Why a Brand New $50 Million SuperYacht is Trapped London
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- čas přidán 9. 07. 2024
- #superyacht #superyachts #yachts #boats
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Content production is rising! It has been such a pleasure to follow your channel the last few years. Professional journalism from someone in an intriguing yet unknown industry. Consistent updates on a regular basis have been something to look forward to. Don't take your foot off the accelerator
FLAT EARTHERs next thing you will be saying is that the sun is a corn flake
Phi is one of the prettiest yachts- color is impressive and so is the design
Mr eSysman: WE LUV YA. Thanks for sharing with us. We all feel like yacht owners with your shares.
Barge living is interesting. Your videos are so interesting and informative. Always a pleasure.🐬💙🐬
My interest was the super yacht owned by Crown Equipment Corporation. Their headquarters are in a cool little village, New Breman,Ohio. Very interesting history of a small business started in the 1940s. It is still run by the family with branches worldwide. Thank you for the video.
Crown makes good stuff. I use their pallet jacks, nice and smooth!
As you're aware, high value assets, like yachts, are often owned through very complex financial structures (LLC's, trusts, various type of corporations). These are often "nested" into the financial equivalent of a matroshka doll. Multiple financial entities, often across multiple countries, in layers. While the supposed owner of this yacht may not be on sanctions list, I imagine that if he can't convince HMG that he is the true beneficial owner of the asset, HMG can impound it until such time as he can. Disclaimer: I don't know specifics of UK corporate law, AML, and KYC, but have some familiarity with general subject.
Liked the intro, great show as always, keep up the good work
This was most entertaining as well as educational. Keep up the good work. I never thought super yachts were so fascinating.
Great job ! Love the Chanel !!! From Ohio USA 🇺🇸 !
Phi is one of my favorites. She is absolutely gorgeous! Thanks for the update on her.
Back in the 80's, when our boat came onto the IYCA and plugged the leccy on, the whole of Antibes dimmed a bit
Great Report! Thanks;>))) Best, Glenn
Thanks for the calm walk around in London! I really enjoyed this format and the friendly, casual format of this video!
“Grand Ambition” by Bruce Knecht is a terrific book about the construction of a Superyacht by Trinity shipyard in Louisiana. It tells the story of everyone involved in its construction from the pipe fitter to the interior decorator to the owner who was a victim of a Ponzi scheme. A must-read for anyone watching this channel.
I love the changes in your site! And the '3-Minute Maritime' is brilliant! As ever - thanks so much!
GREAT tour of the London harbor, Thanks for sharing!
Great content as usual. Thanks for the Canary Wharf visuals, worked there in 2005/6. Was nice seeing it again.
Nice to get some of those practical details. Thanks for sharing 👍🏼
Great footage with such interesting information. Love your eye for detail like the lights left on. And fantastic location. So interesting to see this urban paradise.
Hello All Yachting Enthusiasts: Thank you sir for another great video. This video has a new twist as you have taking us on a dockside tour of London & the beautiful surroundings. 😍 Thank you again sir, TMP from N.J.
Best narrated and informative yacht vids on the net thank you
Very informative and interesting episode, eSysman. Kudos.
eSysman, you're the gift that keeps on giving. Godspeed in all your endeavors. As always, top-shelf content, production, quality and especially presentation. Cheers!
That blue yacht is beautiful. Thanks for the video and the info. Take care
THANKS ESYSMAN, FOR SHARING THIS TOUR OF CANARY WHARF 🤗… enjoying while I eat lunch 😋
PHI is so gorgeous
Great posting! Very informative without being invasive or judgmental to the yachts or owners. Thank you for the great work!
