Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Italians to attempt Atlantic record

Wolfgang Achtner
Saturday 04 July 1992 23:02 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

FOR MORE than a month, an Italian speedboat called the Destriero, or 'Charger', has been waiting near Gibraltar for favourable conditions to make an attempt on the record for a transatlantic crossing and claim the famous Blue Ribbon.

Destriero will try to complete the 3,500-mile non-stop journey from Tarifa Point in Spain to Ambrose Lighthouse off New York in less than three days, 12 hours and 12 minutes.

The challenge was organised by Karim Aga Khan, the international financier, and Gianni Agnelli, the chairman of Italy's motor giant Fiat. They convinced sponsors such as Agip and General Electric to invest more than L14bn ( pounds 6.5m) in the project. Another L50bn was put up by Bravo Romeo, a Dublin company supposedly linked to the Aga Khan.

The firms are not simply in this for the glory. They are interested in developing a new generation of fast ferry boats. A recent study by the shipbuilder Fincantieri says the ferry business in Europe is expected to grow by 30 per cent over the next five years and stresses the need for faster crossings on many Mediterranean routes.

Destriero's sponsors believe a record-breaking crossing will demonstrate that they have already developed the best new technology. Fincantieri says the potential market may be worth more than dollars 1.5bn.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in