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.
Italian yacht builder Benetti has announced the sale of the first 40-metre superyacht Oasis BO101 to a former world champion and offshore powerboat racer Tim Ciasulli from the USA, represented by Merle Wood & Associates.The yacht with a fibreglass hull and superstructure and a gross tonnage of 385 tonnes, is already being outfitted at the Livorno facility, planned for completion in summer 2020. The assembly has already been completed of the hull and superstructure, with outfitting began on July 26.BO101 is going to be the first Oasis 40M, a 40.80-metre yacht with a maximum beam of 8.5 metres, a draft of 2.14 metres and a gross tonnage of 385 tonnes. Oasis 40M is a fruit of collaboration between Benetti and UK-based design studio RWD, working in liaison with Bonetti/Kozerski Architecture, a New York-based firm commissioned to design the interiors. Tim Ciasulli, who himself holds 4 World Speed Records, expressed:I’ve been going fast my whole life. So when it came time to build a yacht, I wanted to collaborate with a shipyard that shared the same core values that my wife and I believe in: integrity, passion and accountability! <…> We expeditiously negotiated a great deal, and in just two meetings, nailed down the equipment, interior decor and colours…just the way we wanted!On-board Oasis 40M, the owner and his guests will enjoy wide, welcoming spaces characterised by a design that is both smart and sophisticated. The high ceilings, the special arrangement of the indoor and outdoor spaces, and the extensive glazed surfaces all contribute to this yacht’s spectacular appearance, while the unusual layout features lateral stern platforms that can be open out with great ease to facilitate access to the sea and an extended beach area, complete with an infinity pool practically at water level.The designers strived to eliminate the barriers between indoor and outdoor spaces, creating a unique setting akin to a loft on the water. Enrico Bonetti, architect and partner of Dominic Kozerski with Bonetti/Kozerski Architecture explains:On this yacht, we wanted the settings to have an unprecedented fluidity, which is why identical materials and colours are used for both the interiors and exteriors, giving a sense of apparent informality to what is in fact an extremely elegant and sophisticated yacht.The sale marks another success for Benetti in the Americas where, after the recent sales of FB278 67-metre custom build 'Project Fenestra', multiple award-winning 69-metre 'Spectre' and 49-metre custom yacht 'Eladrea+', the brand continues to forge ahead.Noteworthy, while the first Oasis 40M’s fiberglass hull arrived for the start of outfitting operations at Benetti’s Livorno shipyard on July 26, the owner of Giga yacht FB275, who is according to media sources an Australian billionaire and casino mogul James Packer, set sail on his 108-metre gigayacht in a perfectly synchronised handover.
August 21, 2019
The world's largest superyacht's construction is going under a tight schedule at the VARD shipyard in Tulcea, Romania. The 181-metre explorer REV will hit the water in Tulcea on August 22 for the first time, then within approximately 30 days being towed to the Brattvåg shipyard on the west coast of Norway for more construction work.REV has been commissioned by Norwegian ocean research company Rosellinis Four-10, owned by Norwegian industrialist billionaire Kjell Inge Roekke. His real-time net worth is estimated at $3.2 billion (Forbes).Built for environmental research missions in partnership with WWF Norway, the Research Expedition Vessel (REV) will also be available for charter for recreational purposes and expeditions. She will be able to accommodate up to 60 scientists and 30 crew during research expeditions once finished.REV is cincidered a significant project for all Norwegians, as Norway is one of a world-leading maritime nations and has the opportunitiy of taking on a global leadership role for exploring and taking care of the ocean. The Prime Minister of Norway supports the vision that ‘oceans are under pressure due to climate change, overfishing and waste pollution. To ensure the future growth of the ocean economy, we need to harvest resources in a sustainable way’.Designed to operate in remote and vulnerable waters for long periods without additional external support, the ship will be equipped for research and investigation of the entire marine ecosystem. The superyacht disposes of a range of equipment designed to explore, document and collect. She will also qualify for the Polar Code adopted by The International Maritime Organisation for ships operating in Arctic and Antarctic conditions and can operate autonomously for 114 days. Thought-out by acclaimed desiner Espen Eino, REV is tailored for research and expedition activities. Her robust exterior lines and modern features ensure she is able to cruise in arctic and tropical areas alike, with a hull built to ICE PC6 for navigation in ice. Two helipads can host drones and helicopter, while overhead cranes can lift and launch equipment weighing up to 20T over the side. Her drop keels enable echo sounders and sonars to be placed in undisturbed water below the hull for research of the world’s ecosystems, and built into her stern is a trawl hangar and pelagic trawling system.Built to the highest standards for both expeditions and recreational purposes the ship includes such features as a hospital with a medic cabin, High-tech equipment to monitor and survey marine areas, currents, the seabed, fish and plant life, while cutting-edge laboratory facilities enable on board analysis. There will be an auditorium for lectures, and the capacity for live streaming, also a Moonpool, an eco-harvesting system for live catch and release of biomass and pelagic samples, and an underwater hydrophone system for listening to ocean mammals.The giant vessel is scheduled for delivery in early 2021, aimed to surpass the current largest superyacht in the world in terms of LOA, the 180.6-metre Azzam. The official website reports, that REV is completed to 42.5 percent at the moment.
