Malaysian government hits back at claims by former official over superyacht ‘Equanimity’

Malaysian government hits back at claims by former official over superyacht ‘Equanimity’

The Malaysian government has wasted little time in rebutting criticism to a statement released on an untraceable private blog by fugitive and former official Jho Low. In his New Year’s blog Low claimed that a US court had granted the

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Former 1MDB official criticises Malaysian government over superyacht ‘Equanimity’ sale

Former 1MDB official criticises Malaysian government over superyacht ‘Equanimity’ sale

Former official Jho Low, who is wanted by Malaysian authorities for alleged fraud has released a statement attacking the government’s sale of superyacht Equanimity. The communication issued by Wells Haslem Mayhew Strategic Public Affairs (Australia) was published on Low’s private

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Helicopter sold in UK’s largest divorce settlement and superyacht could be next

Helicopter sold in UK’s largest divorce settlement and superyacht could be next

A helicopter at the centre of the largest divorce settlement in UK history has been sold for €5 million (euros). The Eurocopter EC155 helicopter (registered as M-LVNA Fairoaks) was formerly the property of Lucy Ltd, a company registered in the

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Auckland council want to charge superyacht owners at America’s Cup 2021, NZ

Auckland council want to charge superyacht owners at America’s Cup 2021, NZ

Superyachts over 40 metres heading to the New Zealand coast and the city of Auckland for the 2021 America’s Cup could be charged thousands of dollars for anchorage by the city’s local council. Affectionately know as the ‘Auld Mug’, the

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Ex ‘Indian Empress’ owner faces extradition and former crew receive outstanding wages

Ex ‘Indian Empress’ owner faces extradition and former crew receive outstanding wages

The former owner of the superyacht Indian Empress, Vijay Mallya has been told by Westminster Magistrates Court that he can be extradited to India to face allegations of fraud and money laundering. On Monday the court rejected arguments made by

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Indonesian government courts superyacht owners by removing luxury tax

Indonesian government courts superyacht owners by removing luxury tax

The Indonesian government is hoping to entice superyachts to visit the country by removing tax barriers for owners. ‘The luxury goods tax’ will be scrapped immediately for yachts entering Indonesian waters. The finance ministry indicated in July that due to

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Superyacht Connectivity Report: Accessing the Internet at Sea

Superyacht Connectivity Report: Accessing the Internet at Sea

Where once yachting was about a lifestyle disconnected from the world, now for many a life without connectivity is a lifestyle not worth living. “Imagine a customer is chartering a superyacht for 200,000 euros a week,” said Umberto Gallo, CEO,

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Markel International and Pantaenius form superyacht insurance partnership

Markel International and Pantaenius form superyacht insurance partnership

More collaboration in the insurance market as Pantaenius, the long-established European insurance firm which focuses on providing cover for yachts, has entered into a partnership with insurance specialist Markel International. The collaboration will bring together Markel’s London market expertise and

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Auction for superyacht ‘Equanimity’ now closed

Auction for superyacht ‘Equanimity’ now closed

The auction for the seized superyacht Equanimity has now formally closed after a month of highly secretive bidding. It is expected that the sealed envelopes containing the bids will be opened tomorrow (29th October) by the Judicial Commissioner in Malaysia.

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Hourly superyacht charter in Sydney Harbour more profitable than weekly

Hourly superyacht charter in Sydney Harbour more profitable than weekly

‘Sydney Harbour Exclusives’ in Australia is offering customers the chance to charter superyachts by the hour. With owners and brokers looking to maximise revenues (particularly during low seasons) the hourly service enables people to experience luxury yachting while generating valuable

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