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 […]
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 […]
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 […]
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, […]
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