LONDON: In a landmark case in the UK courts, a luxury yacht firm has been handed stiff penalties for using ‘blood’ teak imported from Myanmar on some of the vessels it builds. Sunseeker International Ltd – self-styled as “the world’s leading brand for luxury motor yachts” – is based in Poole, Dorset. Sitting at Bournemouth […]
... Teak is highly prized in luxury yacht building for its durability, water-repellent properties and elegant appearance. And as the best teak on Earth is found in Myanmar (formerly known as Burma), it may be assumed that it will have been used for the acres of decking on Bezos's yacht, although neither he nor Oceanco have confirmed it
The Ferretti Group, an Italian superyacht builder which boasts of using “the best quality standard of Burmese teak for teak decking”, is seeking new investment to bolster its business by going public, despite being accused of breaching EU law on the importation of what’s called ‘the king of woods’
Despite EU sanctions, cash-hungry Myanmar military offers to accept Euros in upcoming teak auction.
The next time you see a superyacht know this – it is more than likely decked out with Myanmar teak. EIA and the people in Myanmar call it ‘blood timber’ and for good reason
Despite trade sanctions imposed in June to ban imports of Myanmar teak into Europe, more than 300 tonnes of the ‘king of woods’ worth well over €2 million has since entered into Italy