Throughout yachting history, few superyachts have ever developed the international recognition from which the Maltese Falcon benefited ever since her delivery in 2006. Built for the late venture capitalist, Tom Perkins, the 88-meter yacht was until recently a contender for the title of largest sailing yacht in the world.
Even though her claim to the crown was recently overtaken by the 106-meter Black Pearl, the Maltese Falcon remains to many one of the most iconic yachts ever built. Sold to Elena Ambrosiadou at an asking price of €70 million in 2009, the 88-meter is also one of the largest yachts available for charter with a rate starting at $400,000 per week.
Commissioned in 2000 by Tom Perkins, the Maltese Falcon took nearly six years to complete and was eventually launched in 2006. Built by Perini Navi, the Italian shipyard now famous for their sailing yachts, the 88 meter's most innovative attribute became her sails that could rotate based on the direction of the wind. This was a first for the yachting industry.
The project was initially based on an incomplete 88-meter hull that Perini Navi had at a facility in Turkey following a canceled order. Interestingly included as an owner supplied item in the building contract, the masts and sails' design initially originated from a fuelling crisis. "While looking into the possibilities I came across the Dynarig ?- a square-rig concept developed by the German government during a fuel crisis to reduce the fuel consumption of merchant ships." recalled Perkins in 2013 with BI.
"This rig inspired me and I looked into its possibilities with the naval architect Gerry Dykstra. I went to his studio and listened to his ideas for applying modern technology to the original primitive concept, using three unstayed carbon fiber masts, each fitted with elegantly curved, fixed yards that would allow the yacht to sail upwind. I was impressed with his ideas and said, ?'Fine, let?'s do it,'? and left.? After the meeting, Dykstra looked at his team in some alarm and said, '?My God, where do we go from here?"
This innovative system that allows the Maltese Falcon to even sail against the wind also gives her advanced cruising abilities. During her first sea trials, she achieved a cruising speed of 16 knots on. In a storm in the Gulf of Lion, France she achieved a top speed of 26 knots under sail alone, with the equivalent of 7,500hp generated through her Dynarig set up.
Three years into his ownership of the Maltese Falcon, Perkins, however, sold her to hedge fund manager, Elena Ambrosiadou at an asking price of €70 million, reportedly at least breaking even on the sale.
"The high point of my ownership was entering San Francisco harbour, when literally tens of thousands of well wishers turned out to see the Maltese Falcon sail beneath the Golden Gate." Perkins explained BI.? "But that was just about the furthest she ever got from Istanbul. ?She was in such demand as a charter yacht and commanded such high fees that I simply couldn't refuse. But this meant keeping her in the Caribbean and the Mediterranean, and I soon got bored with that.? So, in 2009, after three years, this remarkable yacht was sold."
Designed by Ken Freivokh, the Maltese Falcon was extensively refurbished in 2015/2016 during a refit. One of the most active yachts on the charter market, she accommodates up to 12 guests.
The 88-meter yacht's main deck serves as communal space for the guests' entertainment. Aft of the deck is a large, outside dining room with a bar and cocktail space flowing into the Falcon's main salon.
Split with the outside world by a circular bar, that can be closed off in the middle for part of it to remain inside, which is particularly useful during long crossings, the formal main salon acts as a lounging space for guests.
Featuring three comfortable sofas and windows on either side of the yacht, the main salon leads directly onto the staircase that connects each one of the decks.
Forward of the main deck are two formal, separate lounges that can act as a private study, a space for business meetings or simply a nice spot to play cards. These two areas open up to a formal dining area located towards the bow of the yacht.
A more formal location, mainly used in times of bad weather, the dining room located forward of the main deck sits twelve, similarly to the outside dining table found aft of the main deck.
Forward of the dining room are two doors that allow guests to exit onto the deck.
Accommodating up to 12 guests, the 88-meter sailing yacht features four cabins on the lower deck with an additional, convertible one. Designed with clear wood and black & white panels, the reoccurring theme of the Falcon is found in a fashion or another in every room on the yacht.
Although the yacht's main VIP cabin is located aft of the lower deck, an additional VIP cabin can be created by combining two regular cabins forward of the deck through the use of a sliding wall. The forward cabin then transforms into a lounging space for its guests, further creating a his and hers bathroom layout thanks to the additional space.
