In June 2017, YachtHarbour has reported that US Government moves to seize 91.5m Equanimity. In March 2017, 90-metre Equanimity seized as captain turned off 'AIS' system to avoid detection. In April 2018, US were blocked from seizing $250 million 91.5-metre superyacht Equanimity. In May 2018, Jho Low ordered to turn over his $250 million 91-metre yacht Equanimity to the US.
Now, 91.5-metre superyacht Equanimity moved to Malaysia after her detention by Indonesian authorities. The US authorities believe that the funds used to purchase Equanimity were siphoned off from the Malaysian sovereign wealth fund 1MDB between 2009 and 2015. On Monday, Malaysia’s finance minister Lim Guan Eng said the government intends to take an inventory of items on the yacht and open it for public viewing before auctioning it for “the highest price”. The Malaysian government intends to use the sale of the yacht, which is valued at $250 million, to recover some of the funds lost in the scandal.
Equanimity was built by Oceanco in Netherlands at their Alblasserdam shipyard and delivered to her owner in 2014. Equanimity is one of the largest yachts to be completed by the Dutch yard. She has become known for being the first superyacht designed and built to be fully Passenger Yacht Code (PYC) compliant. The yacht's interior has been designed by Andrew Winch. A beautiful combination of wenge wood, bamboo, marble and gold leaf create an Asian-inspired theme throughout Equanimity's interior.
The superyacht features a 20m squared pool on her deck with jets, a private hot tub outside the master suite and a beach club. An indoor-outdoor wellness area is open to all guests and includes a sauna, hammam, plunge pool and beauty salon. Experiential showers are also available on board as well as a helipad on her upper deck.
Equanimity's interior configuration has been designed to comfortably accommodate up to 18 guests overnight in 9 cabins, comprising a master suite, 4 VIP staterooms, and 4 double cabins. She is also capable of carrying up to 28 crew onboard to ensure a relaxed luxury yacht experience.
Propelled by twin MTU 20V 4000 M73L engines, Equanimity is able to reach a top speed in excess of 20 knots. This luxury yacht is also fitted with 'zero speed stabilizers' which work at anchor, increasing on-board comfort when the yacht is stationary, particularly in rough waters.
A spokesperson for Equanimity (Cayman) Ltd, the owners of the yacht, Equanimity, issued the following statement regarding the Malaysian Government’s precipitous taking of the yacht, bypassing judicial proceedings in the US and Indonesia.
"Through recent legal filings we have alerted the U.S. Court that on 2 August 2018, armed officers of the Indonesian National Police (INP) and Malaysian officials commandeered the yacht, reportedly at the behest of Malaysian Prime Minister Mahathir Mohamad. This is troubling because pursuant to an order of the Central District of California, the US Department of Justice (USDOJ) was the custodian of the yacht and paying for its maintenance and crew.
Given the claims put out by the Malaysian Prime Minister in recent days, we issue this statement to set a few facts straight:
As far as we are aware, this seizure by the Malaysian Prime Minister and the Malaysian government was not coordinated with the USDOJ in any way, but instead was done in opposition to the USDOJ, which had repeatedly asked that the Equanimity be handed over for return to US territory and had argued to the US Court that it, and only it, is capable of acting as a proper custodian of the yacht and preserving its value. The U.S. Court had accepted this argument by granting the USDOJ custody of the yacht.
Moreover, an Indonesian court ruled on 17 April 2018 that the yacht should be returned to Equanimity (Cayman) Ltd. – its rightful owners – not handed over to anyone else. Following this ruling the INP acknowledged that “as a legal responsibility... the Indonesian National Police shall obey the order of the South Jakarta District Court to immediately return the Equanimity to its owner,” and that “pursuant to the facts disclosed in the court hearings, it can be concluded that the legal owner of the Equanimity... is Equanimity (Cayman) Ltd. and there is no relations between the Equanimity Yacht with the 1Malaysian Development Berhad.”
The Malaysian government ignored all this and took the asset in direct violation of an existing Indonesian court decision and an order of the US court. This is apparently why more than a dozen armed Indonesian police and Malaysian officials boarded the yacht last week without prior notice and forced it to sail to Malaysia. Presumably, had they been cooperating with the US DOJ or intending to abide by either of the court orders in effect, this would not have been necessary.
Major news sources have reported that the Malaysian Prime Minister intervened personally with the Indonesian President through a phone call and/or in person, thereby injecting politics into ongoing legal proceedings in two sovereign nations.
