The “Superyacht” industry has suddenly become quite interesting. I sincerely appreciate your consistency in explaining these circumstances in layman’s terms. Well done you! Cheers.
Dan: It's truly amazing how a "fun" channel like yours has all of a sudden become a part of the greater picture of information due to a war that no one in the yachting industry would have guessed would impact so many major boats! Good job being the clearing house of information!
Wars of this sort can lead to a whole host of knock on, unintended and unforseen consequences that go far beyond the place or places such a war is played out.
Mate - been following your channel for a long time, it's amazing to see you being in the right place at the right time with the right skillset. You are doing yourself a lot of honour right now. - Alex
The west had taken its eye off the ball. So busy fighting orange man. Yet he's only part of the problem. The first thing is those darn printing presses. The usa only has such a massive carrier fleet because they have bled their own taxpayers white. The establishment then established the fleet and then had to pay for the upkeep. This is where they tripped up. Like the stupid lottery winner splurging the winning on a mansion and yachts. Having no prior experience with upkeep and running costs has put himself back to square one. The establishment of the west is so inept in the general world because all they know is the swamp. Born and raised by the incumbent swamp dwellers. Very very little actual experience in the real world. Now suddenly that real world is rearing its ugly head and they have absolutely no idea how to deal with the problem
Really appreciate the news and your time to make the video. Spot on about sentiments. I have long time friends in Russia and they want nothing to do with this mess. Two went so far as to protest and were violently imprisoned. Wish everyone the best and look forward to the next video!
My thoughts are with your Russian friends. So hoping they come out of it alright. Also hoping ALL Russian protesters will be freed soon, preferably with the ouster or death of Putin. This is simply how I personally feel. He is responsible for so much death, destruction, carnage, and pain. 🙏
The sad fact is that the West was too slow to catch most of these(by accident or design),and once in international waters they are safe from being impounded
I worked for Lloyd's Register for many years, now retired. I was with the San Francisco Office and we actually had many yachts in San Francisco Bay, many staying in the Sausalito area. You did a very good job of explaining what certification is and why it's needed. I'm happy to have found your channel. It just popped up about 2 weeks ago. I enjoyed your video on what crew do when in port and yacht not being used. That happens a lot in our area. Anyway, thanks for this channel.
Good sources. Your highlighting of the class society issue is smart. Thanks for saying that all Russians do not support the war. This needs to be said.
Mr.Sysman, please allow me to thank you for all the interesting information you provide us viewers with. I also want to thank you for your humanity, you showed in the last sentences of this episode. Also, you really have a great great talent of speaking, findig the right words and I love your „dry“ sense of humor. Keep up with the great work please. Thank you again!
The company I work for is tied to DNV and Lloyd's for fire and life safety equipment inspections and services. Haven't heard from management as yet about the insurance termination, but I imagine that we will not board any vessels without insurance.
Holy cow. That's huge! I grew up on a lot of smaller yachts, 40 to 80 feet. You can't cross into other countries territorial ports without insurance... Best you can do is anchor in a remote cove. Things may be different now but insurance on a big boat is critical.
@M W Would you trust a Russian insurance company to pay up if something went wrong? Should a port authority trust that they will pay liability if they damage another craft or some of the harbor's infrastructure? Other insurance companies want to know that you won't be doing anything irresponsible, like refusing a boarding and getting shot at by navies on the open seas. If they aren't concerned about that then they may not be the kind of insurer that ports will accept as legitimate.
Do the Russian oligarchs actually own these yachts or are they on finance like the majority of the private jets that finance companies are trying to repossess?
Wife and I were on a cruise few years ago and we were docked next to Eclipse for the day in ST Marteen. Sat on the veranda and watched them load 3 semi-trucks of fuel that morning left for the day and watched 4 more load before we left. It's not a boat, it's a ship. Like 530 feet of ship! It made the semi-trucks look like Hot wheel cars next to a real car!
At least 7 semi tankers of fuel is nothing to laugh at. Mind you with the world wide jump in fuel prices it's going to hurt someone's bank account even more. Actually, with the financial sanctions in effect, just how will they pay for the fuel and provisions?
Putin's Russian military actually can, and does, refuel these things sometimes. Remember, oligarchs are part of the top-level mafia "family" ruling the Russian people right now, and these ships are often tools of the KGB, military, spy agencies, etc.
