March 30, 2023

Published by The Maritime Executive
Published by The Maritime Executive
Published by The Maritime Executive
Published by The Maritime Executive
Published Sep 21, 2022 10:43 PM by The Maritime Executive
The Russian-owned megayacht Dilbar was detained in Hamburg in March in connection with sanctions on Russia's business elite, and she has now been towed off to a lay berth in Bremen as German authorities investigate her suspected owner's finances.
The tow frees up valuable drydock space at Lürssen's Hamburg yacht yard, according to Bild. Dilbar, which is allegedly linked to the family of sanctioned Russian oligarch Alisher Usmanov, was relocated to Lürssen's headquarters facility on the Weser River in Bremen on Tuesday night. German customs officials and local police accompanied the ultra-high-value tow as a precautionary measure. According to NDR reporter Benedikt Strunz, she was towed "dead ship" with no crew aboard in order to make sure she could not make an escape attempt.
Dilbar is the largest personal yacht in the world by volume, measuring in at nearly 16,000 GT. She can accommodate up to 24 guests in her spacious 40,000 square foot interior. According to her builder, she also has an 25-meter-long, 180-cubic-meter pool, the largest ever installed on a yacht. 
Dilbar was initially detained at Hamburg as a temporary measure, but in April, Germany's federal police (BKA) announced that "extensive investigations despite offshore concealment" revealed that Usmanov's sister was the beneficial owner of the vessel. The yacht is therefore subject to sanctions and long-term detention. 
The yacht may end up tied to a larger investigation of Usmanov and his family's holdings. On Wednesday, the day after the tow, German police raided multiple properties allegedly linked to Usmanov in southern Bavaria. German authorities suspect that Usmanov resided at a villa on Lake Tegernsee but did not pay the income taxes owed by a German resident, according to OCCRP. He is also suspected of laundering money into his properties and into his megayacht.
Alisher Usmanov owns Russian metals conglomerate Metalloinvest, media company Kommersant and mobile-phone provider Megafon. Through Metalloinvest, he is also one of the largest shareholders in Deep Sea Minerals Finance, the successor company of bankrupt deep sea mining firm Nautilus Minerals. His net worth has been estimated at about $15-19 billion, putting him in the ranks of the world's 100 wealthiest people.
Usmanov departed Europe for Uzbekistan on February 28, the day he was sanctioned, according to OCCRP. 
Published Sep 22, 2022 8:20 PM by The Maritime Executive
The former head of Indian shipbuilder ABG Shipyard has been arrested on charges of engaging in a record-setting bank fraud scam.  Rishi Agarwal, the former chairman and managing director of ABG, stands accused of borrowing $2.8 billion for corporate purposes, then disbursing the money to affiliated companies for personal gain. An audit performed by Ernst & Young found evidence of a long-running fraudulent scheme from 2012-17 involving "diversion of funds, misappropriation and criminal breach of trust." It is the largest…
Tugs & Salvage
Published Sep 22, 2022 7:43 PM by The Maritime Executive
UN officials during a media briefing at the headquarters during the beginning of the General Session reported that work on the decaying FSO Safer positioned off the coast of Yemen is expected to begin within the next few weeks. They said that steps are being taken to finalize contracts, ensure that all of the parties in the region including the Houthi rebels are involved, and complete the receipt of the financial pledges from donor countries around the world. David Gressly,…
Cruise Ships
Published Sep 22, 2022 6:46 PM by The Maritime Executive
Hurtigruten Norway has placed in service its first environmentally-upgraded battery-hybrid powered ship, the 11,200 gross ton Richard With. It is the first vessel of the company’s Coastal Express service operating from Bergen north along the Norwegian coast to be upgraded in advance of Norway’s increasing environmental regulations. Hurtigruten reports it will be investing nearly €100 million (US$100 million) towards green upgrades that will be implemented by early 2024. "With MS Richard With back in operations as a fully-upgraded ship, guests…
Published Sep 22, 2022 6:01 PM by The Maritime Executive
The major shipping lines are once again resorting to blanking sailing from their schedules as a means of controlling capacity after an extended period of deploying every available ship to meet the surge in demand. Using the guise of the upcoming Golden Week holiday tied to China’s Autumn Festival, carriers are expected to increase the number of canceled sailings above historic norms according to the latest calculations from the analysts at Sea-Intelligence. Their data support the earlier predictions by carriers…

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