News yacht fine / reef damage Maldives Impact 5.0/10 1 min read

Luxury Yacht Owner Fined Over MVR 4.8 Million for Reef Damage

The Environmental Protection Agency (EPA) fined the owner of luxury yacht MY Big Fish over MVR 4.8 million for damaging a reef in Maldivian waters. The 45-metre yacht ran aground on a reef on 28 April 2025, damaging approximately 187 acres of reef. The fine of MVR 4,889,450 (USD 317,085) was imposed on registered owner Temple Marine Ltd, with 30 days to pay. The yacht was previously owned by an Australian businessman and is available for charter at around USD 275,000 per week.

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Maldives Republic

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Published

Aug 7, 2025

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The Environmental Protection Agency (EPA) fined the owner of luxury yacht MY Big Fish over MVR 4.8 million for damaging a reef in Maldivian waters. The 45-metre yacht ran aground on a reef on 28 April 2025, damaging approximately 187 acres of reef. The fine of MVR 4,889,450 (USD 317,085) was imposed on registered owner Temple Marine Ltd, with 30 days to pay. The yacht was previously owned by an Australian businessman and is available for charter at around USD 275,000 per week.

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12:39

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Maldives Republic

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