New YET scheme from IOM Flag

12th September 2025

/ Yesterday evening I attended the launch of the Isle of Man Ship Registry’s new YET (Yacht Engaged in Trade) scheme.Creating the perfect berth for private pleasure yachts, over 24m, that want the option to occasionally charter, YET once again shows the IOMSR leading with innovation in the yachting space.We also got an intriguing teaser on a new insurance benefit for Isle of Man-flagged yachts - watch this space 👀.Thanks...

Mother Nature is sneaky

5th September 2025

Typically….all eyes are on the Atlantic this time of year.Forecast cones, spaghetti models, constant updates — it’s peak hurricane season, and attention is locked on the familiar tracks across the Atlantic, Caribbean, and Gulf.But……….this week, Hurricane Kiko popped up in the Pacific — a powerful Category 4 — reminding us that Mother Nature always has a surprise up her sleeve.The same applies to crew management. Risks don’t always come from...

From Seized to Seas?

1st September 2025

/ ⚓ Same Yachts, Different Fates: Why the Country Matters I’ve posted a bit over the last 12 months about the fate of superyachts and their roles as pawns in Geo-Political chess.  However 12 months is a long time in politics and what was previously gridlocked, has become free flowing……. well for some it has! So why has the outcomes for the likes of Alfa Nero, Flying Fox and Amadea...

Happy Labour Day!

1st September 2025

See you there.....

30th August 2025

🚢 $5 Billion Anchor Drop in Philly 🚢

29th August 2025

South Korea’s Hanwha just went all-in on U.S. shipbuilding, pledging $5B to transform Philly Shipyard. Two new docks, three quays, and the muscle to boost output from a trickle of 1–2 ships a year to a fleet of 20.They’ve already stacked the order book: 10 Medium Range (MR) tankers — the workhorses of refined fuel logistics — plus LNG carriers, marking the first U.S. export-market LNG orders in nearly 50...

The Remington effect....

12th August 2025

I guess when you buy the company, you get priority attention!Oceanco’s Project Y722 — now aptly named Leviathan — hit the water this weekend.At 111 m, she’s a tech-packed, research-ready superyacht for Gabe Newell, long-time co-founder and owner of Valve… and short-time owner of Oceanco itself.Another superb "beast" from the yard.#ocenaco #steam #y722 #leviathan

How much??!!!

12th August 2025

And I though the Oasis tickets were expensive! So is this price gouging or effective, essential filtering??? I mean I'll still be at both events nonetheless 🙂 #somemightsay #mys2025

Oceanco reverts to Steam power?

4th August 2025

Well… not quite.But with gaming tycoon Gabe Newell—co-founder of Valve and the mastermind behind Steam (the iTunes of gaming)—now acquiring iconic Dutch yacht builder Oceanco, the waters just got a whole lot more interesting.Newell’s no stranger to the marine world. He’s already deep in it (literally), with the 127m Y722 currently in build, and his ambitious deep-sea research initiative INKFISH operating some of the most advanced ocean-exploration gear on the...

Conerstone joins forces with Animo Associates

22nd July 2025

Cornerstone Crew Management is proud to announce a strategic partnership with Animo Associates, an innovative provider of corporate entity and asset management services for HNWIs. This collaboration brings together two firms with complementary expertise — combining Animo’s strength in corporate structuring, tax advisory, and regulatory compliance with Cornerstone’s deep experience in crew management, payroll, and welfare services. Together, we're enhancing the level of support available to yacht owners, captains, and...

PARIS MOU 2024 report

1st July 2025

The Paris MoU 2024 report is out and as usual it makes interesting reading!MLC Title IV deficiencies (seafarer employment agreements, medical care, welfare) make up around 10–10.4% of total detainable deficiencies.MLC deficiencies, coupled with SOLAS deficiencies highlight to very real risk to our seafarers.These costly detentions reasons can be avoided by engaging with MLC compliant and cognisant employment companies such as Cornerstone."Compliance as a Service" is what we do!The full report...

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...

BAYESIAN 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...

Flying 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,...

⚓ 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...