The 142.8m S/Y A, largest private sailing yacht in the world which recently left Nobiskrug, the shipyard it was built at, has now been seized in Gibraltar following a €15,3 million claim filled by Nobiskrug.
The sailing yacht arrived in Gibraltar just a few days ago after having left Kiel on February 5th to undergo further fit out works and sea trials in Spain. The delivery to her owner, Russian billionaire Andrei Melnichenko is scheduled for late Spring 2017.
Lawyers acting for Nobiskrug have however now filed a claim against the yacht for a breach of contract. The claim indicates that the final €9,8 million installment was not paid by Valla Yachts Limited, the company that owns S/Y A, despite its January 27 deadline stated in the shipbuilding contract.
A further €2,6 million and €2,9 million are being claimed by the shipyard over liability for sub-contractor invoices and disputed orders during the build. The shipyard's total claims therefore amounts to near €15,3 million plus interest. S/Y A was yesterday anchored in the Bay of Gibraltar under the custody of admiralty marshals.
A spokesman for the owner commented:
We find this act of arrest of Sailing Yacht A in Gibraltar an astounding act for a shipbuilder of Nobiskrug's standing. The facts are that with a project of this magnitude there are sometimes outstanding issues to be resolved, and the sum of over 9 million Euros being claimed for payment, by 27th January, was part of ongoing discussions between the Owner and the shipyard in regards to their rectification. We assumed the matter was progressing to a resolution as Nobiskrug were happy to release the yacht on February 5th to the Owner’s project team for further works to be carried out in Spain. The money was paid by the owner the following day into an Escrow account pending a resolution of the discussions. All monies now being claimed are in arbitration and we undestand these disputes fall under arbitration in the UK courts
The spokesman later said that they were confident the arrest will be terminated in the coming days and that this unfortunate episode will be over.
With masts taller than Big Ben at nearly 100 meters in height, S/Y A had managed to reach a top speed of 20 knots without using her sails during her first sea trials. The yacht is projected to have a cruising speed of 16 knots powered by twin MTU engines of 4,827hp each which will give her a transatlantic range of 5,320 nautical miles.
The yacht also boasts a digital control system that has a touch sensitive sheet of black glass, allowing the crew to raise and lower sails and the anchor with a simple swipe according to the Daily Mail. Amongst the yacht's key features is also an underwater observation pod and a large swimming pool with a retractable roof located towards the bow of the yacht.
Philippe Starck, who had also worked on M/Y A, is responsible for the design, whilst the rig and keel were done by Dutch-based Dykstra Naval Architects, with the masts constructed by British firm Magma Structures and the sails by Doyle Sails in the United States. The yacht boasts eight decks and her keel incorporates one of the largest single pieces of curved glass ever made at 193 square feet and weighs a whopping 1.8 tons. S/Y A is expected to be operated by a crew of 54.
When the project for S/Y A was first announced in August 2015, she was first referred to as a sail-assisted motor yacht and can in fact reach up to 20 knots without using her sails as became known during her sea trials. Stretching across a beam of 24.8 meters at her widest point, she comes in at just 3,100GT less than Dilbar, the largest yacht in the world by interior volume.
Photos by @superyachts_gibraltar and Ivan Vinales
Dutch-based shipyard, Feadship has launched the 47-meter Project 697. Designed by De Voogt, Project 697 is meant as a modern Feadship classic for an owner eager to bring back the looks of past motoryachts combined with modern technology.Compared by the shipyard itself to the 50-meter Aurora B, which recently completed an 8-month refit, Project 697's exterior combines past features such as a centralised mast and handrails finished in teak with modern enhancements such as large windows and bright spaces.Accommodating up to 10 guests in a master suite located forward of the main deck and 4 guest cabins on the lower deck, Project 697 carries a crew of 9 with the captain's quarters located on the bridge deck.Measuring 47-meters, Project 697 stretches across a beam of 9.6m and has a draft of 2.92m. Powered by twin MTU 12V 2000 M72 engines, the yacht can reach a speed of 14,5 knots and cruise for up to 4,000 nautical miles.Feadship currently has the 69-meter Samaya under sea trials and completed 4 major refits at its facility this summer, including the 50-meter Aurora B and Cipitouba, formerly known as Seaflower.
October 22, 2017
Goldman Sachs has sold the 66-meter Oceanco, Natita, it had seized from American oil mogul, William Kallop earlier in August according to the Wall Street Journal. Acquired by a buyer from Malta, Natita was sold for $27,5 million, implying a discount of over 30% on her asking price of $39,9 million.Delivered in 2005 as Dilbar by Oceanco in the Netherlands, the 66-meter yacht became the first superyacht owned by Russian billionaire, Alisher Usmanov. Renamed to Ona in 2008 following the delivery of Usmanov's new 110-meter Lurssen, the yacht was put on the market and sold in 2010 at an asking price of €59,9 million to William Kallop.A year prior to buying the yacht, Kallop had sold his oil business to a consortium of Korean and Columbian investors for nearly $1 billion, investing into Quicksilver Ressources shortly following the sale.Named after his moter-in-law, Natita wasn't the first yacht purchased by Kallop who also owns the 57-meter Bad Girl, built by Brooke Marine in 1992, and a 93ft yacht, once used by John F. Kennedy, which he bought at auction in 1998 and restored.In 2014, Kallop borrowed $32 million from Goldman Sachs against Bad Girl and Natita according to court fillings. The bank then claims the owner then stopped servicing the loan in November 2016 with nearly $28 million still left. Three crew members, captain included, recently obtained $90,000 in back pay from the owner from a Florida court.Goldman eventually filled a suit with the Miami federal court to have the boat seized, which the US Marshals did at a West Palm Beach marina. The bank's first act as acting owners was to purchase $67,000 of fuel for the yacht to keep the generator running, fillings show. To date, the investment bank has spent $438,000 on maintaining the yacht. A competing claim from the marina could however potentially block the sale.
