Iraqi dictator's superyacht winds up as sailors' hotel

The actual price of the deal for the new presidential yacht was never disclosed, but the rumour circulating in Iraq is that the yacht cost $25 million (£11m at 1980 rates). What is sure, however, is that the shipyard made a thumping loss on the order, due in no small part to the constant interference from Iraqi officials. “They demanded unrealistic changes and improvements without extra [fees] or extensions to the deadlines,” says Tenna Bülow, archivist of the Elsinore Museum.