Brokerage news

Last Saturday, the youngest self-made billionaire ever Kylie Jenner celebrated her 22nd birthday aboard 91.5-metre Oceanco charter superyacht Tranquility off the coast of Italy, according to entertainment news outlet TMZ. The vessel was formerly known for her ownership by Jho Low under the name Equanimity, before she was seized and auctioned by the Malaysian government. Kylie Jenner is a renowned media personality, member of the Kardashians family, businesswoman and the founder and owner of Kylie Cosmetics company launched in 2015. At the age of 21, she was named The Youngest Self-Made Billionaire Ever by Forbes (still, the title that many tabloids call in question). The makeup mogul’s personal net worth is currently estimated at $1 billion, while in 2018, her company’s revenue increased at 9% to an estimated $360 million. At the moment, the company is worth no less than $900 million, while Jenner owns a 100% stake.During the party, Jenner posted several photos on her Instagram account, dressed in a white gown by Oscar de la Renta. Built by Oceanco in 2014, Tranquility has been hitting headlines since summer 2018. In August 2018, the Indonesian authorities seized Low Taek Jho’s superyacht at the request of the US Department of Justice, and transferred her to Malaysia. It is alleged, that the yacht was originally purchased by Low Taek Jho using money embezzled from the 1MDB state fund.Shortly afterwards, Tranquility was put on sale as a part of the effort to recover funds stolen by Low and his cohorts from the state fund. In April 2019, the deal was closed on the vessel’s acquisition by Genting Malaysia Bhd for $126,000,000, which made only half of her initial price. In the meantime, the vessel’s maintenance had cost the government over $3,500,000 since her reclaiming in August 2018.Tranquility was the first superyacht designed and built to be fully Passenger Yacht Code (PYC) compliant. She features exteriors by Oceanco’s in-house design team and interiors by Winch Design.The yacht can accommodate up to 26 guests on-board, along with 28 crew members. The yacht is also trademarked with extensive spa area on the lower deck, plunge pools and customised interior. Tranquility’s interior was designed by Andrew Winch and along with Travatino Veluto marble and bleached oak with wenge finishing, the decor has a subtle, oriental influence. In the upper saloon, a fully operational, perspex-cased piano is a spectacular show piece, and there’s a luxuriously comfortable lounge area as well as a formal dining room for 12.Guest facilities include a spectacular aft beach club next to a fully-equipped gym with a large balcony on the starboard side allowing direct access to the sea, and an indulgent spa suite - complete with a sauna, Hammam, experiential showers, plunge pool and a massage/treatment room.On Tranquility’s aft upper deck, the large Jacuzzi pool takes centre stage, with an outdoor bar and sun loungers. Another Jacuzzi lays found forward, with this area directly accessible from the master stateroom.The master suite features a private owner’s study and a large bathroom with a free-standing bathtub. The interior configuration allows for 9 further guest cabins, with two VIP suites. Furthermore, there are separate crew quarters for up to 29 people.Tranquility achieves a top speed of 18 knots and comfortably cruises at 15 knots. She is fitted with zero speed stabilisers which increase on-board comfort when the yacht is at anchor.The yacht will has been made available for charter in the Western Mediterranean in summer, and in Caribbean Sea in winter, all from from €1,100,000 per week.

On Saturday evening, a 45.6-metre superyacht Moatize smashed into Cairns marina (Queensland, Australia) while attempting to moor. The port has remained closed since the accident, reports Sunrise.The vessel crashed into the port heading to the converted-trawler restaurant Prawn Star Cairns, making diners rush out of their seats. Fortunately, no one of the restaurants full capacity of 60 got injured though.According to some reports, a mechanical problem caused one of the yacht’s engines to lock into full speed. Meanwhile, the crew frantically tried to minimise possible damage. The crew members were seen at the bow waving their arms and warning people to move way, while the others dropped the anchor at the time. Thus, they managed to slow down the vessel quickly, ensuring other boats at the port got only slightly damaged.The captain of the Moatize told 7NEWS Cairns that the starboard gear stuck as they were making a tight turn. No fuel spills were reported, although the marina operators are still investigating.Photo: Prawn Star / FacebookThe Prawn Star had to close after the crash, as the superyacht had damaged the berthing pontoon. Still, the restaurant’s business manager Kay Green told the ABC remained positive on the restaurant to be back up shortly.‘Our crew handled it perfectly, they kept their calm, got everyone off the boats and got everyone settled down and since then the spirit of co-operation has been fantastic,’ she said.Photo source: Queensland TimesMoatize was built and delivered by British shipyard Pendennis in 1999, changing several names and undergoing several refits since then. With a beam of 9.5 metres and a draft of 2.7 metres, she has an aluminium hull and aluminium superstructure. With interior volume of 509 tons, the yacht can accommodate up to 12 guests within interior designs by Redman Whiteley and exterior designs by Dubois Naval Architects.Powered by Caterpillar engines of 960 hp each, Moatize reaches a maximum speed at 15 knots and a cruises at 13 knots. Her maximum range is estimated at 6,000 nautical miles.Meanwhile, 48-metre Heesen superyacht Blue Magic has recently collided into a sailboat in Italy.

