In the spotlight throughout a long-running case around Malaysia's sovereign wealth fund 1MDB, the 91-meter Equanimity is now being auctioned for a nine-figure sum by Malaysia's government. Built by Oceanco, the superyacht was delivered with one of the largest spas ever seen onboard a yacht.
Equanimity was, however, famous across the yachting community, well before being pushed into the limelight by this case, for its extensive spa area on the lower deck, plunge pools and highly customised interior. At 2,998 gross tons of interior volume, the yacht still sits as the 65th largest yacht in the world.
1MDB was created in 2009 as a sovereign wealth fund with over $4 billion under management to invest in strategic projects. After a series of investments in energy and real estate, a controversy around the fund began as to whether funds had been misappropriated throughout this period by management and government officials.
Later investigations led to asset seizures spearheaded by the US DoJ, amongst which was Equanimity. It was then claimed that her owner, financier Jho Low, had ordered the yacht using profits that were connected to 1MDB's real estate dealings and off-shore accounts totalling over $250 million for the yacht's purchase and upkeep.
Financed also in part through a loan by Sotheby's financial against art works, Equanimity was delivered in 2014 and introduced at the Monaco Yacht Show later that year where she won the award of finest yacht. Amongst her main highlights was an extensive spa area that spanned a large part of her lower deck.
Following developments in the 1MDB case, the DoJ moved to seize Equanimity in June 2017 as part of their effort to recoup an estimated $400 million in alleged profits from Low. The yacht was eventually seized in Indonesia at the request of Malaysian authorities. According to a spokesman for Equanimity (Cayman) Ltd, this was done in violation of Indonesian and American court rulings.
Following the seizure, the yacht was transported to Malaysia where finance minister, Lim Guan Eng said an auction of the yacht was to take place. It is now understood at least nine figures were being sought for the yacht at the auction, which is expected to be completed by March 2019.
Equanimity was, however, famous across the yachting community, well before being pushed into the limelight by this case, for its extensive spa area on the lower deck, plunge pools and highly customised interior. At 2,998 gross tons of interior volume, the yacht still sits as the 65th largest yacht in the world.
The 91-meter's spa is akin to that of a megapolis' 5-star hotel. Incorporating plunge pools, massage areas, saunas, experiential showers, hammams, jacuzzis and a gym all designed with the most precious of materials, it directly connects to a beach club from which guests can swim out into the ocean.
Equanimity's 5 decks are connected by a grand staircase coupled with a glass elevator. Accommodating up to 22 guests in 11 cabins, the yacht was the first one to be built to comply with the new Passenger Yacht Code. Carrying a crew of 31, the yacht can cruise for up to 5,000 nautical miles at a speed of 15 knots, with its top speed at 18.5 kn.
Aft of its second deck, Equanimity features a large helipad, typically covered with lounging sofas and sun beds when not in use. Forward of the helipad is a 20sqm spa pool sitting in front of the entrance to the yacht's spacious main salon. Throughout the deck, guests are kept within the atmosphere of a luxurious, relaxing spa.
Inside, across the yacht's lounges and cabins can be found a continuing theme of the sea rendered through a clever use of sculptures, ornaments and glass. Centred around a clear colour scheme with tall windows throughout, Equanimity's interior almost acts as an extension of the sea wherever the yacht cruises.
Equanimity's staterooms, styled like a luxurious, modern hotel, are spread out into a master cabin with a study, which can be converted into a double cabin, a VVIP suite, 3 VIP cabins, as well as an additional 2 double and 2 twin cabins spread out throughout the yacht's main deck, giving good views to all guests.
Fully-equipped, the 91-meter's gym can be used underway but is best enjoyed when at anchor, with a fold down platform that opens up onto the sea and lets guests exercise practically on the water. Equanimity also comes complete with two custom-designed, 10-meter Hodgdon tenders to ferry around her guests in style.
Malaysia's auction will see qualified buyers making sealed bids for the yacht in view of a sale that is set to complete by March 2019. Whilst the exact asking price is for the moment unknown, officials are looking for a 9 figure number according to various press reports. This becomes the 2nd high profile yacht auctioned off this year, following the 95-meter Oceanco, Indian Empress, which was sold earlier this year for €35 million during an auction in Malta.
