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 […]
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! […]
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 […]
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 […]
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 […]
/ 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 […]
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 […]
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 […]
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 […]
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 […]
