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UK court: Mike Lynch's estate owes HP over $940 million to an ex-business partner

Posted to Maritime Reporter on July 22, 2025

Hewlett Packard owes more than 700 millions pounds ($944million) to the estates of Mike Lynch, the late business partner of Lynch's and their former business partners over the acquisition of Autonomy by Hewlett Packard. This was revealed on Tuesday by a London High Court judge.

SailGP opens new cutting-edge facility for championship growth

Posted to Maritime Reporter on July 17, 2025

SailGP unveiled on Thursday its new innovation centre, worth $10 million in Southampton. The centre is home to more than 100 boat building experts with a mission of supercharging the fastest sailing championship. The SailGP Technologies facility…

Powerboat racing E1 is looking for new investors to finance growth by adding more boats

Posted to Maritime Reporter on July 1, 2025

The E1 World Championship in electric powerboat racing is looking for 20 million euros (about $23,55 million) to help fund its growth. This series has already been backed by many of the biggest names in sports and entertainment. The team owners include Will Smith…

Luna Rossa welcomes America's Cup winner Burling after Team NZ split

Posted to Maritime Reporter on June 20, 2025

The team announced that Peter Burling, a three-time America's Cup winner and helmsman of New Zealand's Luna Rossa, has left New Zealand to join the Italian team Luna Rossa ahead of the 2027 edition sailing's most prestigious event. The 38th America's Cup will be held in Naples, Italy.

Spain takes the lead in SailGP New York on Day One

Posted to Maritime Reporter on June 7, 2025

On Saturday, Spain led the first day of the SailGP sixth round. Diego Botin and his team were well-positioned to win consecutive races. Spain, the defending series champions, won the San Francisco race in March. They made it look effortless…

Ares and Mbappe, Madrid rivals, join forces in SailGP to ride the same wave

Posted to Maritime Reporter on June 18, 2025

Ares Management, the Wall Street investment giant, has entered into a partnership with Real Madrid's Kylian Mbappe. The two have acquired a minor stake in France SailGP Team - where old rivals find themselves suddenly in the same boat. The $546 billion asset management company…

SailGP wins consecutive victories in New York with Spain

Posted to Maritime Reporter on June 8, 2025

On Sunday, the reigning champions Spain gave a strong performance in the second round of SailGP. They beat New Zealand and France to win the final race at New York. The season has now reached its halfway point. Diego Botin’s team, fresh off…

SailGP roars back into action in New York after Rio cancellation

Posted to Maritime Reporter on June 6, 2025

SailGP teams are ready to shake off rust this weekend in New York, as the global championship returns to action following a short hiatus caused by a defect with the wingsail that forced the cancellation of the Rio event. The defect was identified…

Azimut Benetti, an Italian yacht manufacturer, says that tariffs will not affect larger yachts

Posted to Maritime Reporter on May 19, 2025

The majority of luxury yachts manufactured by Italy's Azimut-Benetti won't be directly affected by U.S. tariffs on imports, said its owner and chairwoman, but the wider impact of trade tensions may become problematic. Giovanna Vitell told the Financial Times Business of Luxury forum in Barcelona…

Berntsson leads the charge in Congressional Cup semifinals.

Posted to Maritime Reporter on May 3, 2025

The 60th Long Beach Yacht Club Congressional Cup is a tight race between four teams for the two semi-final spots. Only two flights remain in the double-round-robin stage. Four skippers are separated by just one point in a high stakes race that…

Team racing is back with bold new format and new boats

Posted to Maritime Reporter on May 2, 2025

Next month, after a decade of sporting inactivity, the team racing world championship will roar to life when 12 crews are determined to rewrite sport's hierarchy. Organisers announced on Friday that the 2025 Team Racing World Championship, which…

Monnin finishes second in the Congressional Cup

Posted to Maritime Reporter on May 2, 2025

Eric Monnin, from Switzerland, delivered a masterclass of match racing on Thursday at the 60th Long Beach Yacht Club Congressional Cup. He won all three races and surged into second place. As the second round of qualifying begins, the Swiss…

Poole takes to the field for 60th anniversary of Congressional Cup

Posted to Maritime Reporter on May 1, 2025

Chris Poole, the defending champion of the 60th Anniversary Congressional Cup has made a bold statement of intent by steering his Riptide racing team to six victories in a row on Wednesday's first day of competition. Long Beach's sea breeze…

New Zealand leads SailGP Los Angeles on the first day

Posted to Maritime Reporter on March 15, 2025

Peter Burling, the skipper of New Zealand's SailGP team, took two victories out of four races in the sunny and breezy conditions of Los Angeles Harbour on Saturday. New Zealand, which won the first race in Dubai, took the top spot on the final day with 31 points.

Pip Hare, Canada Ocean Racing's new foiling weapon, joins the charge

Posted to Maritime Reporter on April 30, 2025

Canada Ocean Racing announced on April 30 that it has signed British offshore sailing superstar Pip Hare to compete in The Ocean Race Europe 2020. The team is preparing to reveal a new foiling IMOCA boat ahead of the competition. The seven-team race starts in Kiel…

Carnival raises annual profit forecast on strong cruise demand

Posted to Maritime Reporter on March 21, 2025

Carnival Corp, the cruise operator, raised its profit forecast for 2018 on Friday. The company benefited from increased ticket prices, strong advance bookings, and strong customer spending on board. Although cruise ticket prices are on the rise…

SailGP Sydney: Britain wins thrilling final in Sydney

Posted to Maritime Reporter on February 9, 2025

Dylan Fletcher’s Britain defeated Giles Scott’s Canada in an exciting final on Sydney Harbour on Sunday to win the third round of SailGP and extend their lead in the series standings. Australia with Tom Slingsby as the skipper had won three…

SailGP Day One in Sydney: Australia's smooth start dominates

Posted to Maritime Reporter on February 8, 2025

Australia won two out of four races on Saturday, the first day of SailGP's third round. Skipper Tom Slingsby was a master of starting and gave the Australian team the victory. Three-time champions Australia, who won the series' second round in Auckland…

SailGP crews in New Zealand will be tested by faster foils as they chase a victory

Posted to Maritime Reporter on January 13, 2025

SailGP crews are tackling the new "T-foils", which have a higher speed, for the first in Auckland this weekend. This follows a successful outing of training on Monday. The L-shaped foils that have been in use since the league's start in 2019…

Simon breakss 600-mile mark at Vendee Globe

Posted to Maritime Reporter on November 27, 2024

Sebastien S. Simon, a Frenchman from the Vendee Globe, broke the solo monohull 24 hour distance record on Wednesday. He sailed 602,56 nautical miles and beat his compatriot Yoann RICHOMME's previous mark by 22.7%. In recent times, the fleet has been propelled by an ever-moving depression.

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