christopher Judge, a longtime educator at Oyster Bay's Raynham Hall Museum, which is the former home of Cupler spy Robert Townsend. Advertisement Setauket native Benjamin Tallmadge led the clandestine group on British-occupied LI alongside his tight-knit allies, Abraham Woodhull and Caleb Brister, circa 1778, the year in which the restaurant is named. 'They were all childhood friends, and they knew they could trust each other with their lives. They all agreed to stand against what they considered the tyranny of the British,' said Judge. 'You could almost say that they were the CIA of the time — and predecessor to James Bond.' 4 When learning about the organization's history, part owner of Culpers 1778, Scott Brittman told The Post, that naming the restaurant after the spy ring 'was a good idea to highlight and honor it.' Brigitte Stelzer Nearby Port Jefferson native and East Setauket tavern owner Austin Roe, whose great-grandson Justus invented the retractable tape measure, was also a member. The ring's moniker originated from the false surname of Culper that members assumed during their subversive duties, according to Judge, who is stoked to try the steakhouse. Townsend not only played the role of a loyalist to a tee, but also managed to stand sentry and eavesdrop on important Redcoat meetings in a homemade military uniform, Judge explained. 'Even George Washington did not know Robert Townsend's true identity, because they knew that if that chain somehow was broken, that it would inflict potential death on the other members,' he said. Advertisement It wasn't until 1938 that a historian discovered Townsend's involvement after analyzing documents at Raynham Hall. The Culpers' greatest two victories were thwarting a British plot to annihilate the colonial economy by flooding America with counterfeit notes, and also fooling English troops into turning away from where critical French allies were landing in Rhode Island. 'The French probably would have been decimated had the British not been given false information by members of the spy ring to divert them back down to New York,' said Judge, who added that their loss would have reshaped the war. 'Not a single member of the spy network ever got caught. I would say that was their biggest victory.'


CNBC
4 hours ago
- CNBC
London IPO fundraising hits a three-decade low in another blow to the UK capital
Fundraising from London IPOs slumped to at least a three-decade low in the first half of this year, new data showed on Friday – raising fresh questions about the fading allure of the U.K. as a hub for global capital. The five debuts on the London market in the first six months of 2025 raised a total of £160 million ($218.6 million), according to new data from Dealogic. That's the lowest level of London IPO funds raised in the first half of the year recorded by Dealogic since it began collecting data in 1995. Even in the aftermath of the 2008 financial crisis, two London IPOs managed to raise £222 million in the first half of 2009, the data shows. London's biggest IPO so far this year was the listing of professional services company MHA, which raised £98 million at its debut on the Alternative Investment Market (AIM) in April. The listings slump in London this year adds to the city's struggles to hold onto its former glory as one of the top destinations for global capital. According to the most recent IPO Watch report from professional services giant PwC, IPO proceeds in the U.K. fell to £100 million in the first quarter of 2025, down from £300 million in the same period a year earlier. This year alone, the city's financial markets have been passed over by firms that had once planned blockbuster listings there. Shein, for example, is reported to be planning an IPO in Hong Kong after abandoning earlier plans to float its shares in London, while Glencore-backed metals investor Cobalt Holdings confirmed to CNBC last month that it had scrapped plans for a London IPO. The troubles aren't limited to new listings – in June, British fintech giant Wise announced it was moving its primary listing from London to New York, and earlier this week it was reported that pharma giant AstraZeneca – the most valuable company on London's FTSE 100 index – is considering moving its listing to the United States. Kristo Kaarmann, Wise's CEO and co-founder, said in a statement at the time that the move would help raise awareness of the company in the U.S., while giving the firm better access to "the world's deepest and most liquid capital market." Dealogic's data highlighted a significant gap between U.S. and U.K. listings so far this year. U.S. markets saw 156 IPOs in the first six months of the year, which collectively raised $28.3 billion, the figures showed. However, Samuel Kerr, head of equity capital markets at Mergermarket, told CNBC that while U.K. equity markets have "been under a cloud of negative press for some time," there could be brighter times ahead for London. "We are seeing more businesses beginning to look seriously at London listings again after several years of reform and broader uncertainty over the regulatory and policy direction of the US," he said in an email. U.K. Prime Minister Keir Starmer has touted his government's plans to revitalize Britain's capital markets, pledging to look into regulation that is "needlessly holding back investment." Last summer, the U.K.'s Financial Conduct Authority overhauled listing rules in a bid to simplify the process of floating shares on the U.K. market. "If London can convert early-stage interest in UK listings into successful IPOs, it will go some way to reversing some of the doom narrative," Mergermarket's Kerr told CNBC. Janet Mui, head of market analysis at wealth manager RBC Brewin Dolphin, pointed out that exits via IPOs were slowing globally. "It's easy to be bearish when we have news like this," she said in an email on Friday. "The reality is more nuanced, including macro uncertainty and tighter financial conditions have slowed listing globally." Last week, the Financial Times reported that Norwegian software giant Visma had chosen London for its upcoming debut on the public market. Mui argued that this news showed there was still appetite for high growth companies to list in London. "That said, more work is needed to deliver reforms to streamline listing and make London more attractive to businesses," she conceded.