The 96.55-metre Feadship superyacht Faith has been recently spotted at anchor in the bay of Cala di Volpe in Porto Cervo, Sardiania. The vessel is believed to belong to Lawrence Stroll, a Canadian billionaire with current net worth of $2.6 billion. According to Forbes, the owner's previous yacht was sold to a renowned fashion designer Tommy Hilfiger.Lawrence Stroll is known for masterminding the American fashion brand Michael Kors' hugely successful IPO in 2011 with a Hong Kong fashion tycoon Silas Cho being his business partner. Thus, the largest part of his fortune comes from selling his shares in Michael Kors; with the last stake sold in 2014. Moreover, Mr Stroll has been a part-owner of the SportPesa Racing Point F1 Team Formula 1 team since 2018.First known under the name Vertigo, the superyacht was built by Dutch yard Feadship in 2016. Redman Whiteley Dixon was responsible for the exterior design of the vessel with a steel hull and aluminium superstructure, while Chahan Interior developed the interiors and De Voogt Naval Architects worked on the naval architecture. With a gross tonnage of 2,999GT, Faith was built to Lloyds +100A1 class and flies the Cayman Islands flag.The elegant curves of Faith's streamlined profile feature proportion and harmony, with the same applied to the characteristically Feadship lines of her flared bow, which features a games deck and helicopter landing pad with a hangar for a Bell 429 WLG helicopter below. The sweeping hull line leads down and aft towards the main deck aft, home to an extraordinary swimming pool made of glass panels that also form the ceiling of the beach club below. Creating this 68-millimetre-thick construction involved laminating together five layers of clear glass interspersed with foil. To make matters even more complex, the deep end of the 42,000-litre pool has an S curved shape and descends to 2.5 metres. The vast sea-level beach club beneath the pool almost doubles in size when the transom and fold-down side terraces are open. Doors in the hull further forward allow launching Vertigo’s custom tenders, which are Feadship-certified in a partnership with Tenderworks.The yacht’s main deck is a home to a cinema and serves as a prime real estate location for the guest accommodation section, which includes six staterooms (two VIPs), a hairdressing saloon and a dedicated pantry.The vessel’s interiors feature large floor-to-ceiling windows maximising the natural light and ocean vistas. Set-piece elements include the double-sided fireplace in limestone & quartz and decorative glass screens that separate the main lounge from the dining area forward, as well as the floating staircase which combines stainless steel, multi- textured stone and blue leather with a wealth of lighting in an exceptionally detailed way.Overall, the superyacht accommodates up to 18 guests, as well as a crew of 34. The owner's cabin is located on its own private deck, highlighted by an imposing full-beam forward-facing stateroom with 180-degree views and a three-metre-high skylight ceiling above the bed. Powered by twin MTU engines of 3,004hp each, Faith reaches a maximum speed at 17 knots and cruises for 5,000 nautical miles at 12 knots.According to MarineTraffic, the vessel’s location has not changed yet. At different times, the vessel was also seen in Côte d'Azur, Monaco or Lelystad, the Netherlands.Photos by Riva Ariston via Dutch Yachting

