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Imperial’s Julia Stewart looks at the big picture

• April 8, 2021

The Director of Imperial explains how the Monaco-headquartered company has risen to manage some of the globe’s most spectacular superyachts and work so closely with many of the world’s leading builders.

Julia Stewart, Director of Imperial

Can you paint an overview of Imperial and how it has become associated with so many of the biggest superyacht projects?

We believe in a detail-orientated approach as we are handling legendary superyachts. We leave nothing to chance and supervise every detail. Our yachts are very popular choices for charter because of high service standards, safety without compromises and perfect technical condition.

Our Monaco office is the heart of our activity and we also have offices located at leading shipyards in Germany, Netherlands and Italy to supervise new builds and refits on a day-to-day basis to protect owners’ interests. We have large new build and operational teams managing over 1,000 crew members worldwide. In addition, we have skilled HR and in-house legal teams.

How has Imperial’s business changed in the last few years as you’ve become known for working with some of the world’s biggest new superyachts?

We have sold more new-build projects and are currently supervising constructions at major European yards. Imperial is doing more hulls in the 100m-plus segment because we have proven management expertise and the specialist knowledge to control budgets as well as deliver the best result for the owners.

Imperial is the exclusive charter agent for the 136m Flying Fox, built by Lürssen; © Imperial Yachts (Photo: Guillaume Plisson)

Our delivered yachts speak for themselves. Imperial supervised construction and are Exclusive Central Charter Agents for Lana (Benetti 107m) and Flying Fox (Lürssen 136m). Furthermore, we are also experts in new construction such as Amadea (Lürssen 106.1m).

How would you rank the value of your various business divisions?

Imperial does not rely on one area of business, yet we have a firm core foundation based on the supervision of new builds and management, as well as strong sales and charter departments.

What are some of the projects that have elevated Imperial in term of recognition and earned the respect of your competitors?

Imperial respects the success of all brokerage firms as we believe healthy competition inspires us to do our best, not simply ‘good enough’. Imperial is unique because we have delivered more new build projects than any other brokerage house in the past decade.

Friedrich Lürssen, Imperial CEO Evgeniy Kochman, Julia Stewart and Peter Lürssen

We have technical, operational and interior managers that follow a meticulous management style. Our success stands out among the industry, with vessels such as Flying Fox , Lana , RoMEA (Abeking & Rasmussen 81.8m) and Lili (Amels 55m) creating a new standard of charter. Imperial is the owner’s representative and supervisor for operational, technical and interior aspects.

Imperial is smaller than some other companies in your sector. Would you like to scale up in terms of staffing and offices?

We utilise a different strategy as we have less sales offices but more on-site offices at major German, Dutch and Italian shipyards. Imperial supervises the new construction from these offices and therefore has real-time updates and can facilitate the owner’s requests right away.

Having all hands on deck is a real strength of ours. With the development of Covid-19, it became even more evident that we do not need many sales offices to succeed but we must have substance and a strong operational core.

Flying Fox features exterior styling by Monaco-based Espen Øino; © Imperial Yachts (Photo: Guillaume Plisson)

Which builders have you worked with most often in new builds?

Imperial has had the privilege to work with pioneers among the leading European shipyards. We have learnt from each other and share the same qualities of being detail-orientated, as well as to always protect the owner’s interest. In close collaboration with these shipyards, we have set high expectations and standards with the yards we choose to work with in the future.

Can you tell us about Imperial’s role as owner’s representative and build supervisor for the 120m Project Signature with Amels/Damen?

Imperial has a long-standing relationship with Amels/Damen as together we have built over 10 successful hulls over the past years. We have huge respect for the leaders of the Damen family and high regard as to how they support their clients with warranty and assistance. We firmly believe that Amels/Damen was the right shipyard for this ingenious vessel. Project Signature will raise the bar for design complexity within the yachting industry.

Imperial is the owner’s representative and build supervisor for the 120m Project Signature designed by Espen Øino

Project Signature will be a ‘green’ superyacht prepared for the Lloyd’s Register of Shipping EP (Environment Protection) notation, powered by diesel-electric engines and Azipod propulsion. Do you notice more owners showing more interest in the environment?

As a result of constructing larger vessels, future owners will continue to seek out new destinations and new platforms for adventure. With a shift in demographic, younger clients are looking for more experience-led activities through unique itineraries and on-board amenities. Wanderlust also comes with a desire to be environmentally conscious.

Our oceans, marine life and the surrounding shores are under threat. Today, the industry is more in tune with the climate change and clients request or are open to innovative engineering solutions or sustainable yacht designs with the end goal of reducing their yachting footprint.

Imperial is the exclusive central charter agent for Lana, the 107m Benetti build delivered in 2020; © Imperial Yachts (Photo: Breed Media)

Can you tell us anything about other upcoming builds that Imperial are involved in?

Imperial is dedicated to the protection of our client’s confidentiality. Imperial can confirm we have major new construction projects at leading German, Dutch and Italian shipyards. All I can say is, stay tuned!

Espen Øino designed Project Signature, Flying Fox and many other builds Imperial has worked on. Why does the company have such a special relationship with him?

Imperial is a Monaco-based company and is proud to have Monaco as part of its company heritage. We firmly believe in supporting the local economy and working with local talent. Espen Øino is the man behind some of the most iconic superyachts. He has an extraordinary talent and is effectively in sync with Imperial.

