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Superyacht crews repaid millions in lost wages

Superyacht crews repaid millions in lost wages

Superyacht crews received £2.75m in unpaid wages last year, thanks to the maritime crew union Nautilus International. The increase in the amount recovered reflects a growing number of cases in the superyacht sector, with the firm expecting numbers to continue

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Two charged with aiding Russian billionaire evade superyacht sanctions

Two charged with aiding Russian billionaire evade superyacht sanctions

Two men have been charged by the US Department of Justice with helping Russian billionaire Viktor Vekselberg, owner of the 255ft (78m) MY Tango superyacht, evade sanctions and run a money laundering scheme. The yacht was previously seized in Mallorca,

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Russian billionaire’s superyacht sanctioned by OFAC

Russian billionaire’s superyacht sanctioned by OFAC

The Office of Foreign Assets Control (OFAC) has added superyacht Nirvana to the US sanctions list, in conjunction with owner Vladimir Potanin being sanctioned on Friday, December 16th. The 61 year old oligarch is the majority shareholder and president of

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Seized superyacht Fabergé egg confirmed as fake

Seized superyacht Fabergé egg confirmed as fake

The Fabergé egg found on superyacht Amadea by US authorities earlier this year has been confirmed to be fake by officials. Lisa Monaco, US deputy attorney-general announced in July during the Aspen Security Forum that a Fabergé egg had been

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Is superyacht Nord on a sales tour?

Is superyacht Nord on a sales tour?

The movement of superyacht Nord has attracted a lot of headlines, but is the yacht actually on a sales tour? Yachting market sources in Hong Kong say that the yacht may have been viewed by several potential customers who are

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Sanctioned but still spending: France and Spain accept Russian cash

Sanctioned but still spending: France and Spain accept Russian cash

Russian owners of detained superyachts are continuing to pay for maintenance services in France and Spain, despite being on sanctioned lists. Most owners whose vessels have been frozen are still paying for their superyacht’s maintenance, crew, docking and insurance fees,

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Hong Kong refuses to seize Russian superyacht

Hong Kong refuses to seize Russian superyacht

US attempts to seize a yacht owned by a sanctioned Russian in Hong Kong have been dismissed by the Hong Kong Government. The 466ft (142m) Nord is anchored in Victoria Harbour, Hong Kong, flying the Russian flag. Hong Kong’s Chief

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Hammer time for seized yachts

Hammer time for seized yachts

We all love a bargain. Many were looking for one this week, as brokerage Howe Robinson Partners auctioned the seized superyacht Axioma in Gibraltar. The yacht belonged to Russian oligarch Dmitry Pumpyansky, who found himself on sanctions lists earlier this year. But

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Russian yachts are having a Rotter-dam

Russian yachts are having a Rotter-dam

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

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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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