Maldives
Russian Billionaire's Yacht Detained in Gibraltar
A luxurious super-yacht linked to the owner of Russia's largest steel pipe maker, who is currently under British and European Union sanctions, docked in Gibraltar on Monday and was then detained by the authorities.Western sanctions on Russian oligarchs over Moscow's invasion of Ukraine have triggered an exodus of luxury yachts from Europe in recent weeks, with several heading towards the Maldives, which has no extradition treaty with the United States.Reuters TV footage showed the "Axioma", believed to be owned by Dmitrievich Pumpyansky…
Yacht Linked to Russian Oligarch Leaves Barcelona
A superyacht linked to Russian oligarch Roman Abramovich left Barcelona on Tuesday where it had been undergoing repairs in a local shipyard, ship-tracking data showed.The 140-meter (460-foot) My Solaris, which sails under a Bermuda flag according to monitoring site Marine Traffic, left Spanish company MB92's Barcelona shipyard just after 5 p.m. (1600 GMT) on Tuesday, according to the same site. MB92 declined to comment.The superyacht, which was built in a German shipyard and first took to the sea early last year, is one of a string of yachts owned by Abramovich…
Russian Billionaire's Yacht Stuck in Hamburg Shipyard
A luxury yacht linked to Russian billionaire Alisher Usmanov, who faces EU sanctions over Russia's invasion of Ukraine, is sitting in a shipyard in the German port of Hamburg and local authorities said there were no plans to deliver it to its owner.Hamburg authorities denied that they had seized the more-than-500-foot (150 meter) Dilbar superyacht, which boasts a 25-meter swimming pool and is worth nearly $600 million. Forbes had reported on Wednesday that it had been undergoing…
Sperry Marine Delivers Superyacht Solution
Northrop Grumman Sperry Marine service engineers are used to responding to urgent demands for repairs, maintenance and system upgrades. When the crew of 46m superyacht Forwin had no one else to call, they asked the Sperry Marine service team to fix a problem that they didn’t even know they had.Built in Italy and originally operated in the Mediterranean Forwin was en route from its new home port in Hong Kong to the Maldives when the steering system malfunctioned, forcing the boat…
Asia Pacific Leads in Global Yacht Charter Market
Transparency Market Research (TMR) forecasts the global market for yacht charter to register a 7.2% CAGR during the period between 2017 and 2025 to attain a value of $14.987 bn by 2025 from $8.123 bn in 2016. Volume-wise, it predicts the market to grow to 7,684 units from 6,054 units in 2016 by clocking a healthy 7.2% CAGR. Reporting on the TMR report, titled, “Yachts Charter Market”, Scott Walker, co-founder of Asia Pacific Superyachts and director of Asia Pacific Superyachts Singapore…
Marsol International Appoints Middle East Distributor for VersaDock
Marsol International has been appointed to expand beyond its current territories as the central Middle East distributor by VersaDock, the UK manufacturer of modular docking systems for commercial, defence and leisure applications. Marsol, which has been the distributor for VersaDock for the last six years, is now expanding its collaboration with VersaDock into the Indian Ocean, including the Maldives and Seychelles. The company will continue to cover the UAE and Gulf States. Based in Dubai, Marsol specializes in commercial and technical marine service solutions for SPM and offshore terminals.
