Author: The Maritime Observer
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Gulf Craft Group appoints new CEO Yannis Haidis; undergoes corporate restructuring
After the corporate restructuring by UAE-based shipyard Gulf Craft, announcing the formation of Gulf Craft Group at the Dubai International Boat Show this past February, the shipyard appointed Yannis Haidis as the new chief executive officer. Haidis arrives at Gulf Craft with over 30 years of experience, with multiple tenures at major multinational FMCG corporations…
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Gulf Craft & Dubai Maritime Authority Announce Strategic Partnership
News – Gulf Craft & Dubai Maritime Authority Announce Strategic Partnership On Tuesday, August 13th, UAE-based shipyard Gulf Craft announced the signing of a new strategic partnership with the Dubai Maritime Authority at the Ports, Customs, and Free Zone Corporation to facilitate smoother procedures for maritime vessel registration and licensing for Gulf Craft clientele. Through…
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Red Sea Global provides progress update on Triple Bay Marina
Red Sea Global has provided a progress update on ultra-luxury development AMAALA. Part of Saudi Arabia’s 2030 vision, Amaala is an ultra-luxury development situated along the north-western coast of the Kingdom. It will span more than 4,000 square meters, coming in 2025. Inside Amaala is the Triple Bay Yacht Club. With over four levels in the 7,900…
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Auction to sell Royal Romance called off; Yacht Potentially No Longer Under Ukrainian Ownership
Royal Romance, the 92-meter motor yacht, will no longer be auctioned off by the Asset Recovery and Management Agency ( ARMA) of Ukraine after a new decision made by the Croatian court canceled its prospective sale. Royal Romance, owned by sanctioned Ukrainian lawyer Viktor Medvedchuk, was seized in March 2022 as she was docked in…
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Sanctioned Superyacht Alfa Nero Sold to Undisclosed Buyer
Alfa Nero, the 81-meter Oceanco-built superyacht, has been sold to a new unnamed owner for $40 million. The yacht was seized in 2022 in Falmouth Harbor, Antigua following the sanctioning of her owner, Andrey Guryev, by the U.S. government following the Russian invasion of Ukraine. Following Alfa Nero’s seizure, the U.S. Treasury Department cleared the…
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Sale of seized yacht AMADEA blocked by US. Court
The US government, in possession of the seized luxury motor yacht AMADEA, was denied its request to obtain the right to sell the yacht by a New York court. Amadea, belonging to sanctioned Russian oligarch Suleyman Kerimov, was seized as it was docked in Fiji in May 2022, following the U.S. sanctions imposed on Russia.…
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West Nautical Open First Office in the UAE
Occasioned by the growth of Dubai’s superyacht sector, Superyacht specialist service company West Nautical opened its first office in the UAE, in Dubai’s Business Bay. West Nautical offers complete superyacht services, including sales, crew, management, and charter services. The UK-based company also holds an office in Limassol, Cyprus.
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Jeddah Yacht Club and Marina launches membership club
Known as Saudi Arabia’s first west coast marina, Jeddah Yacht Club & Marina has grown into an exclusive destination. The marina opened its doors in March 2022 and is officially recognized as an entry point to the Kingdom of Saudi Arabia. In June 2024, the Jeddah Yacht Club was officially launched, offering exclusive perks for…
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Al Seer Marine appoints Gunther Alvarado as new Deputy Chief Executive Officer
Marine equipment and supplies company Al Seer Marine has appointed Gunther Alvarado as new Deputy Chief Executive Officer. Spending over 10 years with the company, Alvarado assumed a variety of roles, starting as a Technical Manager, moving to the Head of Yacht Management and Operations and Chief Operating Officer thereafter. According to a press release…
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Suez Canal Authority Announce Reduction of Transit Fees
The Suez Canal Authority (SCA) introduced a new 50% reduction of transit fees for any vessel under 300 tons passing the canal. The scheme will run from July 1st – October 1st and aligns with the upcoming Egypt International Boat Show, taking from July 11-14 on Egypt’s north coast at Marassi Bay Marina.