Although the Indonesian and U.S. court proceedings had led to conflicting decisions regarding the status of the yacht, both proceedings at least had been open and transparent, with Equanimity (Cayman) Ltd. being given a fair opportunity to present its positions and arguments. Unfortunately, the same cannot be said for whatever actions were undertaken by the Government of Malaysia to seize the yacht. "
The ConceptThe Seataci (view the video) is yacht concept that uses a biomimetic propulsion system resembling the movement of whale’s tail. Its main hull would be lowered underwater, providing passengers with an excellent underwater view of the coral reefs and marine life. It features a dozen villas and two landing pads specially designed for personal flying drones.Origin of the ideaThe idea for the Seataci first came to me while my wife and I were visiting the St. Regis resort in Bora-Bora. We were scuba diving one of the channels, and I started thinking about a new type of cruise ship concept capable of navigating in shallow waters by using an eco-friendly propulsion system. First I had in mind a commercial type of vessel, but it could probably first be developed as an experimental / scientific yacht that would bring together scientists and their benefactors.How it worksThe Seataci would be capable of submerging itself by using a water ballast system to sink its main hull. Two side pods would be used to stabilise the ship, and they would be linked with a hydraulic system that would also double as a dynamic suspension. The ship’s crew and passengers would be able to travel to those pods at any time during the cruise, and passengers could use them as galleries to get a different viewpoint from the ship.The ship’s engines would be housed in each pod. A biomimetic propulsion system similar to the Iruka concept would be designed to propel the Seataci. This system is basically an oscillating foil that pushes the water like the tail of a whale. It might prove more efficient than propellers, would probably generate less noise under water, and it would allow the ship to sail in shallower waters without breaking its propellers or rudders.Each pods would feature enclosed water propeller that would siphon water from side intake grills and push it forward when the vehicle needs to back up, like reverse bow thrusters. Another option would be to integrate a pivot around the pods vertical axis to reverse the ship’s course.As you can see, the boat’s actual hull occupies a lot of volume, so it will be hard to sink.This is our first iteration, only meant to depict the idea. Future version of the Seataci should take into account weight, volume of water displaced, type of material, ballasts size etc. They would look different, but would propose the same features.The lower tail section of the main hull would feature an impressive under water experience for the passengers, with large panoramic windows located on each side of the ship. Some of the ship’s suite could be located in that lower section for the view and for the minimal roll. A dining hall or an observatory lounge could also be installed there. On the main deck, a tropical garden would surround a pool next to landing pads for personal drone. The drones could be used by customers to fly to the shore or visit small ‘motu’ or ‘atolls’ nearby.What It’s Used ForThe Seataci is first and foremost a luxury yacht, but it could also be built and sold as a small scientific or commercial excursion ship. It would be interesting to use it to explore channels or islands located in shallow waters and witness the fascinating underwater life during each cruise. When personal drones become widely available and safe, the Seataci could serve as a landing platform to explore inhabited islands without using boats.Integrating new technologies like the oscillating foil is probably a big risk; however it could provide a good payoff if this technology proves to be more sustainable than what is currently being used.The DesignerI would like to thank Martin Rico, who created the images of the Seataci concept. Martin lives near Buenos Aires, Argentina. He studied Design at the University of Buenos Aires and now works as a Freelance Industrial Designer. Martin also created the images of the Mercuri personal jet and the Sandofi urban cart for the homeless.
October 19, 2018
The group strengthens its presence in the Asian market. Ferretti Group announced the grand opening of its new marvelous showroom in Shanghai at the Bellagio Hotel. This new opening confirms the strategy of international growth of Ferretti Group, and its goal to increase visibility in the Asia-Pacific market.Ferretti Group brand new showroom is located in the shopping section on the first floor of Bellagio Shanghai. It perfectly mirrors the elegant taste, the international excellence and Italian aesthetics of the Group. At this showroom, visitors will see the impressive scale models of the latest yacht models presented from the Group’s portfolio of legendary brands, such as Riva 110’ Dolcevita debuted last month during Cannes Yachting Festival, Pershing 140 to be debuted in year 2019, and 74M mega yacht Cloud 9 from CRN brand which was delivered to her owner last year. These new projects are benchmarks of cutting-edge design and technology innovation in the global nautical world. Showroom visitors can also learn about the history and heritage of all seven brands from the interactive touchscreen totem.“The new grand opening confirms, once again, Ferretti Group’s commitment to further expand in continental China, next to positioning all brands in a selective market, that is definitely strategic in the luxury field” comments Stefano De Vivo, CCO of Ferretti Group.The grand opening saw the participation of distinguished guests such as Mr. Bartolomeo Lamonarca, the Italian Consul Shanghai, Mr. Alain Tsui, the General Manager of Bellagio Shanghai, general managers of yacht clubs from East China, publishers of China’s top lifestyle magazine, partners of Ferretti Group from various sectors in the luxury industry, and successful entrepreneurs and boat owners. Mr. Alessandro Tirelli, Sales Director of Ferretti Group Asia Pacific shared the Ferretti Group’s latest achievements, new fleet, and new vision for the Chinese market, as well as exciting news from the September Cannes Yachting Festival and Monaco Yacht Show.
