New images of Mike Lynch's yacht released after salvage mission concludes
The recovery mission concluded after the 56-metre (184ft) hull and 72-metre (236ft) mast, as well as deck furniture and other loose items, had been delivered to Italian authorities in Termini Imerese in Palermo, Sicily.
The Bayesian (TMC Marine/PA)
One photograph shows boats towing the large white mast through the water as it was lifted near the surface by balloons.
Other images feature crews working on the mast and hull on the quayside, with both appearing to be covered in a brown substance.
Marcus Cave, a director of British firm TMC Marine, which is overseeing the salvage efforts, said: 'The delivery of the hull, mast and other potential materials from Bayesian brought this project to its conclusion.
Hannah and Mike Lynch (Family handout/PA)
'We thank the salvage and other teams that were involved in this challenging project, together with the Italian authorities for their professional assistance throughout.'
The hull was recovered on June 21 and transported around 19 kilometres (12 miles) to Termini Imerese the next day by one of the most powerful floating sea cranes in Europe.
On June 23 it was lifted into heavy steel supports on the quayside, which had tarpaulin underneath to prevent pollution.
The cradle was custom-designed to fit the shape of the hull and built in the Netherlands.The mast had been detached from the hull for the recovery and was on the seabed.
The mast of the tech tycoon's superyacht (TMC Marine/PA)
It was salvaged using inflatable lifting balloons and delivered to port on June 25, along with loose items that may have moved away from the vessel during past 10 months.
Remote-controlled submersible equipment was used to locate the debris in the vicinity of the Bayesian site.
The vessel was originally expected to be raised last month but salvage efforts were delayed after a diver died during underwater work on May 9, prompting greater use of remote-controlled equipment.
The materials have been delivered to the Italian authorities and salvage personnel and equipment have subsequently left Sicily.
Mr Lynch's superyacht is moved after being lifted to the surface near the fishing town of Porticello, Sicily (Peter Byrne/PA)
About 70 specialist personnel had been mobilised to Porticello from across Europe to work on the recovery operation.
Inquest proceedings in the UK are looking at the deaths of Mr Lynch and his daughter, as well as Morgan Stanley International bank chairman Jonathan Bloomer, 70, and his wife, Judy Bloomer, 71, who were all British nationals.
Fifteen people, including Mr Lynch's wife, Angela Bacares, were rescued.
Mr Lynch and his daughter were said to have lived in the vicinity of London and the Bloomers lived in Sevenoaks, Kent.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
2 hours ago
- Scottish Sun
Santander set to buy TSB for £2.65billion – here's how it may affect five million customers
TSB will be sold to Santander in a move that will affect millions of customers across the country. Santander revealed today it had agreed a deal to acquire the British bank from Sabadell for a whopping £2.65billion. 1 But the deal is not set in stone just yet Credit: Getty Snapping up TSB would be a big win for Santander, giving it the seventh-largest branch network in Britain and adding five million customers to its existing 14million. However, the deal isn't set in stone yet and is still subject to approval by shareholders. If agreed then it's likely to happen in the first three months of 2026. Nothing will change for customers immediately as very little is known about the deal. But customers will be given lots of warning about any changes. That would mean it very much will be business as usual for now. While there are no immediate changes for customers of either bank, they could be introduced in future as the TSB brand is phased out. TSB founded as the Trustee Savings Bank in 1810, merged with Lloyds Bank to create Lloyds TSB in 1995. They could decide to merge the brands or alternatively they could be kept separate. With other mergers we have seen customers being able to access banking services in rival branches and this could be a useful perk. However, these details are still being hammered out by banking bosses. Sabadell - which owns TSB- said it would submit the deal to a shareholders meeting on August 6 for its approval as it is subject to the BBVA offer. Sabadell's shareholders must approve the TSB sale, as it is tied to BBVA's ongoing €14 billion takeover bid. If approved, the deal is expected to be completed in the first quarter of 2026. Santander beat British rival Barclays which also put in a formal bid for the retail bank. Mike Regnier, boss of Santander UK, said: "This is an excellent deal for customers combining two strong and complementary banks, creating one of the most substantial banks in the UK and materially enhancing the competitiveness of the industry." Marc Armengol, TSB CEO, said: 'TSB is a truly special bank, run by a first-class team that deliver trusted service and support for customers, day in and day out. "Today's announcement represents the next exciting chapter for this successful business, as part of Santander, a highly regarded banking group. "I believe this will prove to be an excellent fit for our loyal customers.'
