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.
Italian builder Extra Yachts has launched the first 28-meter X90 Fast motor yacht, with plans to display the vessel at the Cannes Yachting Festival 2025. The GRP-built yacht, sold through broker Kristina Falkone of Aberton Yachts, features exterior and interior design by Hot Lab with naval engineering by the shipyard.The X90 Fast offers 86 square meters of exterior deck space across three cockpit levels - a dining area for 8-10 guests, lounge seating, and a waterside sunbathing platform. Interior spaces include four guest cabins with the master suite positioned amidships to utilize the 7.1-meter beam. Crew accommodations consist of two cabins forward.Powered by triple Volvo Penta IPS1350 engines (1,000hp each), the yacht reaches a top speed of 30 knots with a cruising speed of 24 knots. At 12 knots, the range extends to 1,000 nautical miles. Design features include concealed hull windows, an open galley with retractable windows separating the salon from the aft deck, and dedicated crew passageways to minimize guest area disruptions.The X90 Fast will be shown alongside other Extra Yachts models at Cannes from September 9-14, 2025. The launch marks the shipyard's continued expansion of its performance-oriented X Series, which currently ranges from 76 to 130 feet. Extra Yachts specializes in the development of yachts with a strong personality. Its distinctive lines are combined in a variety of motor yacht models ranging from 76' to 130' and a 30-meter motor catamaran. Developed thanks to the advanced technical experience of ISA Yachts, Extra offers customers all the advantages of being part of the Palumbo Superyachts network.Credits: Extra Yachts
July 15, 2025
Wally has completed construction of the second wallywind110 sailing yacht, scheduled for its world premiere in late August in Costa Smeralda. The 33.5-meter vessel shares the same judel/vrolijk & co-designed performance hull and carbon construction as its sistership Galma, while introducing several custom modifications.Key updates include a sand-grey hull color scheme, lighter interior finishes, and a reconfigured lower salon with a multifunctional workspace replacing the bar area. The VIP cabin now features a sliding bed system converting between single and double configurations. Studio Santa Maria Magnolfi maintained the exterior and interior design continuity with the first unit, preserving the wallywind series' signature elements: dedicated helm stations, integrated swim platform, and expansive guest areas.Performance features include a telescopic keel (adjustable from 4.5 to 6.95 meters), twin rudders, and a carbon rigging system from Hall Spars with North Sails. The yacht's construction benefited from lessons learned during the first hull's production, allowing Wally to optimize the build process.No charter or ownership details have been disclosed for the new vessel, which joins Wally's growing fleet of performance sailing yachts. The Monaco-based brand, now part of Ferretti Group, continues production of its wallywind series alongside motoryacht projects at its facilities in Forlì, Italy.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
July 15, 2025
The 70-meter full-custom superyacht Project Thunderball is progressing through construction at CRN's Ancona facility, with delivery scheduled for 2026. Designed by Vripack with naval architecture focused on sailing yacht-inspired efficiency, the aluminum and steel vessel will serve as both a luxury yacht and support vessel for the owner's existing sailing yacht.With an 11-meter beam and 1,100 gross tonnage, Project Thunderball features five decks accommodating 12 guests and 15 crew. The design departs from conventional motor yacht aesthetics, incorporating a sharp bow entry and curved bilges reminiscent of sailing yachts - a direct request from the owner, an experienced regatta competitor. Vripack's co-creative director Marnix Hoekstra noted the hull's efficiency eliminated the need for a bulbous bow, with tank testing confirming unusually low resistance.The exterior design centers on a continuous shear line creating streamlined proportions, complemented by a top-deck winter garden enclosure. Custom elements include an oversized swim platform and vertically aligned window mullions influencing interior layouts. Project management firm Y.CO reports the build has progressed efficiently through collaboration between Vripack, CRN, and Nauta Design, the latter responsible for interior and exterior furniture."Seeing the project advance through key milestones demonstrates the effectiveness of this technical partnership," stated Donna Green, Y.CO's Head of New Build Projects. The yacht's construction began following the owner's 2018 commission, with Vripack describing the design process as an intensive collaboration with the highly involved client.Upon completion, Project Thunderball will join CRN's portfolio of 70-90 meter custom superyachts. The Ancona shipyard currently has four additional projects in construction, ranging from 60 to 85 meters. No exact delivery date or projected cruising itinerary has been disclosed for the Thunderball project.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Vripack