Building a superyacht to fit your needs is an exciting experience. The first footstep to constructing a new vessel is to find the right designer who understands your requirements. Espen’s success is how he manages expectations, establishes priorities and finds the balance between each space on board. In partnership with Espen Øino, Imperial has delivered many recognisable superyachts such as Amadea and Flying Fox .

The 106.1m Amadea, designed by Espen Øino and built by Lürssen, is exclusively listed for sale with Imperial; © Imperial Yachts (Photo: Guillaume Plisson)

How has Covid changed your business and impacted the different sectors of your business?

Covid-19 has been a major challenge for everybody. Nobody is exempt. We were the first management company to do mass testing for all crew on a regular basis to ensure the safety of guests and crew. Imperial developed Covid-19 prevention measures for the managed fleet. Given the high standards of safety on board the managed fleet, all charter yachts managed by Imperial are in high demand.

With the closure of many destination retreats, Imperial has found the perfect answer for those who are seeking a place to detach and improve their wellbeing while being in a clinically clean environment.

The wellness centres on board Flying Fox and Lana incorporate all aspects of personal wellness, using both a holistic and scientific approach. Imperial’s charter team has carefully selected safe destinations to charter where guests can choose how much interaction they want with life on land while adhering to local Covid regulations.

Overall, what do you think are the biggest challenges to the superyacht industry?

Indeed, the global recession presents new complexities to the superyacht industry. In our opinion, true professionals that are meticulous in advancing in operational and new build management will prevail. Overall, the quality and expertise of the industry will gradually improve.

What more should the superyacht industry be doing to make the yachts and their operations more environmentally friendly?

Technological advances in design and build of superyachts has helped bring more sustainable solutions on board. More money and time are being spent on building greener vessels to lessen their impact on the marine environment. This is encouraging and demonstrates that technology can help. Imperial is providing its support by partnering with Blue Marine Foundation (BLUE) and joining the Blue Marine Yacht Club (BMYC) to help save and protect our ocean.

Prince Albert (centre) attended BLUE’S BMYC event on Amadea at the 2019 Monaco Yacht Show

BLUE’S BMYC private event on board Amadea in 2019, kindly supported by Imperial and Lürssen, was the most successful BMYC event that BLUE has held to date. The event was extremely well attended with BMYC supporters and new supporters from the industry. A large sum of money was raised that night including a very large donation by Imperial.

The evening marked a turning point in financial support for many of BLUE’s projects, especially its work in the UK Overseas Territories and Ascension Island.

What are the biggest opportunities for growth in the superyacht sector in the coming years?

We live in a world where the only constant thing is change. Developments in technology allow the ability to innovative and enhance just about any sector. The yachting industry is no exception. At Imperial, ‘Luxury Yachting 360 degrees’ is not just our company motto, it is what sets us apart. We provide a full-spectrum approach from initial concept, finance, design and construction to management, charter, maintenance and marketing.

‘Luxury Yachting 360 degrees’ is Imperial’s motto

What are your plans for the coming years?

Imperial has changed the future of yachting by delivering some of the most advanced superyachts. Imperial orchestrates the relationship between client, designer and shipyard, so we will continue with our proactive and inspired approach to superyachts delivered and currently in construction.

We push boundaries with the future in mind. We have a detail-orientated approach in everything we do including new build supervision at major yards, operational and technical management, and a very successful charter operation. www.imperial-yachts.com

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The Middlemen at the Heart of an Oligarch-Industrial Complex

They oversee the flow of billions of dollars from Putin-connected Russians to companies involved in superyachts and villas. They’ve drawn the attention of a U.S. task force.

Credit... Balint Porneczi/Bloomberg

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By Michael Forsythe ,  Gaia Pianigiani and Julian E. Barnes

• June 1, 2022

On Feb. 24, as Russian troops poured into Ukraine on Day 1 of the invasion, an employee of a yacht management company sent an email to the captain of the Amadea, a $325 million superyacht: “Importance: High.”

The family of a Russian oligarch under sanctions had spent much of January and February cruising from island to island in the Caribbean and had some questions and concerns. When would be a good time to visit New Zealand? Bali? Could the yacht get a special boat to pull water skiers? And would the staff of the Amadea please stop folding napkins in triangles? “Guests don’t like it,” wrote the employee, Victoria Pastukhova, a “client coordinator” for the company, Imperial Yachts.

At Imperial Yachts, no detail is too small to sweat. Based in Monaco, with a staff of about 100 — plus 1,200 to 1,500 crew members aboard yachts — the company caters to oligarchs whose fortunes turn on the decisions of President Vladimir V. Putin. Imperial Yachts and its Moscow-born founder, Evgeniy Kochman, have prospered by fulfilling their clients’ desires to own massive luxury ships.

For a Russian with hundreds of millions of dollars to spend, Mr. Kochman’s company takes care of everything: It oversees construction, hires the crew, manages the vessel’s day-to-day operation and can charter the ship or sell it, if need be. Another company also run by Mr. Kochman, BLD Management , performs a similar service for villas.

Imperial’s rise has benefited an array of businesses across Europe, including German shipbuilders, Italian carpenters, French interior design firms and Spanish marinas , which together employ thousands of people. Imperial Yachts is at the center of what is essentially an oligarch-industrial complex, overseeing the flow of billions of dollars from politically connected Russians to that network of companies, according to interviews, court documents and intelligence reports.