Stretching across the full beam of the yacht, the original VIP cabin occupies more space than even the master's cabin on the upper deck. Featuring a large bathroom and a lounging space aft of the cabin, the VIP lies aft of the lower deck and is decorated with precious works of art, as are most of the rooms on the Maltese Falcon.
Even more impressively, the master cabin is located on its own deck, up on the upper deck. With a clear view opening from the stateroom's bed onto the Maltese Falcon's aft deck, the stateroom features a private, outdoor lounging area.
On this private deck, which also doubles as a sundeck are several lounging chairs located all around the space. In the middle of the deck is an outdoor, circular, casual dining table. A large, square Jacuzzi completes the sundeck's layout towards its aft.
Amongst the long list of the Maltese Falcon's impressive amenities is its ability to transform the lounging space located towards the bow of its sundeck into a cinema. Installing lounging chairs forward of the sundeck and projecting movies onto the bottom part of her forward sail transforms the Falcon into one of the most theatres on the water.
A popular charter yacht, the Maltese Falcon also boasts a long list of toys for its more dynamic guests. In addition to the two large tenders that it carries on her bow, the Falcon features an inflatable water slide, deployable from its sundeck.
"Irrespective of his amazing achievements before and after, Maltese Falcon remains Tom’s most defining moment." Ken Freivokh told BI in 2013. "He once confided that he would not go down in history for his corporate successes, such as having set up the most successful Venture Capital company ever, a firm that takes credit for the establishment of Los Angeles’ Silicon Valley and the technology that has poured from it, but for having built the Maltese Falcon."
Born in New York in 1932, Thomas Perkins passed away in June 2016 at the age of 84. Haing graduated from MIT and Harvard, Perkins' first key career move came as he helped develop Hewlett-Packard under Bill Hewlett and Dave Packard.
In 1973, Perkins founded Kleiner Perkins together with his former colleague, Eugene Kleiner, hence establishing one of the first venture capital firms on Sand Hill Road. His firm became one of the most succesful VC funds in history, leading investments into Compaq, Google, Amazon and Netscape. In 2014, Forbes estimated his net worth at $8 billion.
"Tom was a pioneer in the venture capital industry." commented Frank Caufield, a partner at Kleiner Perkins at the time of Perkins' death. "He defined what we know of today as entrepreneurial venture capital by going beyond just funding to helping entrepreneurs realize their visions with operating expertise. He was there at the start of the biotech industry and the computer revolution."
Perini Navi, the shipyard under whose brand the Maltese Falcon was built, had a long standing relationship with Perkins prior to starting on the construction of the 88m yacht.
After starting up with a series of small sailing boats, Perkins was introduced to Fabio Perini and ultimately commissioned the 43-meter Andromede la Dea from him. The sailing yacht was delivered in 1987 and became the second yacht ever built by the Italian shipyard. Now known as Paz, the sailing yacht was a turning point for the sector in general.
Three years into his ownership of the 43-meter, Perini brought the designs of a larger scale project to Perkins, who decided it was time for an upgrade. The 47-meter Andromeda La Dea was delivered by the Italian shipyard in 1990. Onboard her, Perkins explored destinations such as Antartica and Alaska.
Shortly prior to his sale of the Maltese Falcon to Elena Ambrosiadou, Perkins decided to look into a new side of yachting and bought a personal submarine. The underwater Falcon could reach depths of up to 400 meters and basically fly underwater.
In order to have a suitable yacht for using the Falcon following his sale of the 88-meter sailing yacht, Perkins purchased a 37-meter Japanese training ship and had it converted at a shipyard in the Philippines. Amongst the adventures of the newly refitted Dr No was following whales in Tonga even underwater thanks to the Falcon.
The Maltese Falcon's new owner, Greek hedge fund manager, Elena Ambrosiadou first saw the sailing yacht near the Greek island of Delos. Together with her ex-husband, Ambrosiadou founded Ikos, their own fund, in 1990 with $600,000 in assets under management.
