Thousands of crew affected by Russia sanctions

Thousands of crew affected by Russia sanctions

Up to 4,500 crew working on superyachts owned by Russians are being impacted by sanctions imposed after the invasion of Ukraine. Some have reportedly lost their jobs, while others fear non- payment of their wages, according to industry sources consulted

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MB92 Group names Jean-Marc Boligner as new CEO

MB92 Group names Jean-Marc Boligner as new CEO

The superyacht refit and maintenance company MB92 has appointed Jean-Marc Bolingeras its new group CEO. Pepe García-Aubert will continue as president and chairman of the MB92 Group. Bolinger (pictured)  has worked in a range of industries from business services and consumer

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Why NFTs are not just for Bored Apes

Why NFTs are not just for Bored Apes

Talk show host Jimmy Fallon and Charlie Brown fanatic Snoop Dogg may not strike you as being nautical enthusiasts. But both have spent more than $250,000 on membership to the Bored Ape Yacht Club, a non-fungible token (NFT) for a

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First superyacht seized in UK waters under sanction rules

First superyacht seized in UK waters under sanction rules

A Russian-owned superyacht has been seized in UK waters for the first time today, on the orders of UK transport secretary Grant Shapps. The 192ft (58.5m) $50m yacht Phi, owned by an unnamed Russian business man, was arrested at Canary

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MB92 shipyard reveals new lifting platform in final position

MB92 shipyard reveals new lifting platform in final position

The new superyacht lifting platform, capable of handling six vessels up to 337ft (115m) in length, at MB92 La Ciotat’s yard in the south of France is now in place, ahead of the facility’s opening this September, according to the

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International Yachting and Jet Edge enter travel partnership

International Yachting and Jet Edge enter travel partnership

The International Yachting Co. (IYC) and Jet Edge have partnered to offer “safe-bubble” travel packages. IYC said the partnership will build on record-breaking sales figures across new build, brokerage and charter throughout 2021. According to IYC, the agreement with Jet Edge

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GYG predicts revenue growth of $4.3m in 2021

GYG predicts revenue growth of $4.3m in 2021

Superyacht paint and service company GYG is predicting revenue growth of $4.3m (€3.9m) in 2021, as revenue reaches $69.4m (€62.8m), according to its trading results for the year ended December 31st, 2021. GYG’s final results for the 2021 financial year

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Yanmar invests $21m in GetMyBoat in hopes for digital charter boost

Yanmar invests $21m in GetMyBoat in hopes for digital charter boost

Yanmar America has acquired a majority stake in boat rentals and charter app GetMyBoat, as parent company Yanmar Holdings invests $21m in Series B funding in the business to boost its digital revenues. Yanmar Holding’s chief strategy officer Shiori Nagata

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Oligarchs: UBO sightings on the rise, seizures follow

Oligarchs: UBO sightings on the rise, seizures follow

No not unidentified flying objects (UFO). It’s ultimate beneficial owners (UBO), namely oligarchs, who have been sought out in recent weeks. Whilst sanctions lists have grown in response to the intensifying conflict in Ukraine, governments have been arresting and seizing

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Isle of Man deregistering all Russian yachts

Isle of Man deregistering all Russian yachts

The Isle of Man Ship Registry is stopping business with all Russian and Belarusian customers. This applies even if individuals or corporates are not on a sanctions list. The registry has already cancelled registrations on yachts and ships linked with

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