9th December 2024

With the Caribbean season gathering pace, a reminder we offer crew payroll services to US crew members and US flagged vessels. If you are affected we can help! Get in touch with us so we can talk you through the process and provide that "one stop shop" you are looking for. #morethanpayroll #uscrew #caribbeanseason Contact us: crew@cornerstoneyacht.com Or call us: +44 7624 461050

Alfa Nero - clarity on the horizon?

5th December 2024

The confusion surrounding the ownership of the 82M Oceanco yacht ALFA NERO remains….. but is there clarity on the horizon?? It’s reported that the Court decision regarding the constitutionality of the Antigua and Barbuda government's seizure and sale is expected in February 2025. She was seized in 2022 in the round of International Sanctions against Russian Owners/Putin sympathisers with Russian Oligarch  Andrey Guryev deemed the “beneficial owner”. Deemed “abandoned” by...

2024 Atlantic hurricane season draws to a close...

2nd December 2024

The 2024 Atlantic hurricane season, which officially ended on November 30, saw above-average activity with significant impacts.Here are some key highlights:Tropical Systems: A total of 18 named storms formed, with 11 becoming hurricanes. Five of these reached major hurricane status (Category 3 or higher), surpassing the historical average of 14 named storms, 7 hurricanes, and 3 major hurricanes​Record-Breaking Storms:Hurricane Beryl became the earliest Category 5 hurricane on record in the...

MLC Revisions - immediate action needed

29th November 2024

A reminder that amendments to the Maritime Labour Convention will be entering into force on the 23rd December 2024. The most notable of these is Standard A3.1 to provide for ‘social connectivity’ and in Guideline B3.1.11 to provide ‘internet access’ ‘as far as is reasonably practicable’. This will require submission of a revised DMLC to Flag. The full text of the Notice is here https://lnkd.in/eY7yBfcU If you need any assistance...

Solo 24hr distance record smashed

29th November 2024

Amazing effort from Sébastien Simon earlier this week as he set the new world record* for distance covered in 24hrs solo and in a monohull. Propelled by a fast moving depression and as the Vendee Globe fleet head towards the Cape of Good Hope, he managed a staggering 615.33 miles (or 1,139.6 kilometers) pushing up the 24 hour average to 25.64 knots.(*Subject to official approval by the WSSRC)

Shadow Fleet - UK Sanctions

25th November 2024

The UK Government has just imposed its biggest sanctions package against Russia's "shadow fleet"; 30 tankers which are alleged to be breaking various Western sanctions on Russia's oil distribution. Associated insurance companies have also been sanctioned. Meaningful action or hyperbole? Time will tell.https://lnkd.in/eajGzHie

Project 821 - the future of propulsion?

18th November 2024

Another yacht completing its sea trials is normally a pretty routine event. This one however is a little different!Feadship’s Project 821, coming in at 118.8M long is the world’s first fuel-cell-powered Superyacht.The ground-breaking project stores liquid hydrogen on board (in temperatures below -253°C) and uses a fuel cell source to generate electricity for both hotel load and coastal navigations.The project required significant development in regulations for hydrogen storage and fuel-cell...

Sanction asset seizure - virtue signalling or something more significant

11th November 2024

The case of the detention of the 59M Royal Huisman yacht PHI continues to highlight the issues of a “one size fits all” approach to asset sequestration under sanctions laws. Seized in the UK in 2022, following Russia’s invasion of Ukraine, the Malta flagged yacht has remained immobilised in Canary Wharf. An appeal against this order was lodged in March 2024 on the basis that the owner was never personally named...

Air Freight Provisioning - a practical insight

21st October 2024

Yacht provisioning goes far beyond simply delivering goods to a dock. When you're cruising destinations outside of Europe, like the Maldives, the Caribbean, the Red Sea, the UAE, or the Seychelles, getting quality provisions delivered by air freight from Europe can be a game-changer. However, the process is more complex than placing a local order. Whether it's fresh produce, dry stores, flowers, or specialty items, there are key factors to...

ETNZ take the Cup!

21st October 2024

Congratulations to Emirates Team New Zealand for winning the 2024 Americas Cup. A dominant display on the water saw them win the Cup for the third time in a row (First time this has been done) by beating Team Ineos Britannia 7-2. October 19, 2024. Louis Vuitton 37th America's Cup, Prizegiving. EMIRATES TEAM NEW ZEALAND, winners of the America’s Cup. October 19, 2024. Louis Vuitton 37th America's Cup, Prizegiving. EMIRATES...

Shaken not stirred!

16th October 2024

The 86M Benetti , Kingdom 5KR, was attempting to dock last week in Tunisia, when it attempted to take a bite out of the quay!With previous owners  Donald Trump and Saudi businessman Adnan Khashoggi and a role in the Bond film Never Say Never Again (how apt), this is another chapter in the yachts colorful history.Thankfully no reported injuries and a full investigation is underway.

Go Jags!!

11th October 2024

I guess when your team is in town, there's only one place to stay!!Fresh from turning heads on the Monaco Yacht Show, the ever-impressive 122M Lurssen KISMET is currently moored in the Thames next to Tower Bridge.She is owned by Shadid Khan, Pakistani-American billionaire and business tycoon, who is also the owner of the Fulham FC and NFL’s Jacksonville Jaguars.The Jags have upcoming games at Wembley Stadium against the Bears...

Permission to fly!!!!

7th October 2024

The 136-metre Flying Fox has now been removed from the US sanctions list, according to a list published by the Office of Foreign Assets Control, a branch of the U.S Department of the Treasury. According to the office, the yacht had been flagged on the basis of its link to Imperial Yachts SARL, a Monaco-based yacht brokerage firm.Now under the management of BlueWater Yachting in Dubai, the final restrictions have been lifted...

Ship of Theseus?

1st October 2024

The South of France attracting the best that the yachting world has to offer at the moment. Seen of the coast of Antibes this week. The 141m/462'7" motor yacht 'Yas' (ex. Hr. Ms. Piet Heyn (F 811)) was built by ADM Shipyards in the United Arab Emirates at their Abu Dhabi shipyard. Her interior is styled by French designer design house Pierrejean Vision Design Studio and delivered in April 1981. She was last...

Alibaba - Sea Trials

20th September 2024

With is decidedly military lines, the 142-metre Lürssen superyacht Alibaba cuts an impressive swathe as she underwent her sea trials off Brunsbüttel, Germany. Rumors that the transom responds to "open sesame" are unconfirmed at this stage! Definitely not available with free 7-day delivery 😁#lotterywin #cornerstonecrewmanagement #crewemploymentsolutions