Author: Cornerstone
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Posts by Cornerstone
🚢 $5 Billion Anchor Drop in Philly 🚢
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 […]
The Remington effect….
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 […]
How much??!!!
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?
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, […]
Conerstone joins forces with Animo Associates
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 […]
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PARIS MOU 2024 report
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 […]
Worldwide tensions increase
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 […]
BAYESIAN lifted
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 […]
Flying Fox – Sold!!
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) […]
