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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Australian custom Superyacht builder Echo Yachts have proudly revealed their 84m superyacht newbuild project White Rabbit during an exclusive VIP event at their shipyard in Henderson, Western Australia.White Rabbit is 100% custom designed and built according to its experienced Owners exacting requirements and is the culmination of 4 years of detailed design and construction efforts by the team involved. At nearly 3000 gross tonnes, 84m in length and 19.6m beam, White Rabbit is largest superyacht built in Australia as is the largest aluminium and largest tri-hull superyacht in the world.Designed by Sorgiovanni Design, White Rabbit showcases the highest standards of luxury cruising and will provide amazing seakeeping, speed and fuel efficiency for a vessel of its size and magnitude. Echo Yachts celebrated the reveal of White Rabbit in style during the exclusive reveal function featuring an evening of VIP speeches, video documentary of the build, plus an evocative and memorable sound and light show including special guest and cellist Ms Joanna Quail of London.Guests were provided the rare opportunity to step onboard and view some of the expansive exterior entertaining spaces and enormous luxury interior spaces thanks to the hospitality of White Rabbit’s owner and family who were in attendance for the special event. Echo Yachts director Mark Stothard: “The Echo Yachts team are extremely proud to have been entrusted to create this truly unique and amazing superyacht for our valued client and it has been a pleasure to achieve such a fantastic result together with Sorgiovanni Design, One2Three Naval architects and ALIA Interiors.The enormous trimaran hull form and refined styling of White Rabbit create a profound and immediate Wow Factor that no other hull form can quite achieve. We are confident that this unique Trimaran will produce outstanding performance and provide distinct benefits compared to other hull forms in terms of shear guest space, plus sea keeping and fuel efficiency which we intend to prove during sea trials in the near future.Our team are really looking forward to launching White Rabbit and demonstrating the amazing benefits and performance characteristics this special type of yacht delivers”. Final preparations are now underway for the launch of White Rabbit in early September. Echo Yachts will be attending this year’s Monaco Yacht Show and available for appointments to discuss newbuild and refit opportunities, with immediate build capacity available.
August 16, 2018
Two of the world’s largest sailing yachts, Eos and Athena, have booked the same timing for their coming refit projects.The 93-metre three-masted Lürssen schooner Eos, until recently the world’s largest sailing yacht, has for some time been a regular customer for Royal Huisman’s superyacht refit division, Huisfit. The Eos team has just signed a new contract with Huisfit, taking full advantage of the flexible choice of deep water location offered to meet their needs and schedule.At the same time, the Huisfit team is delighted to announce that the 90-metre three masted schooner Athena, built by Royal Huisman in 2004 and with a seriously impressive log book of globe-circling adventures, has booked the same timing for her latest refit programme. In 2014 the Huisfit team also took care of various aesthetic and technical updates by sending its own ’flying squad’ of specialist personnel out to Athena during a stopover in the Mediterranean.Athena arrived on 6th of August and Eos is expected later this summer. Both yachts will be at a deep seawater location in Holland for several months during the winter “refit season”.
August 16, 2018
German shipbuilder Lurssen launched their first superyacht in the year 2018 in Rendsburg - 111-metre project TIS. Next, she will be outfitted, before her sea trials. This massive volume yacht, Project TIS was commissioned for a long-time charter client of Moran Yacht & Ship, who has over the past seven years, chartered some of the largest and highest quality motor yachts in the world. This experience has led to owner input on nearly every level, from guest accommodations to propulsion package selection, all the way to crew area design.With an interior and exterior styling by Andrew Winch Design, Project TIS will feature 2 helicopter pads, a 12 meter swimming pool, a resort inspired spa in the aft of the vessel, and palatial staircases that to date have only been seen in palaces. Her tender garage will accommodate 2 13 meter tenders, 2 additional 10 meter tenders, a submarine, and a abundant selection of other water toys. Lack of space will not be an issue for this family-oriented owner. In addition to a massive private owner’s deck, eleven other guests staterooms will accommodate twenty-two additional guests in absolute comfort.TIS is expected to be delivered later this year.All photos by Klaus Jordan.
August 15, 2018
With just a couple of weeks to go before the Cannes Yachting Festival opens its doors on 11 September, the Van Der Valk team is very much looking forward to this fantastic boat show.After the success of last years, we’re delighted to present two members of the Van Der Valk fleet. The 27M Explorer "Seawolf Explorer" will be on display on the Super Yacht Extension at berth number SYE035. We will also have a dedicated lounge tent next to the yachts at SYE220, ready to welcome you and discuss how Van Der Valk might be of service. Furthermore we will display 25M Raised Pilothouse "Jangada" at the brokerage section in Port Canto.Both these superyachts have distinctive designs and showcase the many options available at Van Der Valk. We look forward to meeting you in Cannes any time from Tuesday 11 September to Sunday 16 September.
August 15, 2018
54-metre superyacht Mischief was launched in 2006 by Italian shipyard Baglietto and was regularly refitted, with the latest in 2018. With newly painted French Navy hull and white boot stripes, her racy lines cuts a sleek form on the water. Her interiors are just as special - the dramatic use of white reflective surfaces accented with blues and blacks gives her a real sense of identity. Large photographs of stars of the screen, music and fashion add to the relaxed, fun feel.Mischief accommodates 12 guests in 6 cabins including a luxurious full-beam master suite, 3 VIP double guest cabins and 2 twin guest cabins. Timeless styling, beautiful furnishings and sumptuous seating feature throughout her living areas to create an elegant and comfortable atmosphere. Her crew quarters are for 14 people. The spaces are fashion-forward rather than formal, inviting relaxation and enjoyment. The main salon features a large marble bar, with back-lit mirrored wine and glass racks - a theme found in two further wine stores within the cabins. The upper deck sky lounge is yet another bright white space, with curving glass bays inviting you out to the dining and eating areas on the aft deck. One of the VIP cabins also enjoys this vantage point. The full master suite lies forward on the main deck, with two further large doubles and smaller twins on the lower deck. These twin rooms would be great for children - and with beam all the entertainment on offer they’ll barely spend any time in their cabins - or get up to Mischief! The twin cabins aslo convert to super kings in the case there may be a full group of adult couples on board. Mischief's impressive leisure and entertainment facilities make her ideal yacht for socialising and entertaining with family and friends, as well as a good option for charter. She boasts sundeck gym equipment, eight-person Sienna SPA Pool, state of the art audiovisual equipment, extensive water toys including a Jet Skis, Jetlev, flyboard, fishing gear, Seabobs and Paddleboards. The inflatable slide lets you slip off the bow, then you can to climb back up via the over-water climbing wall or take to the floating pontoons from the stern where you can relax on loungers right on the water.She features an ultra-modern stabilization system that reduces roll motion effect and ensure the ultimate comfort throughout the cruise. With a cruising speed of 17 knots, a maximum speed of 15 knots and a range of 4,500nm from her 90,000-litre fuel tanks, she is the perfect combination of performance and luxury.Mischief underwent an extensive 2015/2016 refit which included new carpets, new furniture and TVS throughout, deck updates and installation of the latest in AV technology. Her refit in 2017 saw her addition of a stunning new cocktail bar and a 3x2m video wall in the main salon. And most recently, in 2018, Mischief had it latest refit. Mischief is asking € 24,000,000.
August 14, 2018