Equanimity is 91.5-metre yacht built by Oceanco and delivered in 2014. Her owner is Malaysian financier, Jho Low. Previously, Equanimity was seized by the request of the US Government and then was in the spotlight of the US Government. Recently, an Indonesian court blocked U.S. efforts control a $250 million yacht connected to fraud scandal, on the basis that its arrest off the resort island of Bali was invalid and saying the vessel should be returned to its owner.
The U.S. Justice Department contends that the Equanimity was acquired with money stolen in fraudulent schemes linked to the state investment fund 1Malaysia Development Bhd. The Indonesian judge said that the seizure of the yacht in Bali by Indonesian police acting at the request of U.S. authorities was “invalid and legally baseless.” The judge ruled the seizure was invalid on a technicality. He said the U.S. request didn’t follow a 2006 law on mutual legal assistance because it didn’t go to the Justice Ministry, but directly to police. The ruling can’t be appealed.
Equanimity is owned by a trust that is controlled by a Malaysian financier, Jho Low, who the Justice Department alleges is a central player in a $4.5 billion fraud that involved siphoning money from 1MDB. The fund was set up by Malaysian Prime Minister Najib Razak in 2009 and is the focus of investigations in half a dozen countries. Both 1MDB and Mr. Najib have denied wrongdoing and said they would cooperate with any lawful international investigation.
Multiple investigations in Malaysia into 1MDB closed without finding wrongdoing. Indonesian police said they accept the verdict and will soon turn over the 300-foot, Cayman Islands-flagged vessel to its owner, Equanimity (Cayman) Ltd. The U.S. Embassy in Jakarta referred queries to the Justice Department. The department didn’t respond to requests for comment. In a statement to Yacht Harbour, a spokeswoman for Equanimity's owner said:
"Claimants, the owners of Equanimity, welcome the Indonesian court's ruling, which upholds the rule of law and confirms that the FBI-instigated seizure of the vessel was improper and unlawful. The incident is yet another example of the unjustified global overreach by the U.S. Government, which has gone to extreme and improper lengths to seize assets around the world while steadfastly avoiding having to prove that there are any merits to its case."
Indonesian police came aboard the Equanimity in Bali on Feb. 28 after the vessel had cruised Southeast Asian waters for months. FBI agents and Indonesian police searched the vessel and its computers and interrogated crew members. The boat has stayed in Bali with a crew on board while the case moved through the courts. Lawyers for Equanimity (Cayman) Ltd. said that the seizure didn’t follow Indonesian law on providing mutual assistance to foreign law-enforcement agencies.
The U.S. has sought via civil lawsuits in California, since mid-2016, to seize almost $2 billion in assets allegedly bought with money stolen from 1MDB, including mansions, a Bombardier jet and royalties from the film “The Wolf of Wall Street.” The Equanimity is the largest single asset. The U.S. has asserted in court filings that U.S. laws were broken in the larger 1MDB case, and that gives it rights to those assets.
The Justice Department had hoped to quickly transport the boat to the U.S. to sell. In the U.S., the government has filed a civil asset forfeiture case against the Equanimity, which means that the asset cannot be sold until the case is resolved. To take possession of the boat, the government has to prove it was bought with stolen money. All asset forfeitures tied to the 1MDB case are technically on hold, because the government asked for a temporary stay on all 17 cases while it completes a parallel criminal investigation into 1MDB affair and all dealings related.
