Indonesia police seized the 91.5-meter Equanimity near Bali as part of an ongoing multi-billion dollar asset investigation. She was allegedly purchased with funds siphoned from the Malaysian sovereign wealth fund 1MDB.
The Wall Street Journal reports that the Indonesian police received a request from the FBI on February 21 to search for the boat, along with evidence of money laundering linked to it. The vessel was found a few days later off the coast of Lombok. The FBI personnel remained on the ground in Bali to assist the police.
Local news source Malaysiakini reports that the yacht was first detected entering Indonesian waters last November, passing through Raja Ampat before moving toward Lombok and Bali. It was believed to be sailing towards the republic to evade U.S. authorities investigating the scandal.
Indonesian police claimed that the captain turned off the vessel’s automated identification system (AIS) to avoid detection. “While sailing, Capt. Rolf (no other name provided) had switched off the vessel’s AIS several times, so the vessel was undetectable along Philippine waters and towards the southeast of Singapore,” Indonesian police spokesperson M. Iqbal told Detiknews. “At the time, U.S. authorities had issued a seizure warrant.”
There were 34 crew on board when the boat was seized. Agung Setya, director of economic and special crimes at Indonesia’s criminal investigation bureau, told Metro TV, “We have been inspecting the crew since yesterday and now we are taking action, since we have received approval from the court.”
While Indonesian authorities and the FBI worked together on the money laundering case, it’s unclear how the investigation will proceed.
“We will see how this develops…Whether we can do a joint investigation later or whether we can hand it over later, we are in the process of collecting and investigating,” Setya told Metro TV.
The Department of Justice (DoJ) is seeking to seize approximately $1 billion worth of assets allegedly bought with the misappropriated 1MDB funds by the yacht’s owner, Jho Low. Most of the assets are in the U.S., but the vessel has spent most of her time in Thailand since late 2016, according to the Wall Street Journal.
Other assets include a private jet, a hotel and real estate in New York, and a $107-million interest in EMI Music Publishing. Model and actress Miranda Kerr returned a jewelry set given to her by Low, and actor Leonardo DiCaprio returned an Oscar once owned by actor Marlon Brando along with other items that were funded with the 1MDB money.
According to reports, the 91.5m-long vessel has a spa and beach club, a beauty salon, a gym, a sauna, a Turkish bath and a large pool. The interior has some orientally inspired themes, using materials such as wenge, bamboo and gold lead.
The boat is now anchored off Bali and officials are currently looking for Low.
Riva has expanded its Destinations collection with a new lounge at Hotel de Mar Gran Meliá in Mallorca, officially opened on May 15. The venue combines Riva’s signature yacht styling with the hotel’s Mediterranean hospitality, featuring mahogany, ribbed maple, and steel finishes alongside iconic Aquariva lamps and Aquarama chairs.The lounge includes an indoor dining area and a sea-view terrace, complemented by a private Riva Privée area. Guests can charter a Rivamare yacht for coastal exploration, sunset aperitifs, or private dining.Located on Mallorca’s Illetas coastline, Hotel de Mar – designed by architect José Antonio Coderch – joins Riva Destinations’ existing lounges in Venice, Monte Carlo, Paris, and Jeddah. The opening event was attended by local celebrities, officials, and high-profile guests.No further expansion plans for additional Riva Destinations were disclosed. The lounge is now operational for hotel guests and external visitors.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
May 16, 2025
Feadship has completed its first two transactions through its recently launched Feadship Resale service. The sales include the 75.75-meter ONE (2025), co-listed with Edmiston and sold via Burgess as buying broker, and the 83.50-meter Savannah (2015), also co-listed with Edmiston.SavannahThe Dutch shipyard established Feadship Resale in late 2024 to leverage its technical expertise and historical build data in the brokerage market. The division currently represents six Feadship-built yachts, including the newly added 57.60-meter W."For years, owners have asked us to help sell their yachts," said Arjen van Elk of Feadship Resale. "We always directed them to brokers, but now we can offer something far more comprehensive. We know the yachts inside out – we built them."ONEThe service operates exclusively upon owner request and maintains collaborative relationships with established brokerage firms. Feadship emphasizes its role as a technical consultant rather than a direct competitor to traditional brokers, offering build specifications, maintenance records, and engineering insights to facilitate transactions.SavannahMarket response has been immediate, with multiple owners approaching Feadship directly to list their vessels. The shipyard attributes this to client confidence in its institutional knowledge of Feadship-built yachts.ONEThe Resale team now focuses on expanding its portfolio while assisting prospective buyers and sellers. No financial details were disclosed regarding the completed transactions. Feadship confirms the service will remain exclusive to yachts built by the consortium, with no plans to represent third-party vessels.The division's launch reflects growing demand for technical transparency in the superyacht secondary market, particularly for complex vessels exceeding 50 meters. Feadship's move follows similar manufacturer-backed resale programs emerging in the luxury marine sector.SavannahWith ONE and Savannah sales finalized, Feadship Resale prepares to handle additional transactions through 2025. The shipyard reports strong interest from both repeat clients and new buyers seeking verified build quality and maintenance history.Based in the Netherlands and with roots dating back to 1849, Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Feadship
