This is Super Yacht NEWS with eSysman
hi guys welcome back to the channel
got a little bit of movement on one of the yachts that we talked about recently so
in the last video i made we talked about motoryacht "Royal Romance" and i talked about it
being arrested in Rieka in Croatia and a few people contacted me actually today to
talk about this- the boat's actually on the move right now and it left Rieka today and
it's heading south and a few people ask me is it on the run, is it on the run?- i don't think
it is on the run- it's it the track that it's made so far- i'll put it on the screen-
it's hugging the coast of Crea of Croatia very tightly and it looks like it's heading
to "Split" and maybe there's a shipyard there or something like that it's quite possible
that they're moving for the safety of the vessel because they were threatened in in Rieka
- i don't know the circumstances of the move to be honest but it is at sea right now-
it is looks like it's heading to a port within Croatia so nothing to see there
really -by the looks of it but what i wanted to talk about in this video is the effect
that this has had on the industry -not so much the industry but the effect that
it's had on the owners of these 2 yachts and that knock-on effect that's had on the industry-
a lot of people have asked me how many boats have been seized now so we'll go through
the boats quickly so and there's a timeline here as well so you can keep track so one thing
i want to do before we go into the list is say- a lot a lot of comments about me saying the vessel's
been arrested and you can't arrest the vessel you can only arrest a person and stuff like that and
i've been i've explained this on a few occasions- Arresting a vessel is a valid term to use for a
vessel that's been prevented from leaving a port - this is the reason why i use the phrase
arrested rather than seized is because they both have meanings which are different to each other
in the industry an arrested vessel is a vessel that has been prevented from leaving a port -it's
the crew and the owner are still in charge of that vessel they're just being restricted from
leaving usually it's because of non-payment of bills to accompany in that place that you're
currently in that's normally when it's used- a seized vessel is different the seas vessel
you are effectively losing control of that vessel it's been seized by the government
and they they are potentially taking control of that vessel taking ownership of the vessel
so there's very different meanings of those two words and that's why i'm always specifically
saying the vessel wasn't seized it was arrested - so with that in mind let's let's move on
so on the 3rd of March we had motor yacht "Dilbar" the biggest vessel by volume in the world
156 meter or 511 foot super yacht was in "Lürssen" in "Hamburg" -it was actually in the "Bloom+ Voss" shipyard
but it's owned by "Lürssen" now so i just say listen - it was undergoing maintenance work a refit it
was completely covered it looks like it was being painted - the arrest came in for that vessel
everything stopped all of the shipyard workers for that vessel down tools there was no work going on
on that vessel at all now you probably remember in that in a video i did the further video i did that
all of the crew were let go/ laid off because the vessel what had been arrested now
the arrest of a vessel does not necessarily mean you have to fire all the -
crew but the reason why that happened as far as i can tell is that the the assets of the owner
were frozen all bank accounts that he uses to pay the crew's payroll were frozen and hence he had to
let go all the crew until that can be resolved and that's the reason why that crew will let go
so that vessel is has an estimated value of 650 million dollars
also on the same day on the 3rd of march "motor yacht Amore Vero" which is an 85 meter or 281 feet
built by "Oceanco" that was arrested in "La Ciotat" in "France
that vessel has been linked to well that vessel was owned by "Igor Sechin" and as the government
of France are suggesting that he still owns it - there is a possibility it was transferred into his
ex-wife's name because there was a name change as well of that vessel-
anyway that's still arrested that has a value of 120 million us dollars
on the 4th of march motor yacht "Lady M" was arrested that's a 65 meter or 213 foot vessel
built by Palmer Johnson was arrested in Imperia in Italy and that is linked to Alexei Mordechov
now he's the guy who owns nord the big 140 meter thing that looks like an aircraft carrier
that's heading to Vladivostok right now we're going to talk about that later by the way
so that the value of that vessel is is approximately 55 million dollars don't
worry i'm gonna tally this at the end so don't you don't have to keep track 5th of march
motor yacht "Lena" that was a 38 meter or 126 foot San Lorenzo and that was seized in San Remo in Italy
and that's linked to Kennedy Timchenko that has a value of 30 million dollars- 9th of march sailing
