Hong Kong Billionaires 200 Foot Phuket Superyacht (UPDATED)

Posted: 29 Dec 2010 | 6:00 am

UPDATE: After the story came online we received an update from the owner's representatives and Yacht Solutions who released the following joint statement:

"Due to reasons as yet unknown the 60 metre Motor Yacht Fox sadly partially sank as she was launched from the slipway at a Bangkok shipyard where she had undergone a major refit.

Surveyors and insurance companies are now assessing the damage to see how best the vessel can be salvaged.

All parties concerned in the refit who have expended a huge amount of time and effort into the project are devastated and respectfully request that the incident is not discussed, or publicized in any way beyond this statement.

At this point in time there is little point in surmising, speculating or guessing what went wrong as a full investigation is still ongoing and a full report of the facts will be known upon conclusion of that investigation."

The original story ran as follows:

Phuket's Ruea Yachts is set to deliver 200 foot superyacht "The Fox' to a Hong Kong billionaire in February

Back of subsidiary Yacht Solutions the Twist Brothers will see the culmination of a two year fit-out process completed in a Samut Sakorn shipyard.

The yacht features include seven guest cabins, six meter pool, private cinema and manning by 18 crew.

Yachts of this class trade in the range of USD60 million.

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