@@markfryer9880 the "owners" don't care: all stolen from decent dispossed russians. buddy the Fact that you are Here denotes brains and relative love of Nature. now consider pirates Pirates how did they get their vessels ? ps i Am a caribbean-origin small boat ex-owner operator... gotta float, 'ey!
Big fan of your work for years now and marine (re)insurance broker here. Nice report on the de-classification of the superyachts leading to them being uninsured due to breach of warranty. I suspect most sanctioned oligarch's superyachts are now uninsured and have been for a while, at least by western insurers, due to the sanctions and limitations exclusion clauses included in every policy which basically prevents insurers to pay any claim that would expose them to a sanction imposed by EU, UK, US, etc. Going around with such expensive toys without insurance is a major risk, especially for third parties that could be affected by the superyachts' operation. Thanks for your videos, keep up the good work!
Panama can likely not allow them through, considering if they were attacked. They can self I sure... "If the are successful at this every businessman's assets are next!"N.Maria
Not as easy as "self-insuring" the yacht. Most countries make the Protection & Indemnity (P&I) coverage compulsory for navigating their waters - that's the insurance that covers the liability for the use and ownership of the yacht - reasoning behind this being the pollution and environmental damage this vessels are capable of producing. Mind you, for superyachts, the limit of the P&I coverage is in the hundreds of millions of dollars per event region - that's just how big a claim in one single incident can be.
At the very least, they would have to provide a "Guaranteed Letter of Credit" for liability for millions of dollars (if they were to self-insure), but who's going to sign off on that? No way around the mess they are in even if trying to play shell games..
I 100% agree with Alex Madeira. You are an invaluable source of reliable and useful information for those of us armchair watching this from our homes. I have also been watching you for a long time and have always valued your insider knowledge of the yachting world. Thank you eSysman for being there, right time and right place is correct!
Greetings from Ibiza, thank you for all the good information on your channel. You mentioned that Eclipse is cruising through the Med slowed down to 8kn maybe is due to the storm we are going through that started last night and will go through at least Tuesday night with yellow alert and winds between 70& 80 kmh. If they were to make a stop here, I'll let you know!
Thanks for the objective and informative article. I am amazed at the sheer size and opulence of these vessels. The people of Russia deserve better than these greedy SOB and their sniveling scurrying away.
@@grahamatsea3575 True. People also forget the 15,000 dead in eastern Ukraine in the past 8 years. That's 5 each day. Where was the outrage then? Did dead ukrainians only matter since Feb 24? After 2 years of straight lies about covid, I was hoping people would be wiser, but sadly, perhaps the clot shot has affected their minds. :(
@@G-ra-ha-m lol - Fauci? Pelosi? You're too funny. They are hardly "very rich" by any definition. A few million, sure. fyi, Graham, there are nearly 700 billionaires ahead of them in the US alone, and 35,000 nine-figure millionaires. Seems you went with your pet political targets rather than the real rich. Now, you can name Pelosi and several hundred other members of the US Congress of both parties, who have made out quite handsomely as a direct result of their privileged access to insider information about companies, which they trade with impunity. But that's a different story.
@@G-ra-ha-m Pelosi and Fauci? You're kidding right? Pelosi couldn't afford to operate Sailing Yacht A for more than 18 months, she would have to invest her entire net worth to purchase a small superyacht and have nothing left to run it. Fauci couldn't even buy the smallest of super yachts and really couldn't even afford to charter one for a week without seriously damaging his finances.
Really is a full court press. I would wager the intention is to extract a certain course of action from the wealthy and more to the point powerful owners. Keep up the very good work.
Great update again and I agree that the Lloyds register will be an enormous deal in the future. Those ships won't be welcome in many hot spots around the world anymore. If there is one way to hit the oligarchs it is by taking away their toys. I foresee a lot of these vessels coming on the market pretty soon. With their assets frozen paying for the upkeep will become impossible.
Dave Just asking the Question. With all the money they have, could they not hire a tug and fuel barge to fuel them out in the water. Make them pay a higher cost for fill up. You know just like us Pesky working class that are paying double at pumps now.
Not "won't be welcome". They literally will not be able to enter any ports. Just the public liability issues will render them an untenable risk to have in your port.
