The second Heesen largest superyacht, 65-metre Galactica Star, was announced sold on July 25, with Fraser representing the seller and Burgess representing the buyer. The vessel was listed for sale earlier this year asking $ 42,000,000, as a result of a notorious corruption case in Nigeria.
Custom-built by Dutch yard Heesen in 2013, the vessel seconds only to the builder’s 70-metre Galactica Super Nova in terms of LOA. She features exterior styling by Omega Architects, engineering by Van Oossanen & Associates, finished by interiors from the boards of Bannenberg & Rowell.
In April 2019, the vessel was offered for sale in a sealed bid arrangement, proposed by the U.S. Department of Justice and the Federal Republic of Nigeria and approved by U.S. federal court. The sale process roots back to corruption case against two Nigerian nationals.
Allegedly, the superyacht was originally owned by Nigerian oil magnate Kolawole Aluko, who is one of four defendants accused of cheating Nigeria out of almost $1.8 billion in siphoned crude oil sales, reports The Marine News. The U.S. government also accused Aluko and another oil executive, Olajide Omokore, of laundering money in the United States and using it to acquire the yacht, among other assets.
The sale followed a court-ordered seizure of the yacht's owner's assets due to possible connections to an ongoing Nigerian oil corruption scandal, triggered by the Panama Papers investigation. The latter refers to 11.5 million leaked encrypted confidential documents that were the property of Panama-based law firm Mossack Fonseca, exposing the network of more than 214,000 tax havens.
Thus, the US and Nigerian governments received Federal Court approval to sell the arrested superyacht due to high maintenance and dockage fees, estimating the combined cost at around $170,000 per month. Managed by Fraser, the vessel was listed at $42,000,000.
Galactica Star accommodates up to 12 guests overnight in 6 cabins, comprising a master suite, 1 VIP stateroom, and 4 double cabins. She is also capable of carrying up to 13 crew onboard to ensure a relaxed luxury yacht experience.
The most alluring feature about the vessel is what goes on below the waterline. Van Ossaanen Naval Architects successfully created a yacht that cruises 30% more efficiently than a conventional round-bilged motor yacht in this size range.
Powered by 2 MTU 5,592 HP diesel engines and propelled by twin screw propellers, Galactica Star is capable of a top speed of 27 knots, and comfortably cruises at 24 knots. With her 90,000 fuel tanks she has a maximum range of 4,200 nautical miles at 14 knots. Her water tanks store around 30,000 litres of fresh water.
The yacht used to be popular for charter among celebrities, for instance, once rented by American music industry power couple, Jay Z and Beyonce for a holiday cruise, according to WithinNigeria.
In the meantime, acting as the seller's representative Fraser, one of the world’s leading brokerage companies, has been recently announced acquired from the Italian AzimutBenetti Group by US broker MarineMax.
The second hull of the 42-metre E-Volution hybrid sloop has been launched in the water at Perini Navi Istanbul facility. It is the second launch of that particular model within a year, with construction still in progress on both hulls.With ‘E’ standing for electric the 42-metre E-volution was first presented at the Monaco Yacht Show 2017. The vessel features a hybrid propulsion engine system, combining diesel engine with eco-friendly electric motor and contributing to the yard's course on environmental sustainability. While the yacht’s naval architecture was designed by US-based Reichel-Pugh studio, the head of Perini Navi in-house design department developed the yacht’s exterior styling. The 42-metre comes with aluminium hull and carbon fibre superstructure.Within 275GT interior, the design concept trademarks a foldable transom door, giving staircase access to both sides of a sea-level alcove. A sail drum storage is situated below deck, whilst carbon fibre helm pods lay at the aft.Accommodation on-board will be provided to a total of eight guests across four cabins, while the crew quarters will accommodate seven people.The diesel-electric system will allow silent cruising with a range of 3,200 nautical miles at the speed of 10 knots, given that the yacht's total fuel capacity will make 20,000 litres.The vessel will now be moved to Viareggio for completion. She remains on track for a 2021 delivery. Meanwhile, the builder has recently sold the first unit of the 47-metre sailing yacht of the E-volution range.