Hey eSysman SuperYachts!, good morning!!☕️☕️🍩🍩🍩 It looks like a beautiful morning there, in London!👍👍 Anyways enjoy the rest of your Sunday.🥞🥞🧇🥛🥓🍳
No PHI's owner should be able to claim his yacht & take it where he wants if he's not on any sanctions list. UK gov have no idea what they are doing in any area of governing! If they get sued by the owner of PHI it will be us, the UK residents that pay the fine & costs! I looked into bying a barge years ago, almost did but needed to do more research first. Then life happened & it never was. It would be lovely to live on the water, free roaming wherever you like. Great video thank you eSysman 😊
Me again.. Yeah, Wendy and I had a 70 footer barge. I think we're one of the few families that went from Birmingham to London - and back via Oxford with the kids a few years ago. Great summer!
first video I’ve seen of yours here, belter, nice to hear a fellow scouser on YT!! Keep the bits up lad is right
Yet again, another great video. Well composed and with lovely aerial shots. I'm surprised that the news channels don't use more of your media. How about asking the owner of Phi if he would like to give you a tour and an interview? I'd like to hear his point of view and it might help his case. His lawyers might be able to put you in contact with him.
If the owner of Phi, does indeed have Putins "ear", then he should be sanctioned, and his assets seized- Just like the son of an ex KGB agent, that Johnson made a life peer after his illegal trip to italy! (do your own research!)
Thank you for this great video!
I like your new haircut.
And I love your films about places I have visited myself before: Genoa, Savona, La Ciotat, Monaco, San Remo, Imperia, Livorno and - yes - Canary Wharf. Brings up nice memories as a visit in marinas and ports is a must for me. I always look out for the "mighty Kia" (or was it Hyundai?) 😁 Well done.
And if you admire people living on barges, you should give the canals around Amsterdam or throughout France a visit. It is very popular there.
Barge living looks intriguing!
Lovely job.
Phi was originally docked further up the doc and that is when the damaged happened. The damaged was quickly repaired and then they moved it to its current spot as they deemed it safer.
Gahlee that blue boat is insane
Great update and still stranded. The UK Government does indeed work in mysterious ways. Regarding the boat name, it can be pronounced several ways. Fee is one way but more likely Fie (as in die). Possibly the Greek letter representing the Golden ratio?
As a Greek, I can confirm eSysman pronounces it correctly ie "fee" - it is indeed how you pronounce the letter "Φ" in the greek alphabet, which is also indeed the symbol of the golden ratio
@@synagridas13 Many thanks.
Odd that this boat is not sanctioned yet can’t leave. It’s been a year since the war in Ukraine started so one would think that whoever decides who is to be sanctioned would have decided by now.
I knew they were SUPER yachts, but seriously, it's TRAPPED London. I'm impressed. :-)
Running 400+ Volts a couple of feet above the water looks a little bit sporty. Have the insulation cut somewhere and the line drop a few feet, and I wouldn't want to be swimming right beside it, not that I ever would be.
Yeah, I've watched some of the barge home videos, not for me I don't think, but kind of interesting. A few of them were actually quite nice inside, but they are pretty seriously cramped. Space wise, it would definitely qualify as a tiny home, I would guess. Also, you can change your address fairly easily, IIRC, as you said after I wrote this. Just pay a berth somewhere else. That's pretty cool.
I'm not convinced ANYBODY has much influence over Vlad POOTler,but if they are part of the govt mechanism they probably should be sanctioned. It's not like Svetlana secretary is going to own one of these. You can be fairly well certain that a lot of embezzlement has paid for those things. And Putin is the master of that, in the Russian sphere. It's pretty funny when you think about it, shooting himself in his own pointed head. He seems to be a master of that, too.
High voltage shore connections usually have a ground fault interruption guard. A bigger danger is ‘stray current leakages’ where there is a polarity difference in the grounding. It happens most often in cheap or poorly maintained Marinas.
I think David Gilmour (Pink Floyd) has a 'house barge/floating recording studio' in those parts. Now that would be a tour for the channel.