@@rp1645 problem is that all their credit cards, most of the bank accounts etc have been blocked. On top of that, there are not a lot of fuel ships around, so en route replenishing is not really an option. Then take into consideration that none of these ships is insured anymore, which means that nobody is willing to take the risk. In other words, most of the yachts have a massive problem.
these ships are going to be sitting for years with no crews, no maintenance, etc. they'll never be sold on the open market. billionaires would buy a new ship.
It's quite impressive how so many tracking devices stop working at this convenient time. Insurances should make sure to never again accept any insurance requests from these owners
Usa printed how much money hows insurance work when the dollars about to tank its not a price rise its devaluation if they print money with no backing it losses value say hello to the nwo
@@theodorTugendreich I'd have no problem with anybody shutting down their tracker after passing the Ukrainian borders. But as long as you frequent international holiday domiciles you better act accordingly or exclusively stick to russian paradises - there they can do whatever the f... they want, I don't care.
@@G-ra-ha-m well put. Also people should be thinking about where action against non-combatants leads. They might start with the super rich but those things have a way of going elsewhere. Anybody ever wonder how the internment of people of Japanese origin during world War II was accepted. It's in my view a dangerous direction for where it might go in a future dispute.
Never been on any boat but thanks to escaping friends of Putin I see rich people have freaking mansions that explore the oceans! Some of those boats are beautiful.Thanks eSysman!
As someone who has worked in the super yacht industry based in Fort Lauderdale and know every vessel you have mentioned, it is alarming to see how all of this plays out.
What would tick them off really is if everyone refused to recognise that Russian certificate as a valid maritime requirement. Keep up the good work mate, you're the only one who is keeping me abreast of developments regarding the Ukraine situation, after all there is a lot of little side dramas, which are more interesting to hear about.
Amazing job, it's awesome to learn about a whole other realm of things that go on in the world that the average person doesn't know about including myself, right down to the insurance on the vessels. Thank you for being able to bring to me good clean knowledge. All the best for your channel!! And I really like the fact that you brought up did not all Russians are bad I understand this first hand both my parents were of German descent not something you went around saying in 1940s. I also have a young grandson whose father was born in Odessa difficult to explain to a young child. Again great channel cheers.
Honestly, great work! All so fascinating. I thought I was doing quite well being moored close by S/Y Athena in Red Hook (St Thomas), but these are vessels on a whole different level. Keep 'em coming.
Congratulations to all of the supporters of this video channel. Amazing how supporters can do a better job than some of the worlds best intelligence agencies!
Well said on the fact that we all need to be careful when being “anti” about any nation that is at war ? The fact is that politicians, not citizens, are the ones that’s decide to go to war - and in certain nations, the citizens have absolutely no say in the matter !
My personal thought is unless you unload all of the complicity between oligarchs and the government you should stay silent. Thousands are dying. Follow the.news’s, keep your personal feelings out of it. Report on the yachts. Not the people, these are extraordinary times.
I really, really enjoyed this video. I’m a 76 year old grandmother in Texas. No cruising experience. It’s so interesting about the Russian super yachts losing their certifications which means no insurance. I’m so happy that most of the countries are invoking sanctions against Russia. Thank you for sharing this news.
Q: You say "Lloyds has withdrawn services to all Russian ships" (or "to Russia" as the article says). Does this matter? I thought ALL of these ships were registered outside Russia and MOST of them had their Russian owners identity masked through shell corporations and management companies (both also not Russian)
Port of registration and certifying authority are two separate things. You could have your super yacht registered in ANY port, however, which insurer will touch something certified by Joe Random of Biloxi, Mississippi when Lloyds is the standard?
@@lancer2204 My point wasn't to do with Lloyds or NOT Lloyds as certifying authority,... it was in what way are any of these super yachts "Russian" as defined by the new Lloyds restrictions. They're not registered in Russia and their Russian ownership is often secret. If these boats are registered in Panama and managed by Cayman Island companies (with no other visible ownership), Lloyds sanctions don't apply. Perhaps these Lloyds sanctions apply to some tug or ferry in Vladivostok or some coastal bulk carrier, but not these Super Yachts.
Been a fan of your channel for a long time but it’s so good to see it taking off so much right now as you deliver this really awesome insight. Keep on smashing it Esysman! Just one question, the majority of these yachts are flagged in Cayman Islands or Marshall Islands, perhaps Bermuda sometimes (MY & SY A), so would they actually be considered Russian by LR?
