The federal government of Malaysia has reportedly spent around $3,500,000 on maintenance of Oceanco superyacht Equanimity since her reclaiming in August, 2018.
A written notice from Malaysian Finance Minister, Lim Guan Eng states that around $2,700,000 was spent between August and December last year, with the rest counted until March this year.
He also explained that Wilson Yacht Management Ltd experienced and expert in maintaining luxury ships had been appointed to maintain the vessel.
"Since August until December last year, the total cost spent on the vessel is 11,000,000 Malaysian Ringgit, including to cover maintenance, repair, fuel, legal fees, insurance, and other related expenses related to the process of selling the yacht," commented Lim.
Equanimity is now docked in Langkawi, a district and an archipelago of northwestern Malaysia. She remains under custody of the Kuala Lumpur High Court, according to Lim.
The government, opted a direct sale, encouraging parties potentially interested in purchasing Equanimity approach the government or 1Malaysia Development Berhad (1MDB). However, no bids made during the first phase were agreed upon.
Equanimity, that currently belongs to the Malaysian government, is to be sold for no less than $130,000,000, which halves her initially estimated price of $250,000,000.
It was earlier reported that the revenue made of the vessel’s sale was to be paid to the court and placed in a bank account in Malaysia, as approved by the Accountant-General.
Security matters and finding ways to protect their assets, crew, and guests from such dangers as pirates or paparazzi, have been in focus of the yacht owners for years. Security systems deployed onboard normally depend on the owner’s profile, the assets in question and the locations a system would be operating. Increasingly, the owners order security systems that can automatically monitor, detect, track, classify and alert operators to approaching objects in the proximity of a yacht. There are some technical devices, normally deployed for better protection.When it comes to paparazzi, one of the most helpful device would be anti-drone protection. Such equipment would detect and identify commercial drones within a 20+km range, providing GPS positioning of both drone & pilot together with the drone’s speed and heading. When a real drone has been detected, the system enables creation of a 500 metre plus electronic ‘exclusion zone’ around the yacht. Once the drone approaches this zone, its control/video signals would be blocked, forcing it to land or return to operator. One of the most popular examples of anti paparazzi protection on a superyacht, is Russian billionaire Roman Abramovich chosing to install a special shield system against paparazzi on his 162.5-metre Blohm+Voss superyacht Eclipse, built in 2010.According to The Times, the device is capable of fixing the activity of the photosensitive elements on digital cameras, and disables them with a direct laser beam. The system works under both automatic and manual modes.The fourth in his private fleet, Eclipse was famously built for Russian billionaire, Roman Abramovich and the owner of Chelsea football club, as the largest yacht in the world (at that moment), a title that she held until the delivery of the 180-metre Azzam in 2013.M/Y EclipseEclipse also comes fitted with an underwater mini-boat and two helipads in case of emergencies. The initial price of the yacht was rumoured to amount to € 350 million, but additional equipment might have increased her value to € 800 million.According to Forbes interview with Johannes Pinl of superyacht privacy and protection company MARSS, nowadays onboard CCTV, access control (door locking systems) and deck mounted pressure sensors likely to ‘form the basis of most standard superyacht security packages.’These will be connected over an onboard network and managed from the bridge or a central control security room. Long-range daylight and thermal imaging cameras can have a dual function for both navigation and security use cases. Such cameras can be equivalent to military specification and are mounted on the mast to provide a long distance visual capability around a vessel.He also stresses out that the key important thing is ensuring awareness among the crew to increase reaction time and make better decisions based on a clear assessment of a situation.Meanwhile, one of the recent security devices installed by MARSS on a 100-metre plus superyacht, was NiDAR 360° degree surveillance system integrating multiple sensors to provide automated monitoring, detection, tracking and classification of objects in the vicinity of a vessel.Operating autonomously at 24/7, NiDAR tracks both known and unknown surface and air objects. Smart software algorithms automatically analyse and rank threats, triggering alerts to notify crew and security personnel as required.
