Superyachts are fascinating creations destined to the world's highest net worth individuals, and for that reason alone the space has always drawn interest from the mainstream public. Yet, many surprising events in yachting are often overlooked even by most knowledgeable experts. Yacht Harbour looks at yacht trivia you should really know.
#1 Donald Trump used to own Amels
Back before he became US President, Donald Trump was a prolific billionaire most known in yachting for his 86-meter Trump Princess, which he bought from Adnan Khashoggi in 1988 for $28 million.
"Khashoggi probably spent $200 million building this yacht, probably the best yacht ever built." Trump then commented in the media. "I purchased it for a business. I use it for my hotels. I use it for a lot of different charities."
Following the purchase, Trump spent near $10 million at Amels to refit the yacht according to the LA Times. In June 1989, he announced he would build the world's largest yacht, 'something in excess of 400 feet long', for which he was accepting bids from shipyards. Amels, then owned by a group of 4 British investors, won that bid to build a 128-meter Trump Princess II.
This project, in part, led to financial problems for Amels, a significantly smaller shipyard then. A year later, Trump then acquired Amels, shortly after canceling the construction of Trump Princess II, as was announced in 1990. In September of that year, he sold Amels to American businessman, Peter Kutell due to financial problems according to Dessert News. For nearly half a year, however, Trump essentially Amels.
#2 Business Insider thought a $4.8 billion yacht was sold in Asia
In the summer of 2011, Stuart Hughes, a UK-based designer, claimed he had been commissioned for the world's most expensive yacht, the 100ft History Supreme. Hughes claimed on his website that the yacht was bought by a Malaysian businessman for £3 billion. 100,000 kilograms of solid gold and platinum were supposed to be used for this project in addition to railings and anchor made of precious metals.
With such a reported price, the story spread like wildfire across national media based on Hughes' statement. Italy-based, Baia Yachts however later came forward with a statement saying that the story was fake and that Hughes had taken pictures from their website, which he then tried to pass off as his own concept.
#3 A Broker Pretended He Sold A 222-meter yacht
In October 2014, the yachting community was baffled to read in mainstream media about 222m Triple Deuce, a project supposedly sold by 4Yacht. Not only was the length of the superyacht baffling but the wording of the press release was also off-putting. The project, for which the designers were never announced, was supposed to have an "agressive" delivery schedule and to supposedly be handed over to the client in 2018.
With us now in 2019, it is clear no signs of such a project were never real, as Yacht Harbour first reported in 2016. CNN and many other mainstream media were, however, quick to publish that the world's largest yacht was now Triple Deuce.
#4 An owner's captain asked for a €3 million commission to help broker a deal
In early 2004, the late Boris Berezovsky set out to build a 110-meter yacht at Lurssen to be called Darius, at a price of €148,540,000 plus interior fitting costs. As the economic crisis hit, he was unable to pay the seventh tranche in May 2008 and decided to put the yacht up for sale for €300 million as it was a few months away from delivery.
Eventually, the listing agent, through a second broker found a pathway to a serious potential client via his captain. To bring the deal forward to his employer, the captain asked for a €3 million commission as was later shown in court fillings. Eventually a deal closed directly between the buyer and the seller for €240 million.
#5 The world's largest yacht will be used to carry scientists
Brain child of Norwegian Billionaire Kjell Inge Rokke, the 182.9-meter REV will become the world's largest superyacht. Instead of being simply a luxurious vessel, however, its owner intends to let WWF operate it as a base for scientists to help research and protect the oceans. "The REV will be a platform for gathering knowledge." Rokke explained.
"There may not be any economic rationale for the private construction of such a ship, but the case is compelling from the ocean's point of view." Rokke detailed.
When not used for research, REV will also engage in traditional charter activity for ultra high net worth individuals on a weekly basis, with the ability to carry up to 36 guests and a crew of 54 under that configuration.
#6 All of the top yacht shows are owned by the same conglomerate
Initially founded in the 1990s by Maurice Cohen, the Monaco Yacht Show used to be a much smaller event than it is today. In 1994, the rights to it were acquired by show management company IRR, which organised at the time the much larger Superyacht de Nice show. Ultimately, IRR itself was acquired by Informa, along with the MYS.
With a market cap of near $5 billion, Informa now often highlights the Monaco Yacht Show as one of its most well known events. In 2017, it tightened its grasp on the yacht show market by acquiring the Fort Lauderdale Boat Show, the Palm Beach Boat Show and 3 others in the US for $133 million. Now all major yachting shows are owned by Informa.
#7 A Broker Pretended to have sold a 405ft yacht on Ebay
4Yacht, the same brokerage company that claimed years later it had sold a 222-meter yacht, draws its publicity stunt roots much deeper. In 2005, as research by Yacht Harbour, found the company had already announced it had listed a 405ft yacht on Ebay, a novel approach at the time.
A year later, however, the broker claimed the yacht was sold on eBay via the "Buy Now" button with the buyer paying a 50% deposit for $85 million, yielding a total sales price of $170 million. When Forbes looked into whether the sale was real, no information was found. More than a decade later, this yacht still doesn't exist.
