Fiji hands over $300m Amadea to US authorities

Fiji hands over $300m Amadea to US authorities

The Fijian government has handed over the seized $300m superyacht Amadea to US authorities in a move that demonstrates Washington’s 7,767-mile field of influence. Today’s decision by the Supreme Court of Fiji overturned the High Court’s earlier ruling to allow

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US sanctions Imperial Yachts and CEO Evgeniy Kochman

US sanctions Imperial Yachts and CEO Evgeniy Kochman

The US Office of Foreign Assets Control (OFAC) has added Imperial Yachts and its CEO Evgeniy Kochman to its sanctions list. It has also sanctioned Flying Fox, its largest charter yacht as well as six other yachts linked to Russians.

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SYI Next Big Thing: With Jenny Matthews, founder of She of the Sea

SYI Next Big Thing: With Jenny Matthews, founder of She of the Sea

Welcome to the first episode of Superyacht Investor’s (SYI’s) Next Big Thing. In this series, we ask industry insiders to identify the next big thing in superyachting, what challenges the industry may face in dealing with the topic and how

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GYG reports ‘steady trading growth’ in Q1

GYG reports ‘steady trading growth’ in Q1

Painting, supply and maintenance company GYG has reported steady trading growth in the first quarter (Q1) of 2022, in line with group forecasts. The superyacht service company also said its Nobiskrug refit project is set for completion in June 2022.

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$3.4m yacht sunk in UK harbour inferno

$3.4m yacht sunk in UK harbour inferno

Officials are probing the cause of a blaze that resulted in the 85ft (26m) Rendezvous sinking  to the bottom of Torquay harbour, UK on Saturday May 28th. The vessel, built by Princess Yachts, was uncrewed at the time and the

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Bering Yachts opens second shipyard in Bulgaria

Bering Yachts opens second shipyard in Bulgaria

SYI Summary: Turkish shipyard Bering Yachts has opened a second shipyard in the city of Burgas, Bulgaria. Based on the shores of the Black Sea, the new yard will focus on building smaller yachts before graduating to superyacht hulls. Pictured:

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Sanlorenzo to make Venice Boat Show debut

Sanlorenzo to make Venice Boat Show debut

SYI Summary: Sanlorezo will be at the Venice Boat Show for the first time. The Italian shipyard will display three models from its fleet: The SX88 (pictured above), SX76, and SL78. The Venice Boat Show will take place on May

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Yacht set ablaze off Italian coast

Yacht set ablaze off Italian coast

The 27m (88ft) superyacht M/Y Naseem has sunk five miles off Puglia, southern Italy, after being engulfed by flames. Italian publication Daily Nautica reported that all crew was rescued by the Italian Coast Guard. Alarms were raised late in the

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Superyacht Investor London 2022: Day one in pictures

Superyacht Investor London 2022: Day one in pictures

              Delegates from all over the world gathered for Superyacht Investor London 2022 at the Hilton London Tower Bridge. The first panel of the conference kicked off with a discussion on how the Russian

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Crews-in into 2022

Crews-in into 2022

When one door closes, another door opens. International sanctions caused many in the industry to fear for the livelihoods of crew on Russian vessels. However, the highly qualified and experienced crew from these yachts are now available for employment throughout

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