United States

Tacoma Boat Building Co

<a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard Group</a> has announced that they have signed a contract with Gabe Newell’s research organisation Inkfish, for the design and construction of the 162-metre research vessel, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a>. <img src="https://photo-assets.superyachttimes.com/photo/395225/image/large-4c78689c1e771914267757e7a61bcfaf.png" data-gid="gid://syiq/Photo/395225">Constructed to the design of the Vard 9 42 platform, the contract is valued at nearly €700 million and is the largest order ever secured by <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a> for one single vessel. <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> will build on the engineering and design foundations of the 100-metre <a data-gid="gid://syiq/Yacht/15856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV6000100.0m (328'1&quot;)Vard Group AS2028">RV6000</a>, Inkfish’s first purpose-built research vessel.<a data-gid="gid://syiq/Yacht/15856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV6000100.0m (328'1&quot;)Vard Group AS2028">RV6000</a> will carry a 6,000-metre-capable remotely operated vehicle for submarine rescue and ocean science and will join Inkfish’s growing fleet, alongside RV&nbsp;<a data-gid="gid://syiq/Yacht/2832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydra55.75m (182'11&quot;)Auroux1974">Hydra</a> and RV&nbsp;<a data-gid="gid://syiq/Yacht/10637" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dagon68.28m (224'0&quot;)Tacoma Boat Building Co1985">Dagon</a>; with all vessels supporting marine research globally and contributing data to open-sourced repositories.Read more: <a data-gid="gid://syiq/Article/64326" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="From gaming to yachting: Gabe Newell on life at sea and building the future with Oceanco (2025-09-25 13:30:00 +0200)">From gaming to yachting: Gabe Newell on life at sea and building the future with Oceanco</a><img src="https://photo-assets.superyachttimes.com/photo/395287/image/large-3a702d68a469624e332aad3bd22c80ed.jpg" data-gid="gid://syiq/Photo/395287">Developed by <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a> Design, in collaboration with Inkfish, <a data-gid="gid://syiq/Company/7198" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YTMC Limited (Company)">YTMC</a> and the support of the <a data-gid="gid://syiq/Company/295" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fincantieri Yachts (Company)">Fincantieri Group</a>, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> is designed for seafloor mapping, corer operations, submarine handling and support and ROV operations at depths of up to 11,000 metres.The custom-built platform allows <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> to push the boundaries of what is possible for marine research, by bringing researchers, shipbuilders and operators together from the outset to ensure her design is driven directly by scientific ambition and need.<img src="https://photo-assets.superyachttimes.com/photo/395288/image/large-4693f84eeca13baa97fa030368e74634.jpg" data-gid="gid://syiq/Photo/395288">With a beam of 28-metres, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> is equipped with four stabilisers for reduced motions and accelerations, with up to 12 hours of operation in silent mode, thanks to an integrated battery system.&nbsp;This battery system will be the largest ever installed on a vessel and will enable <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> to operate for 12 hours with silent scientific sub conditions. The vessel will also be certified in accordance with the latest IACS cybersecurity requirements, allowing her to function against modern-day digital threats.<img src="https://photo-assets.superyachttimes.com/photo/395289/image/large-4eb09424d8cbe2cb74702a5764d86c60.jpg" data-gid="gid://syiq/Photo/395289">“We are extremely proud that Inkfish has returned to <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard Group</a> for another research vessel,” explained Cathrine Kristiseter Marti, CEO at <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard Group</a>. “This vessel is truly unique in all terms with a high level of new design ideas and technological solutions.”<a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> will be equipped with a Conductivity, Temperature and Depth system (CTD) for high-precision measurement, alongside an offshore crane on her port side for operations down to 2,500 metres, with active heave compensation.<img src="https://photo-assets.superyachttimes.com/photo/395282/image/large-642b8c599cfebc1cae8d31c942d060a6.jpg" data-gid="gid://syiq/Photo/395282"><a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> also boasts a newly developed bridge concept, where the operator environment is expanded beyond traditional navigation to include research and safety functions. As well as this, she will also be equipped with a comprehensive SeaQ solution from Vard Electro, covering power, control, bridge and communication systems in one integrated delivery.Additionally, Seaonics will provide a comprehensive and advanced lift and handling package to support Inkfish’s research missions. The package includes an A-frame system, scientific winch system, launch and recovery system for ROV with 11,000 metre depth capacity, shipboard cranes and an offshore crane. The delivery also includes Corer System, CTD System, Moonpool, Hatches and Drop Keel.