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Previously known as Project Fiji, the 95-metre Lürssen superyacht Madsummer, has been delivered to her owner, a repeat client with the Lürssen. The vessel was launched earlier this year at Lürssen’s Rendsburg facility. During her construction period of nearly 2,5 years, the project was supervised by the owner’s captain and brokerage company Moran Yacht & Ship.Featuring a 14-metre beam, the exterior profile of Madsummer comes from a British designer Harrison Eidsgaard maintaining sleek and elegant lines within impressive volumes.Photo: Klaus JordanThe vessel's main trademarks are the 12-metre swimming pool and Jacuzzi laid on the aft deck and protected with glass bulwarks. That contributes to clean and uncluttered appearance of hull surfaces. Other decks are connected through exterior staircases and centreline openings.Spacious beach club and spa zone with a sea terrace on the lower deck also belong on the list of Madsummer’s special features. The bow is equipped with a helipad, while the sun deck aft features hidden crane in the bulwark, aimed to handle an aeroboat. As to the upper deck, it encompasses walkable skylight and an integrated fireplace.Photo: Carl GrollMadsummer’ interiors for 20 guests across 10 suites were designed by Italy-based Studio Laura Sessa represent contemporary modern style. Laura Sessa commented earlier: For this interior design yacht project, I invested inner artistic creativity due to my long relationship with the Owner. I playfully created spaces full of customised details and colours from the sea, emanating harmony and elegance.Photo: Klaus JordanThe latest delivery from the yard will be displayed at the Monaco Yacht Show 2019. She will be spending her first weeks in the Mediterranean before her world debut would highlight the port during the show.The superyacht is the third one in the recent series of the 90-metres plus vessels delivered by Lürssen, along with impressive 136-metre Flying FOX and 111-metre Project TIS. Furthermore, the largest Lürssen’s unveiling of 2019, the 130-metre plus in-build Project Lightning has been revealed recently.
July 19, 2019
Among contemporary yachts dominating superyacht charter market, there are sometimes more rare pieces to be found. The 69.7-metre superyacht Sherakhan built in 1966 as a maritime school vessel by Dutch Scheepswerf A.Vuyk & Zonen, is available for charter from € 425,000 per week in the summer season.Back in 1965, the classic yacht started out as Princess Margaret. Her present owner, Dutch hospitality 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.Maintaining the vessel’s beautiful classic 1960s lines and style, Verkerk upgraded the interior with Rijntjes Interior Design and carried out a complete technical overhaul.Certified to accommodate up to 26 guests, with a dedicated crew of 20 including Michelin-starred Chef Toine Smulders, Sherakhan has undergone several more extensive refits, with the most recent one conducted at Icon Yachts in 2017.The most noticeable upgrade of 2017 was the 70-meter hull being repainted to a minimalistic white colour from its original vintage blue hue. Along with cosmetic adjustments to the yacht’s interior areas and A/V upgrades, her main generators were replaced with low emission ones to reduce the impact on the environment. The onboard layout of Sherakhan is trademarked with double-height dining room with galleried atrium, skylight courtesy of the glass-bottomed sundeck Jacuzzi and seating for all 26 guests at a dining table. The interior colour palette is calm and neutral, with creams and tan-coloured wood allowing the natural textures and tones to harmonise. The 13 ensuite cabins are generously proportioned, including a full-beam master suite.Sherakhan’s choice of guest deck areas is sizeable, from the generous wicker seating on the main deck or several loungers on the large foredeck to the stellar sundeck with its 18-person Jacuzzi, wet bar and barbecue, dining tables and multiple sun loungers. The toy storage can fit a pair of 7.3-metre tenders, three Waverunner jetskis, wakeboards, surfboards, a number of inflatable towables and an 8-metre custom-made slide.What is more, Sherakhan comes with a full wellness suite including a beauty salon, massage room, gym and sauna. Sherakhan’s technical characteristics allow her to cruise to the most remote areas of the planet, accommodating up to 24 guests within her 12 staterooms.Currently fully booked during a long-term charter in the Red Sea for the summer 2019 season, Sherakhan can usually be found in the Mediterranean during the summer season and the Caribbean over the winter. However, she is claimed capable of exploring more remote areas and has many circumnavigations.
