super yacht phi owner

PHI: THE WORLD’S LONGEST MOTORYACHT BELOW 500 GT

…Royal Huisman is excited to present an impressive new fact: PHI will be the world’s longest motoryacht below 500 GT.

Until now, PHI’s length was a mysterious “55m+”. With her launch coming up in 2021 it is time to reveal her actual overall length: 58.5m / 192ft, which makes her – based on today’s Classification rules – by far the longest motoryacht in the sub-500GT category.

PHI’s sleek, low hull and superstructure profile are considered by outsiders to be a great challenge to engineer and build. But Royal Huisman has delivered over thirty low-profile and unique, award winning sailing superyachts, and is not intimidated by the prospect of fitting complex motoryacht systems and technology into sleek, low hulls.

The team has all the knowledge and experience at hand to explore, develop and optimize the ideas of the Owner, designers and architect into tailormade solutions – using proven expertise for a brand new creation without any shipyard requirement of adapting an existing basis of previously delivered yachts.

Cor D. Rover, responsible for PHI’s general concept, exterior design & interior layout, explains the design philosophy: “Rather than just building a large yacht on a so-called shipyard ‘platform’ to enjoy the pleasures of being at sea, the Owner of PHI wanted to build a yacht with a profound underlying story, a deep-rooted knowledge that runs through all aspects of the yacht, from her exterior appearance all the way to internal experience.

After a lot of internal deliberations at our studio, exploring numerous concepts, we discovered the rich and detailed story behind the symbol PHI. Evidence of this is all around us. The more you study, for example, growth sequences in nature, the more amazed you become. The perfect mathematical way that a Nautilus shell or a Sunflower grows is truly amazing. Some call it coincidence, others call it natural evolution, I, being a spiritual person, will definitely call it “Divine”.

“Although a motoryacht of this size looks pretty large in a building hall or marina, it seems less so when you are in the middle of the ocean. With the endless galaxy above you, the vast water surface – sometimes calm and friendly, sometimes brutal and violent – around you, and beneath your feet, the little explored and mysterious sub-aquatic world, the overwhelming magnitude of nature and natural forces can make any sailor feel pretty small and humble. This formed the basis for our design philosophy.

We wanted the upper deck, where the Owner has his penthouse apartment, to be closest to the skies, to follow the PHI philosophy with a focus on the galaxy. The main deck, where most daytime guest activities happen, has a more horizontal focal connection with the ocean surface, whereas the lower deck, physically rooted in the water, is strongly ‘connected’ with the underwater-world.”

“The resulting overall design speaks a very organic visual message, and will all around the deck show a range of subtle hints to the natural world that surrounds the yacht. If you should have an opportunity to visit PHI you will find that, no matter where the Owner will take you, he will have a story for you: why details look like they do, and what has been the thinking behind them.

Apart from the fact that PHI has an aesthetic story to tell, she also fulfils the Owner’s wish for a technically highly advanced vessel that sets new standards. First of all, when PHI “hits the water” in 2021, she will be the longest sub-500 GT motoryacht in the world. The Owner wanted to achieve this without compromising on the highest quality standards. As a natural and logic result, the project ended up with Royal Huisman, the best sailboat builder in the world. The more we see PHI come alive, the more I am convinced that only a sailboat builder has the know-how and ambition to execute miracles on a square inch, and Royal Huisman is the epitome of this watchmakers skill.

By using Van Oossanen’s XL Fast Displacement Hull Form, PHI will be extremely fuel efficient. Given the fact that there are no electric chargers between the Azores and the Caribbean, this is the best thing we can reasonably do at this moment, trying to burn as little fossil fuel as possible until the day renewables will be the reliable mainstream.”

PHI offers significantly more exterior and semi-interior entertainment area on the aft deck than conventional designs, and instead of a typical “wedding cake” silhouette, she will have a very sleek and appealing low profile.

Another “first” can be found on the pool deck with Cor D. Rover’s patented DEPP swimming pool. This pool uses a minimum volume of fresh water since the body of water can stay in the pool, heated and treated overnight, when not in use. The pool itself turns into a sealed tank and visa-versa at the touch of a button, avoiding lengthy pumping of water in and out of a separate, dedicated dump tank, which means, guests can first play a game on top of the flush pool cover and swim within 5 minutes in the pool that’s underneath.

“…the lower deck, physically rooted in the water,

Is heavily ‘connected’ with the underwater-world”, cor d. rover – phi’s general concept, exterior design & interior layout.

Cor D. Rover continues: “A cool gimmick can be found in the lower deck lobby where we created an infinite wine-cellar.” What this means? You will have to exercise patience for a couple of months to see it with your own eyes…!

