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Superyacht Investor London 2022: Sanctions lead to choppy waters

Superyacht Investor London 2022: Sanctions lead to choppy waters

There were no Russian yacht owners at Superyacht Investor London 2022 for obvious reasons. But the effects of the Russian invasion of Ukraine dominated much of the conference. It started with an excellent session looking at the impact from the

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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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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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Superyachts, the Fifth Amendment, and the French Revolution

Superyachts, the Fifth Amendment, and the French Revolution

The Founding Fathers, the French proletariat and 205ft luxury yachts may never have been mentioned in the same instance before; yet all are prominent features of discussion since the latest development from US legislators. US Congress voted in favour of

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Fijian authorities seize Russian-owned superyacht on US’ behalf

Fijian authorities seize Russian-owned superyacht on US’ behalf

Fijian law enforcement have executed a seizure warrant on request from the US freezing the 348ft superyacht Amadea owned by sanctioned oligarch Suleiman Kerimov. Assisted by the FBI, Fijian authorities seized the yacht following of a warrant from a US

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Seized yachts: What we know so far

Seized yachts: What we know so far

More than 50 yachts, valued in billions of dollars, have been detained worldwide in connection with sanctions imposed after the Russian invasion of Ukraine, according to a Superyacht Investor investigation. Governments have formally and publicly seized 15 superyachts, with a

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UK government sanctions owner of Heesen Yachts

UK government sanctions owner of Heesen Yachts

The UK government has sanctioned Vagit Alekperov, who owns Heesen Yachts. Alekperov is subject to a UK travel ban and asset freeze. Alekperov bought the yard in 2008 from its founder. He owns the yard through a series of holding

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As sanctions bite, what happens to Russian-owned superyachts?

As sanctions bite, what happens to Russian-owned superyachts?

In the past eight weeks at least 25 Russian superyachts have been seized, arrested or detained by governments, banks and law enforcement agencies. This includes 12 under construction in the Netherlands. It also includes Dilbar (pictured above) (linked to sanctioned Russian

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Cocaine yacht MY Kahu to be sold to the highest bidder

Cocaine yacht MY Kahu to be sold to the highest bidder

Seized yacht MY Kahu will be sold to the highest bidder at an online auction in April, after being arrested carrying over 2t of cocaine. The UK National Crime Agency has instructed the sale of the 120ft (36.58m) vessel to

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Spain seizes Russian-owned superyacht on behalf of US

Spain seizes Russian-owned superyacht on behalf of US

Spanish law enforcement has seized the 77m (255ft) superyacht, Tango on behalf of the US Department of Justice due to its connections to sanctioned oligarch, Viktor Vekselberg. The US alleges that Feadship-built Tango was subject to forfeiture based on violation

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