Newsroom
Worldwide tensions increase
24th June 2025
Geo-political events of the past 72 hours have once again shone a spotlight on the Hormuz Straight. Over 1,000 vessels per day are reporting GPS (GNSS) jamming and spoofing near Bandar Abbas and across the Strait, likely tied to Iranian electronic warfare efforts after recent U.S. airstrikes and escalating tensions tied to Iran–Israel dynamics. A collision between VLCC Front Eagle and tanker Adalynn sparking a fire was attributed to such spoofing.Seafarers...
Read MoreBAYESIAN lifted
23rd June 2025
10 months after her tragic accident, claiming the lives of 7 people, including her owner Mike Lynch, SY Bayesian, has been successfully lifted from the seabed of the coast Sicily. TMC Maritime, which is conducting the recovery operation, said the vessel has been slowly raised from the seabed, 50 metres (165ft) down, over the past three days to allow the steel lifting straps, slings and harnesses to be secured under...
Read MoreFlying Fox - Sold!!
9th June 2025
A while after I posted about Flying Fox being put back on the charter market, she has now been sold in an off-market deal. The 134M Lürssen has had a turbulent few years; having been deemed "blocked property" by the US Dept of Treasury in 2022 (due to its deemed Russian connections via its management company) and eventually returning the charter market in January 2024. Boasting twin heli-pads, full diving facilities,...
Read More⚓ New Compliance Alert: Cayman Registry Updates Tender Regulations
30th May 2025
The Cayman Islands Shipping Registry has released GUIDANCE NOTE 01/2025 Rev1.3, focusing on the operation of tenders and auxiliary tenders for large commercial yachts. Here's what you need to know: 🔑 Key Compliance Highlights: Scope: Applies to yacht-carried tenders and auxiliary (support) tenders under 24 meters in load line length. Operational Limits: Tenders must operate within 3 miles of land in sheltered waters and favorable weather conditions and at a...
Read MoreFeadship 824 breaks cover
12th May 2025
Feadship are once again pushing the envelope of Superyacht construction as evidenced with the recent launch of "Feadship 824". This 100 metrebehemoth has been under wraps for a while but finally broke cover over the weekend. With a near vertical bow and sleek lines front to aft, its certainly striking! Any idea who its for??hashtag#feadship hashtag#bayards hashtag#superyacht
Read MoreFire in Olbia Shipyard
25th April 2025
On Tuesday, April 22nd, a devastating fire erupted at the Nautica Acqua shipyard in Olbia's industrial zone of Cala Saccaia. The blaze destroyed approximately 40 boats stored inside the facility, with damages estimated in the tens of millions of euros. Eyewitnesses reported a vast plume of black smoke visible for miles, prompting a swift response from emergency services. Fortunately, all ten workers present at the time evacuated safely without injuries....
Read MoreCyclone Alfred
4th March 2025
Whilst we are few months out from the Atlantic Hurricane season, Cyclone Alfred is about to wreak havoc on the South East Cost of Australia. The storm is currently gathering momentum as it tracks west to NSW and Queensland with anticipated windspeeds of over 125km/h. Batten down the hatches!
Read MoreColRegs - does size matter!
14th February 2025
Imagine dissecting ColRegs in light of this one - the 1000,000 tonne aircraft carrier Harry S Truman was involved in a collision with the 53,000-tonne merchant ship Besiktas-M, a Panamanian-flagged cargo vessel. The incident near the Egyptian Port-Said is under full investigation, but thankfully there are no initial reports of injuries. The epitome of irresistible force, immovable object!!
Read MoreAmadea - update
11th February 2025
The saga of the superyacht Amadea continues, highlighting the intricate legal battles surrounding high-value assets linked to sanctioned individuals. Recently, the U.S. Attorney's Office for the Southern District of New York filed a civil forfeiture complaint against the 106-meter vessel, alleging that its beneficial owner was Russian oligarch Suleiman Kerimov, thus putting the yacht in a forfeitable position. Controversy seems to follow the yacht and Mr Kerimov, including a significant...
Read MoreAI - friend or foe?
20th January 2025
When does AutoPilot become more Auto than Pilot?AI is anywhere and everywhere at the same time – only a matter of time therefore before it pervades the marine industry. As this article in The Maritime Executive https://lnkd.in/e9xEKx-t indicates, the future is now.As with all things centered around machine learning there needs to be a note of caution. Are Captain-less ships an inevitable outcome of this or is that a dystopian step too...
Read MoreVendée Globe Winner
14th January 2025
/ Congratulations to Charlie Dalin on MACIF Santé Prévoyance who has won the Vendée Globe 2024-25, finishing at 07:24:49 UTC on Tuesday 14th January. With a time of 64 days, 19 hours, 22 minutes, 49 seconds he beat the previous best by 9 days, 8 hours, 12 minutes and 57 seconds.That's some serious consistent speed!! Bravo Charlie!
Read MoreAlfa Nero - crew wages success (in part)
13th January 2025
Another update in the weird and wonderful world of yachts held under the worldwide “Russia links” sanctions. With the PHI case in the UK gathering some momentum to resolution, the protracted disputed sale issues surrounding Alfa Nero in Antigua has finally yielded some good news for the crew at least. A court decision in December 2024 has finally allowed the release of £890,000 to Nautilus International, the crew’s Union, which...
Read More5* Review
10th January 2025
We were half way through our Xmas party when Dave Kneen and John Stevens got the shout on this one! Cutlery down and back to the office 😄. Some nice words through from the broker! hashtag#itswhatwedo hashtag#exceedingexpectations hashtag#happycustomers hashtag#PersonalisedProtectedPayroll
Read MorePHI - New Year resolution?
6th January 2025
In November ‘24 I posted about the impasse surrounding the 59M Royal Huisman yacht PHI. She is currently impounded in Tower Bridge as legal arguments rage over the true ultimate economic beneficial owner of the corporate holding structure - with potential Sanctions breaking implications.The UK Supreme Court is due to hold the appeal hearing, starting on 16 January 2025.Its hope that clarity will finally be given to the position, given the...
Read MoreApproved Representative Person
23rd December 2024
We are happy to announce that we are now on the IOM Ship Registry list of approved Representative Persons for vessels over 24M. So if you need assistance in this regard please get in touch. crew@cornerstoneyacht.com
Read More