July 23, 2019
French high fashion house Chanel has launched its own yacht club at Shelter Island, New York. The space was arranged to celebrate the 20th anniversary of iconic J12 watch by Chanel, whose original design had been inspired by the J-Class racing yachts.Photo: Dave Kotinsky/WireImageThe area lays within a famous Sunset Beach Hotel on Long Island owned by a real estate mogul André Balazs, along with The Chiltern Firehouse in London, Chateau Marmont in Los Angeles, and The Standard hotel chain. Photo: Sam FrostThe press release states:The J 12 Yacht Club reflects a modern-day interpretation of a yacht club, as only Chanel could imagine it. From the shores of Shelter Island Sound, visitors will be immersed in Chanel's take on island living, complete with customised umbrellas, coolers, surf boards, badminton and ping pong.The area also comes fitted with a stylish games room featuring a selection of classic board games. The brand has also taken over the Sunset Beach boutique, creating a one-of-a-kind space for guests to discover the new J 12 collection. The yacht club was open to public from July 17 to July 21, 2019, while July 20 saw the celebration of the J 12's 20th anniversary with fashion celebrities on the guest list and a performance by a superstar musician Billie Eilish.Photo: Sam FrostThe high-fashion conglomerate Chanel S.A. is one of the most influential and commercially successful fashion houses in the world. With the brand value estimated at $ 9 billions, Chanel is ranked #79 in the list of World's Most Valuable Brands 2019 (Forbes). The company is privately owned by Alain and Gerard Wertheimer, grandsons of Pierre Wertheimer, who was an early business partner of Coco Chanel.
July 23, 2019
Dutch builder Royal Huisman has revealed its latest superyacht concept ahead of Monaco Yacht Show 2019. The 88-metre sailing superyacht Project Lotus is conceived as a twin-mast Dyna-Rig vessel.The project features design by British ThirtyC Design, along with naval architecture by Dykstra Naval Architects, based in Holland.Project Lotus will be highlighted through complete customisation, open spaces, reduced complexity in terms of both rigging and crew as well as an engineering package that fits both luxury and agility on the water.More information on the project shall be expected at the start of the Monaco Yacht Show 2019, where some of the largest premieres of 2019 have already been confirmed for participation.In the meantime, the builder is busy constructing the 55-metre superyacht project Phi at Vollenhove facility.
July 23, 2019
Italian leading yacht builder Benetti has delivered the eighth hull in Benetti's Fast 125 Series, Project BF108, or Bangdang.The project has been overseen by Jim Evans, Managing Director of SuperYachtsMonaco. Bangdang features dynamic exterior profile with clean sporty lines by Benetti’s long-term collaborator Stefano Righini.The 38.1-metre yacht’s standout features will comprise a large sun deck with a spa pool surrounded by sunpads, a vast beach club venue with a bar area and multiple outdoor areas for dining and socialising in the sunshine.The interiors of Bangdang were developed from the boards od British design studio RWD, bringing modern minimalistic profile based on their contemporary Air theme, also complimented by light eucalyptus and bay wood throughout.Spacious and open, Bangdang will be able to house up to 11 guests across 4 cabins including and a full-beam master suite on the main deck, along with accommodation for a 7-person crew on the lower deck.One of the model’s trademarks, the state-of-the-art propulsion system with steerable carbon thrusters, was developed in collaboration with Rolls-Royce. The Azipull C65 system improves manoeuvrability whilst reducing fuel consumption for smooth and efficient sailing.Thus, Bangdang is a high-performance yacht, propelled by twin 2636hp MTU 12V2000 M96L engines to a top speed of 24 knots and a cruising speed of 12 knots under range of 1,750 nautical miles.
July 22, 2019
A renowned tennis player Rafael Nadal ranked 2nd in the men's singles rating, has commissioned an 80 Sunreef Power catamaran with Polish multihull specialist Sunreef Yachts. It has been earlier rumoured in the press, that Nadal has put on sale his 23.5-metre MCY 76 Beethoven asking £2.3million.While Nadal’s fully customised vessel is due for 2020 delivery, the first unit in the range will debut at Cannes Yachting Festival 2019.The model’s distinctive features comprise stainless steel portlights, high bulwarks and subtle ambient lighting. She comes equipped with a garage for a tender and Jet Ski, as well as numerous other water toys.The vessel comes with a number of options for the upper deck, including a waterfall-fed spa pool, upper helm position, bar area and retractable hard-top.The 23.5-metre provides accommodation for up to 12 guests and four crew members. Her power options can be chosen from either twin 575hp engines or twin 1,200 hp engines.Nadal commissioned the yacht after chartering a number of Sunreef catamarans and meeting yard founder and president Francis Lapp at last year’s Cannes Yachting Festival. Rafael Nadal expressed himself: As someone from an island as I am, the sea is part of our lives and it’s not a secret that I love the sea. Every time I am at home in Mallorca I try to go out and find that time where I can just enjoy my time on a boat. I am very happy to be on board of this Sunreef Yachts family.With 82 titles overall including 18 Grand Slam victories as well as a record 34 ATP Tour Masters 1000 titles, Rafael Nadal is one of the world’s most renowned and highest-paid athletes. The 3rd all-time leading tennis player in terms of earnings, Rafael Nadal earned $35 million in 2019 only, according to Forbes.
July 22, 2019