August 20, 2019
OceanX, ocean exploration initiative founded by billionaire philanthropist Ray Dalio, has launched a vote for the name of their newest explorer superyacht, the 85.3-metre Alucia 2. The explorer previously known as Volstad Surveyor and built in 2010 by Freire Shipyard is currently being rebuilt in Rotterdam. The superyacht will operate as a marine research vessel platform and continue the revolutionary work currently being done by Alucia, her older and smaller predecessor. Equipped with two manned subs that can take researchers 1,000 metres deep, a fleet of support ships, an on-board helicopter, and fully equipped science labs, Alucia can bring back fantastic discoveries.Meanwhile, Alucia2 has been commissioned by Ray Dalio who together with OceanX aims to further explore the secrets of the ocean together with director James Cameron and BBC’s Blue Planet. The design concept was created by Gresham Yacht Design.Steve Gresham, founder and principal designer at Gresham Yacht Design, said earlier:We are thrilled to be a part of such an exciting and unique project. These types of projects are rare to come by and we are honoured to have been commissioned by the owner to deliver a design that is extremely functional and robust, it is a true explorer vessel.Built by Freire as a deep-sea survey vessel in 2010, Alucia2 is undergoing transformation into a high-tech scientific research vessel, with significant improvements made to enable the OceanX team explore further than ever before.To take on global expeditions, Alucia2 will be fitted with state-of-the-art marine research labs, cutting-edge media equipment, manned and autonomous deep-sea submersibles, helicopters and drones.OceanX will use Alucia2 as a next generation platform to discover 70 per cent of the planet that remains mostly unexplored and share this secret world through carefully executed media centre developed in consultation with filmmaker and ocean explorer James Cameron.The vessel features a 40-ton A-frame at the stern designed specifically to deploy the two submersibles that can dive to depths beyond 3,000 feet for up to eight hours. Underwater discoveries will be analysed in the state-of-the-art dry and wet labs on board, while Alucia 2’s media studio will be able to document and broadcast the ground-breaking discoveries in ultra high-definition around the world.James Cameron stated:With OceanX and Alucia2, we will reignite global passion for and curiosity about the ocean in our global, digitally-connected age.Once delivered, Alucia2 will replace the 55.7-metre Alucia, which is currently for sale through Fraser for $19,750,000. In the meantime, American residents are invited to select from a list of six names and vote for the explorer’s name. The list comprises the names Oceanus, Neptune, OceanXplorer, Audacious etc.The vote is set to be a part of promotional campaign ahead of the release of a new six-part ocean documentary series. The series will premiere in the USA on September 2, bringing together an all-star team including National Geographic, BBC Studios and James Cameron along with Dalio Philanthropies’ OceanX. y begun a major refit with a delivery expected in early 2019. Once delivered, it will replace the owner’s existing vessel 55.7-metre Alucia, which is currently for sale through Fraser for $19,750,000 and owned by Ray Dalio.