Guy Booth, Owner’s representative and project management comments: “From the early days, it was fairly clear that this Owners vision would take a unique combination of some extraordinary skills. The Owner knew that he wanted a deep, intelligent and thought-provoking core concept, that reflects elements of several great personal interests.

We initially met with six or seven of the most pedigree yacht designers in the world. There was something about Cor [D. Rover]’s approach that resonated with the Owner, asking thousands of questions, and proposing thousands of crazy ideas.

In the early days, no one had any answers for the Owner. It took Cor and his team almost a year of deliberation before they eventually proposed the idea of ‘PHI’, how it related to the Owner, and Cor’s vision of how it would translate into design.

From this moment, she has always been ‘PHI’. With such a powerful vision, a demand for the absolute highest level of quality available anywhere and such difficult engineering challenges, Royal Huisman were clearly the best partner to build the boat.”

“With such a powerful vision, a demand for the absolute highest level of quality available anywhere and such difficult engineering challenges, Royal Huisman were clearly the best partner to build the boat.”

Guy booth –  owner’s representative and project management,  “the more we see phi come alive, the more i am convinced that only a sailboat builder has the know-how and ambition to execute miracles on a square inch, and royal huisman is the epitome of this watchmakers skill.”.

Complementing motoryacht PHI will be a 36m / 118ft shadow vessel, which is currently under construction at Alia Yachts. Carrying the same DNA as her bigger “beauty queen” sister, the shadow vessel is the hard working sibling. Both will have Cor D. Rover styling and a patented Van Oossanen Fast Displacement Hull, but her “make-up” will be a no-filler-matt-finish (albeit in the same color scheme as her big show-off sister).

PHI will, upon launch in 2021, surely leave an impression…

The English press release with editor’s notes can be found via the following link: click here (opens in new tab).

Ukraine war: Russian-owned superyacht named Phi and worth £38m seized in London

The superyacht, which was in London for an awards ceremony, is 58.5 metres long and features what is described as an "infinite wine cellar" and a freshwater swimming pool.

Political reporter @itssophiemorris

Wednesday 30 March 2022 12:43, UK

A superyacht owned by a Russian businessman has been detained in London as the UK government continues to impose sanctions due to the ongoing war in Ukraine.

Transport Secretary Grant Shapps confirmed that on Tuesday, UK officials boarded the vessel named Phi which was in Canary Wharf in east London.

Live updates as Russia hints at war climbdown

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"Today we've detained a £38 million superyacht and turned an icon of Russia's power and wealth into a clear and stark warning to Putin and his cronies," Mr Shapps said.

"Detaining the Phi proves, yet again, that we can and will take the strongest possible action against those seeking to benefit from connections to Putin's regime."

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The Department for Transport said it worked with the National Crime Agency and the Border Force Maritime Investigation Bureau to identify and detain the vessel.

The government did not reveal the name of the superyacht's owner, but described her ownership as "deliberately well hidden".

Phi is registered to a company based in the Caribbean dual-island nation of Saint Kitts and Nevis and carries a Maltese flag.

The Department for Transport added that it is "looking at a number of other vessels" and hopes its "strong stance sends an example to international partners".

Following the detention of the vessel, Prime Minister Boris Johnson's official spokesperson told reporters that the UK government "will continue to take robust action against anyone benefitting from Russian links".

"For the first time ever in UK waters, we have detained a Russian superyacht - the £38 million, Phi," he said.

"The Department for Transport has worked closely with the National Crime Agency and Border Force Maritime Investigation Bureau to intercept the superyacht and will continue to take robust action against anyone benefitting from Russian links"

Phi - a vibrant bright blue superyacht named after a mathematical concept - is double the size of the other boats docked around it at Canary Wharf.

The vessel was built in the Netherlands and she made her maiden voyage last year.

Speaking after the vessel's detention, Mr Shapps said Phi "won't be going anywhere".

"It was here for refit, won't be going anywhere, and it's just another indication that we will not stand by whilst Putin's cronies are allowed to sail around the world in these kinds of yachts and people in Ukraine are suffering," he said.

"When you see what he's doing to Ukraine, when you see what he's doing to people's lives, it can't be right to have a yacht like this here in London, able to just sail away and that is why we've impounded it, and denied it ability to go anywhere right now, and it's another indication of how seriously we take these matters."

🚨BREAKING: Russian superyacht detained. I have worked closely with @NCA_UK & the @UKBorder ’s Maritime investigation Bureau to intercept the £38m - Phi. This Government will continue to take robust action against anyone benefiting from connections to Putin’s regime. pic.twitter.com/enp9M2tmBB — Rt Hon Grant Shapps MP (@grantshapps) March 29, 2022

The government later clarified that the owner of the vessel is not currently subject to UK sanctions.

