luxury yacht

MySky superyacht linked to Russia's Igor Kesaev is seen in the waters of the waters of the Indian Ocean near Male, Maldives, March 4, 2022. Photo: REUTERS
World+Biz

What recession? The global superyacht industry is booming

Americans are driving up demand, more than making up for the absence of Russians who’ve all but disappeared from the market

Scheherazade, one of the world's biggest and most expensive yachts allegedly linked to Russian billionaires, is moored in the harbour of the small Italian town of Marina di Carrara, Italy, March 23, 2022. REUTERS/Jennifer Lorenzini
World+Biz

Italy impounds luxury yacht linked to Russian president