<img src="https://photo-assets.superyachttimes.com/photo/395283/image/large-8adcacf09a08fbf8ae0a7ed8ed47ddd7.jpg" data-gid="gid://syiq/Photo/395283">“No other vessel has combined such a wide range of newly developed and highly advanced technologies into a single platform dedicated to operating at the deepest parts of the ocean,” added Rune Rødset, SVP Sales and Marketing at <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a>.&nbsp;In terms of accommodation, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> can comfortably accommodate up to 130 crew members and scientists, mostly in single cabins, along with extensive public facilities. There will also be dedicated working spaces such as offices, laboratories and workshops for scientific research.<img src="https://photo-assets.superyachttimes.com/photo/395285/image/large-b719bc436cb4e5fa282827d6b64caba6.jpg" data-gid="gid://syiq/Photo/395285"><a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> sees Vard Interiors combine high-end interior design in the crew and public areas with advanced HVAC and piping systems. Her HVAC system meets Comfort Class with C1 standards, delivering high indoor air quality and 100 percent fresh air ventilation.Advanced air purification, continuous monitoring and an efficient heat pump solutions also ensure both comfort and operational reliability, while supporting future smart vessel capabilities.<img src="https://photo-assets.superyachttimes.com/photo/395284/image/large-c8bdbc2ca50a956e0133c08546486d68.jpg" data-gid="gid://syiq/Photo/395284">“Being part of a project of this magnitude is both humbling and inspiring,” concluded Rødset. &nbsp;“The innovation level and the determination from Inkfish have resulted in a vessel that stands in a class of its own.”The hull of <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> will be built at <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a> Shipyards Romania, Tulcea, while the outfitting, commissioning and delivery will be from one of <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a>’s yards in Norway. Delivery is scheduled to be Q1 2030.Gabe Newell is the co-founder, president and majority owner of the video game company Valve Corporation. He is also the owner of Inkfish and the shareholder of Dutch yacht builder <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/63947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gabe Newell buys Oceanco (2025-08-01 10:15:00 +0200)">Gabe Newell buys Oceanco</a><img src="https://photo-assets.superyachttimes.com/photo/372661/image/large-efbaa1c91bfa6988f938d8e2732895dd.jpg" data-gid="gid://syiq/Photo/372661"><a data-gid="gid://syiq/Article/64326" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="From gaming to yachting: Gabe Newell on life at sea and building the future with Oceanco (2025-09-25 13:30:00 +0200)">In September 2025, Gabe Newell revealed in an exclusive interview</a> that he is the owner of the 78.5-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/10" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocinante78.4m (257'3&quot;)Lürssen Yachts2008">Rocinante</a>, the 72.15-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> yacht <a data-gid="gid://syiq/Yacht/5955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Game Changer72.15m (236'9&quot;)Damen Yachting2017">Game Changer</a>, the 92.8-metre <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> yacht <a data-gid="gid://syiq/Yacht/4018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Draak92.8m (304'6&quot;)Oceanco2014">Draak</a> and the new-build 111-metre superyacht <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> by <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>.&nbsp;Among his research platforms, there is the 68.2-metre <a data-gid="gid://syiq/Company/3754" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tacoma Boat Building Co (Company)">Tacoma Boat Building</a> vessel <a data-gid="gid://syiq/Yacht/10637" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dagon68.28m (224'0&quot;)Tacoma Boat Building Co1985">Dagon</a> which operates as a full-ocean-depth surface platform and the 55.75-metre <a data-gid="gid://syiq/Company/1643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Auroux (Company)">Auroux</a> vessel <a data-gid="gid://syiq/Yacht/2832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydra55.75m (182'11&quot;)Auroux1974">Hydra</a> which is designed for coastal studies.He also has a <a data-gid="gid://syiq/Yacht/16439" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Developments 35m Sportfisherman35.0m (114'10&quot;)Yachting Developments2027">35-metre sportfisher</a> in development at <a data-gid="gid://syiq/Company/474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Developments (Company)">Yachting Developments</a>, that will travel with the main boat and the support boat, as well as the previously mentioned in-build 100-metre <a data-gid="gid://syiq/Yacht/15856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV6000100.0m (328'1&quot;)Vard Group AS2028">RV6000</a> and the new 162-metre research vessel, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a>.&nbsp;