The move came as the prime minister's official spokesman said Mr Johnson told his Cabinet that "a ceasefire alone would not be cause for UK sanctions to be removed in Russia".

"He said the pressure on Putin must be increased both through further economic measures and providing military aid to ensure Russia changes course completely," the spokesman told reporters.

Number 10 added that the UK government's view on sanctioning outgoing Chelsea owner Roman Abramovich has not changed in light of his involvement in peace talks over the Russian invasion,

It comes as the Russian businessman was reported to be in Turkey for discussions on Tuesday.

Earlier in the day, the Foreign, Commonwealth and Development Office said claims that the Chelsea FC owner suffered suspected poisoning during attempts to aid peace talks in Ukraine are "very concerning".

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The UK government has already imposed asset freezes and travel bans on a number of wealthy individuals as well as sanctioning certain Russian banks, limiting the ability of Russian companies to raise finance on the UK markets.

Ministers have also banned Russian carrier Aeroflot from landing in the UK.

But although it has announced it will phase out imports of Russian oil by the end of this year, it has stopped short of imposing a ban on the purchase of Russian gas.

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The UK Has Seized a 192-Foot Russian Superyacht Worth $50 Million

The move has been labeled "a clear and stark warning to putin and his cronies.", rachel cormack.

Digital Editor

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Shortly after impounding a private je t with suspected links to a Russian billionaire, the UK has seized a $50 million superyacht owned by an unnamed Russian.

The vessel in question, which goes by the name of Phi , was detained in London’s Canary Warf as part of the sanctions imposed against Russia for its attack on Ukraine, as reported by the National Crime Agency (NCA).

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Like the US and Europe, the UK has introduced a number of different sanctions against Russian oligarchs and businesses to increase economic pressure on Putin and the Kremlin. However, this is the first superyacht the country has seized. It also marks the first detention of a superyacht in UK waters.

Transport secretary Grant Shapps said “Phi” won’t be going anywhere for the time being.  National Crime Agency

It’s a beauty, too. The handiwork of Royal Huisman, the blue 192-footer was named after a mathematical concept known as the golden ratio, which is said to reflect natural order and beauty. And among its amenities, the boat is equipped with an “infinite wine cellar” and a penthouse apartment on the upper deck.

The third-largest vessel in the Dutch yard’s fleet, Phi made its maiden voyage from the Netherlands to London last December. It was docked at Canary Wharf for a superyacht awards ceremony and was due to depart the capital at noon on Tuesday before NCA officers issued the notice of detention.

NCA Officers boarded the superyacht on Tuesday and issued the notice of detention.  National Crime Agency

Phi was first flagged as potentially belonging to a Russian on March 13, but the superyacht’s ownership has been “deliberately well hidden,” according to the government. Indeed, the company Phi is registered to is based in the Caribbean islands yet the ship carried a Maltese flag.

The Department for Transport (DfT) did not say why it is not naming the individual who owns the yacht, though transport secretary Grant Shapps said the move was “a clear and stark warning to Putin and his cronies.”

“The ship won’t be going anywhere for the time being,” he added. “People who have benefitted from [Putin’s] regime cannot benefit from sailing around London and the UK in ships like this.”

The UK government says it is now looking at a number of other vessels. It’s not alone in its efforts, either. Italy , France and Finland have also recently impounded an array of Russian-owned superyachts.

Rachel Cormack is a digital editor at Robb Report. She cut her teeth writing for HuffPost, Concrete Playground, and several other online publications in Australia, before moving to New York at the…

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• Royal Huisman Yachts
• United Kingdom

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PHI is a 58.5 m Motor Yacht, built in Netherlands by Royal Huisman and delivered in 2021.

Her top speed is 22.0 kn. She can accommodate up to 12 guests in 6 staterooms, with 11 crew members. She has a gross tonnage of 499.0 GT.

She was designed by Cor D. Rover , who has designed 74 other superyachts in the BOAT Pro database.

The naval architecture was developed by Van Oossanen Naval Architects , who has architected 46 other superyachts in the BOAT Pro database, and the interior of the yacht was designed by Lawson Robb - she is built with a Teak deck, a Aluminium hull, and Aluminium superstructure.

PHI is in the top 5% by LOA in the world. She is one of 153 motor yachts in the 55-60m size range, and, compared to similarly sized motor yachts, her top speed is 5.51 kn above the average.

