Multimillion dollar superyachts are going up in flames

Multimillion dollar superyachts are going up in flames

Their “luxe” run out.
A number of luxury superyachts have gone up in flames in recent months, including Positive Energy, a $2.5 million boat that smoldered off the coast of St. Thomas in mid-March, two multimillion-dollar vessels that caught fire in the Abu Dhabi Marina Yacht Club in early March and three that burned in Turkey.
Multimillion dollar superyachts are going up in flames

So why are the super-wealthy suddenly so unlucky?
Joe F. Foggia, a yacht salesman at Northrop & Johnson in Fort Lauderdale, Fla., blames poor maintenance.
The larger the yacht, the more equipment and crew is required to maintain it; a 180-foot yacht can rack up $4.75 million in operating costs in a single year.

And cutting corners could spell disaster down the road.
“As wires get older and they chafe on the metal structure, any of that kind of stuff can create a fire,” Foggia said.
This story originally appeared on NYPost.com.
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