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
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
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
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
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
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
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
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
Three oceans, 11 time zones, 147m inhabitants. Russia is the largest country in the world. As well as the oceans it has 11 seas and over 100,000km of inland waterways, yet it occupies just 2% of the marine shipbuilding market.
Quentin Bargate and Adam Ramlugon, Bargate Murray, look at the impact of the new Russian CFC Rules on the superyacht industry. For some time now, the Russian authorities have expressed concerns over the use of offshore structures by Russian corporations