PHI is currently sailing under the Malta flag, the 3rd most popular flag state for superyachts with a total of 1067 yachts registered. She is currently located at the superyacht marina West India & Millwall Docks, in United Kingdom, where she has been located for 2 months. For more information regarding PHI's movements, find out more about BOAT Pro AIS .

Specifications

• Yacht Type: Motor Yacht
• Yacht Subtype: Displacement
• Builder: Royal Huisman
• Naval Architect: Van Oossanen Naval Architects
• Exterior Designer: Cor D. Rover
• Interior Designer: Lawson Robb

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The world of luxury yachts is a realm of opulence, innovation, and stunning design. In this exclusive domain, the PHI yacht stands as a testament to the zenith of nautical engineering and elegance.

Delivered in 2021 by the esteemed Royal Huisman shipyard, this masterpiece of the sea embodies a harmonious blend of cutting-edge technology, unparalleled comfort, and striking aesthetics.

Designed by the globally renowned Cor D. Rover Design, the PHI yacht is undeniably a breathtaking spectacle in the world of luxury yachts.

Design and Specifications: Unveiling the Art of Yachting

Stretching over 58 meters (191 feet), the PHI yacht encapsulates a sleek and modern design philosophy, characterized by its minimalist style and refined clean lines.

Adorned with a striking metallic gold exterior, the yacht asserts a unique and attention-grabbing persona on the seascape. But it’s not just about looks; it’s about performance too.

Under the hood, the yacht is powered by robust MTU engines, allowing it to reach a maximum speed of 22 knots and cruise comfortably at 14 knots.

With an impressive range exceeding 4,000 nautical miles, the luxury motor yacht PHI emerges as a prime choice for enthusiasts of long journeys and extended voyages.

Whether you’re exploring coastal paradises or embarking on transoceanic adventures, PHI is more than up to the task.

Impeccable Interiors: A Haven of Luxury and Comfort

The interiors of the PHI yacht are a sight to behold. Crafted to leave onlookers spellbound, its design ethos focuses on creating spacious and cozy settings, bathed in natural light and open spaces, conducive to relaxation and conviviality.

The yacht can comfortably host up to 12 guests in six opulent cabins, each with its private en-suite bathroom. However, the pièce de résistance is the master suite, boasting its private deck and panoramic ocean vistas.

Imagine waking up to the gentle caress of sea breezes and the soothing sound of waves; it’s an experience beyond compare.

To ensure a seamless voyage, a dedicated crew area provides comfortable accommodation for up to 11 crew members.

Equipped with all the contemporary amenities, including advanced entertainment systems, high-speed internet, and a variety of water sports equipment, the yacht PHI promises an unforgettable journey.

The PHI Yacht: Redefining Luxury Yachting

Whether it’s an opulent escape with loved ones or a private romantic retreat, the yacht PHI, a true masterpiece of design and engineering, guarantees a one-of-a-kind experience.

Its striking exterior design and luxurious interiors provide an unmatched yachting experience. From hosting lavish parties to intimate family gatherings, PHI caters to every whim and fancy of its fortunate guests.

PHI Yacht: An Investment of Luxury

PHI comes with a significant price tag, valued at an estimated $45 million. Her annual operational costs hover around $5 million.

However, the price of a yacht can greatly fluctuate depending on various factors such as its size, age, level of luxury, as well as the materials and technology employed in its construction.

Royal Huisman: Crafting Dreams into Reality

Royal Huisman, the Dutch shipyard behind the creation of PHI, is a name synonymous with excellence in yacht design and construction.

Founded in 1884, the shipyard has been at the forefront of luxury sailing yachts and motor yachts for over a century. Based in Vollenhove, Netherlands, Royal Huisman is considered one of the most prestigious and respected shipyards in the world.

Their commitment to craftsmanship, innovation, and attention to detail is evident in every project they undertake. Notable projects in their portfolio include Athena, Sea Eagle, and, of course, PHI.

PHI yacht summary

The PHI yacht is more than just a vessel; it’s a work of art, a symbol of luxury, and a source of intrigue.

From its stunning design and impeccable interiors to the ownership controversies that surround it, PHI encapsulates the essence of the world of luxury yachts.

As we continue to be enthralled by the mysteries and marvels of the yachting industry, PHI stands as a testament to the enduring allure of the open sea and the boundless possibilities of human ingenuity.

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A Russian businessman's $50 million superyacht was seized by the UK after mooring in London for an awards ceremony, government says

The UK government said it seized a Russian-owned, $50 million superyacht on Tuesday.

The yacht Phi is registered to a Caribbean firm and carried a Maltese flag "to hide its origins," UK crime agency said.

