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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Latest News

Report on death of 81-metre superyacht Kibo (now Grace)
On the morning of 03 May 2015, the large private yacht Kibo (now Grace) was at anchor off Portals Nous in the island of Majorca. A party of 6 guests were on board.As was the normal practice when guests were on board, the work day started early by cleaning the exterior of the yacht and preparing various equipment and facilities for the use of the guests. It was decided that this would be a suitable opportunity to clean the rubbing strakes (known as “rub rails”) on the yacht’s hull approximately 3m above the waterline. This work involves a crew member working over the side of the yacht supported by a safety harness and a “bosun’s chair” that were secured to the yacht’s bulwarks. A deckhand / assistant engineer (“the Deckhand”2) was chosen for the cleaning duties and commenced the overside work, under the supervision of the Chief Officer (C/O) and the Third Officer (3/O).After working over the side for approximately 50 minutes, the Deckhand fell from the worksite into the water and sank below the surface. An on board rescue was commenced, and the Deckhand was recovered from water. The time from the Deckhand falling from the worksite to being recovered back on board the yacht was approximately 13 minutes. First aid was administered, and an ambulance was arranged from shore. With first aid continuing, the Deckhand was transferred to shore in the yacht’s tender where he was transferred to a local hospital for treatment.Due to being deprived of oxygen while under water, the Deckhand suffered hypoxic brain injuries and was left severely disabled. On 07 June 2017 the Deckhand died of bronchial pneumonia brought on by his immobility following the accident. A ruling of accidental death was recorded following an inquest at Birmingham Coroner’s Court.The investigation found that the primary cause of this accident was poor working practices on board and a failure to follow the yacht’s documented safety management system (SMS).
MEISSEN for Dynamiq: German craftsmanship meets Italian boutique yacht brand
Dynamiq starts the New Year with exciting news and we are proud to announce a collaboration with the oldest and one of the most prestigious porcelain manufacturers in Europe: MEISSEN in Germany was founded in 1710 and is renowned around the world for its centuries of craftsmanship and artistic tradition. "Dynamiq’s philosophy is to work with the best companies in the industry, and with MEISSEN we are now able to offer their beautiful porcelain to our clients,” says Paola Gorla, Dynamiq’s Head of Interiors. "The Crossed Swords insignia of MEISSEN is synonymous with the highest-quality porcelain and can be seen in the top hotels and on the most luxurious yachts, including Dynamiq yachts in the future.”With two hand-picked collections perfectly fitting the interior style of Dynamiq yachts, the “MEISSEN for Dynamiq” package includes plates, cups, vases and decorative items, which can be further customised for the client by adding the yacht name or initials onto each item. Tailor-made porcelain storage will also be installed on board the yachts for safe storing."We are very happy to work with Dynamiq. We definitely share some synergies in innovative design and modern attuned products. ” says MEISSEN CEO Georg Nussdorfer. “Our dedicated specialists will be happy to support Dynamiq’s client in finding the right porcelain for him or her, as well as further personalising the collections to their needs."The base price for the full porcelain set of “MEISSEN for Dynamiq” is 26,000 euros. The exclusive package is now available via Dynamiq’s Online Configurator.