July 19, 2019
Roy Disney, the grandnephew Walt Disney, rescued the crew of a sinking yacht during the Transpac regatta. The boat of Roy Disney, Andrews 70 Pyewacket, which also took part in the regatta, picked up nine crew members from the sinking Santa Cruz 70 OEX boat, led by John Sangmeister.The racing committee received SOS-signal from the OEX boat at around 2 am, on July 15, reporting that the yacht’s rederpost was damaged and the vessel began to take on water.<iframe src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2FTranspacRace%2Fvideos%2F424508521486179%2F&show_text=0&width=560" width="560" height="315" style="border:none;overflow:hidden" scrolling="no" frameborder="0" allowTransparency="true" allowFullScreen="true"></iframe>An hour later, the OEX crew was picked up by its rivals on Roy Disney's yacht, with no one of 9 crews getting hurt. After that, Pyewacket with the rescued people on-board and its own crew of 10, including Roy Disney, returned to Los Angeles Marina del Rey, from where the Transpac race started.With the reason of the steering axle’ breakage still unknown, the OEX yacht eventually sank. meanwhile, her owner, John Sangmeister, is an experienced yachtsman that had won the Cup of America in 1986–1987. For Sangmeister this was the eighth Transpac race.Transpac is a 2225-mile offshore race from Los Angeles to Honolulu. This year, the regatta has seen several more collisions, with Maserati trimaran Giovanni Soldini running into a huge underwater object. The crew, however, continued the race after stopping for repair.Except for OEX, 6 more hulls out of recording 90 participants, withdrew from the competition this year. Started on July 10, the regatta will see the award ceremony in Hawaii on July 26th.
July 18, 2019
Dutch court has declared the yachtbuilder Moonen Yachts bankrupt, reports International Boat Industry. The decision has been made just two weeks after Moonen had announced they had been about to close a deal with a new investor, in order to boast production.According to IBI, despite the bankruptcy procedure, the builder will continue negotiations with the potential investor. Moreover, the new potential stakeholder of the yard can even benefit from the bankruptcy, as they will be relieved of the responsibility to pay off Moonen’s debts.The name of the potential investor has been kept in secret, although some sources claim it is an Australian company. Earlier, the Mexican steel giant Altos Hornos de Mexico (AHMSA) was the main investor at Moonen. In 2015, Moonen issued a statement on payments suspension due to financial problems of AHMSA. The Mexican concern claimed, it was no longer able to finance the construction of two of the three in-build semi-custom-yachts from the Moonen ‘Caribbean’ series, with construction begun a month earlier. At the time, the reason of AHMSA’s financial problems was a 40% price reduction on steel on the international market, caused by dumping of Chinese and Russian competitors.In 2017, the top management reshuffle took place in Moonen. The new CEO announced, he began the process of restructuring the company. In 2018, the shipyard received the World Superyacht Award for the 36-metre Brigadoon, followed by an order for its sistership that should be completed by 2020.But with only one boat under construction at the asset, the board of directors of Moonen decided, further development of the shipyard was impossible without the support of a new, financially stable investor. To keep stable operation, Moonen needs to build two or three projects ranging in size from 30 to 50 meters simultaneously.
July 18, 2019
Damen SeaXplorer division has shared news, that the first hull in Damen's SeaXplorer 77 expedition series La Datcha has been transferred to Damen and Amels' Vlissingen facility for outfitting. The superyacht was launched earlier this summer at the Galati facility, with her delivery scheduled for September 2020.Designed by Azure Naval Architects, La Datcha is set to become the first private luxurious ice breaker, capable of exploring the furthest destinations possible. The six-deck expedition yacht will feature a 77-metre LOA and a14-metre beam, along with a draft of 6.5 metres, adding up to interior volume of 2,560 GT. The explorer vessel will boast a speed of 14.5 knots and will be able to break ice up to 40 centimetres thick , as long as maintain autonomy at sea for up to 40 days. Thanks to generous storage spaces, a wide range of equipment and tenders can be housed on-board, including 2 helicopters, 1 submarine, 1 VIP tender / rescue boat, 1 beach lander tender, 1 dive support tender, 4 waverunners, 2 expedition ribs and 2 snowscooters.Photo: Tom Van Oossanen via DamenThe yacht’s custom interior design by Amels and Damen will be trademarked with full height windows of the observation lounge, main saloon and the owner’s suite and an observation deck upstairs. Expedition Yacht 77 will come with hot water Jacuzzis — 1 indoor and 1 outdoor, a sauna and steam bath, massage room and a fully equipped gym.La Datcha Expedition Yacht 77’ six guest cabins, including 2 master suites and 2 VIPs, offer accommodation to 12 guests, along with a crew of 25. Each suite comes with a bathroom and a walk-in wardrobe.
July 18, 2019