The government opened an investigation after it was identified as potentially being Russian on March 13.

A Russian-owned, $50 million superyacht was seized by the United Kingdom on Tuesday, the government said.

It's the first superyacht to be detained in UK waters, according to the National Crime Agency, which worked with the government to detain the ship.

The 192-foot vessel, called Phi, was detained by authorities in Canary Wharf, a business district in east London, according to a government statement sent to Insider. Phi was in London for a superyacht awards ceremony and was planning to set sail at midday on Tuesday, the government said.

The UK government didn't reveal the name of the owner – apart from mentioning the person was a Russian businessman and saying that the yacht, valued at £38 million ($49.9 million), was impounded as part of sanctions against Russia.

The NCA said in a statement on Tuesday that Phi's owner was "deliberately well hidden" and the person hadn't been sanctioned by the UK.

According to documents seen by The Financial Times on Tuesday, the yacht is owned by Vitaly Vasilievich Kochetkov, the founder of mobile network Motiv Telecom.

Motiv Telecom didn't immediately respond to Insider's request for comment.

Kochetkov also owns two other superyachts, Aurelia and Phi Phantom, per the documents seen by the FT. These yachts are both docked in the port of Imperia in Italy, a person familiar with the matter confirmed to Insider.

The NCA said Phi was registered to a company based in Saint Kitts and Nevis in the Caribbean, and it carried a Maltese flag "to hide its origins."

—Rt Hon Grant Shapps MP (@grantshapps) March 29, 2022

Phi was initially identified as potentially being Russian on March 13, the government said, adding that a subsequent investigation resulted in the yacht being seized.

The superyacht, built by Dutch boat builder Royal Huisman, can accommodate a total of 23 guests and crew, according to SuperYacht Times . It has a fresh-water swimming pool and a wine cellar, the UK government said.

"Today we've detained a £38m superyacht and turned an icon of Russia's power and wealth into a clear and stark warning to Putin and his cronies," UK Transport Secretary Grant Shapps said in the statement.

"Detaining the Phi , proves, yet again, that we can and will take the strongest possible action against those seeking to benefit from Russian connections," Shapps added.

Read the original article on Business Insider

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Russian businessman loses appeal against UK over detained superyacht

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In the dock: Oligarch’s stranded superyacht haunts the UK's drive for Russia sanctions

The phi remains moored in london after sergei naumenko lost the latest round in his legal battle to get it back.

Detained Russian-owned superyacht Phi in London's West India and Millwall Docks in March 2022. Reuters

For commuters on their way to work on a chilly London morning and locals walking their dogs, the Phi doesn’t appear even to warrant a glance as they pass its striking profile.

The superyacht remains moored in the UK’s capital after being seized from its Russian owner in the weeks after Vladimir Putin ordered his troops into Ukraine , and not long after its launch as the latest star on the superyacht scene.

With its sleek lines and skyscrapers backdrop, the Phi became a symbol of the push to respond to President Putin's invasion of Ukraine. The UK’s then Transport Secretary Grant Shapps popped up in a TikTok video beside the vessel, announcing: “It's a yacht which belongs to a Russian oligarch, friends of Putin,” as the National Crime Agency, the UK’s equivalent of the FBI, seized the Phi.

Almost two years later, Mr Shapps has moved on to oversee the UK's support for Ukraine as Defence Secretary, but the Phi is still moored in east London amid growing questions over whether the western sanctions drive against the Kremlin has been all symbolism and no bite.

One thing is for sure, the owner, Sergei Naumenko, isn't going to get to play with his €44 million (£38 million) toy any time soon. A UK court last week rejected his latest attempt to free the vessel.

The continued detention of the yacht has, however, raised the question of whether sanctions imposed on Russians, both as a result of the war in Ukraine and stemming from allegations of corruption, are effective in achieving their goals or are more to do with PR.

Experts The National has spoken to say there continue to be loopholes wealthy Russians can exploit to hide their wealth in the UK. While some assets have been frozen, none have been seized outright. Meanwhile, Russia itself continues to trade with the world.

“I think there’s a lot of questions about whether in this particular instance, it was more driven by PR than a tangible public policy outcome,” said Steve Goodrich from the campaign group Transparency International.

“Until we see either individuals before the courts or assets being taken away from them, it looks like sanctions are a bit of a paper tiger."

In the meantime, the 58.5-metre Phi remains part of the furniture at London’s Canary Wharf.

“We’ve been here since June and to be honest we don’t pay much attention to it,” a woman, out with her husband walking their two dogs, told The National.

