The Italian billionaire, whose £ 30million superyacht sank after falling off a freighter, is suing the British transport company for compensation
- The £ 30 million yacht My Song was lost to a cargo ship in October 2019
- The owner Pier Luigi Laro Piana used Peters and May to transport his ship
- Mr Piana is suing for the replacement cost of his carbon fiber super yacht
- Peters and May claim a frame that came with the yacht failed, which resulted in her loss
The owner of a £ 30 million superyacht is suing a UK transport company for the loss of his ship, which fell from a cargo ship and sank in a storm.
The Italian billionaire Pier Luigi Laro Piana hired Peters and May to transport his three-year-old yacht My Song between Antigua and Genoa.
In May 2019, the yacht, which was carried by the freighter Brattingsborg, was lost overboard in a storm around 60 kilometers from Menorca and sank.
The huge yacht was discovered half submerged and drifted 40 miles from Menorca
Pier Luigi, the multimillionaire of & # 39; My Song & # 39; s & # 39 ;, is an heir to high-end clothing company Loro Piana
Mr Piana saw the case being referred from Italy to the Royal Courts of Justice in London.
According to The Times, Mr. Piana is suing the company over the yacht's replacement value.
However, Southampton-based Peters and May decline responsibility.
According to court records: "The primary assessment is that the yacht's cradle – owned and made available by the yacht, guaranteed by the yacht for sea transport and assembled by the yacht's crew – collapsed during the voyage."
Mr Piana's lawyers are trying to return the case to an Italian court.
He had previously told La Repubblica: “For anyone who loves the sea, this boat is like a home from home and it's like my home has burned down.
"We decided to put it on a cargo ship to make sure it wasn't damaged as you can never be sure of the weather."
The yacht was salvaged by a German company, but could no longer be repaired because the carbon fiber hull was perforated in several places and the masts were broken off.
Her owner had & # 39; My Song & # 39; Arranged to participate in the 2019 Loro Piana Superyacht Regatta where she was a returning winner.
Pier Luigi is an heir to the high-end clothing company Loro Piana, which was founded by his grandfather Pietro in 1924.
My song is described as a "wolf in sheep's clothing" – it has a 56 meter mast and can reach more than 30 knots under full sail.
A yachting expert said: & # 39; It's a terribly sad ending for the famous yacht that was the beauty of the ball at the 2017 World Superyacht Awards and won the trophy for the best sailing yacht of its size.
"She was packed with the latest in design and technology and also served as a comfortable cruising yacht."
The yacht was transported by the cargo ship Brattingsborg when it was involved in the storm