Largest SuperYacht - Crew Dismissed - Plus More Seized Yachts - Ep48 SY News

This is Superyacht News with East Sisman. Two superyachts arrested and detained in Italy. Hi guys welcome back to the channel, welcome back to a very busy news day. I just want to say quickly before we get into it, welcome to all the new subscribers. We've got a lot of new viewers and I'm very thankful for you for subscribing and yeah we've got a lot of news to go through so I just wanted to say thanks anyway. So let's get going. The first thing is, this is according to Reuters, Italy has arrested or confiscated two yachts owned by Russians because of EU sanctions. But the first boat is a boat called Lady M as you can see here. It's a 65 meter or 213 foot Palmer Johnson built in 2019. This vessel is owned by Alexei Mordashov. Now a few people sent me links up. Also I want to thank everybody who sent me links. I've been inundated with information which has been fantastic. Thanks for everyone who's sending me through the data. I appreciate all of it. I'm sorry I can't read out everybody's names but I really appreciate that. Alexei Mordashov owns two boats which we'll get into in a minute. But this vessel is worth about 27 million dollars and it's been confiscated according to this report. Mordashov ranks first in Forbes amongst Russian billionaires with a net worth of 29 billion dollars. In a statement Mordashov said I have absolutely nothing to do with the current geopolitical tensions. I don't understand why sanctions have been imposed against us. He said in a statement on Tuesday reported by Forbes. What is interesting about that statement is he did not mention the Ukraine invasion or Russia's involvement in that directly. He just said geopolitical tensions. The boat, as I said, is a 65 meter or 213 foot boat. Now if you're thinking that's a small boat for a man who's worth 29 billion dollars maybe you're right. Because he just took delivery in 2021 of another superyacht called Motoyot Nord. This boat is 141 meters long or 464 feet and it has a gross tonnage of 10,000 gross tons. She's out of reach right now of UK sanctions that is because she's in the Seychelles. Which is, if you don't know where that is, that's an island off the east coast of Africa. The second boat that was arrested was reported to also be in Imperia but is actually birthed in San Remo in Italy according to AIS. This is Motoyot Lena and it's a 38 meter or 126 foot boat. Built by San Lorenzo in 2010 and the yacht belongs to Gennady Timchenko who's another Russian with close ties to President Putin. And this vessel has been arrested which means it's been detained and it's going to be confiscated soon according to the report. So one yacht that is not yet arrested is a yacht called Motoyot Aurora. She is currently in dry dock in Barcelona and according to a source close to the vessel is hastily preparing to leave. Aurora was delivered in 2017 and is valued at an estimated 120 million dollars. Aurora is owned by Andrei Molchanov. He owns a controlling stake in the LSR group which is the biggest producer of construction materials in Russia. It should be noted he is not currently on the EU sanctions list. However the hasty preparation may be a sign that he's worried right? So you can see here on the screen here for the last known position on AIS. She's been in dry dock in Barcelona for some time and AIS is often switched off during refits. Okay so the main story is about Dilbar. So we've been talking about Dilbar in the last few days. If you don't know what Dilbar is if you're new Dilbar is the largest superyacht in the world by volume and is a behemoth. It dwarfs every other vessel around it. It's quite a thing to see in real life actually. Firstly some of this is some excellent detective work from one of my subscribers. He sent me information that you're seeing on the screen right now that shows you that Usmanov's two helicopters and his private Airbus A340 plane which is massive were all and all registered with the Isle of Man. They've all been in the last day they've all been deregistered. And what does that mean? That basically means that it can no longer legally fly those aircrafts. And they were deregistered like I said on the 3rd of March which was yesterday as I filmed this. His Airbus A340 is one of the largest privately owned aircraft in the world. So you might remember that I made a video saying that the boat was seized and then I said that the boat wasn't seized but it had been arrested. It's a bit of a grey area and somebody put in a very good statement in the comment section that was explaining how the word seized in German has different ramifications. But effectively the vessel is arrested and is unable to leave and unable to operate as we're going to go into right now. So according to a source close to the vessel because of the sanctions placed against Mr Usmanov many of the companies that supply and support the vessel have stopped doing business with the boat. Because of this all the crew that work for the boat will have their employment contracts terminated. From what I understand the company that manages the boat cannot even pay their final salaries and any unpaid leave they might have earned. What does this mean for the vessel's immediate future? Well you can't leave a vessel especially one of this size you can't leave it unmanned. So the most likely scenario will be that they will employ a small caretaker crew to look after the vessel. Technically it's at Blomenvoss but Blomenvoss is owned by Lurssen now and Lurssen built this boat. So it's quite possible that Lurssen could look after it themselves but it's unlikely that that will happen. Most likely scenario is that some of the crew that have just been terminated will be rehired most certainly at a different rate of pay to look after the vessel until this is all resolved. You may not feel very sorry for the crew of this boat because of who you know the boat belongs to but you know these people are professional seamen just like myself just there to do a job. Just in the same way that if you think about Roman Abramovich owns Chelsea Football Club right and all of those players that play for Chelsea who are worshipped by their fans they all work for Abramovich as well and all the people who go to watch the games they all pay money to Abramovich to watch that game right. All the people that work at the club and all their businesses they're just regular people like me who are trying to make a living. So you know it's very disappointing to hear that. I mean and that boat has a crew of 80 to 90 people plus the people who are on rotation so I would say more likely 140, 150 people have just all been told that they don't have a job anymore. So for me as a maritime professional that is quite a sad state of affairs. I recognize why it's happening and I recognize that this is going to happen to a lot of people. A lot of people in my industry are going to be affected by this. So yeah I just wanted to point that out. There's a lot of very anti-Russian sentiment in the comments right now and I understand why that is. But just remember that not every Russian supports what's going on in Ukraine right now. by people who are told that if they demonstrate they will be arrested and put in prison. And now Putin said that he will send those people to the front line to fight as well. So yeah not everybody's for this war. Anyway guys I'm going to wrap it up here. Big news day. Let me know what you think in the comments. If you haven't already subscribed please remember to do so right now and click on the little bell so you get future updates. All right guys thanks very much for watching and I'll catch up with you soon. Bye-bye.