Imperial Yachts and BLD are now under scrutiny by a U.S. government task force, called KleptoCapture, that is trying to disrupt the Russian war machine by going after the assets of oligarchs tied to Mr. Putin. After some high-profile raids and seizures, the Americans are focusing on the network of enablers working outside of Russia. Investigators from the F.B.I., the Treasury and several intelligence agencies are gathering evidence showing that businesses and individuals knowingly aided Russians under sanctions whose wealth came through corruption, making them vulnerable to U.S. charges.

Andrew Adams, a federal prosecutor leading the task force, said in an interview that “targeting people who make their living by providing a means for money laundering is a key priority.”

Documents obtained from the Amadea by U.S. officials show the role Imperial Yachts plays in managing the myriad requests of stunningly rich, seaborne Russians. The Amadea is now in Fiji, where American officials are fighting a court battle to take possession of the yacht. Mr. Adams said that Russian superyachts that don’t find a buyer may be sold to salvagers for their pricey fittings: gold-plated bathroom fixtures , marble, inlaid floors made of rare wood.

In pursuing the enablers, American and European investigators have confronted a deliberately confusing ownership structure involving daisy chains of shell companies stretching from the Marshall Islands to Switzerland. Along with the Amadea, Imperial Yachts oversaw the construction of the Scheherazade, a $700 million superyacht that U.S. officials say is linked to Mr. Putin, and the Crescent, which the Spanish police believe is owned by Igor Sechin, chairman of the state-owned oil giant Rosneft.

A secret U.S. intelligence assessment concluded that the money to build the ships came from a group of investors led by Gennady Timchenko, a confidant of Mr. Putin and one of Russia’s richest men, who, like Mr. Sechin, has been under U.S. sanctions since 2014. Mr. Timchenko and his partners designed the Scheherazade — seized in early May by the Italian police — as a gift for Mr. Putin’s use, according to the assessment. Together, the three vessels may have cost as much as $1.6 billion, enough to buy six new frigates for the Russian navy.

Simon Clark, a lawyer for Imperial Yachts, said that the company “is unaware of any connection between our business and Mr. Timchenko. However, we are in the yacht-building business; we are not involved in our clients’ financial affairs.” Mr. Clark added that the company has “never conducted business or provided services to any parties subject to international sanctions.”

But U.S. officials are not buying such explanations. Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the Treasury Department, said it was the responsibility of people in the yacht services industry to avoid doing business with people under sanctions.

“And if you do,” she said, “you yourself will be subject to sanctions.”

Courting Russia’s Wealthiest

Mr. Kochman, 41, got his start in the yacht business in Russia in 2001, the year after Mr. Putin took power, selling Italian-made yachts . Russia had been through a decade of turmoil after the collapse of the Soviet Union, and many of today’s oligarchs had yet to amass their billions. But Mr. Kochman, then just 20 years old, had plenty of millionaires to court.

As some well-connected Russians joined the ranks of the world’s wealthiest people and began to buy up villas on the French and Italian Rivieras, Mr. Kochman moved to Monaco. Instead of selling mere yachts, often made on a production line, Mr. Kochman and his sister, Julia Stewart, now 46, entered into the world of superyachts, custom-made vessels of about 100 feet or longer. “We grow with our clients like parents with babies,” he said in 2016 in a rare interview .

Company records in Monaco show that Imperial Yachts was set up in 2008. The business also registered that year in the secrecy haven of Jersey in the English Channel.

But Mr. Kochman was still spending a lot of time in Moscow. That year he attended an exhibition for the ultrawealthy, with one of his British-built yachts on display. “We buy your yachts and you buy our gas,” Mr. Kochman told a Guardian reporter. Soon, his business took off.

Rich Russians and Persian Gulf royalty now dominate the ranks of owners of the world’s most extravagant superyachts, which can cost up to $75 million a year to operate . Since 2010, 17 superyachts 400 feet or longer have been delivered; all are owned by Russians or members of the Gulf monarchies.

In about 2014, Imperial Yachts landed its biggest project to date, a 349-foot superyacht to be constructed by Lürssen, a German shipbuilder: This would become the Amadea. Its Russian owner was sparing no expense, with hand-painted Michelangelo-style clouds above the dining table, a lobster tank, a fire pit and, at the bow, a five-ton stainless-steel Art Deco albatross figurehead . Nick Flashman, a former yacht captain who had joined Imperial, oversaw the project. Zuretti, a French firm, did the interior design.

Sébastien Gey, the director at Zuretti, said in an interview that the yacht’s owner — whom he declined to name because of nondisclosure agreements — was deeply involved in its design and construction, making frequent visits as the ship was built and outfitted. It was delivered in 2017.

But even before it was finished, the owner had Lürssen build another, larger superyacht, the Crescent, delivered in 2018, followed by the even bigger 459-foot Scheherazade, which went into service in 2020. Most of the planning and details for those two vessels were left to Mr. Kochman, recalled Mr. Gey.

That, Mr. Flashman said, was not unusual. “The client may be fully immersed in the project, he might not be,” he said in a phone interview. “I channel everything through Mr. Kochman.”

While Imperial Yachts oversees the projects, Lürssen, based in Bremen, receives payments directly from yacht owners, a company spokesman said. Lürssen is following “all sanctions and associated laws,” he added.

“We are not currently working with anyone on the sanctions list and we have shared all requested information with the authorities, with whom we continue to work,” the spokesman said in an email.

