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Giacomo firms as Syd-Hob overall winner

NZ Newswire logoNZ Newswire 28/12/2016 Andrew Drummond
Image of Giacomo yacht © Brendon Thorne/Getty Images Image of Giacomo yacht

New Zealand boat Giacomo looks unbeatable as overall winner of the Sydney to Hobart yacht race.

With 65 boats still to cross the finish line, only three contenders can rob the Volvo 70 class yacht of handicap honours.

The greatest threat is Tassie tub and race veteran Maluka of Karmandie.

The modest nine-metre timber vessel owned by Sean Langman would need to pick up the pace for a chance at the Tattersall's Cup: with a projected finish time some seven hours behind the necessary deadline.

A result should be confirmed later on Thursday.

Calm waters in Hobart's Derwent River have dashed the chances of many boats who were had the potential to take overall honours.

Mirror-like conditions have often limited speeds to less than a knot as some boats dropped anchor to stop drifting backward.

It was a quick start to the 72nd blue water classic event which saw line honours winner Perpetual LOYAL smash the previous record time by more than five hours, finishing in just over a day and a half.

Giacomo took second place line honours with owner and skipper Jim Delegat crediting an early race plan for his success.

"The key really is we picked a good plan, a good strategy, we really thought about the weather and we looked at where we had to be in the first 18 hours," Delegat said after crossing the line on Wednesday morning.

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