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He estimated that the boat cost at least $100,000 and could have carried 10 tons of narcotics.
The Banque Populaire director of communications, Chantal Petrachi, said the boat cost more than $15 million to build.
During the September peak, the most expensive boat cost $8,500 and the engines cost $4,000, although prices have since fallen.
Although each boat cost tens of millions of dollars and required more than 100,000 man hours to construct, Alinghi's defender, Alinghi 5, and BMW Oracle Racing's challenger, USA-17, only raced twice off Valencia, Spain, in February 2010.
So the boat cost will be about 60percentt or less to build and you only have to build one and that is going to be quite the cost savings.
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Seven nights' full-board guided itinerary with use of a launch boat costs £595pp.
A week in Kerala, backwaters and coast, including a night on a rice boat costs from £1,165 per person.
At the show the Labour leader would find that demand is once again surging for the ultimate billionaire's plaything, ranging from an entry-level 30 metre-long boat costing around £10m, to gigantic vessels with 90-strong crews that are effectively private cruise liners.
A Goetz custom boat costs at least $1 million and is the yachting equivalent of a custom-tailored suit.
(During the day, boats cost less).
Small self-drive boats cost from £25 an hour.
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