Construction of 32-metre superyacht by Van Der Valk for repeat client
Van der Valk Shipyard in the Netherlands is making excellent progress with the construction of a 32-metre Raised Pilothouse motoryacht, the order for which was placed at the end of 2017. The first details can now be released on Jangada 2, which is being built for an experienced repeat client. Designed in partnership with Nick Top and Guido de Groot, this innovative yacht has a wide range of bespoke elements to match the owner’s very specific brief. Scheduled for delivery in May 2019, Jangada 2 is the fifth distinctive superyacht in Van der Valk’s successful custom-series line and, as the largest to date, raises the bar even higher. The four previous models were the 27.21-metre The Next Episode (2014), the 24.99-metre Jangada (2015), the 26-metre Forum (2017) and the 26-metre Nicostasia (2018).“The different lengths of these all-aluminium beauties reflect the wide degree of choice which our Raised Pilothouse design offers owners,” says Van der Valk marketing manager Yoeri Bijker. “This is enhanced by the fact that the yachts are built entirely in-house to the highest Dutch standards. Clients can go as large as 40 metres with this model or any other design in our state-of-the-art facilities. With our new Van der Valk BeachClub range also making waves in the market, the first of which will be launched in spring 2019, our yard is entering an exciting new phase of growth.” Another reason for the confidence of the Van der Valk team in the future is the significant number of clients returning to the yard for a new build after enjoying their time on a previous yacht. As one of the designers of Jangada 2, Guido de Groot has been closely involved in this project from the outset. “It was a real pleasure to work with such an experienced owner and create a very functional GA that meets the his specific requirements. The yacht will carry more crew than their previous boats so together with the captain we paid significant attention to these accommodations. Lots of work also went into the spacious galley as we optimised the functional area under the raised pilothouse. “In a similar vein, the bathroom of the VIP suite on the main deck can be closed off for use by guests during the day after swimming and the like without entering the bedroom itself. This kind of smart thinking typifies the genuinely bespoke nature of the project, which is an impressive achievement by the yard. The owner visited several other top builders before electing for Van der Valk and no other yard could offer him such a tailor-made creation. ” Other examples of specific requests on Jangada 2 include a minimalistic interior style based principally on whitewashed European oak. The flybridge deck will have an outdoor dining area, a sunbathing space with plenty of loose sunbeds and an all-aluminium hardtop providing ample shade, as well as a smart wet bar. There will be abundant space for the storage of a tender and/or toys, including a crane with a lifting capacity of 800 kilograms. This deck will also feature a handy outdoor helm station. The main deck aft will be spacious and inviting, with a wide range of loose furniture. Electrically operated curved glass sliding doors will connect this area to the roomy saloon, which will hold a sofa to port and two Corbusier LC2 chairs. The large raised pilothouse will house a cosy U-shaped sofa as well as the main helm position. 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The lazarette/garage aft will have capacity for two wave runners and double as a beach with a hydraulic platform.The hull of Jangada 2 is fitted with a Van Oossanen Hull Vane fixed foil for enhanced fuel efficiency along with a bulbous bow. A VEEM 145 zero-speed gyroscopic stabiliser will make sure she is comfortably steady even in choppy seas. The yacht’s propulsion package comprises twin MTU 12V2000 M96L engines with a capacity of 1432 kW at 2450 rpm, as well as twin 32-kilowatt generators. Her maximum speed will be some 23 knots, while she will cruise at a brisk 18 knots. Jangada 2 is being constructed under RINA:C✠ HULL, MACH ; Y class for unrestricted navigation under pleasure yacht registration, and will receive an additional RINA comfort class certificate.
80-metre superyacht Cosmos behind-the-scenes insight
Over its 40-year history, Heesen has developed a reputation for building cutting-edge superyachts that have pushed boundaries in design, speed and efficiency. From record-breakers such as Octopussy to more recent innovators such as Galactica Star, Galactica Supernova and Home, Heesen’s facility in Oss continues to play host to remarkable superyacht projects.The latest project to draw on this extraordinary heritage is Cosmos, an 80.7 metre aluminium superyacht that is set to push the boundaries even further. With a designed top speed close to 30 knots and an efficient cruising speed in excess of 20 knots, Cosmos will use a development of the Fast Displacement Hull Form (FDHF) coupled with innovative construction and advanced propulsion solutions to set new standards for large aluminium yachts. Although the keel-laying ceremony is due to take place later this year in May, this is not the start of the project – indeed, an extraordinary amount of design and testing has already been undertaken and completed.The proof-of-concept and testing process has comprised several stages, starting with the base naval architecture of the vessel and its hull form, progressing through extensive computational fluid dynamics (CFD) work and physical tank testing of a scale model, and culminating with the