Abso-bloody-lutly
Hah I was wondering about Phi recently, this answers that one! I suspect they're holding it because it's valuable, it's in UK waters, and it's easier to detain it than it is to let it go and try to get it back later. There was *probably* some suspicion against the owner but as you say either they are having difficulty proving it, it's taking significant time to 'get all their ducks in a row' to have a watertight case *or* they don't have proper cause and are trying to find one. I suppose the last and least likely option is that they have identified the owner as a threat or risk in a way they do not wish to make public because it has some security implication if it is known. Regardless it is an odd one, and it does seem a little unfair that, as far as we know, the vessel is being detained without a true cause and due process.
It does seem most likely that they arrested it as a reactionary measure and are now looking to 'save face' and retroactively justify it since it would perhaps be embarrassing to admit there was no initial cause. I always find it unfortunate when governments or agencies do things that way arround, since in my view there is nothing wrong with acting first when they have the opportunity and then apologising later if it was uncalled for and unjustified, particularly where there will be no lasting harm after the fact. If it turns out Phi's owner really is 'clean' then it is a shame they did not just arrest the yacht, realise the mistake and then say "sorry we got this one wrong but we were acting out of an abundance of caution" that's a far better look in my eyes.
I'll wait until the situation is resolve to pass final judgement though, there are still quite a lot of unknowns so it's hard to take a strong position other than "I hope they do what's right and fair"
I believe that the British government has intelligence information justifying the seizure of the Phi. Presumably the owner could contest the seizure in a British court but doesn't because the British government has threatened to make the intelligence information public if he does so. So the yacht remains seized and the owner is complicit in the current situation. He values his public reputation more than temporary use of his boat.
I would guess the owner may have breached some currency regulations (e.g., unauthorized transfers) which they don’t want to disclose publicly (they don’t want to have to show how they got this information at this time) but which the owner can’t contest.
@@pagejackson1207 The way I look at it is for whatever reason, HMG has sanctioned it, even if the owner hasn't been placed on US or EU sanctions lists. Why that might be is a bit of a mystery, and one of the problems with the sanctions process. Like how lawful it really is to deny someone their property without a reasonable chance to appeal against the seizure. Not allowing this just seems to go against basic rights to a fair trial or justice. I think it's made more complicated if sanctioned individuals can't get legal representation because lawyers can't do business with sanctioned individuals. I have no idea who the owner is, but this must be racking up a lot of costs and potential compensation.
@@brolohalflemming7042 No doubt about the costs incurred but if the owner is a billionaire I assume that the costs are incidental.
I would be surprised if English law didn't encompass some due process protections against unlawful seizures. Also, in the U.S. attorneys are ethically required to take a certain number of "pro bono" cases - that is cases without pay. I would be very surprised if an barrister wouldn't take this as a "pro bono" case just for the publicity.
In this instance the most logical reason for the owner's failure to seek relief in the British courts is because he doesn't want certain information to become public.
It’s been a year, I know efficient government is an oxymoron
Only one thing to say about motor yacht Phi. Externally the design is slick, is absolutely beautiful to look at and the colour is to die for. For me probably the most appealing and perfectly proportioned yacht I have ever seen regardless of size.
Eco/Enigma is another one, especially when you take into consideration her build date
I think it looks like sh!te and will look dated very soon, the timelessness being the most important aspect of yacht design for me. Compared to that white beauty next to it it's just tacky looking.
Thanks for some more great content. My question is are you back in your home country for holiday or do you have to update your Passports / Seamanship paperwork? in any case hope you are well and have a great home visit. Thanks again for all your great content, my wife often listens to the Hi welcome back to the channel. intro, she knows I am quite at my leisure and tries hard not to interrupts me when she hears that. Lol. (:
Enjoyed seeing Canary Wharf. I have never heard of it but I would love to hear more.😊
My wife and I love the chanel ..
If you like the the canal boats you should interview the video bloggers who are live aboard crusers ie crusing alba, the narrowboat that James built , and many more ..their community is fascinating so much so that my wife and I will when we ditch the children commission a narrowboat and sail round the UK then into Europe...
