Russian billionaire’s 90-meter superyacht docks in Singapore
By Kevin Varley
(Bloomberg) — The 90-meter super yacht Dar, linked to Russian billionaire Ziyad al Manasir, is currently moored in Singapore’s Marina at Keppel Bay.
The vessel arrived in Singapore on Feb. 18 after sailing four weeks from Genoa, Italy, shipping data analyzed by Bloomberg showed. Based on the SuperYachtFan website, the ship can carry 12 guests and has a crew of 31 people, with its running costs about $18 million per year.
It’s not clear if Manasir, the Jordanian-born founder of Stroygazconsulting, a construction company based in Russia, traveled on the yacht from Italy.
After Russia attacked Ukraine last year, the 57-year-old Manasir appeared on a US Congress list of 198 individuals to be reviewed for possible sanctions last year, but he has not been targeted or charged with wrong-doing.
This comes as luxury vessel sales dropped 32% last year from a torrid 2021, when many first-time buyers entered the market during the pandemic, said VesselsValue Ltd on its website.
A weakening global economic outlook has led to a cooling yacht market with price reductions rising swiftly toward the end of 2022, suggesting a poorer year for sales in 2023 according to the industry watcher.
©2023 Bloomberg L.P.
