Yachting News » Of Interest » Russian billionaire sues Dulux over yacht paint blunder

Russian billionaire sues Dulux over yacht paint blunder

Yacht A in Kiel 140 x 2

A Russian chemical tycoon is suing Dulux's owner for £62 million after claiming the paint company's incompetence forced him to redecorate his £200 million yacht.

Andrey Melnichenko commissioned Akzo Nobel to provide a high quality finish for the Philippe Starck designed vessel, which costs more than £12 million each year to maintain.

However, court documents maintain that problems began to appear towards the painting completion, including the paint appearing to run and coats separating to cause "lines and sags" and an overall "cloudy" appearance.

Following the 41-year-old's dissatisfaction, the company repainted the yacht at its own expense, but a second application was considered "unsatisfactory", according to the Daily Mail.

Mr Melnichenko's claim includes £15 million to cover the cost of repainting the vessel, alongside a monthly sum of £2.5 million to pay for a temporary replacement yacht. The yacht, named 'A' after Mr Melnichenko's model wife Aleksandra, will be out of action of 18 months to allow for a new coat of paint.

The documents states: "In addition to attorney fees and costs, these damages represent over $100million in ascertainable losses on the part of the plaintiff."

Mr Melnichenko, who is worth nearly £9 billion, also owns the £24 million Harewood Estate in Ascot, Berkshire.

The 394 foot yacht was the subject of intense interest following its completion in 2008.

As well as three pools, stingray-hide walls and £25, 000 bath taps, it boasts the facilities to house 37 crew, alongside living quarters for an additional five staff.

The bedroom is accessed by a fingerprint security system, inside which is a rotating king-sized bed, and a 60-inch plasma TV which retracts from the ceiling.

Mr Melnichenko, who made his fortune in coal and fertilisers, and Aleksandra, a former Serbian model and pop singer, hired Jennifer Lopez to sing in 2007 for £1 million.

(Original source: Google News: The Telegraph)


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