By 2004, the fund was managing several billion using its math-based strategies and moved over half of its staff to Cyprus for tax purposes. Around the same time, as she purchased the Falcon, the two partners started splitting up with the rights to their trading algorithms widely debated in courted and, reportedly, through corporate espionage within the firm. "There is something extraordinary about the IT at Ikos... Ikos is designed to remove human emotions from trading decisions." one of Ikos' employees told Business Insider.
Was the Falcon really the largest sailing yacht?
Following her delivery and at the time of her sale in 2009, the Maltese Falcon was hailed by international media as the largest yacht in the world. Within yachting, however, this claim always led to vicious debates.
Indeed, whereas it is clear that 180-meter Azzam is the longest yacht in the world and Dilbar is the most voluminous, both of these are motor yachts. With sailing yachts, the ranking is however much more opaque due largely to the measurement that is used.
Loaded waterline length, known as LWL, is the measurement of the length of a vessel from the points where it sits in the water. On the other hand, length overall, abbreviated as LOA, is defined as the maximum length of a yacht's hull, which for sailing yacht also includes the bowsprit, a key factor when measuring a sailing yacht and part of the difficulty in this ranking.
The Maltese Falcon's claim rested on its LOA measurement of 78.21-meters and the fact that she did not have a bowsprit to offset calculations. The 90-meter Athena, built for Jim Clark, Founder of Netscape in which Kleiner Perkins was an investor, was longer in absolute length but had a long bowsprit, which led to long debates.
The main contender to the title, other than the Falcon, was however the 93-meter Lurssen, EOS. Built for Barry Diller, the sailing yacht topped the rankings both in LOA and LWL. Since the yacht had a bowsprit, some argued that her length at waterline should be used (83m) whereas the Falcon should be measured in total length (88m), hence putting her on top.
Recently, this debate was rendered moot by the launch of the 106-meter yacht, Black Pearl by Oceanco. Designed by Ken Freivokh and with naval architecture by Dykstra, the sailing yacht features a Dynarig system, similar to the one found on the Maltese Falcon.
Whereas the Maltese Falcon may no longer be the largest sailing yacht in the world, her build has inspired many of the innovations later found on sailing yachts. As a testament to her popularity, she remains in high demand for charter, over 10 years after her initial delivery.
Northrop & Johnson presents Maoria, a 2021 Numarine 26XP, now available for sale. Listed by esteemed Yacht Brokers Ali Tanir and Sean Doyle, Maoria is priced at EUR4,400,000 and is currently located in the picturesque South of France. This remarkable vessel is the first Numarine 26XP to receive charter class certification and features an exquisite sauna on the lower deck, making it the perfect choice for discerning charter guests.Designed for global cruising with elegance, Maoria boasts sleek, modern lines and generous outdoor spaces. The aft deck invites relaxation with a comfortable lounge area, complete with adjustable tables and seating for eight, ideal for alfresco dining or enjoying cocktails under the stars. Inside, the main saloon is bathed in natural light thanks to its floor-to-ceiling windows that offer panoramic views. The interior includes a spacious master cabin with a walk-in wardrobe, as well as two additional guest staterooms, both featuring ensuite bathrooms, and stylish furnishings throughout.The sundeck serves as a premier entertaining space, featuring a dining table for eight, barbecue, sunbeds, and a fully stocked bar. For those seeking a private retreat, the lower deck sauna and shower provide the perfect respite after a day of adventure. Performance-wise, Maoria impresses with a top speed of 14 knots and a cruising range of up to 2,500 nautical miles, complemented by zero-speed stabilizers for enhanced comfort while anchored or cruising.Equipped with an array of water toys – including a 5m tender, Jet Ski, and snorkeling gear – Maoria opens up a world of exciting possibilities for exploration. Numarine, a European high-performance motor-yacht shipyard headquartered in Istanbul, offers a range of yachts from 19 to 45 meters.Credits: Northrop and Johnson
November 18, 2024
