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Displaying items by tag: Lady M

A superyacht owned by a Russian billionaire businessman has been seized by Italian police in the same week as he was targeted by EU sanctions in the wake of the war in Ukraine.

As the Guardian reports, mining magnate Alexei Mordashov’s 65m yacht Lady M was impounded in the port of Imperia, a city on Italy’s Ligurian Sea coast.

Two other Russian oligarchs also had yachts seized in Imperia and La Ciotat, between Nice and Toulon in France, as the European Union moved to freeze assets in reaction to Russia’s invasion of Ukraine which began in 24 February.

Lady M — which visited Belfast and Cumbria in 2017 — was delivered in 2013 by US yacht builder Palmer Johnson and is valued by Forbes magazine at some $27 million.

The Guardian has more on the story HERE.

Published in Superyachts
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About Warrenpoint Port

The Original Port of Warrenpoint was constructed in the late 1770s and acted as a lightering port for the much larger Port of Newry.

Following the demise of Newry Port Warrenpoint Harbour Authority was created as a Trust Port by legislation in 1971. The modern Port was completed in 1974 when it covered 28 acres. Since then the port has expanded to its current size of approximately 53 Acres. The Authority has just completed a £22 Million capital infrastructure project (under the terms of a Service of General Economic Interest with the Department for Regional Development) that includes, the construction of a 300 Metres of Deep Water Quay (7.5 Metres C.D), new Ro-Ro berthing facilities, additional lands and covered storage facilities and a new 100 Tonne mobile crane.

  • Warrenpoint Port is the second largest port in Northern Ireland and the fifth-biggest on the island of Ireland.
  • Warrenpoint Harbour Authority was created as a Trust Port by legislation in 1971.
  • In 2018, the value of goods moving through Warrenpoint Port was £6.5 billion. The Port handled 3.56 million tonnes in 2017, increasing to 3.6m in 2018.
  • The port employs 70 staff directly and supports over 1,500 in the local economy.
  • In addition to serving the markets in Great Britain and the Republic of Ireland, the Port deals with imports and exports from countries and regions across the world including to Spain, Italy, Sweden, Belgium, Germany, Ukraine and the Americas.

 

At A Glance – Warrenpoint Port

  • Warrenpoint, Newry BT34 3JR, United Kingdom Phone: +44 28 4177 3381

     

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