Author: Cornerstone

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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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 […]

Read More… from PARIS MOU 2024 report

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 […]

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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 […]

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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) […]

Read More… from Flying Fox – Sold!!

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: 📄 Access the full guidance note available on : https://www.cishipping.com/ Stay compliant and ensure your operations align with the latest maritime […]

Read More… from ⚓ New Compliance Alert: Cayman Registry Updates Tender Regulations

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 […]

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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 […]

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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! […]

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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 […]

Read More… from ColRegs – does size matter!