gCaptain

Maritime News

Indonesia to Release Seized Yacht in 1MDB Case

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By Agustinus Beo Da Costa JAKARTA, April 17 (Reuters) - An Indonesian court ruled on Tuesday that a luxury yacht linked to a corruption scandal at a Malaysian state fund was wrongfully impounded in Bali at the request of U.S. authorities and ordered the vessel to be released, police said. The Cayman Islands-flagged Equanimity was impounded by Indonesia in February as part of … [Read more...]

Fuel-Guzzling Yacht Industry Wades Into Hybrid Technology

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By Nathan Crooks (Bloomberg) -- Even the diesel-guzzling yacht industry is exploring hybrid engine technology. Luxury boat makers have trailed behind automakers in the quest for new ways to power engines, but Thomas Conboy, North America sales agent for Dutch yacht company Heesen, said his industry is paying attention to the growing demand for environmentally-friendly … [Read more...]

U.S. Judge Says Ex-Presidential Yacht Can Be Sold for $0 to Foreign Investors

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By Tom Hals Nov 14 (Reuters) - A Delaware judge on Monday said the former presidential yacht, U.S.S. Sequoia, can be acquired by an investment group for zero dollars, ending a years-long dispute over the storied ship once used by John F. Kennedy. U.S. presidents for decades entertained dignitaries on the 104-foot wooden Sequoia until it was sold by Jimmy Carter in … [Read more...]

Uber Launching UberYACHT This Weekend in Dubai

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The world's most popular ride sharing app is expanding its ever-growing modes of transportation to include luxury yachts. Silicon Valley-based Uber has announced the launch of UberYACHT to debut this weekend in Dubai. The launch further expands the company's motto of connecting people with reliable rides by car, helicopter, and even boats through the use of data and … [Read more...]