Superyachts – आवारा मुसाफिर

Maldives shelters sanctioned Russian billionaires’ yachts

April 7, 2022941 Views

A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the European Union's sanctions list on March 9, his superyacht Motor Yacht A stopped broadcasting its location while in Maldives' waters, maritime data shows. In Italy, four days later, authorities seized another of Melnichenko's vessels – the world's largest sailing yacht, estimated by Italian financial police to be worth $578 million. Switching off devices that allow authorities to track a ship's whereabouts can help keep yachts out of their sight. FILE PHOTO: Super yacht 'Motor Yacht A', owned by Russian tycoon Andrey Melnichenko, is seen in front of the Monaco harbour. REUTERS/Stefano Rellandini But in Maldives, the chances of action against the property of sanctioned oligarchs are in any case sli...

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Russia billionaires move superyachts to Maldives as sanctions tighten

AWARA MUSAFIR BUREAU

March 2, 20221234 Views

At least five superyachts owned by Russian billionaires were anchored or cruising on Wednesday in Maldives, an Indian Ocean island nation that does not have an extradition treaty with the United States, ship tracking data showed. The vessels' arrival in the archipelago off the coast of Sri Lanka follows the imposition of severe Western sanctions on Russia in reprisal for its Feb. 24 invasion of Ukraine. FILE PHOTO: Superyachts anchored in Maldives The Clio superyacht, owned by Oleg Deripaska, the founder of aluminium giant Rusal, who was sanctioned by the United States in 2018, anchored off the capial Male on Wednesday, according to shipping database MarineTraffic. The Titan, owned by Alexander Abramov, a co-founder of steel producer Evraz, arrived on Feb. 28. Three further...

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Superyachts enjoy pandemic tailwind as rich seek zen at sea

AWARA MUSAFIR BUREAU

November 8, 2021412 Views

# Lucrative global luxury boat industry rebounds fast# Chinese billionaire Ma highlights trend with Spanish cruise# Superyacht sales increase as wealthy seek peace on water# 'Pandemic taught us how fragile life is': yacht-builder CEO When Chinese billionaire Jack Ma took a trip to Spain's Mallorca island last month, much was made of it being his first foreign foray since a 2020 fallout with regulators had clipped his wings. However, Ma's sunny sojourn on his newly-built 88-metre (289 ft) cruise boat Zen - estimated to be worth $200 million - also put a spotlight on a global trend: the return of the superyacht. FILE PHOTO: Alibaba Group founder's, Jack Ma, superyacht Zen is anchored by Mallorca Island coast, Spain October 21, 2021. REUTERS/Nacho Doce As the number of billionair...