Great channel. It just came up via YT I guess. I was watching all our favourite sailing channels at the time. If the Russian are flogging off these at big discounts, we may be tempted. But we do prefer sail not Irons. Stop The War 💙💛
It's reasonable to surmise that they're all heading to Vladivostok, albeit in somewhat circuitous routes in in some cases, so that they can have that 'inspection' to gain recertification via the Russian agency. I imagine that, just as you alluded to, some way has been found for them to be granted temporary paperwork so that they can fuel up & provision for the crew enroute.
7:37 I work in the home remodeling industry. Insurance is a HUGE deal, we can't let subs on site AT ALL if their insurance is revoked or expired. I also do some IT work on the side for a public health surveillance non-profit. Same deal there. I have to have $2mm in General LIability insurance to step foot in their offices.
Another great video. You've done an awesome job giving the world a glimpse into the super yacht domain. I had no idea that North Korea was a super yacht destination. 🤣 It's going to be awfully difficult for those yachts to get through the Panama and Suez canals without insurance.
Hope so. I say grab them all and refuse to release until individual owner turns up and explains where they got their money and what tax they paid to get that money - and if it doesn't add up, all yachts sold. Trouble is, to whom? Fiji want to buy mini luxury crew accom. Navy ships?
Hope so. I say grab them all and refuse to release until individual owner turns up and explains where they got their money and what tax they paid to get that money - and if it doesn't add up, all yachts sold. Trouble is, to whom? Fiji want to buy mini luxury crew accom. Navy ships?
We love you dude! Stay safe and strong... good to see your channel blowing up!... 🌟🌟🌟🌟 ... Been a long time coming but you deserve it and oh yeah the beard is coming along nicely😃⚓
Could you explain the reasons why they wouldn't want to go to the Russian classification system? Thank you so much for your videos and all the hard work you put in to making it possible
Enjoying your insight on this subject, thank you. Based on your knowledge, why are these super yachts still being allowed to be registered in countries such as Cayman Islands & Bermuda, both are British Overseas Territory (Nord, Madame Gu & Scheherazade / Eclipse & Solaris) & what impact would them being de-registered have on their abilities to sail the seas?
For a flag of convenience you need just a Shell corporation in one of this countries. This Shell corporation is not registered with the name of any Russian vessel owner. Everybody knows who's vessel it is and who pays for it, but most of the time it's very difficult to follow this line from one shell corporation to the next and next... Same with there numbers bank accounts. From one to there next and so on. When as example the Chelsea owner Abramowitch pay on of his players some "extra money" this money will see 4-5 different banks in different countries. All this banks make money with this and also the sender and recipient because of saving a lot of taxes. Same with the vessels, houses, etc. they have.
The UK is very good at hiding illicit assets and tax avoidance via it's network of 'Crown protectorates' and other offshore tax havens and homes for stolen money. In fact after Russia the present UK government are among the most corupt on earth.
First time I've watched a video on your channel. Great job. As far as the current situation, no one should be anti Russian. I don't like or agree with Putin, but I have no issues with the Russian people and I hope they are also able to endure this crisis.
Like many recent subs I know little about these mega yachts but have found your content to be enlightening. I feel for the ordinary employees on these boats that are losing their jobs but these things are just symbols of corruption and the burgeoning disparity in wealth distribution.
You are right, but remember to make judgements on an individual basis. I have lived in a small starter home, never gone on vacations, never owned a new car. Never even had new furniture except once from 'floor model clearance'. I bought that starter house when the market was crashed and will be selling it for a massively higher price, and liquidating every other asset to move to Europe this year. Depending on how my new business venture goes, I'll be buying a boat, possibly nice enough to envy, in 3 to 5 years. It'll probably be from the 80s or 90s and some of the remodeling I'll do myself. People will look at my boat and assume I'm wasting money. But I'll be using her for charter, so much like buying a fancy house that you live in and run as a B-and-B, I'll be running a 'lifestyle business' where you make just enough profits to live a nicer lifestyle. The charters will only pay for the running/maintenance costs. Not all yacht owners are wasteful. I plan to make her green with solar and other alternative energy, and I found a good philanthropy group that lets you sign up to use your boat to study saving the oceans, endangered marine life, etc. Mega yachts are different, of course. I saw one last week, online, that had REAL silver flake paint on the whole ship, plus real gold flake paint on the huge radar mast. Not obscene enough, it also had a gas turbine, like a damn jet, that drank so much fuel per hour it made me angry. So I totally agree there is a level of pointless luxury that is morally wrong, when others starve and do without medical care (like I am right now, since Covid cost both income and insurance and I am stuck in the US for the moment). But, it's important not to assume guilt just because someone has something nice. They may have done without for many years to attain that. I'm not assuming you think that way, by the way. I just see a lot of comments lately that assume all yacht owners are part of the 1%, or comments from born weathly types callously caring more for yachts than refugees. It feels like two sides are forming, and both are posting pretty vitriolic things (eat the rich vs bootstraps). I guess I'd just like to inject a little nuance. My own family members will likely act like I 'won' a lottery, forgetting all the years they took 10k cruises, bought 50k cars, all on credit, while I have no debt (and shopped at thrift stores, before Covid!). Sorry for the long comment, but if this turns into a protracted global war, it will be between classes, not countries. It makes me nervous, because the current language doesn't leave much room for a successful middle class.