July 15, 2025
Columbus Yachts has delivered the 47-meter Atlantique series superyacht M/Y Acqua Chiara, now available for charter through Fraser Yachts. The steel-hulled vessel with aluminum superstructure measures 9.1 meters in beam with a 2.4-meter draft and 499 gross tonnage. Designed by Hot Lab with naval architecture by Columbus Yachts, the yacht features twin 1,350hp engines delivering a maximum speed of 15.5 knots and transatlantic range of 3,400 nautical miles at 12 knots.The exterior profile showcases Columbus' signature explorer styling with three-tiered stern areas including a covered dining space, pool lounge with fold-out balconies, and swim platform positioned just 50cm above water level. Interior spaces blend classic and contemporary elements with white parquet flooring, natural oak ceilings, and specialized finishes including Vetrite glass panels and geometric Sicis mosaics. The main salon features custom white upholstered sofas with blue accents, Fendi armchairs, and a 75-inch TV integrated into Stopsol glass.Owner accommodations on the main deck include a full-beam suite with Galaxy blue glass walls, leather-clad furnishings, and Bonaldo lighting. The en-suite bathroom combines white marble with silver mosaic detailing and includes both a tub and hammam shower system. Four additional guest cabins comprise two king-size and two twin cabins, all with private marble bathrooms featuring Sicis mosaic work. Crew quarters accommodate eight staff in four cabins forward, with the captain's cabin adjacent to the wheelhouse.Upper deck spaces include a swimming pool area convertible to an open-air cinema, formal dining for twelve with Viabizzuno chandelier, and a forward lounge with full-height windows creating terrace-like sea views. The sundeck offers a central relaxation area with console seating aft and sunpad with bar forward. Storage solutions include a starboard garage for the 5-meter tender and portside garage housing a rescue tender and two jet skis.M/Y Acqua Chiara represents the third delivery in Columbus' Atlantique series, following previous 40m and 43m models. The yacht is currently available for Mediterranean charters through Fraser Yachts, though specific rates remain undisclosed. Specializing in semi-custom and full-custom builds (37m–120m), Columbus offers four lines: Atlantique, Crossover, Sport, and Classic. Its flagship 80m Dragon exemplifies its craftsmanship. As part of Palumbo Superyachts, the brand provides end-to-end owner support alongside sister yards ISA Yachts, Mondomarine, and Extra Yachts.Credits: Columbus Yachts
July 14, 2025
Monaco-based Dynamiq presented five new superyacht concepts ranging from 41 to 55 meters during a private event at Maison Moghadam on July 3, 2025. The showcase, titled "Five Senses. Five Superyachts," featured designs from three studios: Mark Berryman Design, H2 Yacht Design, and Sturge & Toth.Global 550Mark Berryman Design introduced three interior concepts:GTT 135 (41m): A Mediterranean/Bahamas cruiser with natural oak, stone flooring, and seagrass panelingGlobal 450 (45m): An explorer yacht featuring light oak joinery and transformable furnitureGlobal 550 (55m): A long-range explorer with smoked oak, marble finishes, and bronze accentsGlobal 450H2 Yacht Design previewed interiors for the GTT 180 Heritage, a 55-meter aluminum neo-classic superyacht scheduled for full debut at the 2025 Monaco Yacht Show. The design incorporates calacatta gold marble, shagreen leather, and custom bronze detailing, with furnishings from American brands Baker and Holly Hunt.GTT 180 HeritageSturge & Toth presented a new 45-meter exterior concept under Dynamiq's GST line, featuring a double-balcony master suite and convertible pool area. The design evolves Dynamiq's existing platform with what the designers describe as "timeless elegance."Sturge & Toth delivered a compelling presentation that invited guests into their creative processConstruction will occur at Dynamiq's Antalya facility, which features a 2,000-ton syncrolift and collaborates with European subcontractors. The yard specializes in builds up to 65 meters with hybrid propulsion options.Event attendees received a private tour of Maison Moghadam's material collections, highlighting Dynamiq's partnership with Monaco-based luxury suppliers. No construction timelines or pricing were disclosed for the new concepts.Mark Berryman, Ben-Julian Toth, Gianluca Sist, Toby Sturge and Dynamiq Founder Sergey DobroserdovDynamiq CEO Sergei Dobroserdov noted the presentations demonstrate the shipyard's "expanding design capabilities across multiple yachting segments." The company currently has four superyachts under construction at its Turkish facility.Dynamiq was founded in 2014 by experienced yacht broker and designer Sergei Dobroserdov. Dynamiq is the first company in the superyacht industry to introduce an online configurator, allowing the yacht to be easily and transparently customized down to the last detail. Dynamiq unveiled its first launch at the 2016 Monaco Yacht Show.Credits: Dynamiq
July 14, 2025