No, its not another Caribbean aftermath picture….this was Balearics yesterday as the damage caused by freak storms passing through the area was assessed. Water spouts, high winds and torrential rain caused widespread disruption around the Spanish coastline and Balearics, just as their tourist season was getting in to full swing. Some tough times out there […]
Another day, another superyacht related fire…. Seems like we are in the middle of an insurers nightmare at the moment as the 47M superyacht ATINA, caught fire in Olbia, Sardinia over the weekend. The resultant damage caused her to sink; thankfully without any human casualties. Another sobering reminder for yacht owners and crew to stay […]
…..when it becomes a political hot potato! Royal Romance, the 92.5metre Feadship was the height of marine opulence, but is now the seemingly cursed poster child of the geo-politics surrounding mega yachts at present. Croatian and Ukrainian authorities say that Royal Romance was owned by Viktor Medvedchuk, a former Soviet lawyer, Ukrainian politician, oligarch and supporter of […]
Important Notice from the Marshall Islands on a GPS roll over event due on the 8 September 2024. A roll over event is an anomaly whish occurs every 19.6 years which causes some equipment to relay data that is 19.6 years in the past. Accurate GPS is fundamental for safety and navigation of marine traffic. […]
T-Minus 15 days until the action gets underway in hashtag#AC37 in Barcelona. Unashamed bias….. but INEOS Britannia looks the business!! hashtag#sailinglife hashtag#foil hashtag#speed […]
In news that is likely to unsettle an already jittery marine insurance market, a major fire in Marina Zea, Piraeus over the weekend looks to have claimed 33M O’Riana and 42M Libra Y. Both yachts reported to have now sunk as a result. This is the latest in a number of high profile, costly, yachting […]
Interesting marine business news as SanLorenzo is set to acquire the Nautor Swan Group. Sanlorenzo CEO Massimo Perotti says “……The merger of Sanlorenzo and Nautor Swan, each with its exclusive, limited offerings aimed at a discerning clientele and with no overlap in product portfolios, will establish a unique yachting hub unlike any other, featuring the best of both motor […]
A few words of caution from our friend Hugo Jacqout at Fort Insurance.… “With the summer days upon us, it will be tempting for crew to go and share a few drinks together, however with most yachts and superyachts having a zero-tolerance policy for alcohol and drug consumption, what may seem to […]
Its only a few weeks till we do this all over again!Dave, Leila and Chris will be attending Monaco Yacht Show 2024.Prior to that Leila and Chris will be in Cannes for its Show.If you have questions on anything crew employment and payroll related then please get in touchto arrange a meeting on crew@cornerstoneyacht.com […]