Vard signs contract with Inkfish for 162m research vessel RV11000

Vard has announced that they have signed a contract with Gabe Newell’s research organisation Inkfish for the 162m RV11000 research vessel.

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Vard signs €700M contract with Gabe Newell’s Inkfish for 162m research vessel

It isn’t every day that the superyacht press finds itself on a video call with one of the most influential figures in technology. But when Gabe Newell, co-founder of Valve and now shareholder at <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, appeared on screen for a private roundtable with a select group of journalists during the <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a>, the atmosphere was one of curiosity and anticipation. For an hour, he spoke candidly about his unlikely journey into yachting, his vision for research-led fleets and why he believes there will always be interesting technologies and opportunities to build more boats.<img src="https://photo-assets.superyachttimes.com/photo/372661/image/large-efbaa1c91bfa6988f938d8e2732895dd.jpg" data-gid="gid://syiq/Photo/372661">“I wasn’t interested in yachts at all,” he admitted with disarming honesty over the call, explaining how a surprise charter onboard the 77.6-metre <a data-gid="gid://syiq/Company/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vosper Thornycroft (Company)">Vosper Thornycroft</a> <a data-gid="gid://syiq/Yacht/301" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M577.6m (254'7&quot;)Vosper Thornycroft2004">M5</a> (ex. Mirabella) for his ex-wife’s 50th birthday turned into the start of a lifelong passion. “I thought I was going to be miserable. Instead, I discovered this incredible way to spend time with friends and family.”That first charter led to many more. Then came ownership. Then, inevitably, came shipbuilding. Today, Newell not only owns a growing fleet, but also lives full-time at sea. “Other than a couple of months in 2021, I’ve been living onboard ever since the pandemic,” he said, leaning back in his chair on screen. His three cats, he joked, are just as bemused as he is when the captain informs them which vessel they’re moving to next.<img src="https://photo-assets.superyachttimes.com/photo/319785/image/large-4bb2a8fa9dff74386dd0cf81c8991888.jpg" data-gid="gid://syiq/Photo/319785">The scale and diversity of Newell’s fleet is unusual, even by superyacht standards. He counts the 78.5-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/10" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocinante78.5m (257'7&quot;)Lürssen Yachts2008">Rocinante</a> as his first acquisition, the 72.15-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> yacht <a data-gid="gid://syiq/Yacht/5955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Game Changer72.15m (236'9&quot;)Damen Yachting2017">Game Changer</a> as a support vessel, and both <a data-gid="gid://syiq/Yacht/4018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Draak91.5m (300'2&quot;)Oceanco2014">Draak</a> and the new-build 111-metre superyacht <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> by <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> as those included under his ownership. Beyond the traditional yachts, however, lies an array of research platforms, including the 68.2-metre <a data-gid="gid://syiq/Company/3754" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tacoma Boat Building Co (Company)">Tacoma Boat Building</a> vessel <a data-gid="gid://syiq/Yacht/10637" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dagon68.28m (224'0&quot;)Tacoma Boat Building Co1985">Dagon</a> which operates as a full-ocean-depth surface platform and the 55.75-metre <a data-gid="gid://syiq/Company/1643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Auroux (Company)">Auroux</a> vessel <a data-gid="gid://syiq/Yacht/2832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydra55.75m (182'11&quot;)Auroux1974">Hydra</a> which is designed for coastal studies.&nbsp;He also has a 35-metre sportfisher in development at <a data-gid="gid://syiq/Company/474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Developments (Company)">Yachting Developments</a>, that will travel with the main boat and the support boat, and has signed an agreement with <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a> for the 100-metre <a data-gid="gid://syiq/Yacht/15856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV6000100.0m (328'1&quot;)Vard Group AS2028">RV6000</a>, which will carry a 6,000-metre-capable remotely operated vehicle for submarine rescue and ocean science, and the research vessel <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a>, which is still in development.&nbsp;While the fleet is diverse, the vision is consistent that yachts are not just used as platforms for leisure, but as tools for exploration and science. Through Inkfish, his marine research organisation, Newell supports scientists with access to deep-sea technology, from advanced ROVs to mapping equipment. “Our focus is to be a service organisation to the scientific community,” he explained. “We ask scientists directly, what’s helpful? Sometimes that means getting them to critical parts of the ocean. Sometimes it means grants to process the data we collect. The point is to be led by science, not by ego.”<img src="https://photo-assets.superyachttimes.com/photo/367974/image/large-ea8d38f7ced1d8b2d5c392d963d93997.jpg" data-gid="gid://syiq/Photo/367974">At one point during the call, he described how high-school students had boarded his research vessels, watching specimens being prepared, and later wrote to ask when the boats would return. He smiled as he recounted their excitement: “That’s the impact I want to see. When the community says, ‘You’re coming back? Hooray!’ then we know we’re doing it right.”If his research ambitions are ambitious, his philosophy as a yacht owner is just as striking. Newell has imported the mindset of a software engineer into yacht design, thinking in terms of productivity and user experience.On <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a>, for instance, the deck is not teak but <a data-gid="gid://syiq/Company/7672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bolidt (Company)">Bolidt</a>. “I’d rather the crew spend less time polishing decks and more time interacting with guests,” he said. “It’s about maximising the valuable experiences onboard. Do you want your crew polishing chrome, or taking your child out on a Jet Ski? To me, it’s obvious.”That approach extends deeper, with crew actively designing tenders, galleys and operational spaces. “We started by asking our dive team to design their own tender. The results were so good that we realised, the more you involve the crew in design, the better the outcomes.” On screen, he gave a small shrug as if to say the idea was obvious, though it represents a radical departure from how most yachts are conceived.Few yacht owners speak as comfortably about CNC machining, AI models or pressure vessels as they do about cruising grounds. For Newell, technology is not an accessory to his yachting, but the foundation of it. A self-taught machinist who once kept a five-axis CNC mill in his living room, he now funds advanced material research. <img src="https://photo-assets.superyachttimes.com/photo/367451/image/large-26f50ff0e23faff563f5ba25af0026b5.jpg" data-gid="gid://syiq/Photo/367451">One project in partnership explores aluminium oxynitride, a transparent ceramic stronger than titanium. “It’s so strong that titanium becomes the gasket material,” he said, eyes lighting up through the video link. The aim, to build a fully transparent, full-ocean-depth submersible hull.Newell was also an early funder of OpenAI, and speaks enthusiastically about applying machine learning to shipbuilding. “Putting stress and strain gauges everywhere, collecting time-series data and comparing it to model predictions, that’s where AI can validate and improve design. It’s about putting shipbuilding in front of the wave of technological advancement.”Examples already in place include pathogen-detection systems onboard to identify influenza or RSV, and discussions around bridge systems that use augmented reality to detect submerged objects at night. “Machine vision is already better than humans in many cases,” he said. “It’s just about integrating it in a way that enhances safety.”<img src="https://photo-assets.superyachttimes.com/photo/372683/image/large-fde494e79d89a678a296d7074c300d04.png" data-gid="gid://syiq/Photo/372683">Gabe Newell acquired <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> in August 2025, stating he intends to support and reinforce its existing culture, which he views as effective, principled and forward-looking. The investment in <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> itself stemmed not from a cold business calculation, but from a sense of belonging. Building <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> with the yard’s CEO Marcel Onkenhout and his team created a natural partnership for Newell.“It didn’t feel adversarial. It felt like collaboration,” Newell explained. “I was fanboying all over Marcel and his team. The quality made me root for them. Eventually it was like, how can I be part of this team too?” The result was a formal stake in <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, but with a philosophy that profit alone is not the driver. “The goal is to create happy customers. Profit is just the signal that you’re doing better than others. My focus is on how to make already brilliant yachts even more valuable to owners.”<img src="https://photo-assets.superyachttimes.com/photo/365665/image/large-908318675f42f6a91544e68f54985a77.png" data-gid="gid://syiq/Photo/365665">For Newell, the process of designing and building yachts has become as much a joy as the finished vessels themselves. “I’ll actually be sad when <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> is delivered, because I’ve loved working with the team,” he admitted via the video link. Asked whether he will always be building yachts, he admitted that it's an ongoing conversation and that there will always be interesting opportunities to move technology forward in the industry, in ways that might be too risky to ask another owner to take on. “In those cases, we could look at a speculative project or something I’d build myself, which gives the yard more design freedom. But it depends on what the team at <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> wants to try.”It is a revealing answer. For an industry often shrouded in secrecy, Newell brings not only capital and innovation, but a refreshing openness. He jokes about his cats, shares anecdotes of his children, and speaks earnestly about wanting yachts to be seen as good actors in the communities they visit.Marcel, speaking towards the end of the call, agreed wholeheartedly. “What has always bothered me most in 30 years is the secrecy and gossip,” he reflected. “In the years ahead, we want to lead by example, and transparency will be part of that.”<img src="https://photo-assets.superyachttimes.com/photo/367971/image/large-02a0541df7b4d8e25e92bf73af030e34.jpg" data-gid="gid://syiq/Photo/367971">Gabe also noted that many of his peers in the American tech world “aren’t nearly as aware of yachts and yachting as a lot of people in Europe,” and that simply getting them onboard could be transformative. “It’s a little like shooting fish in a barrel,” he said with a grin. “There are so many people who would never think about yachts, but once they experience it, they’ll realise it has an important role to play in their lives.” For Newell, the challenge lies in making the sales process experiential, because simply getting potential owners onboard, he argued, is often enough to change perceptions entirely.As the call drew to a close, he turned the tables on the assembled journalists: “What do you want <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> to do?” It was a fitting end from a man whose career has been built on questioning assumptions, listening closely and then reimagining what is possible.

Gabe Newell: Life at sea and building the future with Oceanco

Gabe Newell speaks about his fleet, Oceanco investment and vision for yachting innovation.