Superyachts News

Fire ripped through a superyacht in southwest England on Saturday, sending thick plumes of black smoke into the sky and briefly releasing the burning vessel to drift across its marina.Police and fire officials said the 85 foot (26 meter) yacht in Torquay, Devon, was "well alight" and the fire brigade said the vessel contained about 8,000 liters of diesel fuel, prompting local areas and nearby beaches to be cleared."Due to levels of smoke and fumes we are asking residents in the area to keep their doors and windows shut at this time," Devon & Cornwall police said.

The Italian government ordered police on Friday to impound a luxury yacht worth some $700 million that has been linked in the media to Russian President Vladimir Putin.The sleek, six-deck Scheherazade had been undergoing repairs in the Italian port of Marina di Carrara since September, but recent activity at the dockside suggested that the crew might be preparing to put to sea.A source with direct knowledge of a weeks-long investigation into the vessel said police believed the owner was Eduard Khudainatov, the former chief of Russian energy giant Rosneft who is not currently a target of EU sanctions.In a statement announcing the seizure order…

Authorities in Fiji have seized a $300 million yacht of Russian oligarch Suleiman Kerimov at the request of the United States, the U.S. Justice Department said on Thursday, as Washington and its allies press Russia over its invasion of Ukraine.A Fiji court had ruled on Tuesday that the United States can seize a Russian-owned superyacht, weeks after it arrived and was impounded by police. Authorities in various countries have seized luxury vessels and villas owned by Russian billionaires in response to sanctions imposed on Russia over its invasion of Ukraine, which Russia calls a special military operation.Kerimov was sanctioned by the United States in 2014 and 2018 in response to Russia's actions in Syria and Ukraine. He has also been sanctioned by the European Union.The U.S.

Fiji court ruled on Tuesday that the United States can seize a Russian-owned superyacht, 21 days after it arrived and was impounded by police, as the United States and its allies press Russia over its invasion of Ukraine.U.S. authorities assert that the luxury vessel, the Amadea, is ultimately owned by Russian oligarch Suleiman Kerimov, who has been sanctioned by the United States and the European Union.The U.S. Justice Department's Taskforce KleptoCapture has focused on seizing yachts and other luxury assets to put the finances of Russian oligarchs under strain in a bid to pressure Russian President Vladimir Putin over the war in Ukraine.

ABB has won a contract to deliver power and propulsion systems for the superyacht to be constructed by the German yacht builder Abeking & Rasmussen shipyard (A&R). Scheduled for delivery in 2025, the 100-meter-plus vessel will be one of the largest ever constructed at A&R’s yard in Lemwerder, Northern Germany. The extensive scope of ABB systems onboard will include Azipod propulsion, Onboard DC Grid, a 500kWh Energy Storage System (ESS) and Power and Energy Management System (PEMS), whose combined and fully integrated capabilities will reduce emissions, noise, and vibration.

Revenues and core earnings at the Italian Sea Group at least doubled in the first half of the year thanks to new contracts, allowing the luxury yacht maker to narrow its full-year guidance to the higher end of a previously given range.Shares rose more than 4% after the results were released and were up 2.4% by 1200 GMT, outperforming a 0.6% drop in Milan's all-share index.The group had initially guided for 2021 net sales of between 160-170 million euros ($189-201 million) and adjusted earnings before interests, tax, depreciation and amortization (EBITDA) in the range of between 25-26 million e

German shipyard NOBISKRUG, renowned for its custom superyachts such as Sailing Yacht A and Artefact, is expanding the capacity and capabilities of its new build and refit business, an expansion that will include the historic Lindenau facility located in the city of Kiel.Nobiskrug continues to see high demand for new build projects and large refits despite the global economic impact of Covid-19 in 2020. The parent company Privinvest approved an investment package to upgrade the…