Mr. Gey, from the French design firm, said it does not work with people under sanctions.

The owner of all three vessels — at least on paper — was Eduard Khudainatov, a onetime pig breeder who is a protégé of Mr. Sechin, according to interviews with two people with direct knowledge of his role. Documents filed in a Fiji court show Mr. Khudainatov’s ownership of two of them. He was president of Rosneft when Mr. Sechin served as deputy prime minister. After stepping down from that post in 2013, he began buying up oil companies.

In 2020 Proekt, an independent Russian media outlet, citing an unnamed acquaintance, described him as a compliant and agreeable lieutenant: “Khudainatov knew how to give the impression of a simpleton, which is why he managed to please many bosses and make a career.”

Mr. Khudainatov, 61, had another appealing quality: Unlike Mr. Sechin or Mr. Timchenko, he was not under any sanctions.

But according to U.S. investigators, Imperial Yachts brokered the sale of the Amadea late last year to Suleiman Kerimov, a Russian government official and billionaire investor who has been on the U.S. sanctions list since 2018. He was among a group of seven oligarchs who the American officials said “benefit from the Putin regime and play a key role in advancing Russia’s malign activities.”

Showing that he was the new owner was key in what so far appears to be a successful effort by U.S. officials to persuade a Fijian court that the Amadea could be seized. The ship may leave this week. But in arguing its case, the U.S. investigators lacked official documents showing that Mr. Kerimov was the owner. Feizal Haniff, a lawyer in Fiji, disputed the U.S. claims, saying that Mr. Khudainatov remains the owner of the Amadea, controlling it through an offshore company.

In an affidavit, Timothy J. Bergen, special agent for the Federal Bureau of Investigation, said that Mr. Khudainatov, who doesn’t appear on lists of Russia’s richest people, was a “clean, unsanctioned straw owner” of the Amadea and the Scheherazade. Mr. Bergen said that Imperial Yachts, referred to as “Company A” in his affidavit, “has a practice of concealing yacht ownership behind nested shell companies” and using stand-ins like Mr. Khudainatov “in order to conceal the true beneficial owner.”

Mr. Clark, the lawyer for Imperial Yachts, said the company “would never knowingly create structures to hide or conceal ownership, nor would we knowingly broker deals to sanctioned individuals.”

Mr. Khudainatov, Mr. Timchenko and Mr. Kerimov didn’t return emails and phone calls seeking comment.

One thing is clear, according to the U.S. task force: Members of Mr. Kerimov’s family were on board the Amadea earlier this year, based on investigators’ interviews with crew members, reviews of emails between the ship and Imperial, and other documents from the superyacht including copies of passports.

On Jan. 21, Mr. Gey, the French designer, received an email from the captain of the Amadea. G2 — Imperial’s code name for Firuza Kerimova, Mr. Kerimov’s wife, according to the affidavit from the F.B.I. agent — was unhappy with the design of the electrical sockets in the guest bathrooms. They were in the cupboards, inconveniencing the family on their Caribbean tour.

The captain had been told of the request by Ms. Pastukhova, the Imperial client coordinator. Mr. Gey booked a flight and a hotel in St. Barts.

A few days later, Imperial Yachts signed off on another request. “Mr. Kochman has granted permission to sail to Antigua,” Ms. Pastukhova wrote to Ms. Kerimova. Mr. Kochman’s approval was also needed for a new onboard pizza oven.

“He wants to have an eye on everything, everything, everything,” Mr. Gey said.

An Italian Downton Abbey

With its colorful homes aging gracefully in the Mediterranean sun, and its harbor holding dinghies in neat rows, Portofino is the archetypal Italian seaside village. Strict conservation laws, in place since the rule of Benito Mussolini, are meant to ensure that it stays that way.

Portofino is a playground of the rich. Superyachts clutter the coast. Last month, Kourtney Kardashian was married there. And these days, a massive construction crane looms over the village, dominating the skyline.

Beneath the crane is Villa Altachiara, a 30-room mansion built in the late 19th century by a British earl. His son, the fifth Earl of Carnarvon, sponsored the expedition that discovered the pharaoh Tutankhamun’s tomb in 1922. Some locals believe the villa is cursed. In 2001, its owner, an Italian countess, fell to her death from the steep hill leading to the sea, her body washing up in France.

The name Altachiara is an Italian translation of Highclere , the palatial Carnarvon estate in Hampshire where “Downton Abbey” was filmed.

When the villa, complete with a helipad, a pool and an eight-acre park, was sold in 2015, everyone in Portofino soon knew who the new proprietor was. “Villa Altachiara will speak Russian,” read a headline in the Genoa newspaper. The owner, the paper reported, was Eduard Khudainatov.

The cast of characters restoring Villa Altachiara to its former glory is familiar. Mr. Kochman’s BLD Management is supervising the project. Mr. Gey is helping to oversee the local and international artisans restoring the interior of the mansion. Yachtline 1618 , an Italian high-end carpentry company that has worked on Imperial Yachts projects, is also involved.

It has been seven years since the purchase, and construction was underway this winter, but the work stopped and the crews left at about the time of the Russian incursion into Ukraine, several local residents said. The towering crane remains, along with some green nets meant to help restore the erosion-preventing terracing.