Superyacht design studio Bannenberg & Rowell have released a new superyacht concept, the 43-metre Estrade. Bannenberg & Rowell describe this yacht to be designed for the soul, for relaxed and healthy living and, above all, to connect with the environment. The yacht can accommodate up to 10 guests and nine crew on board and ample space for toys.Key features include the beach club aft that folds out on both sides. Elsewhere, the cantilevered sunning deck overlooks the beach club, ensuring “positively no FOMO”, the studio said. Elsewhere, Estrade features a sundeck with a spa pool. The jet skis and tenders meanwhile are stored at the bow.
May 28, 2020
Project Mana, the third hull in Dutch yard Mulder's ThirtySix series, has been launched and ready to begin sea trials at the North Sea.ThirtySix features a bespoke modern exterior with sleek aluminium construction and a continuous window line which culminates in a contemporary plumb bow. The four-cabin version accommodates eight guests on board. Five spacious cabins onboard accommodate up to ten guests. Both the four and five-cabin layout have Pullman beds in the forward guest cabins.The saloon, dining room and bar area are located on the main deck, with floor to ceiling windows providing panoramic views. The dining experience is enhanced by the addition of a folding side balcony, which brings seascape panoramas right to the table.The sun deck above the aft deck and main saloon include generous seating, lots of sun pads, a whirlpool bathtub with room for eight and a comfy dining place.The design features the Van Oossanen patented Fast Displacement Hull Form (FDHF) to ensure comfortable sailing and fuel economy at all speeds. Twin 847 kW engines will ensure a maximum speed of 16.8 knots. The fuel consumption at economic cruising speed of 11 knots is less than 80 litres per hour.
May 28, 2020
Horizon Yachts has begun construction of a 32m customised CC98 yacht. Horizon Custom Collection 98 is fourth Horizon vessel for the experienced Australian owner, who requested specific – and somewhat challenging – details including accommodations for a helicopter as well as a submarine.The new owner requested that his new yacht would feature an exterior style similar to the Horizon E Series yachts. Thus, this new CC98 has a unique exterior profile, with expansive windows and a spacious interior within a 23’ 6” beam.To accommodate a touch-and-go helipad, the entire superstructure of this new vessel will be constructed of carbon fibre composite for strength and structural integrity for the helipad. Also, this yacht features a telescoping mast and radar arch to navigate the low bridges in Australia.The yacht can accommodate up to five guests in five staterooms including a full-beam, on-deck master suite. A large galley area is positioned aft on the main deck to facilitate dining either on the aft deck or at the interior dining table. Relaxation and entertaining areas are found throughout and the foredeck has been designed to accommodate a jacuzzi and large sun pad.The yacht has commercial-grade 10V 2000 series MTU engines have been chosen. The ZF trailing gearboxes are designed for full redundancy and to enable the ability to run on one motor, which reduces fuel burn and engine hours. Lithium-ion battery packs will also be installed to offset the house functions such as air conditioning and general electricity. The fuel capacity is 24,600l.The yacht is on schedule to be delivered to her owner in early 2021.
May 27, 2020
The Azimut Benetti Group has appointed Marco Valle as its next chief executive. Valle will take over the role on September 1.Valle will be responsible for both divisions with the intention to preserve the characteristics and values of each brand.According to Paolo Vitelli, Azimut Benetti Group Chairman: “Marco Valle, who joined the company 25 years ago, has the full support of the Vitelli family and the Group’s Board of Directors in this new challenge, which he will no doubt rise to with the same spirit of success that has been a distinctive feature of his work, first as Azimut Yachts sales director and for the last four years as CEO of the Azimut division. We would like to thank Franco for the great work he has done and continues to do in Benetti, and for his continued future presence in the Group. This continuity is thought to be important to tackle the new challenges of an evolving market and generational change in the current management team.”
May 27, 2020
The new Riva 88 yacht is the first model to be launched by the Shipyard in 2020. The yacht was launched on Monday, 25th May in La Spezia, where the production facility dedicated to the 76-to-110-foot models is based.The Riva 88’ Folgore is the result of the collaboration between Officina Italiana Design, the studio founded by Mauro Micheli along with Sergio Beretta, the Product Strategy Committee headed by Engineer Piero Ferrari, and the Ferretti Group Engineering Department.According to Alberto Galassi, CEO of Ferretti Group "Riva 88’ Folgore looks like a vessel just back from a journey into the future: she is a dazzling flash of style, she is strong, she is performing, she is innovation. The launch of the first new model in 2020 represents a new Renaissance for the Ferretti Group, which restarts from Riva, brand becoming more and more a contemporary myth, the essence of Made in Italy and a tangible sign of a Country that starts again."The lines and elements inspired by the automotive world. The yacht use of innovative materials like carbon with traditional stylistic elements such as mahogany inlays and steel decorations.Riva 88’ Folgore offers the owner stern concept, with the garage door that swings open and can be positioned in two ways. The cockpit is a large space of 22 m² that features a huge sofa area with a table and also a bar unit with an electrically opening marble top.Also, the yacht has the glass hardtop located on the superstructure, which opens up and can be tilted toward both the stern and bow, to let in fresh air during navigation or when at anchor. The interiors were renewed in using precious materials such as wood, steel, marble and glass.
May 27, 2020