The Blue Gold yacht was the pinnacle of Benetti’s sailing yacht portfolio. As the largest sailing yacht crafted by the revered Benetti Yachts, she stood as a testament to the apex of nautical design and luxury. Capable of hosting up to 12 guests across five exquisite staterooms, the Blue Gold was an embodiment of opulence at sea.
Key Takeaways:
- The Blue Gold yacht was the largest sailing yacht built by Benetti, showcasing utmost luxury with the capacity to accommodate up to 12 guests across five staterooms.
- In 2012, the yacht was seized due to significant unpaid taxes, and wage discrepancies with the yacht’s crew were also reported.
- The Blue Gold faced further calamity in 2015 when Cyclone Pam left it damaged and grounded on a beach in Vanuatu.
- The former owner of the yacht is Dutch entrepreneur, Joep van den Nieuwenhuyzen, known for his innovative business approaches.
- Despite its unfortunate circumstances, the Blue Gold yacht was once valued at around $5 million, with annual running costs of around $1 million.
2012: The Blue Gold Yacht Controversy Begins
Despite its illustrious beginnings, the Blue Gold’s narrative took a turn for the worse in 2012 when it was seized by the Vanuatu government. The issue centered around a substantial amount of unpaid taxes tied to the yacht. Compounding this, accusations arose that significant wages owed to the yacht’s crew were left unpaid, casting a dark shadow over the once-admired vessel.
2015: Cyclone Pam Leaves the Blue Gold Grounded and Damaged
In a tragic series of events, the beleaguered Blue Gold yacht was severely damaged and grounded due to the ruthless Cyclone Pam in March 2015. Since then, she has been lying abandoned on a beach in Vanuatu. More than just an aesthetic issue, her derelict condition has made her an environmental hazard, inflicting significant damage to the local reef. Calls from locals of Moso Island for the government to remove the beached Super Yacht Blue Gold from their reef have gone largely unanswered.
Who Was Behind the Wheel of the Blue Gold?
Dutch entrepreneur and businessperson, Joep van den Nieuwenhuyzen, is known to have been the owner of the Blue Gold yacht. Renowned for his visionary thinking and innovation, van den Nieuwenhuyzen’s reputation contrasted starkly with the troubled journey of the Blue Gold yacht.
The Value and Running Cost of the Blue Gold Yacht
Before its unfortunate events, the Blue Gold yacht boasted an impressive value of around $5 million. The cost of keeping a yacht of such magnificence was around $1 million annually. Of course, the actual price of a yacht such as the Blue Gold is subject to a number of variables, including age, size, level of luxury, and the materials and technology incorporated in its construction.
Benetti Yachts
Benetti Yachts is a luxury yacht builder based in Viareggio, Italy. The company was founded in 1873 and is one of the oldest yacht builders in the world. Benetti specializes in building custom-made motor yachts, with sizes ranging from 34 to over 100 meters in length. They are known for their high-quality craftsmanship, attention to detail and use of advanced technology. Notable projects include James Packer’ IJE, LUMINOSITY, and LIONHEART.
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