“We’ve seen people on it now and again who look like they're doing maintenance. I heard it’s owned by a Russian oligarch but that’s all I know,” added the woman, who asked not to be identified.

The Phi has been moored in London since December 2021, when it arrived from the Netherlands after being completed by the prestigious Royal Huisman Shipyard.

It was only due to stop over in London to participate in the World Superyacht Awards before heading to Malta.

Mr Naumenko owns it through a front company registered in St Kitts and Nevis.

Mr Naumenko, who is adamant he has no connection to the Russian government and has never held any elected or official position, sued to get the superyacht back but in July 2023 a judge rejected the bid, and his appeal against that decision was thrown out this week.

While himself not a sanctioned individual, under UK law his assets can still be frozen if he is deemed to have benefited from the current Russian regime to the extent that he can afford a superyacht.

There was some consolation for him in the ruling when the judges said they were “troubled” by Mr Shapps' “incorrect statements” regarding Mr Naumenko and said these “ought not to have been made”, though ultimately they made no difference to the outcome.

Angelika Hellweger, a lawyer who is a sanctions and financial crime expert, told The National that actions such as detaining the Phi are "done by the West in a PR light to show the Russian elite what will happen to them and hope it has a deterrent effect".

“Moving against yachts and cars and so on is mainly a statement that they will go after them wherever they are and to show Putin and the people around him that the West won’t tolerate them," said Dr Hellweger, legal director at London law firm Rahman Ravelli.

She explained that while the term "seized" is in common parlance when talking about physical assets, they are in fact technically frozen – like a bank account might be – as they have not yet been confiscated.

When it comes to the wider sanctions regime, she said Russia, in common with many other countries in similar situations, has managed to find ways around them.

She cited the example of Russia being able to cope with the impact of the sanctions through a series of informal and shadow trade networks with neighbouring countries such as Kazakhstan and Belarus.

“You cannot isolate an economy forever, in particular one so integrated with the rest of the world, with globally important commodities such as oil and gas, like Russia, on which the West is very much dependent.”

The UK's Department of Transport says Mr Naumenko is picking up the bill for mooring, maintenance and any other charges relating to the Phi's detention.

By some estimates, the cost of maintaining a superyacht amounts to 10 per cent of its cost price, though that's likely to be lower given it's not consuming a large amount of fuel while berthed.

The Phi is among a number of superyachts linked to sanctioned Russian owners that have been detained. Some have been sold, including the Axioma, which was auctioned by the government of Gibraltar in 2022.

So far there has been no indication the UK authorities are looking to confiscate the Phi from Mr Naumenko, a property developer, as they did with the artwork seized from Nazem Ahmad , the alleged Hezbollah financier.

If it were to be put on the market there would be no shortage of potential buyers prepared to pay more than the original price, says superyacht broker Tim Johnson.

“It’s a pedigree yacht and it’s quite a unique design made by a pedigree shipyard,” Mr Johnson, the founder and chief executive of TJB Superyachts, told The National.

“A couple of years ago there was a big stigma with the past history of a yacht such as this but I think people have got past [that], so for some owners out there, they won’t mind that it was built for and owned by a Russian."

Mr Johnson explained that with the years-long wait for a new Royal Huisman yacht to be built, and with inflation pushing up the cost of building new vessels, it’s entirely possible the Phi would fetch more than its list price.

“It would take you four or five years to do something similar and with the time and man-hours that went into it, yachts at that level really hold their value for quite some time," he said.

“So to build this yacht again from start to finish today, you'll probably pay upwards of €70 million. So he could probably look to sell it for around €60 million.”

In the meantime, Mr Naumenko’s legal battle to get the yacht returned continues, said Sir Ian Collett, director of superyacht consultants Ward & McKenzie, who have been representing him.

“Our client’s solicitors and counsel are currently considering the detailed judgment with a view to seeking leave to appeal to the Supreme Court,” Sir Ian told The National.

Among them were a “number of issues within the judgment in which they disagree, and they may form the background to an appeal", in particular the fact that the Court of Appeal found that the Secretary of State for Transport made statements which were “incorrect”.

That the Court of Appeal found that these incorrect statements made no difference to the outcome is “something which we do not accept”.

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Russian tycoon suing UK government for return of £38m superyacht

Sergei Georgievich Naumenko, who is not on sanctions list, is also seeking damages in high court claim

A Russian tycoon is suing the UK government over the seizure of his £38m superyacht in London shortly after Russia’s invasion of Ukraine last year.

Sergei Georgievich Naumenko, a property developer who is not on the UK’s Russia sanctions list, has filed a high court claim against the Department for Transport (DfT) demanding it free his 58.5-metre (192ft) superyacht Phi and pay damages.