August 20, 2019
Dutch shipyard Icon Yachts has shared new photos of the 68.2-metre explorer superyacht Project Ragnar making progress in Harlingen. The vessel that had been initially built as an icebreaker called Sanaborg, entered the Icon shed in July 2017 for an extreme make-over.Built in 2012 from a steel hull, Sanaborgis is undergoing dramatic refit with interior and exterior styling by British design studio RWD. Her delivery is due later this year.The vessel’s owner is excited about her new style that was inspired by medieval war craftsmanship, combined with modern sleek lines and British heritage. She will be one of the few explorer superyachts with a certified ICE Class A1 super hull. Project Ragnar is LY3 classed with arctic explorer capabilities, full ice breaking functionality with its unique ICE class PC5 rated electric driven ice pods, giving the vessel its range of 6,000 nautical miles meaning she can go to the most remote areas of the planet.The yacht will offer accommodation for up to 16 guests across 8 cabins, including two owner’s suites. During the conversion, several tanks need to be removed and converted into superyacht spa area complete with massage room and snow room. Project Ragnar also has a ski storage for ski gear, a boot room, 1 swimming pool and a Jacuzzi. What is more, the 68-metre conversion project is set to be one of the best-equipped explorer superyachts on the water. At her aft toy storage areas, Ragnar will have options for a Luxury Ripsaw EV2, Eurocopter EC145 helicopter, two 8-metre tenders, a sea explorer submarine, two laser sailing boats on board and much more. Icon Yachts is particularly famous in the yachting world for their refit and conversion projects. Recently, the yard has converted a martime school vessel into a superyacht and relaunched the 1914 vintage yacht Tirrenia II and 60-metre CRN Ramble on Rose after refits.Photos via Icon Yachts
August 19, 2019
Dutch builder Moonen Yachts has declared it has entered into a new ownership, just a month after filing for bankruptcy protection with the Dutch court. The new owners of the yard are an Australian couple, Matthew and Louise Baxter. Matthew, of Scottish origin, is a successful Australian businessman and entrepreneur, who in 1972 established the A M Group, a privately owned worldwide group of manufacturing companies of which he is executive chairman.For several years, Moonen Shipyards was entirely owned by Mexico’s largest steel manufacturer Altos Hornos de México (AHMSA). During that period several yachts were delivered and business ran well at Moonen, thanks to the financial support of AHMSA. The situation changed last May, when Mr. Ancira, the chairman of AMHSA, was arrested on the Spanish island of Mallorca, accused of bribery. Consequentially, AHMSA’s bank accounts got frozen, including the one from Moonen. Some of the accounts were unfrozen after a while, but the money tap for the shipyard remained closed. The lack of financial support to pay wages and settle the required payments on the building of Project YN199 on speculation, led Moonen to declare bankruptcy.The setuation with AMSHA reflected in substantial financial instability of the yard in the past. When in 2015 the steel prices dropped dramatically, Moonen was filed for suspension of payment for a longer period of time. To avoid such an insecure period again, the management of Moonen was already looking for a new investor. In fact, the investor has been found and conversations were at an advanced stage in order to proceed a normal takeover of the shares. Due to the arrest of Mr. Ancira and the loss of cash flow, it was necessary to speed up the process with the intended shareholder, and try to avoid a bankruptcy. However, there was hardly any communication possible with the shareholder and finally Moonen Shipyards was no longer able to meet its obligations towards personnel and suppliers thus bankruptcy followed on the 11th of July.Still, the bankruptcy has cleared the road for the new Moonen in a way, as the proposed investor shared his wish to fully disconnect from AHMSA after the situation occurred last May. What the bankruptsy has relieved the new stakeholders of the responsibility to pay off Moonen’s debts.Louise and Matthew Baxter first discovered Moonen Yachts whilst sailing on Pittwater harbour in Sydney where they came across Moonen 84 Aurora. That lead to their involvement with Moonen.Mr Baxter, who also remains executive chairman of the A M Group, said:It is a privilege to own a yard like Moonen. The brand has an impeccable pedigree, the yachts are true Dutch quality and the team is young, reliable, talented and very loyal to the company. These characteristics are fundamental for success.The shipyard is very honoured and excited with Mr & Mrs. Baxter as their new owners. Moonen’s CEO Johan Dubbelman highlights:We have trust in these new investors and have faith that they will establish a strong future for Moonen Yachts. The 30 to 50 metre market is solid for well-built designs, and our plans are to increase production. Currently we have one, award winning, 36-metre Martinique in build, she’s 50% ready. The focus is to have her on display at the Monaco Yacht Show 2020.The company aims at scaling up production efficiently and starting two new build projects in the upcoming 6 months, he said. Following on with the current build we will start a second 36 metre and a 44 metre, both new and future proof timeless Moonen yachts with interiors designed by the award winning renowned design houses, like Studio Indigo. By building on speculation, delivery times will be shorter and customisation still possible, which is an absolute advantage for our future clients.The yard reports, the majority of the staff and workforce have been reappointed and are enthusiastic to be part of a strong new leadership. To assure continuous high-end quality, Moonen Yachts is going to reinforce the cooperation with long-term strategic partners and subcontractors.
August 19, 2019