December 6, 2019
Financial news source Milano Finanza has reported that Italian yard Sanlorenzo has been on track for its trading debut on Italian Stock Exchange on December 10.Sanlorenzo CEO Massimo PerottiDuring the Cannes Yachting Festival 2019, CEO and majority shareholder of Sanlorenzo, Massimo Perotti, made an official announcement about the company’s IPO plans by the end of the year. Now, the release date for the Milan Stock Exchange has been announced. Meanwhile, Perotti has been recently named the Entrepreneur of the Year in Italy.According to Milano Finanza, Massimo Perotti has completed the company’s international roadshow with the share offering covered by several Italian and international investors. Among institutional investors are Kairos, Mediolanum, Fideuram and Azimut, along with JP Morgan, Amundi and Norges placing ‘heavy-hitting’ bets on Sanlorenzo.The final share price has not been revealed so far. Sanlorenzo will have 31.9% of its share capital on offer, with an indicative price of €16 to €19 per share, to a targeted valuation of €480 to €570 million.Noteworthy, Ferretti Group, one of the main competitors of Sanlorenzo, abandoned the idea of trading on the stock exchange due to unsatisfactory results of the public offering period earlier this year.
December 6, 2019
By November 2020, new superyacht marina should be completed and open for yachts on Navi Island (Fiji). Located in a 10-minute drive from Savusavu Airport, it is set to become one of the region’s first green facilities.The 150-berth Marina is conceived as one of the first eco-friendly yacht harbours in the world, by forbidding the use of disposable plastic bags on its territory. What is more, the marina and associated resort will be powered by renewable solar energy.Nawi Island Ltd’s Managing Director Mike Gann commented: We intend to be one of the first green marinas in the world. In doing so, the development on the island will be powered by renewable energy, namely solar. We are also putting in place an organic wastewater treatment system for the whole island and in addition, the company is using sustainable and organic building materials on the island.The marina’s berths will be able to welcome boats from 10 to 60 meters in length. In addition, fuel and power connections along with fire service pedestals, wastewater pump-out, ferry and taxi pontoon and a 75-tonne travel lift will be provided.The yard will offer repair and maintenance services, a hard stand, pull-up fuel and wastewater pump-out, and long-term dry storage. The marina will also comprise a hotel with a spa and sports facilities, 38 private villas and a yacht club.The works should be completed by early 2020. The official opening should take place ahead of the 2021 America's Cup yacht race held in New Zealand.
December 5, 2019
The 78-metre Full Custom superyacht project by Dutch builder Amels has touched water for the first time. The vessel is the builder’s largest superyacht in terms of interior volume. Earlier launched at Damen hull-building facility on the Danube, the 2,850 GT yacht features Espen Øino design and naval architecture and interiors by Zuretti Interior Designers. She is scheduled for completion in 2021, following transport to the AMELS outfitting yard in the Netherlands.Although several Amels superyachts including the 83-metre Here Comes The Sun and the 82-metre Ilona outdo the new-build in terms of LOA, the new Full Custom project features larger Gross Tonnage to make her the largest Amels superyacht once delivered.Espen Øino comments on the project’s details:The layout with the big pool on the upper deck with the boats below either side, but they are all hidden so you don’t see it. And of course the balconies with the direct access from the cabins out which you can spot very easily and it’s actually looking pretty amazing. The contract for construction of the vessel was signed in 2017, during the Monaco Yacht Show. Representing the owner, Andrew Tree of Superyacht Technical Services commented:This truly custom yacht, with stunning design both inside and out, could only be achieved with the greatest collaboration, having the very best of European design and the highest quality of construction and management.
December 4, 2019
The largest private sailing ketch in the world, the 86-metre superyacht Aquijo has been seen arriving in Antigua to take part in Antigua Charter Yacht Show taking place December 4-9.Video: Dutch YachtingThe 6th largest sailing superyacht in the world, Aquijo was built in 2016 out of collaboration between two Dutch shipyards, Oceanco and Vitters. Vitters developed a custom steering system specially for Aquijo. It transmits the hydrodynamic forces on the rudder blades directly to the steering wheels on the flybridge, thus providing the helmsman with immediate feedback and a feeling for how the yacht is moving through the water. German studio Dölker + Voges was responsible for her interior design, whilst Tripp Design Naval Architecture styled her exterior. The yacht comprises 4 decks and accommodates up to 12 guests across 17 cabins. On-board, Aquijo offers space and amenities normally seen on motor yachts, comprising guest elevator, interior and exterior dining for up to 24 people, 3 outdoor bars and a beach club with steam room, sauna and ocean view Jacuzzi. craftsmanship.The package of Aquijo’s toys and tenders includes and does not confine to 3 tender boats, 1 jet ski, 4 kayaks, 2 wakeboard, 3 water skis, 3 stand up paddle boards, 8 diving packs etc.Featuring a mast of of 90 metres, Aquijo boasts a maximum speed of 17.5 knots.The vessel is available for charter from EUR 450,000 per week in winter season.Photos via Y.CO.
December 4, 2019