@Nicky L thanks although a family friend in the 1960' s wrote a book about her trip across I woukd agree its a trip we would not take so we have a cunning plan to lift the boat to transport to Europe when of course we're ready
Interesting Vid, I think MY Phi is one of the nicest yachts you have featured. Love the colour, so much blanket white in the yacht world. Stay safe and enjoy your time in Blighty.
The white is a temperature control to help keep the yachts cooler in the summers.
I agree there is a lot of it used but it does actually serve a purpose other than aesthetics.
Great video thanks, I used to belong to the docklands fishing association, some of the yachts that used to moor up were simply mindblowing, how the other half live.
Great channel
Great to hear from the northern command center, and the latest storms snow packs, The San Luis reservoir near Los Bano’s ca. is near full, it was at its lowest level in several years prior to this year’s rainy season, I never seen that reservoir so low, but once again I’m happy that it’s near the overflow reservoir with lots more rain on the way, SoCal is seeing snow in places unheard of and the normal places are getting their fair share of snow.
Are you sure you’re on the right channel? This is about super yachts and sanctions and your’e talking about the weather in one of the 3 countries on Earth that still uses imperial measurement. Lol.
Superb production values on this one. And, to be fair, the values have been increasing over time - well done ! Maybe, one day, we will learning the reason for the "arrest"/"detained". Personally, I suspect some civil service lackey (or low level minister) was over-eager and now the powers that be cannot back down. Alternatively, they could be investigating money laundering etc. Well done on this video and all the others you do.
Seems like if the owner really wanted to leave he could bring a court case to be heard by a judge to force the government to show evidence why his boat is "detained". There has to be some reason why this hasn't been done.
I believe esysman has stated in earlier videos that there is s court case but the govt is slowing it down.
not if the government is braking the law because they decided they can !
UK/USA and most of the west is turning into USSR/CCP this is how they used to take other peoples stuff and gift them to them self or people they know !
No, for the simple reason the since 1st March 2022 the government has the power to impound any vessels or aircraft that are in any way connected to Russia.
Crown is in New Breman , Ohio only 18 miles from where I live. I worked in a cabinet shop and we did a lot of projects for Crown and the Dicke family for their homes. I didnt know Jim owned a Yacht, but its not surprising.
Love love love
Great channel 👏 👍 👌 🙌
Trinity has been in business for a while, mainly commercial boats. They started yachts then Hurricane Katrina hit and they moved to Mississippi. They build very nice custom built yachts.
Crescent Beach Yachts in Canada builds some pretty nice yachts in British Columbia. Since there;s so much "Howe Street Hooker" money in Vancouver it's got to go someplace. Jimmy Pattisons' yacht looks like a pair of wrap around sunglasses. Jimmys' a "ginger" and doesn't see too much sun, so not much of a need for deck!! Nice looking unique boat often near the Bayshore Inn in Vancouver Harbour. Lots of caribbean flag state boats in BC. oh, "Howe Street" is where the penny stock Vancouver Stock Exchange is located, hence the name.
Hi Mr Sysman thanks for your cool videos i used to live in london for over 22 years but now live in South Africa Not far from Cape Town if you ever need me to go check out something for you can easily get to Cape Town dock no problem hope you are doing well and thanks again for all the cool info we appreciate it!
That’s a lot of boat for 50 mil. Looks at least 3 times that.
Nice vid
Cool !!
I'm happy I got to tour this vessel before it left the warf and also happy that it was delivered to the customer before all the actions against the russians because that would really have sucked for the warf. Anyway: I hope it gets to move soon, just sad to see it just gathering dust there.
liked yhis one alot , thought the barges looked pretty nice
I love the Narrow Boats that cruise the Cuts in the UK. Would love to have one and live in the UK.
my goodness what a gorgeous yacht
Phi is a beautiful boat. Truly amazing.