Locals have never seen Mr. Khudainatov. Mariangela Canale, owner of the town’s 111-year-old bakery, said she was worried that Portofino would become a place where the homes were mere investments, owned by wealthy people who rarely visited, and the community would lose its soul. “Even the richest residents have always come for a chat or to buy my focaccia bread with their children, or have dinner in the piazza,” she said. “They live with us.”

Company records indicate that Mr. Kochman got into the villa business years after his yacht business was flourishing. BLD Management was set up in Jersey in 2016 through Fiduchi Group , the same offshore corporate services firm that registered Imperial Yachts. Mr. Kochman owns 5 percent of each company; the rest is hidden by a company called Fiduchi Trustees Limited. Both Mr. Kochman and Fiduchi declined to comment on the shareholding.

Much of BLD’s business is in Russia, especially around the Moscow area where it builds dachas for wealthy Russians, often with interior designs by Zuretti and carpentry by Yachtline 1618. BLD’s website lists a Moscow address and is in English and Russian.

But the idea is the same as with Imperial Yachts: work in total secrecy.

“Everything is under very strict nondisclosure agreements,” Mr. Gey said. “It’s a standard in the industry.”

He added, “It’s not like there is something to hide.”

Ivan Nechepurenko contributed reporting.

Michael Forsythe is a reporter on the investigations team. He was previously a correspondent in Hong Kong, covering the intersection of money and politics in China. He has also worked at Bloomberg News and is a United States Navy veteran. More about Michael Forsythe

Gaia Pianigiani is a reporter based in Italy for The New York Times.  More about Gaia Pianigiani

Julian E. Barnes is a national security reporter based in Washington, covering the intelligence agencies. Before joining The Times in 2018, he wrote about security matters for The Wall Street Journal. More about Julian E. Barnes

Our Coverage of the War in Ukraine

News and Analysis

A day after securing a new term in a rubber-stamp presidential election, President Vladimir Putin of Russia said he would not back down in Russia’s war against Ukraine .

With additional American aid still in doubt, Lloyd Austin, the U.S. defense secretary, called for “creative, adaptable and sustainable ways” to continue arming Ukraine  and praised European allies who were trying to bolster Kyiv’s military.

Ukraine fired a volley of exploding drones  at Moscow and other targets on the final day of Russia’s presidential vote, the local authorities said, continuing a flurry of attacks timed for the election .

Elaborate Tales: As the Ukraine war grinds on, the Kremlin has created increasingly complex fabrications online  to discredit Ukraine’s leader, Volodymyr Zelensky, and undermine the country’s support in the West.

Targeting Russia’s Oil Industry: With its army short of ammunition and troops to break the deadlock on the battlefield, Kyiv has increasingly taken the fight beyond the Ukrainian border, attacking oil infrastructure deep in Russian territory .

Electronic Warfare: Drones have become a critical weapon for both Russia and Ukraine. But Moscow’s capability to overpower Ukrainian signals  by broadcasting on the same frequencies at higher power is putting Kyiv at a disadvantage.

How We Verify Our Reporting

Our team of visual journalists analyzes satellite images, photographs , videos and radio transmissions  to independently confirm troop movements and other details.

We monitor and authenticate reports on social media, corroborating these with eyewitness accounts and interviews. Read more about our reporting efforts .

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Imperial Yachts

At Imperial, Luxury Yachting 360° is not just our company motto. It is the guiding principle behind a full-spectrum approach to all things marine. It is to make your yachting experience better. This cannot be achieved with quality products alone. It requires a comprehensive, 360-degree service, from initial concept, finance, design and construction, to management, charter, maintenance and marketing.

It requires teams of experienced specialists operating with patience, discretion and attention to meticulous detail. It requires an integrated, through-life package that adapts as your ambitions develop. While the Imperial main office is located in Monaco, the heart of the super yacht industry, we have been deeply involved in some of the main new build projects of the past ten years, and we are currently managing some of the most impressive future projects, soon to be among the super star launches of this decade.

At Imperial we understand your vessel is like no other; it is your own bespoke and beloved project. This is no more evident than when you decide to sell. Imperial has been involved in many of the recent major sales of the super yacht industry: BEL ABRI (Amels 52m), EVENT (Amels 60m), ARKLEY (Lurssen 60m), FLYING FOX (Nobiskrug 73m) or RoMEA (Abeking & Rasmussen 82m) as some or our major achievements. Our experience and clear understanding of the super yacht market evolution will be your main guide through the sales process.

Imperial’s handpicked, multilingual charter and operational teams manage a fleet of the world’s finest yachts, crewed by the industry’s most experienced professionals, and deployed among some of the planet’s most seductive cruising grounds. Imperial doesn’t just match your needs to the right yacht, however, but we also match you with exclusive destination and cruising itineraries. Our team also inspects the yacht, negotiates the best terms, assists with embarkation, and provides continual support throughout your charter. Our team can even attend to the vital logistics of your shore-based experience – from restaurant reservations and nightclub bookings, to obtaining the best tickets for concerts and sporting events, as well as exclusive transfers by jet, helicopter or luxury car. At Imperial, your ‘Off-the-Yacht’ pleasures are an integrated part of the Luxury Yachting 360° experience.

LUXURY YACHTING 360° – it’s what sets Imperial apart

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Monaco yachting company at centre of Putin yacht reports

Posted by Ian Brodie, Editor-in-Chief | Mar 23, 2022 | Yachting & Aviation

A yacht management and brokerage company with headquarters in Monaco has been thrown into the spotlight as speculation grows over the ownership of the  Scheherazade , currently moored in Italy and reputed to belong to Russian dictator Vladimir Putin.

