The magnificent Sorrento yacht, previously known as Lumiere III, was originally christened Bistango, constructed for an unknown Japanese millionaire. This luxury vessel was delivered in 2010 by the world-renowned Italian shipyard, Benetti. Notably, it was once owned by mining magnate Chris Cline before meeting an untimely end in a tragic helicopter accident. Today, it belongs to Miquel Rincon and sails under the name Sorrento.
Key Takeaways:
- The Sorrento yacht was originally constructed in 2010 by the Benetti shipyard.
- The interior, designed by Studio Massari, can accommodate 12 guests and a crew of 14.
- With MTU engines, the yacht’s top speed is 16 knots, with a cruising speed of 15 knots and a range of 8,000 nautical miles.
- Previous owner Chris Cline, the founder of the Cline Group and Foresight Energy, tragically died in a helicopter crash in 2019.
- The yacht was purchased by Miguel Rincon and is currently valued at around $30 million, with annual running costs of about $3 million.
Aesthetic and Luxury: The Interior
Exemplifying opulence, the yacht can comfortably accommodate 12 guests and a crew of 14. The decadent interior design, characterized by lavish marble and gold accents, is the work of the esteemed Studio Massari.
Performance and Features: Specifications
Powered by MTU engines, Sorrento reaches a top speed of 16 knots, while her cruising speed is a comfortable 15 knots. Refitted in 2015, this motor yacht boasts a remarkable range of 8,000 nautical miles, offering extensive cruising capabilities. Furthermore, her heli deck can accommodate a helicopter, a feature that stands testament to the yacht’s comprehensive set of amenities.
The Legacy of Chris Cline
A noteworthy chapter in the yacht’s history involves her previous owner Chris Cline, who christened her Mine Games. Born in July 1958, Cline began his career as an underground coal miner before transitioning into management within the coal industry. He founded the Cline Group, sometimes referred to as “King Coal,” and also owned Gogebic Taconite. Cline and his wife Kelly had four children.
A Tragic End: Helicopter Crash
In July 2019, Cline tragically died in a helicopter crash along with six others, including his daughter. The helicopter was en route from the Bahamas to Fort Lauderdale when it plunged into the Atlantic Ocean.
The Cline Group: Dominating the Mining Industry
The Cline Group served as the parent company for Cline’s mining activities, operating some of the most productive underground coal mines and positioning itself among the top 20 coal producers in the United States. This success led to the establishment of Foresight Energy in 2003.
Creating Waves in the Energy Sector: Foresight Energy
Foresight Energy emerged as a leading producer of thermal coal, boasting extensive reserves in the Illinois Basin. Cline’s savvy business strategy capitalized on the federal regulations mandating scrubbers in power plants, leading to soaring demand for his inexpensive coal.
Legacy Lives On: The Sorrento Yacht’s New Era
Following Cline’s demise, the Sorrento was purchased by Miguel Rincon, marking a new era for this luxurious vessel.
Market Value and Operational Costs
With a current value estimated at $30 million, the yacht incurs approximately $3 million in annual running costs. The price of a yacht can significantly fluctuate based on various factors, such as size, age, luxury level, and the materials and technology employed 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’s yacht IJE, Luminosity, and Lionheart.
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