The Lady Moura, 354' private yacht estimated to be worth $200 million, ran aground in Cannes today. The yacht, owned by a Saudi billionaire, spilled several hundred gallons of fuel and authorities had to evacuate nearby beaches. Fortunately, the boat could be pulled off the rocks by tug boats and repaired enough for the boat to head to Gibralter for more extensive work on the hull.
See the full story here.
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