Authorities are exploring the possibility that the Turkish businessman's vessel might have collided with a cargo ship.

The founder of luxury boatmaker Mazu Yachts vanished en route to Mykonos, with his vessel found wrecked and half-sunken off the Turkish coast, sparking an international search effort.

According to local media reports, a distress call was issued on Monday evening by a competing Spanish yacht due to rough seas; no further information was given regarding the French woman

Long-awaited simplified and electronic charter procedure unveiled by shipping ministry. Professional craft exceeding 35 meters under a foreign registry included.

Greece to launch a platform this month enabling foreign-flagged pleasure boats over 35m to register their charters between Greek ports