Sunreef Yachts has unveiled the first look at the interiors of its groundbreaking hybrid catamaran, the Ultima 111, which was introduced just two months ago. New images released by the luxury boat manufacturer showcase the yacht’s serene and sophisticated interior features, including the stunning owner's stateroom and the expansive main saloon.The Ultima 111, measuring 36.25 meters, is a collaborative design effort between Sunreef and renowned Dutch design firm Phathom Studio, focusing on both interior and exterior aesthetics. This catamaran made its debut at the Cannes Yachting Festival in September and is set to be constructed at Sunreef's cutting-edge facility in Ras al-Khaimah, UAE. It will serve as the flagship of Sunreef's Ultima line, known for its blend of performance, style, and sustainability.Incorporating modern design elements, the yacht’s interior is crafted in two distinct palettes. The exterior features subtle automotive influences with a sleek grey hull and black glass framework. Inside, the design philosophy revolves around ‘gentle boldness,’ merging vibrant design with calming atmospheres. This approach juxtaposes dynamic features with soft, organic elements, creating spaces that are both energizing and tranquil.Material choices prioritize durability and environmental sustainability, with an emphasis on natural resources that align with a circular economy. The interior features a sophisticated mix of earth-toned shades and textures, enhancing the living experience through warmth and biophilic elements.“We understand our market and have essentially shaped the concept of luxury catamarans,” said Francis Lapp, Sunreef's founder and president. “Working with Phathom’s talented team allows us to introduce innovative ideas while staying true to our brand's essence, and we anticipate the Ultima 111 will resonate with a wide audience.”Phathom's interior design incorporates warm, tactile elements alongside organic curves that promote a sense of wellbeing, making the living spaces both modern and inviting.The Ultima 111 featuring all guest accommodations above the hulls for enhanced space and connection to the sea through expansive panoramic windows. The owner’s cabin boasts private access to a foredeck terrace suspended between the hulls.The main saloon impresses with high ceilings and abundant glass, while sliding doors open to a dynamic indoor-outdoor dining space, complemented by fold-down balconies. A sophisticated marble bar and inviting sofas complete the inviting atmosphere.The vessel also includes an ample upper deck lounge encased in glass, promoting fluidity between inside and out, and featuring an open-concept atrium staircase that enhances connectivity throughout the yacht. Enhanced privacy and efficiency are ensured with a thoughtfully designed crew flow.In addition to these features, Sunreef has announced the Ultima 111 will come with hybrid propulsion options – an innovative choice in the 30-40 meter range. The superstructure’s horizontal surfaces can house high-performance solar panels capable of generating sufficient power to support the yacht’s systems silently through the night.The exceptional beach club at the stern, augmented by fold-down wings, significantly increases space for relaxation, while a concealed drive-in garage accommodates a tender up to 5.5 meters in length – ensuring a clean aesthetic when not in use. Guests can also enjoy a lavish glass-walled hot tub with sun pads, perfect for soaking in stunning views.Sunreef recognizes its environmental responsibility and has integrated sustainable practices throughout the yacht, including the use of recycled materials to enhance strength while reducing weight. Options for renewable fibres and recyclable materials will feature within the yacht’s structure, ensuring a commitment to ecological consciousness."The Ultima 111, enhanced by its captivating interior, retains all the attributes associated with Sunreef yachts – efficiency, ample space, and luxurious comfort with minimal energy use,” Lapp concluded, highlighting the unique essence of their catamarans.Sunreef Yachts was founded by Francis Lapp in 2002 in Gdansk, Poland. Since then, the shipyard has been designing and manufacturing luxury sailing and power multihulls. Credits: Sunreef Yachts
November 18, 2024
Sialia Yachts has taken a significant step forward in its growth and innovation journey by appointing Milvio Ricci as the new Chief Commercial Officer of Sialia Yachts and its parent company, Silent Straits. This strategic move aims to redefine the zero-emission yachting industry, further establishing Sialia Yachts as a leader in eco-luxury yachting.Milvio Ricci boasts a robust academic foundation, with a degree in Electronic Engineering and an MBA from the University of Birmingham and SDA Bocconi, where he was President of the Bocconi Sailing Club. This pivotal role marked his entry into the yachting sector, leading him to a position as Business Development Manager at one of the largest yachting groups globally. In that capacity, Ricci directed market expansion and spearheaded key acquisitions, including the American dealer Allied Marine Group.Milvio RicciIn 2009, Ricci advanced his career by taking on roles as Brand Manager and Digital Communication Group Manager, and later served as Country Manager/Sales Director at Trend Group. In 2012, he joined Cerved Credit Management Group, where he established a department focused on the recovery and sale of leasing assets. More recently, Ricci has founded and managed several startups across luxury markets, services, and finance.With his extensive experience and strategic outlook, Milvio Ricci will oversee the organization of the group, manage the brand portfolio, and streamline processes, including sales, to enhance Sialia Yachts' market presence. His appointment underscores Sialia Yachts' dedication to becoming a pioneer in the eco-luxury yachting sector, promoting awareness of a sustainable future.