October 19, 2018
October 18, 2018
Fort Lauderdale, Florida, the "Yachting Capital of the World" will host the 59th Fort Lauderdale International Boat Show on October 31- Nov 4, 2018. The show exhibits range from yacht builders and designers to exotic cars and brokerage yachts. Fort Lauderdale International Boat Show program will showcase the latest vessels, technical innovations, and performance reviews, as well as highlight the wide array of lifestyle amenities, likeunparalleled hospitality, dining, and shopping options in the area. Additionally, a Best of Show trophy created by renowned industrial designer, Derek Jenkins, will be presented to the most innovative new model design on display. Top largest yachts attending FLIBS 2018 : 1. Areti (85m)2. Elandess (75m) 3. Party Girl (63m) 4. Utopia IV (62m)5. Excellence V (60m)6. Elysian (60m) 7. Minderella (59m)8. Lady Sheridan (58m)9. Power Play (56m) 10. Lady Michelle (55m)A wide variety of boats will be on display including runabouts, sportfishers, high performance boats, center consoles, cabin cruisers, flats boats, skiffs, express cruisers, sailing yachts, motor yachts, bowriders, catamarans, ski boats, jet boats, trawlers, inflatables, canoes, and extraordinary superyachts. This is exactly where you want to be.
October 18, 2018
Van der Valk Shipyard in the Netherlands has delivered the 23-metre Joy to a delighted client in the Mediterranean. As the latest motoryacht in the popular Flybridge range, Joy features timeless design and cutting-edge equipment. She also benefits from the experienced owner’s distinctive taste and considerable experience.First introduced in 2010 and regularly updated, Van der Valk’s Flybridge range remains very popular today. Its elegant appearance, outstanding quality and state-of-the-art technology have stood the test of time, and the yachts are renowned for their excellent value retention. The 23-metre version was launched eight years ago and ten have been built to date. This versatile model is equally suited for families, lone yachtsmen and sailing with a crew.Joy’s owner hails from the shipbuilding industry himself and has a rich understanding of yachts as well as large commercial vessels. As such, he had a very clear idea of what he wanted – the client opted for Van der Valk after considering several other brands and realising that his particular needs and tastes could not be fully met by any of them.“The owner did not have a great deal of time for hands-on monitoring of the construction process,” recalls Van der Valk’s marketing manager Yoeri Bijker. “Once the contract was signed, he trusted us and mostly followed the build via progress photo reports received from the yards production management team. Thanks to careful planning and implementation, this remote approach worked very well and the client found the final result to be entirely in line with the images and his requirements.”Joy has a classic, timeless exterior characterised by Van der Valk’s award-winning semi-displacement hard chine hull in a moderate V design and a distinctive, elegant dark blue hull. The flybridge deck comprises an outdoor helm station with co-pilot seat, a U-shaped sitting area, a mini wet bar and a large inflatable water slide, as well as space for a Williams Turbojet 385 tender and an Opacmare crane with a capacity of 450 kg.The main deck has a contemporary style with a traditional touch, represented by rich Pennsylvanian walnut and Zebrano woods. The lounge centres on a U-shaped settee to port, and there is a dining area to starboard opposite the well-equipped galley. The outside dining space aft is comfortable and spacious, and the separate wheelhouse contains an indoor helm station and the latest navigation technology. The lower deck houses well-appointed accommodations, each with ensuite bathrooms. The full-beam master stateroom amidships is flanked by a VIP cabin forward and two guest cabins, one with a double and one with a bunk bed. There is also a separate full beam crew area with two cabins and a bathroom.Joy is propelled by three Volvo Penta IPS800 engines with full joystick control. A Seakeeper 26 gyroscopic stabiliser keeps her stable both underway and at zero speed. An unusual bonus is the RINA classification for recreational craft. Rarely seen on a 23-metre vessel that will not be used for chartering, this was a special request by the owner to ensure the highest safety standards and enhance her commercial resale value.
October 17, 2018