News

Sold to Breakers as is Norway

The 'Amadea' was sold on Sep 9 well below its market value. The American government confiscated the luxury vessel because it belonged to the sanctioned Russian oligarch Suleyman Kerimov. The 'Amadea' likely went under the hammer for $100 to $125 million. The reason for the price reduction was a dispute over ownership between the US government and two Russian oligarchs. The 'Amadea's value is actually estimated at $300 to $350 million . The new owner paid only $100 to $125 million. In May 2022, the yacht was seized in Fiji by the U.S. Department of Justice"s Task Force KleptoCapture, an initiative launched to enforce sanctions against Russian oligarchs supporting Vladimir Putin"s regime. Kerimov, a billionaire with ties to Putin and a fortune built through investments in Russian gold producer Polyus, is the true owner, despite claims by another Russian, Eduard Khudainatov, that he holds title to the vessel. The seizure was executed under a U.S. warrant, citing violations of sanctions laws, including the International Emergency Economic Powers Act (IEEPA), money laundering, and conspiracy. Prosecutors assert that Kerimov and his proxies routed U.S. dollar transactions through American financial institutions to maintain the yacht, making it subject to forfeiture. The operation underscored the U.S. government"s commitment to targeting the assets of sanctioned individuals linked to Russia"s actions in Ukraine.

sold to Breakers as is Batm

The Synergy Marine Group has converted the 'Northwest Stormpetrel' into a key piece of the new floating energy plant 'Karadeniz LNGT Powership Americas'. It was converted from an LNG tanker to an FSRU at the Seatrium Admiralty Yard in Singapore under Synergy Marine Group's project management. The FSRU can store natural gas in liquid form and convert it back to gas for use in electricity generation. The new FSRU can handle up to 150 million cubic feet of gas per day and has been designed to operate offshore for ten years without the need for docking. The unit can both receive LNG via ship-to-ship transfers, regasify it and send the gas on to floating power plants, The customer is the Turkish energy group Karpowership, which operates the world's largest fleet of powerships. The floating power plants can be connected directly to the power grid in countries with an urgent need for electricity. When powerships are coupled with an FSRU, a complete floating energy plant is created: the gas is imported, stored and regasified on the FSRU, after which it is used as fuel for the power plant ships. In this way, electricity can be supplied to millions of people in a few months. The ship sailed from Singapore on Aug 17, 2025, and has been anchored off Kuala Sungai Baru in pos. 02° 20' N 102° 01' E since Aug 23.

sold to Breakers 09.09.25