yate one of the biggest hype most high profile yachts in the world a 142 meter or 468 foot uh
built by "Nobuskrug" that was arrested in Trieste in Italy that was also in in dry dock in refit
that is owned by Andre Molochenko and that has an estimated value of 590 million dollars- the 14th
of march a "motor yacht Valerie" 85 meter or 279 foot built by "Lürssen" that was seized in Barcelona that
was actually in Barcelona next to "Solaris" before it left so "Solaris" was docked right next to it
that's linked to Sergey Cheminov and that has an estimated value of 100 million dollars -
15th of march at motor yacht "Lady Anastasia"- this is the vessel that the Ukrainian chief engineer
tried to sink when he saw what was happening to his country on tv it's a 47 meter or 156 feet
built by "Sensation yachts" i was arrested in port Adriano in Spain and um it's an estimated value of
20 million dollars -also on the 15th of march "motor yacht Tango" 78 meter or 254 foot "Feadship"
was arrested in Majorca in Spain still there 120 million dollars - value and now we're
one of the big boys now 16th of March "motor yacht Crescent" linked to you know who 135
meters or 445 feet built in look built by "Lürssen in Germany arrested in Tarragon in
Spain and there's a slight difference here that this vessel has been arrested because
the management of the vessel could not identify or could not show clearly the
who owns this vessel so it's been arrested until they can show exactly who owns it-
that has a value of 650 million dollars the numbers are crazy aren't they um also on the 16th
of march "motor yacht Royal Romance" 92 meter of 202 foot built by "Feadship" 2015 arrested in "Rieka" in Croatia
as an estimated value of 200 million dollars and then the last video we made we i predicted this
was going to happen in the previous video to that when i saw that axioma was heading to gibraltar
and then i thought it was a bit odd that they seemed to be heading to Gibraltar as the owner
was on the sanctions list -21st of march the 72 meter "Axioma" headed into
Gibraltar and was immediately bordered by authorities and then arrested
and that is linked to Dimitri Pompianski and that has an estimated value of 75 million dollars
so unless you're all one of those people that can just add up numbers in your head
you probably don't know what that comes to the the grand total of -the grand total of this is
2,760 billion $ USD worth
of superyachts or the GDP of Aruba -If you put all of those yachts in a straight line they would
come to 998 meters or 300 or 3276 feet or the size of 9 American football fields apparently
so yeah that's quite something doesn't it ?- the numbers are so off the
charts that it actually takes your breath away to think about it -the impact on this industry
it's obviously -it's still just unfolding -really interestingly
i saw something that was posted by "Boat International" on their instagram feed
so it said something like "massive growth in the industry" means a lot of new jobs for crew
now that has completely been turned on its head
as a result of all of the boats that we've just listed that have been arrested or seized
and there are other boats that have been affected by what's happening right now even
though the owners are not on any sanctions list they're just by the fact that they're Russian
so what's happening is you know when you go into a port if you're in refit
there's lots of companies that deal with you if you buy new curtains or couches or fuel or parts
equipment everything and it's all supplied by different suppliers and a lot of these
companies are refusing to do business with any russian-owned boats so a lot of and also
a lot of banks have had their uh money frozen assets frozen - the swift system has been
disconnected from Russia from large parts of Russia so a lot of the boats that are owned by
Russian people who are not on any list that they've been effectively
stop they can't operate these boats right they can't pay their crew and stuff like that
so as a result of that there's approximately 1,250 crew members have been laid off and
because there's about 70 yachts that are affected that are owned by Russian linked
individuals who can't run their boats anymore at least for the time being so yeah that's
one of the side effects of this now - and it's really impacting the industry and
i'm not that's just talking about crew there's obviously all of these companies that can't do
business are affected shipyards etcetera "Lürssen" got a massive super yacht in one of its dry docks
which you can't move things like that so there's a lot an awful lot of turmoil in this industry which
is which is not great obviously -all right guys i'm going to leave it there and let me know what you
think about the information i've given you in this video like all of the yachts that have been uh
arrested if you've got any information if you think i left any boats off please be sure to put
it in the comments -all right guys thanks very much for watching and i'll see you soon- bye