Officially, Scheherazade’s registered owner is Bielor Assets Ltd, a company registered in the Marshall Islands, and the boat is flagged in the Cayman Islands. Neither jurisdiction is renowned for its transparency.

The yacht management company, Imperial Yachts, whose CEO is Evgeniy Kochmam, started out in 2005 and was first established in Moscow before opening a base in Monaco, at Ermanno Palace, 27 blvd. Albert 1.

Putin’s purported super yacht  Scheherazade was constructed by the German firm Lürssen under Imperial Yachts’ management. A spokesman for Imperial told the UK’s Daily Mail that the company is not operationally responsible for the Scheherazade, but only supervised construction.

“As a company we comply with all applicable relevant law and regulation in all jurisdictions in which the company operates,” a spokesman said in a statement to the daily.

According to Reuters, Imperial Yachts managed the Amore Vero, the yacht belonging to Russian oligarch and Putin ally Igor Sechin that was seized three weeks ago near Marseille. An industry source told MailOnline that “ninety percent of the Russians have Imperial manage their boats.” 

Imperial’s website states: “Our dedicated in-house Crew Administration department also takes care of all administrative tasks required to manage the employment of the seafarer. Imperial manages over 800 crew members on a daily basis and retains a 98% satisfaction rate.”

Meanwhile, there have been reliable reports that the mostly Russian crew of Scheherazade have left the ship and the replacement crew is entirely British. The boat’s British captain, Guy Bennett-Pearce, has said that he is sworn to secrecy about who owns the vessel, which accommodates 18 guests with a crew of 40. Among its other features are two helipads, a swimming pool, and a hospital suite.

PHOTO: Scheherazade boasts a long table

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Introducing Riela Yachts Monaco!

A new era of riela.

Robert Tobin and Mitch LaBrie are pleased to announce the merge of CUBE Yacht Management with Riela Yachts , giving way to a new wave of candid superyacht management services in Monaco. The Riela Yachts Monaco office is built from a dedicated and experienced team who have been working together for 10+ years from Monaco, providing services across the globe. Read our recent announcement of the change by  clicking here .

Born from a long-standing career in the maritime industry, Riela Yachts Monaco is a ‘New’ company focused solely on yacht management. ‘New’ does not mean inexperienced: in fact, Riela Yachts Monaco’s origin and current fleet of yachts derives from past loyal clients allowing us to set sail on our own adventure with Team Riela.

Founded by Mitch LaBrie, Riela Yachts Monaco are dedicated to ensuring that your yacht is impeccably managed, allowing you to enjoy every moment on the water with peace-of-mind. By focusing on bespoke service provision, we strive to exceed your expectations and provide you with an exceptional yachting experience.

Meet Our Monaco Team

Quality services start with our brilliant people, mitch labrie, delphine labrie.

"When asked by Mitch if I could provide a testimonial for him my only problem was to remember exactly how many yachts I’ve been involved with due to him over the years. I think it is 6, and on each occasion I’ve worked with him it has been an easy mix of professional and friendly support. Mitch has a background at sea and knowing that a qualified Master who understands the job is there in the background and available if required has always been very reassuring. He selects his team accordingly and I’ve enjoyed working with his accounts and yacht management assistants equally over the years. With the advent of Cube Yacht Management, knowing Mitch has set this up I am very comfortable to recommend his services to anyone needing professional, approachable yacht management services." Captain, 90M+

By joining forces with Riela Yachts, Riela Yachts Monaco offer a host of expert solutions to a myriad of loyal clients. View all solutions here , and get in touch with our Riela Yachts Monaco team today.

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Managing Director, RIELA YACHTS MONACO

With over 25 years of experience in the maritime industry, Mitch has honed his expertise in yacht operations, maintenance, and consulting. His deep understanding of the industry’s intricacies, coupled with his commitment to excellence, has enabled Riela Yachts Monaco to emerge as a trusted partner for yacht owners. As a sailor, Mitch understands the importance of seamless yacht operations and prides himself on delivering exceptional service. 

He works closely with yacht owners, captains, and crew members to create customized management plans prioritizing safety, efficiency, and optimal performance. Mitch’s unwavering commitment to customer satisfaction is quickly establishing Riela Yachts Monaco as a trusted partner in the yachting industry.

Head Accountant, riela yachts monaco

Delphine is a skilled financial expert with over 20 years of practice in accounting and financial management in the maritime and private aviation industry. As Riela Yachts Monaco’s Head Accountant, Delphine oversees all financial operations, ensuring accuracy, transparency, and compliance. With her strong attention to detail and analytical skills, Delphine plays a crucial role in maintaining the financial health of our company and providing valuable insights for strategic decision-making.

YACHT MANAGER, RIELA YACHTS MONACO

Tracy is a highly experienced yacht manager with an unwavering dedication to excellence in service delivery. With a deep understanding of the superyacht industry, Tracy oversees the day-to-day operations, maintenance, and crew management of our fleet. Tracy’s exceptional organisational skills, combined with her ability to handle complex logistics and ensure exceptional guest experiences, make her an invaluable asset to our team.

ALEXANDRA HERNáNDEZ

Yacht manager.