Scottish Sun
2 hours ago
- Scottish Sun
Major British bank with five million customers set to be sold to high street rival after days of speculation
But the final transaction remains subject to regulatory approvals ALL CHANGE Major British bank with five million customers set to be sold to high street rival after days of speculation A MAJOR British bank with five million customers is set to be sold to a high street rival after days of speculation. Santander have agreed a deal to acquire TSB from Sabadell for a whopping £2.65billion. 2 TSB are set to be integrated into the Santander UK group Credit: Getty 2 Santander are working on completing the £2.65 billion transaction Credit: Getty The bank beat British rival Barclays which also put in a formal bid for the Sabadell-owned unit, according to sources. Santander intends to integrate TSB in the Santander UK group, meaning it would become the second largest bank in the country by personal current account balances. However, the final transaction remains subject to regulatory approvals and Sabadell shareholder approval. The full transaction is expected to be completed in the first quarter of 2026. TSB already boasts a nationwide network of 218 branches and outlets, and a growing digital presence. It serves approximately 5 million customers, primarily in the personal and small business segments, with £34 billion in mortgages and £35 billion in deposits. But with the latest buyout news, TSB combined with Santander would serve nearly 28 million retail and business customers nationwide. And TSB customers will also have access to Santander's international network in a massive boost. This means they can benefit from the group's leading technology platforms. The latest acquisition appears to be another win for Santander as the company strengthens its position in one of its core markets. It comes as Sabadell, which bought TSB in 2015 for £1.7bn, is seeking to fend off an billion-pound hostile approach from its domestic rival BBVA. Santander has in the past year entertained bids from both NatWest and Barclays for its UK retail arm - but ultimately rejected both offers due to disagreements over price. Ana Botín, Banco Santander's executive chair, said: "The acquisition of TSB represents a continuing strategic commitment to our customers in the UK, offering a compelling opportunity that is financially attractive to our shareholders and aligned with Santander's long-term objectives. "It strengthens our franchise in a core market through the acquisition of a low-risk and complementary business that adds to our diversification. "We are creating a stronger and more competitive business across key products such as personal current accounts where the combined business will become the second largest bank in the UK by market share. "The transaction will accelerate our path to greater profitability in the UK and helps achieve a return on tangible equity of 16% by 2028. "The acquisition also reflects our commitment to growing profitably through disciplined capital allocation. This acquisition meets our goal of achieving a return on investment above 20% and EPS accretion from year 1, while consuming limited capital and having low execution risk. "Furthermore, the transaction will not affect Santander's existing distribution policy and 2025 targets.' Meanwhile, CEO of Santander UK, Mike Regnier said: "This is an excellent deal for customers combining two strong and complementary banks, creating one of the most substantial banks in the UK and materially enhancing the competitiveness of the industry. 'At Santander UK we have momentum in our strategy to become the best bank for customers in the UK by investing in technology and service and improving our processes and efficiency. "This deal accelerates our transformation allowing us to enhance our customer proposition and invest more in innovative products and our digital offering, supported by the human touch service so many appreciate, not least in our new branch formats and enhancements across the country. 'We are fully committed to ensuring a seamless integration, by leveraging our market leading technology and significant experience. "Maintaining the highest levels of service for customers across both banks will be a key priority and we will support all colleagues through the transition, as we invest in building a stronger bank for the future'.
Glasgow Times
3 hours ago
- Glasgow Times
Glasgow hotel staff could strike over pay and conditions
Unite members at the four-star Village on Pacific Drive will vote on whether to take action after the company said it would not enter into talks on pay, contracts and conditions. Should the ballot be successful, it's believed it would be the first strike action in a major hotel chain for close to 50 years. The union had sought talks on securing the real living wage of £12.60 per hour for its members, as well as paid breaks. In addition, Unite sought a pay uplift and backpay for a small number of under-21 staff who receive less per hour than Village Hotels employees in Edinburgh. READ NEXT: Council not reimbursed for demolition of India buildings for this reason READ NEXT: This check will happen before Clyde Tunnel toll charge could be rolled out In response it's understood Village Hotels said it had 'no plans' to pay the real living wage or introduce paid breaks, which it said was in line with practices across the hospitality sector. In addition, the company said it had already carried out an internal grievance investigation into the pay disparity with Edinburgh which concluded that the higher rate of pay in the capital was due to the higher cost of living. It's understood the company told reps it saw "no benefit" in meeting for talks. In an email sent to staff, seen by The Herald, Village confirmed it would not be raising rates of pay and pointed to existing employee benefits such as gym and spa memberships, discounted hotel rooms and high street shopping discounts. Senior operations director for Scotland and the North Jamie Stevens said: "We continue to review the benefits that we provide to you, but at this stage, making wholesale changes to pay rates across the business, and paying for time taken on breaks, isn't financially achievable for the company without it adversely impacting on our ability to provide these other benefits." Village Hotels last month announced the expansion of its senior leadership team as part of an £82m refurbishment and investment programme. In its letter to staff Village Hotels said: "Whilst we respect the right of our employees to support industrial action, we hope you recognise the effort we put into our employee proposition, and that we all continue to operate without disruption for our guests and members. "We hope you share our goals in protecting the value our business offers to you as members of our team, and to all of those individuals who experience the hospitality and quality of service which you provide at Glasgow." Bryan Simpson, Unite the Union's Lead for Hospitality said: "For one of Britain's best known hotel chains to point blank refuse to negotiate with their workers over the real living wage, equal pay and paid breaks is bad enough. But to use as an excuse the fact that the hospitality sector is the lowest paid and most exploitative in the British economy is a scandal that all Village customers should be aware of. "All our members at Village in Glasgow are asking for is a say in their own pay and conditions which are far too low. The attitude of senior management at Village has forced those members to now consider the first strike action at a major hotel chain since 1979." Village Hotels has been approached for comment.