Royal Huisman makes waves once again with Noir, an 81-meter sailing yacht, setting a new standard in superyacht excellence. Designed by Malcolm McKeon, Noir boasts the world’s tallest sloop rig at 93 meters, embodying the epitome of luxury and performance.McKeon, the mastermind behind this groundbreaking design, envisions Noir as the ultimate vessel for the owner's pleasure and adventure with loved ones. With a contemporary profile featuring a reverse bow and a flying bridge, Noir offers ample outdoor living space and unparalleled connectivity to the sea.An experienced sailor himself, Noir's owner prioritizes speed, power, and responsive handling, ensuring an exhilarating sailing experience. The yacht is tailored for world cruising and exploration, equipped with a 14-meter tender for coastal excursions without the need for yacht repositioning.Crafted from aluminum and powered by electric drives, Noir combines cutting-edge technology with sleek design. Rondal supplies the mast, boom, and integrated sailing system, contributing to Noir's status as the world's tallest sloop.Noir's interior, designed by GCA Architects, promises to harmonize with the contemporary exterior, blending natural materials and textures for a luxurious yet relaxed atmosphere. With details kept under wraps, anticipation for the unveiling of Noir's interior design continues to grow.Royal Huisman CEO Jan Timmerman expresses pride and gratitude for being selected to bring Noir to life, marking a significant milestone in the shipyard's 140-year history. As the fourth yacht to join the ranks of the world's Top 10 largest sailing yachts, Noir solidifies Royal Huisman's reputation as a leader in bespoke yacht craftsmanship and innovation.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
April 24, 2024
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April 24, 2024
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April 24, 2024
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April 23, 2024
Yonca Shipyard, a renowned builder of state-of-the-art composite vessels with a strong presence in the defense sector, has announced the launch of Mishi Yachts, a new brand targeting the sailing superyacht market.With a sprawling facility covering 44,000 square meters, half of which is under cover, Yonca Shipyard is equipped to construct vessels up to 160 ft in length and weighing over 400 tonnes. The yard's cutting-edge construction capabilities enable the production of up to 20 naval and leisure yachts annually.While excelling in various materials, Yonca's expertise lies in high-speed composite vessels, renowned for their robustness, seaworthiness, and impressive top speeds ranging from 40 to 80 knots.Şakir YılmaztürkChairman and founder, Şakir Yılmaztürk, expressed the shipyard's enthusiasm for venturing into the leisure marine sector. "Yonca Shipyard is esteemed in the defense industry and has served as the builder behind other esteemed yachting brands," said Yılmaztürk. "With 36 years of honed skills and capabilities, we are delighted to introduce Mishi Yachts, focusing on luxury sailing superyachts."Mishi Yachts' debut offerings include designs for an 88 ft and a 102 ft luxury sailing yacht, embodying the expertise and craftsmanship synonymous with Yonca Shipyard. The yard collaborates with renowned naval architects and designers to ensure superior performance and enduring quality.Yonca's proficiency in complex mold design and flawless composite work positions it as a leader in the industry. From CNC milling to vacuum infusion, the yard's meticulous approach ensures impeccable standards in fiberglass construction. Additionally, its finishing capabilities, including woodworking and stainless steel fabrication, further attest to its commitment to excellence.Mishi Yachts management board: Şakir Yılmaztürk, Erdem Yılmaztür and Didem Yılmaztürk Ulusoy"We are driven by the same passion and dedication that fueled our inception in 1986," stated Yılmaztürk. "Our reputation for composite craftsmanship and engineering excellence positions us to seize opportunities in the superyacht market. We look forward to delivering exceptional vessels that embody the essence of Mishi Yachts."Founded in 1986, Yonca Shipyard aimed to lead in fast boat design and advanced composites. Despite doubts, handcrafted boats reflected our vision. Now an industrial-scale enterprise, the shipyard produces cutting-edge pleasure, commercial, and naval craft. Yonca Shipyard delivered more than 180 ships and boats, specializing in fast interceptor craft and patrol boats for defense and law enforcement agencies.Credits: Pozitif Studio/Yonca Shipyard
April 23, 2024