The seizure of the vessel in March 2022 was announced by the then transport secretary, Grant Shapps, who said impounding it had “turned an icon of Russia’s power and wealth into a clear and stark warning to [Vladimir] Putin and his cronies”.

“Detaining the Phi proves, yet again, that we can and will take the strongest possible action against those seeking to benefit from connections to Putin’s regime,” Shapps added.

Officers from the National Crime Agency boarded the vessel in March 2022 in Canary Wharf, where it has remained detained ever since.

At the time, the government said the law used to detain the vessel did not require proof or suspicion that the owner was closely tied to the Putin regime, merely that they were a Russian national.

The vessel had been in London for a World Superyacht awards judging panel event , which was held at the five-star Bulgari hotel in Knightsbridge.

A judge has overseen a preliminary high court hearing and heard arguments from lawyers representing Naumenko and the transport secretary, Mark Harper.

In a preliminary hearing, Mr Justice Chamberlain said: “Following the Russian invasion of Ukraine in February 2022, the National Crime Agency and Border Force maritime intelligence bureau investigated vessels with connections to Russia. The Phi was identified as a vessel of interest.

“On 28 March 2022, the then secretary of state, the Rt Hon Grant Shapps MP, exercised powers … to detain the Phi, on the grounds that it was owned, controlled or operated by a person connected with Russia.”

Chamberlain said a “substantive hearing” to decide the fate of the yacht would take place in July.

A spokesperson for the DfT said the department would not comment on active legal proceedings.

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The seizure of the yacht came as the UK government was under pressure to take more definitive action against wealthy Russians. The US and European governments have detained dozens of superyachts owned by high-profile Russian oligarchs who are under sanctions. The total value of seized superyachts is thought to now exceed $4bn (£3.2bn).

The Phi is the third biggest yacht built by the shipbuilders Royal Huisman and includes what the builders call an “infinite wine cellar” and patented fresh-water swimming pool.

Guy Booth, a New Zealander based in Brighton, is the captain of Phi and has posted several pictures of the vessel on his Instagram feed.

Booth, an experienced superyacht mariner, was appointed as “owner’s representative” and “build captain” to oversee the construction of the yacht in 2019, according to his LinkedIn profile. He did not respond to requests for comment on the identity of the owner.

Booth has previously said the owner proposed “thousands of crazy ideas” for what he wanted from the yacht, including a “penthouse” apartment on the upper deck.

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PHI yacht NOT for charter*

58.5m  /  191'11 | royal huisman | 2021.

Owner & Guests

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Special Features:

• Inviting pool
• ABS (American Bureau of Shipping) ✠A1, Commercial Yachting Service, Ⓔ, (✠)AMS classification
• Sleeps 12 overnight
• Shallow draft and fast speeds for reef exploration

The 58.5m/191'11" motor yacht 'Phi' was built by Royal Huisman in the Netherlands at their Vollenhove shipyard and she was delivered to her owner in December 2021. This luxury vessel's exterior design is the work of Cor D. Rover Design.

Guest Accommodation

Phi has been designed to comfortably accommodate up to 12 guests in 6 suites. She is also capable of carrying up to 11 crew onboard to ensure a relaxed luxury yacht experience.

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Her features include beauty salon and air conditioning.

Range & Performance

Phi is built with a aluminium hull and aluminium superstructure, with teak decks. Powered by twin diesel MTU (12V 2000 M96L) 12-cylinder 1,947hp engines running at 2450rpm, she comfortably cruises at 17 knots, reaches a maximum speed of 22 knots. Her low draft of 2.15m/7'1" makes her primed for accessing shallow areas and cruising close to the shorelines. Phi features at-anchor stabilizers providing exceptional comfort levels. She was built to ABS (American Bureau of Shipping) ✠A1, Commercial Yachting Service, Ⓔ, (✠)AMS classification society rules, and is MCA Compliant.

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Motor yacht Phi is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

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The unspoken rules about how to behave on a superyacht

• The superyachting world is very small, with only 5,800 yachts longer than 30 meters at sea.
• That insularity has bred a specific etiquette, which is often hard for outsiders to know about.
• These are the de facto rules of the most expensive billionaire toys, superyachts .

For the owners of superyachts , privacy is often the most valuable thing money can buy. It's one reason centimillionaires and billionaires pay eight or nine figures for a palace at sea, far from the prying eyes of land dwellers.

Even the most gossipy crew members should stay tight-lipped about the name of a former owner or charter guest, and many brokers shy away from answering benign questions.

