Billionaires are chartering superyachts for months at a time to ride out the coronavirus pandemic

Ibragimov yacht Idynasty

Ali Balli/Anadolu Agency/Getty Images

Billionaires are hoping to avoid the coronavirus pandemic by self-isolating on superyachts, The Telegraph's Alan Tovey reports.

Tovey spoke with Jonathan Beckett, the CEO of yacht broker Burgess. Beckett told The Telegraph that wealthy people are looking for ways to "weather the storm" and that a yacht "in a nice climate isn't a bad place to self-isolate."Advertisement

Large yachts have enough storage room to hold supplies that can last for months, Tovey notes, meaning the vessel can spend a longer amount of time at sea without docking. Of course, renting superyachts for months at a time is pricey, with some charging £100,000 ($118,944) a week plus crew costs and the largest of yachts costing over £500,000 (almost $600,000) a week.

"One family has taken a yacht for nine weeks, and we have also had two long-term bookings for yachts of 130 ft and 230 ft," Beckett told Tovey. "Clients are arranging for their children to be schooled on board, with cooking lessons from the yacht's chef and time with the crew in the engine room learning about technology."

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Business Insider's Hillary Hoffower previously reported that though cruise ship ports have closed, superyacht marinas have remained open. Experts told Hoffower that this is because yachts are believed to be more "hygienic" and less "monitored" than cruise ships. As Hoffower pointed out, poor hygiene was one reason why the Diamond Princess Cruise ship went from having 10 cases of the coronavirus to 700 in the course of two weeks.

"Each yacht is disinfected between [charter] groups on board, the air is purified on most yachts, and cleanliness standards are very high," reads a press release issued by superyacht firm IYC in early March addressing coronavirus concerns. "Some of the yachts use special air filters that control [and] reduce the spread of pathogens."While superyachts typically have a "diligent" cleaning crew, close quarters can still put those aboard on risk for contracting the virus. Advertisement

"If you are passing by other guests in a marina it's outdoors, whereas cruise ship terminals and luggage pick up is indoors," Stefanos Makrymichalos, CEO of superyacht firm IYC, told Business Insider. "Ports of entry for ships are being monitored while marinas are not, as there is no evidence of risk."

As a result, yacht charters are still being encouraged (with precautions), though many boat shows have been called off.

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