“I am very pleased to join such an innovative shipyard,” said Ricci. “Our goal is to redefine the world of emission-free yachting, as we have already demonstrated with the Sialia 57 Deep Silence, which achieved remarkable success at its American debut at the Fort Lauderdale International Boat Show.”Founded in 2017, Sialia Yachts prioritizes sustainability and innovation in yachting. Led by Stanislav Szadkowski, the company specializes in eco-friendly boats, including the Sialia 57 Deep Silence and upcoming models.Credits: Sialia Yachts
November 18, 2024
Benetti unveiled M/Y Juno’s 7, the inaugural vessel of its Class 44M series, during a launch event in Viareggio. This remarkable yacht showcases the artistry of Cassetta Yacht Designers, featuring a design that emphasizes natural, informal settings across its four decks, reflecting the brand's rich heritage.Juno’s 7 represents a significant milestone for Benetti, as it is the shipyard's fiberglass flagship, merging excellence and tradition with a modern flair. Daniela Petrozzi, Benetti’s Sales Director, expressed her excitement, stating, “This yacht embodies our continued commitment to innovation while honoring our legacy. Cassetta Yacht Designers have expertly redefined the exterior and interiors, bringing a fresh perspective to our design ethos.”The design philosophy behind Juno’s 7 focuses on creating a relaxing atmosphere, intentionally steering clear of overly artificial or elaborate environments. The use of expansive transparent surfaces, such as hull mirrors in the main lounge, enhances the natural light and openness of the space.Material selection played a central role in the design. Highlights include the use of trowelled resin for bathroom surfaces instead of traditional marble – reserved only for the main deck's basins. The yacht features a diverse array of FSC-certified woods, including antique elm flooring that retains the wood’s natural knots and uniquely varied plank sizes. Striped ash paneling was chosen for the walls, meticulously curated to achieve the perfect aesthetic for the yacht.Juno’s 7 is tailored for extended and secure voyages, with a layout designed for maximum privacy and ample storage. The yacht boasts four decks: the main deck includes the owner’s cabin, a galley, a dayhead, and a spacious lounge with panoramic views; the upper deck features a helm station, expansive living areas, and an optional VIP cabin; the sun deck offers over 102 square meters of recreational space, while the lower deck houses four guest cabins and crew facilities. A unique beach club near the water's edge adds an independent, multifunctional area, complemented by a garage strategically located on the port side.Soundproofing is a standout feature, placing this 44-meter yacht at the forefront of its class through advanced floating floors, bulkheads, and cutting-edge flexible transmission couplings. Additionally, the yacht’s air-conditioning system ensures optimal climate control with six air exchanges per hour.Powered by twin MAN engines rated at 1,400 HP each at 2,300 r/min, Juno’s 7 can reach a top speed of 15 knots and offers an impressive range of 4,100 nautical miles at a cruising speed of 11 knots.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Benetti
November 15, 2024
The Italian Sea Group marked a significant milestone with its brand Tecnomar for Lamborghini during the European premiere of Automobili Lamborghini's latest super sports car, the Temerario1.Over 400 automotive enthusiasts arrived at Lamborghini Day Germany, hosted at Luftschiffhangar Mülheim near Düsseldorf, showcasing their extraordinary super sports cars. The event offered a thrilling 360-degree celebration of the iconic brand and unveiled the Temerario1, a remarkable Fuoriclasse super sports car boasting a powerful 920-hp twin-turbo V8 hybrid powertrain.As a partner for the occasion, Tecnomar for Lamborghini curated a unique experience using its Ad Personam configurator, enabling guests to customize their own Tecnomar for Lamborghini 63 yacht. A stunning scale model of the yacht captured the attention of attendees, emphasizing the dynamic synergy between the realms of Tecnomar and Lamborghini through their shared attributes of sportiness and power.The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters. Credit: The Italian Sea Group
November 15, 2024