May 16, 2025
CL Yachts has revealed its new CLB65 SUV model, a 19.7-meter sport yacht set to make its global premiere at the 2025 Sanctuary Cove International Boat Show in Australia. The announcement comes as the brand's existing CLB65 model completes its tour of major boat shows across Asia-Pacific and North America.The SUV variant maintains the B-Series' functional elegance while introducing enhanced versatility for owner-operators. Power options include twin Caterpillar C18 or Volvo Penta D13 diesel engines, both capable of reaching 30 knots. The yacht features a ZF JMS boat control system for simplified docking and offers certification options between RINA Hull Construction and CE Category B Class standards.Designed by Hong Kong-based Supertomato Studio, the interior presents two décor schemes in walnut or white oak. The full-beam master stateroom incorporates dual hull-side windows and walnut finishes, while the VIP cabin includes a skylight. A convertible guest cabin adapts between twin and single bed configurations.Social areas emphasize fluid indoor-outdoor connectivity, with a flip-up window linking the galley to the aft deck's electric grill and bar seating. The salon features expansive glazing, a pop-up rotatable TV, and optional sunroof ventilation. A multifunctional stern area serves as either a beach club or fishing platform, with stabilization available via fins or gyro systems."Coming at the very peak of the yachting season, we are so excited to unveil our CLB65 SUV to the industry," stated CL Yachts. CL Yachts’ goal is to offer unparalleled experiences to the modern explorer. The luxury performance brand stands apart from its competitors thanks to its unique approach to design – driven by CL Yacht’s core value of innovation. Fusing progressive design with engineering prowess and state-of-the-art technology, every element of CL Yachts’ vessels are meticulously geared to steer luxury into uncharted territories.Credits: CL Yachts
May 16, 2025
Royal Huisman has commenced work on Project 412, an 80-meter-plus sailing yacht for a repeat client. The full-aluminum vessel will rank among the largest sailing yachts built by the Dutch shipyard when completed.The yacht features a carbon rig supplied by Rondal, designed for performance sailing and global circumnavigation. While exterior details remain confidential, the project continues Royal Huisman's specialization in large-scale sailing superyachts.Jan Timmerman, CEO of Royal Huisman, stated: "We are honored to embark on this new super-sized sailing yacht project for a returning owner. Project 412 promises a true sailing experience while offering a distinctive and sustainable alternative to large powerboats."The construction reinforces Royal Huisman's position in the XXL sailing yacht segment. No delivery date or additional specifications were disclosed. The yard currently has multiple large sailing projects in progress at its Netherlands facilities.Project 412 will join Royal Huisman's portfolio of custom sailing superyachts, which includes several of the world's largest sailing vessels. The commission demonstrates continued demand for performance-oriented sailing yachts in the 80-meter-plus range.Royal Huisman is a Dutch shipyard established in 1884 in Ronduite, building and refitting custom luxury sailing and motor yachts at its shipyard in Vollenhove, the Netherlands.Credits: Royal Huisman
May 15, 2025
Sanlorenzo S.p.A. announced its Q1 2025 financial results, reporting €213.5 million in net revenues from new yacht sales, a 9.6% year-over-year increase. The company's EBITDA rose to €37.0 million (+8.5% YoY), while net profit reached €21.2 million (+8.0% YoY).The Superyacht Division grew by 10.4%, and Nautor Swan contributed €23.8 million in revenues. Geographically, the Americas saw a 40.6% increase, while Europe grew by 8.6%. The company’s backlog stands at €1.2 billion, with 89% of orders sold to final clients and deliveries scheduled through 2028.EBITDA margin slightly decreased to 17.3% (from 17.5% in Q1 2024), attributed to the Nautor Swan acquisition. Excluding this effect, profitability would have improved. EBIT increased by 4.2% to €26.8 million, maintaining a 12.6% margin.Net financial position shifted to -€28.1 million due to seasonal working capital needs ahead of the Mediterranean delivery season (May-July). The company also repurchased €3.7 million in treasury shares and acquired 60% of AF Arturo Foresti S.r.l. for €0.7 million.Order intake in Q1 2025 reached €178.1 million (+5.9% YoY), reinforcing confidence in the Sanlorenzo, Bluegame, and Nautor Swan brands. The company confirmed its 2025 guidance, citing strong demand with waiting lists extending to 2028.Massimo Perotti, Chairman and CEO, stated: *"Our business model – unique in the international yachting landscape – continues to deliver excellent profitability and long-term visibility. We are reinforcing leadership in the 30 to 50-metre segment, supported by a sophisticated client base and semi-custom production."*Perotti noted that only 5% of revenues come from yachts under 30 meters, minimizing exposure to potential U.S. tariff risks. The company remains optimistic about sustainable growth and value creation.Sanlorenzo was founded in 1958 in Viareggio by yacht builder Gionvanni Jannetti. In 2005, Massimo Perrotti became the majority shareholder in the shipyard. Sanlorenzo builds yachts ranging from 28.60 to 73 meters in length. Credits: Sanlorenzo
May 15, 2025