Superyachts have been making headlines for all the wrong reasons in recent weeks as more and more vessels linked to Russian oligarchs are temporarily frozen
Some of the largest and most expensive superyachts in the world, including Sailing Yacht A, which is valued at over $500 million, and, are languishing at ports and shipyards after the United States, the UK and the EU imposed sanctions on Russia as part of a foreign pressure campaign over Vladimir Putin's invasion of Ukraine.
indicates that some well-known ships are either en route to the Indian Ocean island nation, or are already there.Solaris, a superyacht linked to Russian oligarch Roman Abramovich, is seen docked in Bodrum, Turkey on March 21.This sudden turn of events have served as a major blow to the superyacht industry, which has been booming over the last two years, with demand soaring higher than ever.
"Overall, some buyers, especially those in Europe, are a little bit hesitant," Sauleau tells CNN Travel. "For now, the demand for yachts and yachting that we have seen increase so much worldwide over the last two years is still very prevalent.", says he's stopped posting about superyachts owned by Russians altogether due to the hostile response they've been receiving since the sanctions were introduced.The yachting industry has been booming for the last two years, as demand increased during the pandemic.
"If the boat is not owned by an individual on the sanction list, then the yacht can typically move freely," he explains."But we've seen an increase in checks in Europe for sure. However, the seizure of some of the biggest yachts in the world has led to crew members suddenly finding themselves out of work, and out of pocket in some cases.
"Some people are complaining about filling their car tank," says Suka."But filling a mega yacht, that's really something to be worried about. The price has doubled." However, this level of secrecy is now proving to be more problematic, as customers are beginning to ask further questions about the background of the yachts they're hiring.
As for the superyachts that have already been frozen, it's not clear how long they'll be held for, and what state they'll be in if or when they're released for that matter. "With regard to the long term, selling the yachts appears to be the most popular option within the superyacht sector." Sauleau notes that the spate of recent stories about superyachts being"seized" hasn't done wonders for the image of an industry that's been gaining from more positive coverage in recent times.
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