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, […]
Read More… from 2024 Atlantic hurricane season draws to a close…
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 […]
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 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 […]
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 […]
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 […]
Read More… from Sanction asset seizure – virtue signalling or something more significant