Alexandra Hernández is Riela Yachts’ Yacht Manager. As part of this, Alexandra is the initial point of contact for our vessels; working closely with our other specialists to provide support and service coordination. Alexandra supervises crew management and plays a heavy involvement in the development and maintenance of our award-winning electronic Safety Management System (eSMS).

Born and raised in Colombia, Alexandra completed her degree as a Lawyer, and she is on track to receive her diploma in Superyacht Management.

Alexandra’s legal background and experience within the Marine & Aviation industries cover a wide range of roles, helping to gain invaluable knowledge, develop communication skills and actively cultivate solid industry relationships to deliver the highest of standards in every project.

JAY HOUGHTON

Riela group finance director.

Jay Houghton is the Riela Group Finance Director. Jay is responsible for overseeing the Financial Strategy of the Group alongside the financial reporting and control structure of the Group and its companies.

As a qualified accountant with over 30-years in the financial and service industries, Jay has built a wealth of experience in business analysis, investment appraisal, financial control and reporting.

Cameron findlay

Safety & compliance officer.

Cameron “Fin” Findlay became a part of the Riela Yachts team in late 2021, initially joining as a Trainee Yacht Safety & Compliance Assistant. Fin’s commitment and dedication have enabled him to understand the intricacies of the industry from the ground up, leading him to being promoted to Yacht Safety & Compliance Officer in 2023. Fin is now a qualified Company Security Officer (CSO), actively contributing to the implementation of Riela’s Safety Management System across our fleet, working closely alongside Clive Harrison and George Self.

Christian crompton

Product and development lead.

Christian Crompton is the Riela Yachts’ Product and Development Lead responsible for translating the requirements and operations of the Safety and Compliance team and implementing this into the forefront of the electronic Safety Management System (eSMS).

Since graduating with a first-class honours degree in Computer and Information Security in 2018, Christian has worked on designing and developing superyacht solutions using Laserfiche in the Maritime Software Industry.

With Christian’s security background and software experience streamlining business processes, Christian applies his knowledge into the Riela Yachts strategy and innovates new systems for both Riela and their clients.

Tony Partridge

Product and development specialist.

Tony Partridge is a Product and Development specialist at Riela Yachts where he will be working closely alongside Mark Bridson and Christian Crompton. Tony’s main focus is building an innovative client focused dashboard, whilst providing a new outlook and perspective to our current processes, policies and procedures.

Before joining Riela, Tony started his own web development business where he built applications and websites for a large group of different sectors, growing a strong and long-lasting clientele base. With over 10 years of experience, Tony brings a depth of knowledge and expertise to the Riela Yachts team which will be used to help progress the company’s development through the innovation and development of Riela Yachts solutions.

Robert Tobin

Riela group managing director.

Rob Tobin is the Managing Director of the Riela Group of Companies and is responsible for overseeing our business operations, our people and driving excellence in all we do.

Robert brings over 25 years of successful leadership and entrepreneurial experience across a range of industries including Family Office, corporate services, construction engineering, Superyachts, cyber security and information technology development to our Group, and to our customers.

In the past 15 years Rob has gained a prominent reputation within the Superyacht industry for his passion, integrity, innovation and achievements to date.

“Being part of an awesome, capable and forward-thinking team that have a shared passion for Superyachts, people and the environment is the highlight of my career and puts a smile on my face and a spring in my step every day”.

Clive Harrison

Operations director.

Clive Harrison is a Director at Riela Yachts and leads the Operations Team.

After a 22 year service as a Deck Officer in the UK Royal Navy, Clive moved ashore and is enjoying a second career, spanning over a decade,  in the yachting industry and relishing the challenges that this brings.

Clive brings a wealth of expertise and experience to our Company and has earned a reputation for providing a professional and pragmatic approach to the delivery of our services.

George Self

Safety & compliance manager.

George Self is a Safety & Compliance Manager and responsible for the implementation and development of operational compliance for yachts at the company.

Accruing a 10-year service of sea time, beginning as a deckhand before respectfully concluding her career as a Chief Officer, George now contributes a wealth of first-hand practice and insight into the support she now provides to yachts daily. George also brings shore side experience from her time working at a number of established Ship Management firms on the Isle of Man.

Ken Hickling

Ken Hickling is a company Director at Riela Yachts (UK) Ltd.

Ken has spent over 30 years working in the Yachting industry at Boatyards and materials manufacturers, and more recently as a Specialist Business Advisor. During this time Ken has served as International Superyacht Society (ISS) President and is currently on the Superyacht UK Executive Committee. He also works as a project leader on the ISO work group focused on Superyacht Quality.

The experience that he brings to The Riela Group in optimising our internal business processes helps to ensure that the quality of service we provide to our clients is at the highest level.

Louise Gimson

Louise Gimson is a Director, Senior Administrator and in-house HR Manager and is responsible for the day to day running of the company and client accounts at the Riela Yachts.

With an extensive background in finance, Louise brings almost twenty years’ experience in accounts within the ship management industry to Riela Yachts, where she is dedicated to implementing dynamic solutions to benefit clients.

Louise has diversified her responsibilities by taking on data handling duties within the company and in 2016 began assisting the Operations Team with internal compliance procedures.

Matthew Roberts

Head of group sales.

As the Head of Group Sales at the Riela family of companies, Matthew leads the company’s sales strategy, execution, and growth.

