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.
Northrop & Johnson has been named the exclusive sales broker by Ares Yachts for the globally anticipated sale of the shipyard’s flagship, Simena. Currently in the outfitting stage in Antalya, the 62-meter superyacht is slated for delivery in March 2025.“We are pleased to collaborate with such a reputable company,” states Kerim Kalafatoğlu, Chairman of Ares Yachts. “We trust Northrop & Johnson to introduce our remarkable flagship to the market and promote her effectively.”“Northrop & Johnson is honored to represent Ares for the sale of the magnificent 62m Simena, set for delivery in March 2025. Ares has established itself as a leading shipyard in Turkey with an exceptional track record of over 230 vessels. Simena presents a rare opportunity to acquire a yacht of exceptional quality at a competitive price,” says Patrick Coote, Europe Managing Director of Northrop & Johnson.Simena, Ares Yachts' 62-meter flagship, entered the outfitting stage in November. The completion of outfitting, including joinery work, will precede the installation of the rigging system.Kerim Kalafatoğlu and Patrick Coote“Exterior paintwork is in progress, and the superstructure and hull connection have been completed,” shares Piraye Sahinkaya Orhun, Managing Director of Ares Yachts. “Construction of the mahogany planking for the superstructure and doghouse is underway, along with the insulation, wiring, and piping from the aft crew accommodation.”Designed by Taka Yacht Design and Design Unlimited, Simena epitomizes classical and modern design elements. The vessel, designed to RINA Class C standards, boasts traditional teak decks and varnished Sipo Mahogany exterior joinery.Accommodating up to 12 guests and nine crew members, Simena offers luxurious onboard living. Its owner’s suite is strategically located forward on the main deck. Equipped with a sophisticated hybrid drive system, the yacht can operate silently under electric power at speeds up to 6 knots. Additionally, a 882 kW diesel engine complements her 220kW electric motors, allowing for a top speed of 14.5 knots and a cruising range of 4,000 nautical miles at 11 knots.To maintain the yacht’s clean interior aesthetics, modern design elements have been discreetly integrated, including hidden TV lifts in the saloon and master suite. Walnut forms the basis of the interior, complemented by textured leathers, fabrics, and antiqued brass accents. Showers feature a blend of patterned tiles alongside Calacatta Oro and Patagonia White marbles, offering a blend of contemporary comfort and classic elegance.Ares Yachts, situated in Antalya Free Zone on Turkey’s south coast, spans 40,000 square meters of build space across four large sheds. Besides Simena, the shipyard is concurrently working on other projects, including the 50m motor yacht Spitfire and a 54m explorer yacht known as Project Atlas. Additionally, Ares Yachts is developing a 65-85m yacht range in collaboration with Lateral Naval Architects.Credits: Northrop & Johnson
April 25, 2024
As the Palma International Boat Show commemorates its 40th anniversary, it sets its gaze firmly on the future with two groundbreaking initiatives: an economic impact study and certification as a sustainable event. Organized by the Regional Ministry of Enterprise, Employment, and Energy, in collaboration with the Balearic Islands Institute for Business Innovation (IDI) and the Balearic Yacht Brokers Association (BYBA), the fair opens today at Palma’s Moll Vell.The economic impact study, conducted in partnership with the Directorate General of Economics and Statistics of the Ministry of Economy, Finance, and Innovation, aims to assess the fair's contribution as an economic driver for the city and the region. Simultaneously, the fair is pursuing certification as a sustainable event, committing to minimizing its carbon footprint and promoting responsible practices.With a record 295 exhibitors, including international companies, the event promises to showcase an array of quality nautical products across its 86,000-square-meter venue. Notably, the Palma Superyacht Village will feature a dedicated area for boats over 24 meters, complemented by the introduction of the Superyacht Square, emphasizing innovation and sustainability.As part of the anniversary celebrations, the Balearic Superyacht Forum, the first international superyacht forum in the Balearic Islands, will convene around 300 industry professionals, enthusiasts, and experts to discuss the sector's future. Additionally, the fair will pay tribute to the companies that have contributed to its success over the years, recognizing their pivotal role in shaping the event's legacy.The 40th-anniversary festivities will culminate in a series of activities on April 26th, featuring music, entertainment, and a captivating drone show. Credits: The Palma International Boat Show
April 25, 2024
ISA Yachts reveals the initial glimpses of the ISA Custom 80 meters as it embarks on its interior outfitting phase. Designed by Espen Øino International for the exterior and Peter Marino Architect for the interior, this flagship project marks a new milestone for the shipyard. With a gross tonnage of 2150 GT and a length of 80 meters, the vessel is scheduled for delivery in 2026. In addition to this custom 80-meter, currently at the Ancona Shipyard there are other three ISA Yachts-brand constructions under way: an 80-meter of the Gran Turismo line (with exterior and interior by Enrico Gobbi Team for Design) due to be delivered in 2027, and two 66 meters. One of these has both exterior and interior designed by the Nuvolari-Lenard Studio, while the other has exterior design by Vallicelli and interior design by Enrico Gobbi – Team for Design, and they are set to be presented in 2026.Dedicated to producing forward-thinking superyachts made only with superior quality materials, ISA Yachts is a leading global superyacht and megayacht builder. Every ISA superyacht is uniquely designed to her owner’s briefs, and is built using the highest technology, the best quality materials and the finest furnishings and finishes. Currently in build are two 80-meter projects due to become the new ISA Yachts flagships. ISA Yachts is part of Palumbo Superyachts, which also includes: Columbus Yachts, Mondomarine and Extra Yachts.Credits: ISA Yachts
April 25, 2024
Denison Yachting celebrates the successful delivery of superyacht Extra Time, the second hull in Conrad Shipyard's esteemed C144S series. Yacht broker Alex G. Clarke lauds Conrad Shipyard's exceptional craftsmanship, highlighting the collaboration with Reymond Langton Design and Diana Yacht Design as a testament to the vessel's quality.Extra Time boasts luxurious amenities, including a spacious tender garage, beach club, hot tub, and accommodations for up to 12 guests. Built to Lloyds MCA LY3 standards, the yacht features a steel hull, aluminum superstructure, and impressive technical specifications. Clarke, who attended the christening ceremony in Gdańsk, praises the dedication of the Conrad Shipyard team and expresses confidence in the yacht's performance.With Hull #2 and #3 sold, Denison Yachting now offers Hull #4 exclusively for sale, asking €27.7 million, available with a late 2026 delivery.Conrad Shipyard is located in Gdansk, Poland and specializes in building steel, and aluminum luxury yachts ranging from 24 to 100 meters in length.Denison has long been a leader in the yachting industry with a rich family history dating back to 1948, and the start of Broward Marine in Fort Lauderdale. Today, the company provides complete yachting services worldwide, including superyacht sales, yacht charter, crew placement, and new construction. Denison operates out of 21 waterfront offices in the United States, and one location in Monaco with a team of 100+ licensed and bonded yacht brokers. Credits: Denison Yachting
April 25, 2024
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