That means that, aside from basic safety guidelines, most of the rules of superyachting are unwritten. The very few who need to know them — there are only about 5,800 yachts longer than 30 meters at sea, according to SuperYacht Times — already know them.

But if you do happen to be a lucky guest at a party on a billionaire's $500 million ship or find yourself included in a $1 million-a-week vacation, there are a few things you need to know.

After four days of touring superyachts that sell for as much as $75 million and chatting with the people who buy, sell, and work on them at the Palm Beach International Boat Show , Business Insider gleaned a few key edicts. Given the discreet nature of the industry, almost all the people we spoke with requested anonymity to protect their working relationships, but here's what they had to say.

Take off your shoes

While it's a basic rule for anyone in boating, it may come as a surprise to an outsider that no matter how rich you are or how expensive your heels are, in the vast majority of cases, you can't wear shoes on board.

It's partly for safety — you don't want anyone slipping on a wet deck — but partly to keep the yacht clean. So expect to see barefoot billionaires, and if you forgot to get a pedicure, bring a set of special boat shoes.

Don't make any assumptions about money — but know the signs

In the superyacht world, it's safe to assume almost everyone you meet is very, very rich, and many brokers and builders say you can't judge a book by its cover when it comes to prospective clients.

"It has nothing to do with how they're dressed," one broker told BI. "It's the biggest mistake you can make because a complete slobby-looking guy or couple could be a multibillionaire."

There are, however, a few clues. Watches are one; new footwear is another.

"Rich people always have new shoes," a superyacht expert said. But because of the shoe rule mentioned above, this tip probably applies only when they're on land.

Book your massage early

Wellness areas, including spa rooms with a massage bed or two and a professional-grade facial machine, are becoming must-haves on superyachts . Most have a customized spa menu and a crew member who doubles as a trained masseuse or beautician — and they're usually in high demand.

One captain said he'd implemented a booking system to ensure people weren't fighting for the same spots. A broker said sometimes masseuses would be so busy they wouldn't leave the small spa cabin for hours on end.

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So if you want to make the most of your relaxing time on board, reserve your pampering slot as soon as you get your welcome cocktail.

Pirates are more real than you'd think, and many superyachts have hidden safe rooms

While you might dress up as a fake pirate for an onboard theme party, there are very real ones — and other dangers — on the high seas.

In certain areas, including parts of the Indian Ocean and the Gulf of Aden, pirates are a cause of concern . In the Red Sea, owners are concerned about the Houthis .

Superyachts can come equipped with sonic weaponry, lockdown systems, and anti-drone protection. Builders are even designing safe rooms — which are apparently just as plush as the rest of the ship.

The longer the boat, the closer to $1 billion

While you can't judge a buyer based on appearances, you can judge them on the length of their boat.

One rule of thumb: If someone has a brand-new 50-meter vessel, chances are they have $1 billion to their name. If it's over 100 meters, expect the owner to have at least $2 billion. And for a boat bigger than that — like Jeff Bezos' 127-meter megayacht Koru — it takes many, many billions.

Money can't buy you everything

The world's biggest, most expensive yachts are custom-built by shipyards that produce only a handful of boats a year.

But no matter how many tens of millions of dollars clients are spending, there are things to which builders will refuse to say yes.

"In the end, the boat has our name," an executive from one of the world's biggest shipyards told BI.

They recalled a client who requested a yellow hull to match his Lamborghini . The shipyard declined, steering the client in another direction.

"If I don't like it, I don't build it. I finalize two or three contracts a year," another builder said. "If somebody can say your vessel is ugly, my reputation is bad."

Yacht crews are trained to make the impossible possible. A guest requests fresh caviar flown into the middle of the Caribbean? No problem. Fresh flowers every day while at sea? It'll cost you, but it can be done.

But they can't time travel, and captains and crew members say the thing that causes the most friction is when a client or owner wants to go from point A to point B — right now.

"The hardest request is when they want the boat in a place — yesterday," one captain said.

The best person to know? A friend with a superyacht

Superyachts are expensive to build and expensive to maintain . According to the industry standard, owning a superyacht will cost 10% of its new-build price annually. For a $100 million yacht, that's at least $10 million yearly going to crew, regular maintenance, insurance, fuel, and dockage.

Chartering, too, is costly . Beyond the list price, which can be hundreds of thousands a week, guests must pay for provisions, which are pegged at 35% of the charter fee, and are expected to tip between 10% and 20%.

So the most important unspoken rule of superyachting is actually that the only thing better than owning a superyacht is knowing someone else who does — and invites you along, of course.

Watch: Why it costs $1 million a day to run one of the world's biggest cruise ships

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