Psst! Wanna new boat?

On a similar vein Dilbar the worlds largest by vol SY back in March was originally impounded in Germany .It was at a yard large enough for its 500+ feet .Ex WW2 Bismark et al Yard .
A murky ownership history revelled it ownership was transferred to his sisters trust in Switzerland.It slipped away ( legally) and went to Turkey .Needed its annual finishing .Ergodon ( Turkish premier ) having sat on the fence watching the “ little military operation “ unfold next door , slanted towards the western sanctions etc .

While in a Turkish yard a dry dock for this size they removed the props + shafts - capped over the holes and re floated it .
It now at anchor in a nearby by bay in Turkish waters .It ain’t going no where now !

Paper work wise took a while they have worked through the legals the murky” sisters trusts “ figured out who the beneficiaries are and established it qualifies for santions.

Dilbar used to have a berth in Antibes btw .

Mean while back in the normal world in Italy in Loana they have tapped off a 50 ftr mobo and sequestered it .The Italians have been quick out of the blocks changing laws to allow Russian assets to be grabbed , sorry “sanctioned “

Infact a whole private island Gallinara near by .It changed hands a few years back ( approx 3 ?) to a Russian for iirc €15 M .
Now the town of Alassio has regained ownership .Town plans to open it up for tourism in a eco way .
 
On a similar vein Dilbar the worlds largest by vol SY back in March was originally impounded in Germany .It was at a yard large enough for its 500+ feet .Ex WW2 Bismark et al Yard .
A murky ownership history revelled it ownership was transferred to his sisters trust in Switzerland.It slipped away ( legally) and went to Turkey .Needed its annual finishing .Ergodon ( Turkish premier ) having sat on the fence watching the “ little military operation “ unfold next door , slanted towards the western sanctions etc .

While in a Turkish yard a dry dock for this size they removed the props + shafts - capped over the holes and re floated it .
It now at anchor in a nearby by bay in Turkish waters .It ain’t going no where now !

Paper work wise took a while they have worked through the legals the murky” sisters trusts “ figured out who the beneficiaries are and established it qualifies for santions.

Dilbar used to have a berth in Antibes btw .

Mean while back in the normal world in Italy in Loana they have tapped off a 50 ftr mobo and sequestered it .The Italians have been quick out of the blocks changing laws to allow Russian assets to be grabbed , sorry “sanctioned “

Infact a whole private island Gallinara near by .It changed hands a few years back ( approx 3 ?) to a Russian for iirc €15 M .
Now the town of Alassio has regained ownership .Town plans to open it up for tourism in a eco way .

Where did you get this bollocks from? You can see Dilbar is still parked in Hamburg on this hotel’s webcam…

Rund ums Hotel | Empire Riverside Hotel
 
Super yacht news .Must have had them put back in or tugged ? Legal wrangling on going .Watch this space .
Or a different one with similar name .Anyhow sanctions are biting .

Having said that the rest of the SY industry it’s self ,seems buoyant this season even with the so called head of the snake cut off .
Not sure ethicality who ,which billionaire s would want an ex Oligarchs confiscated yacht?
They have the where with all to wait patiently for there own projects, there own new to be built .
Imagine the outcry in todays woke world if say James Dyson snapped up a bargain.
 
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This isn’t being auctioned because it’s Russian, the owner hasn’t paid the monthlies on it….so the finance company are auctioning it.
Yes + no .
Its because the principal can‘ t access his funds or in other words get the money across because of the sanctions .
Not because he’s broke or cocking off , because international banking isn’t working for his accounts.

Same with Dilbar if Blom + Voss cease to be paid for the dry dock + paint job they will use / recourse German law to get settlement.
This May involve a court forced auction of the asset the yacht .
This process may be speeded up by rapid and targeted changes in EU law or D law .Which the opposition party’s ain’t gonna hold up .
 
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