Fire at Ferretti

[Bstnsportsfan]

Saw this on Instagram this morning from super yacht times. No other details yet.

[Tori645]

Not good

[Parker Yacht]

Up in smoke.
Lot's of boat yard "fires" lately.

[TomS]

Up in smoke.
Lot's of boat yard "fires" lately.

So for the naive like me, they're watching the market value on paper go up, re-insuring to same, then it goes poof?

[Parker Yacht]

So for the naive like me, they're watching the market value on paper go up, re-insuring to same, then it goes poof?

No, prolly not. I'd say more on the inexperienced personnel and not keeping proper fire watch whilst doing hot work.