@@OG_Wonder_Woman "but if this turns into a protracted global war, it will be between classes, not countries" That is a good point. In my utterly worthless opinion.
@@OG_Wonder_Woman The difference between other superyacht owners and the Russian oligarchs is, they all made their fortunes when the USSR fell. They did so through cronyism and corruption, like Putin. None of them worked their way up from the bottom, none of them come from generations of wealth, since such things theoretically did not exist in communist Russia. So it is very easy to judge the oligarchs that own superyachts. These men are Putin's inner circle and have the most influence over him than anyone else in the world.
@@OG_Wonder_Woman Well there might be some cheap mega yachts on sale at government auctions so keep your eyes open. I own a kayak so that’s what I know about such things. I’ve had more than one person repeat the old adage that the day you buy a boat and the day you sell it are the two best days of the boating experience. I’m kidding of course. Good luck with your business venture and your boating goals. I wouldn’t worry too much about my opinion on the subject.
@@PifflePrattle I think you are correct. Climate change and the growing disparity in wealth are the two largest problems currently confronting the globe. Both have caused societal collapse in the past and there’s no reason things should be different today.
These Lloyds (et al) registry de-certifications and consequent invalidated insurance may be one explanation of the crew reductions: an owner or manager and a captain may not want to risk self insuring their crews and of course one mitigation is to lighten that load of risk by as it were tossing them offboard.
Superyacht 'Shinkai' is currently berthed in Bergen, Norway. Not, as far as I can find out, arrested. Yet. Owned by Vladimir Strzhalkovsky, a former KGB agent. Police have been on board.
Good luck with your channel. As you say the Russian people shouldn't have this horrific war and all of Putin's disinformation about it foisted off on them. But I shed no tears for the oligarchs having their expensive toys "arrested". That said, I love looking at these beautiful yachts and following your capture tales of them. Perhaps we all have a bit of the pirate in us? I couldn't say, but your posts absolutely brighten my day during these decidedly dark times. Thank you for your interesting work.
I agree with you that not all Russians are in favor of this War. Where we disagree is the only people who can ring in their leader is the Russian People. It's Time they show the world their true colors...
The ‘ 'My mother says I am betraying Russia’: Putin’s invasion divides the generations' article in today's 'Guardian' sums up what is going on in this respect.
@@frglee I understand the position you are stuck in I do. But you seem to be an educated Man so you must know that Putin is an old sick Man who's only goal in life is to bring back the old USSR at any cost. He does not care if his own Daughters have a world to grow old in. He cares not for his grandchildren or your children or my children. He only thinks of himself. Someone close to him needs to waste the cost of a bullet and end this madness today as tomorrow may be too late...
@@marcelohendrix6139 Your hearing is bad then. Americans do protest and people in Iraq and Afghanistan did ask why? What for? And how to bring their dead children back... And why we, the American people, didn't do more to stop it.
I love your channel. I’m one of your new subscribers. My parents owned a 30m yacht when I was young, apparently you classed that as a super yacht as its longer than 25m 😜 We had a crew of 4 on board it was amazing, we used to spend almost three months a year on holiday navigating the Med. Those were the days. I’m now as middle class as it can get haha but your channel brings back a lot of memories as when at port I used to have good conversations with the crew from other yachts.
The classification does not just expire when they pull it. They should have some time to get a new classification. One other thing that’s been missed is what has happened to Alisher Usmanovs yacht he bought while Dilbar is getting work done. Lady Gulya/ Alieya/ Tis. Nothing mentioned about this one.