US broker Allied Marine has filed a lawsuit in the Broward County, Florida, against a customer and Italian shipyard Baglietto regarding a yacht purchase deal. The broker claims, two parties have circumvented verbal agreements on paying a commission to the brokerage.At the same time, the customer, who appears to be Miki Naftali, CEO of New York-based real estate developer Naftali Group, has made a related filing. He has filed a lawsuit in the New York Supreme Court against Scott Goldsworthy of Allied Marine.Naftrali states, Goldsworthy is not entitled to a commission for assistance in concluding a deal to buy his 39.5-metre Baglietto yacht worth $ 14.5 million, according to New York real estate media The Real Deal. Goldsworthy, in turn, in his counterclaim, accuses Naftali of fraud and seeks a $725,000 compensation.The Real Deal reports, Goldsworthy has been in brokerage for about 15 years. They collaborated with Naftali for the past six years, during which Goldsworthy invariably received commissions after transactions on yachts purchases and sales.The preparation of the most recent deal with Baglietto began in 2016. Goldsworthy stated that while regular personal meetings were held to discuss the design and characteristics of the future boat, Naftali, Goldsworthy and Baglietto CEO Michele Gavino had a mutual agreement, for the broker to receive a 5% commission of the total yacht’s price once the transaction is completed, which Baglietto CEO Michele Gavino agreed to, Goldsworthy’s suit says.Naftali finally decided to order the vessel from Italian shipyard. However, he decided to sign a contract with Baglietto directly, without Goldsworthy’s involvement. According to Goldsworthy's lawyer Joshua Alper, quoted by The Real Deal, Naftali was supposed to save on the final cost of construction, and the shipyard was able to gain a foothold in the market for customised boats in the United States.From the different angle, according to the lawyer of Naftali, the parties ceased cooperation in October 2016, and a written agreement that Goldsworthy should receive a commission never existed, nor did a written statement on Naftali's potential purchase interests. According to this view, Naftali told Gavino directly about his intention to buy a small private and inexpensive yacht for his family in June 2017, and Goldsworthy had nothing to do with it.Naftali’s suit also claims that Goldsworthy 'did not play any role in the negotiations' on the project and that Naftali 'never discussed the potential construction' of the boat with Goldsworthy.After the reports had been published, Baglietto also issued a written statement:Baglietto, by means of its CEO, Michele Gavino, wishes to point out that the company has not taken part in any illicit action taken by the subjects mentioned. <…> In particular, Baglietto wants to point out that they have always conducted themselves and will continue to do so in a professional and ethical manner towards both the Owner and the brokerage community. Thus, Baglietto reserves the right to defend its behaviour and reputation in any qualified office.In the meantime, Naftali Group currently works on several projects in New York City, including an assemblage from 1039-1045 Madison Avenue on the Upper East Side and a luxury condo project with Rockefeller Group at 200 East 83rd Street. The firm has also signed a contract to acquire 470 Kent Avenue on the Williamsburg waterfront in February for about $182 million.

An extreme storm struck the city of Auckland on Monday night, causing serious damage to Westhaven Marina, boats and property. According to the local media Newshub, up to 75 boats were damaged at the central marina. Repairing works will likely cost hundreds of thousands of dollars, Mayor Phil Goff said.Auckland has experienced two consequent nights of storms with a wild mixture of lightning and heavy rain starting from Sunday, June 11, causing significant damage to buildings, wharfs and boats. Some citizens even shared pictures of 5-cm-large hailstones that fell on Monday.The second night of storms smashed Auckland's waterfront, overturning boats and throwing containers, pylons and cars into the harbour. One of the 75 damaged boats, was a flipped-over 13-tonne catamaran, along with several yachts torn from their moorings. NZHerald reports, vehicles were swept into the ocean and a yacht was struck by lightning.Photo: Hayden WoodwardDamage has been also done to some marina infrastructure which was being isolated and checked. ‘The large amount of flotsam and debris in and around the inner harbour remains a significant hazard to navigation and this will likely be the case until it is all recovered,’ coastguard duty officer Hemi Manaena said in a statement.Lion Foundation Rescue and Trillian Rescue Alpha, Coastguard Rescue Vessels from Mechanics Bay were tasked to respond and assist the police with securing vessels and debris adrift, and to undertake welfare checks with impacted vessels to ensure all personnel were accounted for. Luckily, reports so far indicate that no mariners were harmed during this event.Still, the witness, who was at Princess Wharf, said it looked like there were a lot of emergency vehicles at the scene, presuming there might have been people injured. Other sources say, a staff member at Wallace Investments was injured on Monday night when a shipping container blew onto their vehicle, but further discharged from the hospital.Photo: CHRIS MCKEEN/STUFF"Due to debris from the storm, services across the harbour Tuesday morning were operating at reduced speeds and keeping wakes down as advised by the harbourmaster," chief executive Mike Horne said.On Tuesday morning, Mayor Phil Goff visited a large event venue The Cloud located on Queen's Wharf, as it lost part of its roof in Sunday's storm, while Shed 10 that lost its roller doors. The mayor concluded, it would cost NZD hundreds of thousands dollars, to restore the objects.Westhaven Marina, Auckland. Photo source: istock.comMeanwhile, one of the most extreme storms causing damage to marinas took place in Italian Rappallo in November 2018 and in 2017, when a category 4 Hurricane Irma caused severe damage to the Caribbean and Florida region.