design of the propellers and rudder system. For these aspects, Heesen has drawn not only on the expertise of its in-house design and engineering department but also that of long-standing partners Van Oossanen Naval Architects, and propulsion specialists at Rolls-Royce.The first stage was to develop the FDHF concept and ensure not only that Cosmos benefitted from the efficiency and speed gains of the design, but also that the yacht could retain inherent stiffness – a challenge because Cosmos features all-aluminium construction in order to achieve the client’s desired maximum speed of close to 30 knots. The solution was for Heesen to develop the Backbone® – a method of construction that could deliver the required stiffness in the yacht without adding weight that would have impacted on the yacht’s performance. Such has been the success of the design that the Backbone® has now been patented.A 3.7m scale segmented model of the yacht was built to use in physical tank tests at the Wolfson Unit in Southampton. After initial data on hydrodynamics, resistance and speed had been gathered, the model has been radio-controlled and self-propelled in order to measure the various bending forces acting within the hull and to prove the Backbone® concept. That provided valuable data for fine-tuning the structural design and to further optimise the construction method.For such a large aluminium yacht, it is particularly important to know the real forces created by the sea on the hull, not just to meet Lloyd’s Register requirements but to exceed those and construct the boat to the highest loads that could be encountered. Using the FDHF design and the Backbone® for such a large aluminium yacht requires a slightly deeper keel depth, but this actually brings further benefits. Due to the slightly increased draft Project Cosmos has a very low block coefficient, which means that the underwater body is very slim with nice verticals in the aft ship area, for an optimal flow of water towards the propellers. This results not only in improved performance but also in higher efficiency, ensuring fast cruising with comparatively low fuel consumption.<iframe width="1067" height="600" src="https://www.youtube.com/embed/RgjWgN0ESCg" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>Refining the propeller design is the ongoing job of research and design engineers at Rolls-Royce. Alongside the propeller design itself, the Promas system – where propeller and rudder are integrated into a single unit to optimise hydrodynamic efficiency – has been implemented in the design. Rolls-Royce engineers started by gathering CFD information of the water flow towards the propeller. Then the design process began with Rolls-Royce proprietary software: different iterations of propeller and rudder design were tried before arriving at the optimal solution, which was then tested in physical experiments. <iframe width="1067" height="600" src="https://www.youtube.com/embed/h3HsopvR6Qs" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>By creating a 1:11 scale model of the Promas rudder and propeller in the test tank facilities of the Rolls-Royce Hydrodynamic Research Centre (HRC) in Kristinehamn, Sweden, the propeller design was fine-tuned not only to ensure the speed and efficiency requirements are met, but also that any potential problems with cavitation can be eliminated. Cavitation is essentially where air bubbles form in the flow of water around and behind the propeller. It is particularly challenging at high speed, and as well as affecting performance it can also have severe impacts on noise and vibration – a critical consideration for any superyacht project, especially for one close to 30 knots! Cavitation issues were identified and eliminated by adjusting the rudder design. Finally, the tests proved that the propeller performed above expectations.Project Cosmos will feature variable pitch propellers that will enable the yacht to handle both impressive cruising speeds in excess of 20 knots, as well as reaching a maximum speed close to 30 knots – a considerable achievement for an 80-metre superyacht. With the hull design optimised, the construction engineering finalised and the propulsion system going through the last stages of testing, Cosmos is already proving a milestone project for Heesen and the teams involved.“Project Cosmos is raising the bar once again not only for Heesen, but for custom aluminium yacht building in general,” says Arthur Brouwer, CEO of Heesen. “Both from a technical standpoint and from a performance point of view we are pushing boundaries. Not only has this 80.7m project been designed to reach close to 30 knots, she has been designed for fast, 20+ knots cruising in an efficient manner. The solutions we have implemented to meet all these requirements are once again driving superyachting forward – just as Heesen has done with innovative and ground-breaking projects throughout its 40-year history.”
35-meter superyacht CV115 to be launched by Tansu in summer
Turkish shipyard Tansu are preparing the launch of their 35-meter CV115 yacht from Mission Class. The launch is scheduled in summer. Designers created an open deck space of 65 square meters, where an 8-meter tender can be stored, as well as crew tenders and other toys, such as mx bike. Tenders and toys can be deployed by 2,500-ton deck Hydromar cranes. CV115 will be built from steel hull and aluminium superstructure and can accommodate 8 guests in 4 guest cabins. On the upper deck, there is master suite with panoramic view. Crew quarters is for 5 people. CV115 is capable of reaching a top speed of 15 knots.