Great !
Im not sure why this was recommended to me as I was not only born and raised in the desert but still live in the desert, haha! But it was very interesting so I'm here to stay I guess! Subbed.
beautiful area -
Nice footage, would they have to pay to berth there and if so how would they do it
Never thought I’d see a local connection on this channel; Crown and Dicke’s Ohio home are about 15 minutes down the road from where I work.
Stumbles across this yacht a couple weeks ago by pure accident. It’s a beauty. Don’t know how I’ve somehow stumbled across a video on it as well now
me too!
How bizzare. I was on the same dock on Saturday. We must have just missed you.
There may be bigger or more expensive but for me Royal Huisman is a nice as it gets. This is my favorite motor powered yacht in the world.
The boat is really lovely looking and looks like she's moving or in movement styling
I hope we have someone here is able to "correct" all the facts given👌😘 . 🤣🤣
Great update 2x👍
living on a boathouse in London is EXPENSIVE. Mooring fees are £10k+/year in most central locations. Add to it the fact that you have to pay to get your sewage removed as well, regular maintenance, a premium on electricity and no option for gas heating... In many cases it works out cheaper and more comfortable to get an apartment.
Is the blue paint faded in places or is that how it is supposed to look? Love your videos. Never miss one. Thank you for sharing a part of the world I’ll never see.
You do get around cool video
Phi is a beautiful boat, but I don't feel bad that it has been seized.
It's hard to comment when the government makes a decision about the property of the Mega Wealthy.... I must decline . However, this is such an inciteful channel. I follow along all the time!🎩🇺🇸🎩
Did you mean insightful?
Good video! I think the UK government wanted to look like they were doing something and acted to soon in arresting PHI. Now they don't know how to get out of the situation. The yacht's owner is going to have plenty of grounds to sue. He might just get a new boat out of it.
its registered in Caribbean to host of shell companies, but flies a Maltese flag.
@@firstlast-ml8di The British Government has no such protections. So any and all of the 'Shell' companies can sue the Crown and any government agencies involved.
Phi is beautifuloe eye candy. And maybe that is enough reason. Really like the barge houses.
I thought this was going to be a Jago Hazard cross over at the beginning! 😂
I don’t see how anyone can pass judgement on the arrest of Fie without knowing the facts about the reason for the arrest. Even though the owner has not been placed on any sanction list, it’s possible that while investigating the owner that some other illegality was discovered. Of course it’s possible that the UK found some lame excuse to arrest the vessel and used it just because the owner is Russian. The bottom line is that we don’t know.
"just because the owner is Russian" this is the truth and from what i have seen Brits hate Russians !
they hate people soon as they find out that someone is Russian (have experience in hotel side)
@@TheCashman007 what you say may very well be true. The Brits are no more immune to ethnic hatred than any other country. But without the absolute facts of the issue, we cannot say for sure.
I have mo doubt that there is a great deal of blatant prejudice towards all things Russian in the hospitality industry. There would be few countries that do not exhibit this behavior at this point. Still, we don’t have all the facts here.
@@katiedotson704 Yes, i agree with you !
but this thing is getting somewhat creepy when they are now doing it in a Gov level
also from what i can find out all the rich people who are not from the west are puling money out of west /SWIFT
a lot of businesses from the yachting side may go down with it !
all do to this "9 year old" anger !
@@TheCashman007 While I have little concern for the yacht owners as individuals, I do understand that it is upon their shoulders that the yachting rides. When businesses falter the entire employee base suffers. Most of the employees are specialized to some degree or another and finding employment outside the industry they have dedicated their education and dedication to is making it so difficult for thousands of people we will never hear about.
You are 100% correct that this entire mess can be traced back to a little man with the emotional IQ of a 9 year old. But the entire Russian population needs to accept their part as they have chosen to listen to this Mad Man.
