The US government has found what it believes to be a Fabergé egg on seized superyacht Amadea (pictured). The $300m vessel, owned by sanctioned Russian oligarch Suleiman Kerimov, has been a key target in the US law enforcement’s battle against
Imagine spending €1.654bn ($1.682bn) on superyachts. What would your investment buy? One answer is 26 luxury vessels. That is the combined value of 24 yachts under investigation by the Dutch customs authorities in connection with Russian ownership plus a further
Sunreef Yachts is set to open a new shipyard in the United Arab Emirates following rising demand in the Middle East. It will be the first overseas project the Polish shipyard has undertaken. The luxury yacht builder currently has two
SYI Summary The Mallorca-based design studio has announced a new 164ft (50m) superyacht project, created in collaboration with Atollvic Shipyard, the BYD 50. Built will a full hybrid propulsion system with two hydrogen fuel cells, it is also equipped with
More than 1,030 superyachts around the globe now fly the Maltese flag as the island nation registered a record 51% increase in registrations. Malta has held the highest number of registered superyachts over 78ft (24m) since 2020. The new figures
Marinas are on the frontline of the yachting boom. More superyachts mean more superyacht berths are needed in ports around the world, particularly in evergreen yachting hubs such as the Mediterranean. According to the Superyacht Times’ State of Yachting report,
Superyacht brokerage Yachtzoo has partnered with global crypto payment service provider BitPay. The new alliance will enable its clients to purchase, charter or sell yachts using cryptocurrency. Whilst most transactions will be made using conventional currency, a select number of
Pelorus has appointed Gayle Patterson as the head of charter in its Yachting division. Patterson previously held positions at yacht brokerages Northrop & Johnson and Camper & Nicholson, where she gained years of experience in charter brokerage and charter management.
Superyacht security system provider MarineGuard Systems has acquired Exploration and Production Information Company (EPIC) for an undisclosed sum. MarineGuard’s expertise lies in the design, manufacture, and installation of automated security systems on superyachts. Scotland-based EPIC specialises in the supply and
Alia Yachts has sold the in-build 173ft (523m) Alia Sea Club (pictured), for an undisclosed sum. The vessel is set to be delivered to its owner by the end of 2023. Onne Logger, director, Azure Yacht Design said: “We developed