It may seem to me that turning off the location devices may be more of ghosting the boats to get items or persons off the boat just in case it is held or searched...then turn them back on this way if stopped... let it authority do their duties because it's not worth the fight ...beautiful boats caught up in a terrible situation...my condolences to the innocent crewmen that lose good honest wages. Hopefully you'll sail somewhere soon ...
Great information about this, before COVID, I was out in Portals Nous in Mallorca a few times and ofter some of the large Russian yachts were there. If I'm there again I will keep a lookout.
Thanks for all the updates. I doubt Amadea can refuel anywhere since leaving Antigua. I can't see it making it across the Pacific to Sebastopol. That's at least 6000 miles. Maybe closer to 8000. On top of that, Pacific storms are a bitch. I've been through one.
Latakia or Tartus (both in Syria) could be options, given the cosy relationship between Syria and Russia, after that maybe the east coast of India or Vietnam?
At least one of them (Galactica Super Nova) is currently listed for sale, but This may not be such a good time to buy. It's like trying to buy a car from a drug dealer while the cops are chasing him
Lots of Russians have UK properties, especially in a gated community called 'St George Hill' near Weybridge, UK and if you look on property websites, a larger number than usual are being listed!
Lol. Tonga is thinking of Navy upgrade. Pay the ships off with trips around the islands... Or maybe the island nations getting drowned can buy them as replacement housing? Sow grass on the decks, and have chook house and pigs on the stern
@@chriszanf That's a lovely bit of gossip. What a pity it is gated. You could do bus runs up there, to spot Russian oligarchs. Maybe even have a twitcher book, to tick them off...
I wonder if any of these "yachts on the run" have also shut down their Vsat terminals? The operators in the network ops centers around the world will know where the yachts are, regardless of the status of the AIS. (This is not much use to the man in the street, but Governments would be able to access the information easily enough.) Maybe the data contracts are already subject to sanctions?
There are other observers of the yacht industry that wonders if Vladivostok would be able to properly service these boats. Could maintenance become an issue for these yachts if they are stuck there for long?
Service them mechanically? Sure. Fuel them? Definitely. Keep them in the opulent state they arrived in? Not likely. They will have to create a yard with the ability to work on these kinds of finishes and appointments... which given the wealth of the owners is certainly feasible. But without the ability to import materials and technology due to sanctions they will have a tough time. So they will be fitted out with Chinese tech and Russian materials... not really how they were designed or built.
@@simeon2851 Let them know. Like now Russia will start becoming industrial again. Once you have your own food and fuel you don't need any partners, especially The UE and USA. Russia will not be raking 1Billion per day off oil for the foreseeable future but trust me, The Chinese will eventually cave in and start using Russia's oil and natural gas, coal and titanium at a cost of 1.3Billion daily after a while. Their other exports such a banking, tourism etc will cave in but Russia will survive because other people will take the oil at a cheaper rate and fuck over their present contracts with other countries.
@@JP_43 Blah Blah Blah! You're making much Ado over nothing! Russia is a technologically advanced country. Not even the Germans are where they are in advance tech! Have a good day!
With over 1400 comments so far, this may have been addressed, but: does anyone know if a non-certified/insured vessel is permitted to use the Panama Canal locks? I have passed through them, but it was a long time ago and I cannot remember if that was one of the mandatory papers. If not....that last vessel you mentioned might be in Gatun for...a long...time.
Its registration to the yacht like dmv for a vehicle no register no insurance you cant go into any port like driving a car without registration same thing. You wouldnt do it as a millionaire either or you go to territory friendly , friends back yard ie turkey and park it.
I would be so pissed if I were a man and owned one of these , (that one so beautiful you didn'nt know you want it till you see it exists ) pissed at Putin if I had to park my toy....pissed
Great videos and specialised information. Thank you. Is it illegal for the vessels turn their AIS off ? and if so could they be arrested at sea for doing so?
Well ... this is all very interesting. Up until recently I had never heard of a Super Yacht ... and now I know that not only are their Super Yachts - but - a channel about them. Isn't the Internet Great? Anything you want to know about - there's probably someone out there who is knowledgeable. Cool. And - Thank You! .
Great channel only been following for a few months, a question, what are the laws regarding having no insurance, could/should these yachts be seized through international maritime law?
