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Tag "Sanctions"

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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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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Antiguan law enforcement search sanctioned superyacht

Antiguan law enforcement search sanctioned superyacht

Antiguan and Barbudan authorities have searched sanctioned Russian-owned superyacht, Alfa Nero as part of an ongoing FBI investigation. The findings of the operation will be published later this week, according to the Antiguan prime minister’s chief of staff, Lionel Hurst.

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Oligarch’s seized superyacht to be sold to highest bidder

Oligarch’s seized superyacht to be sold to highest bidder

The superyacht belonging to sanctioned Russian oligarch Dmitry Pumpyansky will be sold to the highest bidder at a judicial auction in Gibraltar. Axioma will be the first seized yacht belonging to a sanctioned individual to be publicly sold since sanctions

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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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US sanctioned superyachts: The list so far

US sanctioned superyachts: The list so far

Superyacht Investor has identified 14 superyachts that have been sanctioned by the US Office of Foreign Asset Control (OFAC). Nine of those were sanctioned after the invasion of Ukraine on February 24th, 2022. The 14 vessels are mainly linked to

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