October 21, 2017
The iconic 70-meter charter yacht, Sherakhan, capable of accommodating up to 26 guests in 13 cabins, is being refitted by Icon Yachts. "You won't be able to recognize her, she is getting a complete new look and wen you will see her you won't believe it is the same boat" commented her owner, Jan Verkerk.The most noticeable change to take effect during the project will be the 70-meter being repainted to a minimalistic, modern white color from its current blue hull. A/V upgrades as well as cosmetic interior changes will also take place during the refit.Having arrived for the refit at the shipyard on September 13th, Sherakhan's refit is set to be completed in just several weeks, with her departing on a world cruise shortly after, including the Baltic Sea, Greenland and Antarctica as destinations.Built by A. Vuijk & Zonen in 1965, the classic yacht started out as Princess Margaret. Its present owner, Dutch entrepreneur Jan Verkerk, managed to breath a new life into the boat in 2005, when it was rebuilt at his yard and renamed to Sherakhan.With a beam of 12 m and a draft of 4.05 m, she has a steel hull and aluminium superstructure. Twin Caterpillar engines of 1380 hp each give her a maximum speed of 13 knots and a cruising speed of 11 knots.Her technical characteristics allow her to cruise to the most remote areas of the planet, accommodating up to 24 guests within her 12 staterooms. Sherakhan will be available for charter starting from December in the Caribbean and then in Northern Europe in the summer of 2018.Sherakhan is on the market asking €24,500,000 since 2016. This follows Verkerk's fleet expanding with a new flagship, the 77-meter Legend that he converted into a superyacht in 2016 at the Icon facility as well.
October 20, 2017
Norwegian yacht designer Marius Skjolde has revealed his latest 100-metre concept, MESD, which he says he has been developing for close to a year. A first version of the MESD 100 was introduced back in October of 2016.The extensive yacht allows to make the most of the sunny weather thanks to the large sloping aft deck with sun beds, a 7-meter-long pool and a cozy sundeck that, if desired, can serve as the owner’s private leisure space.A lounging space, spa area as well as a bar and a gym are located in the yacht's beach club with direct access to the sea. The MESD 100's tenders would therefore be stored forward of the beach club and released through another foldable door.The layout notably includes an upper deck with floor-to-ceiling windows and a shaded terrace overlooking main deck aft, with the possibility to completely close it down with glass panels. A helipad can also be found forward of the main deck.Compared to the designer's previous iteration on the MESD 100, the updated concept has a open sun deck and a larger aft area.
October 20, 2017
Icon, the first hull built by Icon Yachts on the 62.5m platform, has now been sold at an asking price of €48,500,000. She was previously listed for sale back in June 2016 first asking €62,5 million following an extensive refit.M/Y Icon was the first yacht to be delivered by Icon Yachts, a Dutch-based shipyard founded in 2005 by Ton Van Dam and Alex Shnaider, a Russian-born entrepreneur who had also bought Eddie Jordan's Formula 1 team in 2005 before selling it in 2006 to Spyker Cars.The shipyard's initial goal was to create a 62.5m yacht platform that would allow easy customization and delivery times close to 2 years. After Icon, two more sisterships were launched, Martin Bouygues' Baton Rouge and Maidelle.Icon Yachts was forced to let go half of its employees from 2010 to 2012 and recorded liabilities of €11 million in 2012 according to Ground Report. The company was then forced to declare bankruptcy in 2014 in the aftermath of the financial crisis. In February 2014, Alexander Mazanov bought M/Y Icon at an asking price of €45,000,000 according to Boat International. The yacht had previously entered the brokerage market back in 2010 at an asking price of €75,000,000.Mr Mazanov later bought Icon Yachts out of bankrupcy in August 2014 according to Dutch publication, Quote. The shipyard now appears to be healthy, having recently completed the refit of Jan Verkerk's 77m Legend. An 80m+ project is currently at the shipyard as well.Designed by Redman Whiteley Dixon, Icon's most attractive features include a large glass-bottomed spa pool, an extensive beach club, a hammam and a sauna. Extended by 5 meters during her refit in 2014, the yacht now has a length of 67.5m. Icon is capable of accommodating 12 guests in 6 cabins and carries a crew of 17. From a technical standpoint, the yacht is powered by twin MTU engines of 2,480hp each giving her a maximum speed of 16 knots. The yacht is also available for charter through Bluewater who brokered the sale on behalf of Icon's new owner.
October 20, 2017