Matthew has a successful record building trusted client relationship and delivering upon set expectations. An accomplished sales leader, he delivers a sales process that provides clients with the information and support they need to make the right decisions for their organisations and their constituents.

Matthew has significant experience within the maritime industry having previously worked across various sectors including insurance, security, satellite communications and managed IT. Matthew’s most recent experience encompasses almost 5 years spent with the leading satellite communications and managed IT provider in the maritime industry, focusing on their superyacht clientele.

Mark Bridson

Product & development specialist.

Mark Bridson is a Product and Development specialist and responsible for the integration of Laserfiche within the company and the developing of an electronic Safety Management System.

Marks career started in the Royal Air Force as a data analyst maintaining Aircraft engineering records and the provision of Aircraft statistics.

Returning to the Island Mark spent the next 25 years working in IT for an aircraft design company. In this role he provided Computer Aided Design and document management support for offices within the UK and Europe.

Moving from the Aircraft industry to Maritime, Mark has spent two years with a Yachting software solutions company using Laserfiche to design purchase ordering systems for Superyachts.

Crew Officer

Tina Dahn is a Crew Officer and responsible for the administration of yacht crew contracts, monthly payroll and crew certification at Riela Yachts.

After a 12 year service in the Royal Navy undertaking various administration and PA roles, Tina began working for the NHS in 2001 and was responsible for duties including managing payroll, recruitment and HR administration.

Tina returned to the Isle of Man to undertake the role of Crewing Officer in the superyacht industry in 2011, where she oversaw a portfolio of clients whom she provided crew employment, administration and payroll services.

Christian goelz

Christian is involved across the Riela family of companies with particular attention to the technology businesses, Cyber and Tech.

Christian gained a postgraduate Master in Finance degree at the University of Neuchatel, Switzerland and completed his MBA at the University of Chicago Booth School of Business.

Before joining us, Christian worked for six years at Argosy Capital, an Isle of Man-based private equity and venture capital business focusing on early-stage growth businesses. At Argosy, he focused on managing investment companies, research and financial analysis and served as a director on several boards.

By SuperyachtNews 06 Jun 2022

Imperial Yachts respond to being sanctioned

Imperial yachts have claimed to be the victims of numerous unfounded and inaccurate accusations….

Imperial Yachts have released their first official public statement following the Ukraine crisis in a bid to reassure their followers that they will be disproving the damaging smears against their company. The statement came after the US Treasury announced that they have sanctioned the company and its Russian CEO Evgeniy Kochman because of their history of providing yacht related services to Russian elites, including those in Putin's inner circle.

The Sanctions against Russian UHNWIs have so far been regarded as morally necessary yet strategically flawed. While the sanctions have helped to neutralise cash flow and keep some pro-war elites at bay, numerous stakeholders have voiced their opinions on the motivations behind tenuous links being drawn up by the Kleptocapture task force. In the case of Imperial Yachts, it appears that a particularly devastating piece of investigative journalism on behalf of The New York Times acted as a catalyst for wider media scrutiny and public disdain. 

      View this post on Instagram A post shared by Imperial Yachts (@imperial_yachts)

The Treasury Department named four yachts that they believed are linked to Putin - Shellest, Graceful, Nega, and Olympia. Interestingly, Scheherazade - a yacht which has been widely recognised to be likely owned by Putin   -  has not been named by U.S Intelligence officials, although they have said that it could have been built for Mr Putin’s use. According to the IMO, Scheherazade is legally owned by Bielor Asset Ltd, a business registered in the Marshall Islands.

Imperial Yachts have received a fair amount of support from their social media followers since posting their response. One Instagram user commented, “I stand behind you and hope you come out on top. I admire your products and your company is amazing and you deserve better days for sure.” While another commented, “Monaco-based Imperial Yachts has been sanctioned by the US Treasury Department but without proven guilty, the presumption of innocence still applies and the USA, in particular, should adhere to this principle.”

With this being said, Imperial Yachts have not replied to requests for interviews with the press ever since the invasion of Ukraine began back in late February - a stance which ultimately proved to be more damaging than they would have previously expected. The company have born the brunt of a ferocious news cycle, an impact which has only been made much worse because of its refusal to openly communicate with the press. Renowned industry experts and market commentators such as Designer Martin Francis have publicly criticised companies in the superyacht industry for their lack of public support for Ukraine.

Speaking on the matter in a general sense two weeks after the war started, Francis said in an exclusive interview with SuperyachtNews , “I think it is indecent that the yacht businesses, including the yachting press, have not said anything in support of Ukraine or in condemnation of Russia. I haven't seen anything in the specialized press or on social media.”

Francis continued, “The industry should unite and say that they are standing up against Russian aggression and I think the industry should say that they are not going to work with anyone who doesn't openly oppose the war spelling out what it is.”

The elusive and all-pervading optimism in the industry's general response to the sanctions against Russian individuals has not been particularly beneficial for the wider perception of the market. However, the individual efforts of stakeholders have been awe-inspiring, with a number of people in the industry coming together to create platforms for real tangible change for those most poorly affected by the war.

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Introduction to the yachting world.

Yachting Concept Monaco was initially founded by experienced Merchant Navy & Professional Yacht Captains that have spent their lives ‘on board’ with a true passion for life at sea. Later joined by experienced professionals from the Yachting industry, Yachting Concept Monaco has built its reputation by customising and tailoring the charter holiday or acquisition of private luxury yachts to meet the requirements and expectation of their Clients.

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