I have listened to a number of Russian POWs being interviewed by some Ukrainian journalists. The initial questions were very basic, name, home region, military history, etc. Followed by when and where they entered Ukraine and how they were captured. Then they were asked about their opinion of the war, if it was justified, was it a special operation or a war. Opinions varied and many had been told that the Ukrainian people would welcome them. But the real eye opener were the majority that said they do not vote as they know nothing of politics. Several just shrugged and said Putin is their leader so what can they do? Over and over I heard them say, “I just want to go home and live my life.”
It appears that they people of Russia just want someone to look after the country, make all the decisions, and not involve the citizens. These people are too damn lazy to think and participate in what is happening in their own country. They have exactly what they deserve. Unfortunately the mess they have helped to create has been foisted upon the rest of the world.
Phi is one of the sexiest yachts ever.
Reef chief has been in Canary Wharf for a few months. I messaged you when it first appeared. Keep up the good reports.
I remember when Your favourite yacht Octopus was there in 2012 for the London Olympic . I went down there and took a few photon of her
Great way of having your house in different cities.
Aren't the smaller lived in boats called "Narrow Boats?' designed narrow so two can pass each other in the canals they operate in. Not good for open water, roll rate is incredible! I always find your videos fascinating.
And aren't most "conversions" to live aboards in canals any way? Not really designed for anything but canals. There's a sailboat for open water called a "Westsail 32" and it's a great live aboard as it's so beamy. But we all call them "Wet Sail" 32's as the waves come over the transom when under blue water cruise!!! (Nevertheless, a great boat for decades).
Difficult to judge the beam (width) off these "house boats" but they seem larger than UK narrow boats. More like ones I have heard refers to as "Dutch barges", some of which I believe would cross the English Channel in good weather (apologies to any French people reading this).
There are lots of full size barge conversions in Canary Wharf, not so many narrow boats. One outside my office sold a few years ago for £950,000, no idea what the annual mooring charge is, won't be cheap.
Possibly a Dutch barge, narrow boats are narrow.
They are similar to narrowboats but called Widebeam for obvious reasons. They can be between 10 and 12ft wide, as opposed to a narrowboat which is max 7ft. The widebeams can access less of the Uk canal system due to their width (or beam).
I would love to see a tour of that super barge behind you at the end of the video.
What a stunning piece of kit PHI is, that would do for me
It strikes me there must be something else going on here. As an influential man, he could quite easily have challenged the arrest in court, but the only action he's apparently tried to bring is against Grant Shapps for calling him an oligarch! That was last August and I can't find anything (after a quick look only) about the actual court case, if it's happened yet of course. It implies there may be reasons we're not aware of, which may come out if he issues a legal challenge. If so, he may actually get himself added to the sanctions lists, so keeping it as quiet as possible may well be in his interests?
That is one of those questions that makes you say that the UK government should not hold it. Only because most of us (ME) conservative distrust any liberal Government.
But then the UK government must have a valid reason that we are not privileged to.
It is a conservative that are in power in the UK. Liberal government = Conservatives in the U.K
What do you think the mooring fees are for those barges? I wonder how that compares to living in one of the apartments/condos nearby.
Also do you think that first one you were standing by has multiple tenants? Like a mini apartment barge.
When I worked in England for a year I saw a few river barges. Some commercial but most were private live-aboard or vacation rentals. Got to go on one in Stratford-upon-Avon and fell in love with the things. Anyway, PHI is a beautiful yacht in design and color and I'd enjoy an inside tour. Seems to me this owner is getting a raw deal from the UK Government (HMG). I have to wonder if the city or HMG is paying the fees and utilities, expecting to back-bill the owner. It is a shame really, the whole situation with that yacht after all this time.
Phi looks a lot bigger in your drone shots than when I walk past the boat.
Suddenly I want to know all about downtown London barge living👍.
Because London is a great city 🇬🇧❤️❤️❤️
Nice Chief Keef reference😂😂💀
nice walk