Coral Ocean reborn: Iconic 73m Lürssen superyacht completes €35 million refit

Coral Ocean, originally known as Coral Island, has been reborn following a thorough and extensive refit at STP shipyard in Mallorca, managed by the Ahoy Club team. SuperYacht Times received a first view of the newly complete superyacht as she made a spectacular reentry into the Mediterranean charter season, following her purchase by the Australian entrepreneur Ian Malouf in 2019. The yacht has now been entirely redesigned by the Ahoy Club team, the company who now own and charter the vessel. Coral Ocean yachtBuilt in 1994, Coral Ocean is one of the most iconic Lürssen superyachts ever built. This 72.54-metre yacht was one of the yard’s largest projects at the time, and remains the 43rd largest yacht to hold the Lürssen name. She was built to the designs of Jon Bannenberg, the convention breaking Australian designer who is universally acknowledged as the father of modern yacht design. Coral Ocean yachtCoral Ocean yachtWhen Coral Ocean was delivered in 1994, she was notable in part because of her perfect proportions. She was considered large at the time of her launch, but her steel hull and aluminium superstructure underpinned an extraordinary layout; with aspects such as the aft deck staircase and the articulated levels on the top deck.Coral Ocean yachtCoral Ocean yachtThe yacht Coral Island was privately owned and was not seen in public at all. Then in 2015, she returned home to the Lürssen shipyard, re-emerging one year later with the continuation of the Bannenberg legacy, through the contributions of Jon’s son Dickie and the creative minds of Bannenberg & Rowell Design. Despite her 20-year lineage, and various interior refits over the years, the yacht had remained faithful to the original design style, with the rustic, tribal style preserved with a neutral palette of creams and browns.Coral Ocean yachtCoral Ocean yachtIn 2019, Ian Malouf, founder of digital yacht marketplace Ahoy Club, stepped aboard Coral Ocean, marking the beginning of the next chapter of her life. He told SYT, "I had come to the show with the intention of viewing new yachts as we were looking for another charter vessel to add to the Ahoy Club; never would I have imagined walking aboard a 30 year-old yacht and falling in love with it, but as soon as we crossed her transom, we knew she was the yacht for us. Her history and story in the industry was still completely authentic and she had so much potential. I put an offer in for her there and then and it was still one of the best decisions I have made. We are very proud to have been able to resurrect this iconic yacht and give her a new life."  Coral Ocean yachtCoral Ocean was the latest European upgrade for Malouf, who had simultaneously sent his 54-metre Baglietto, Mischief to the Southern Hemisphere from her base in Sydney, Australia. Mischief also  still remains the largest commercial charter superyacht ever imported into Australia. Malouf’s current fleet is known for the fun names that represent his entrepreneurial roots, such as Rascal, Chaos, Double Trouble and Cheeky. The Malouf family felt a large sense of responsibility as the new owners and custodians of Coral Ocean because of her profound history. Coral Ocean therefore remains the only exception to the fun names, due to Malouf’s respect for the yacht's designer and builder who contributed to the global significance of this iconic vessel.Coral Ocean yachtCoral Ocean yachtWith the onset of COVID in 2020, the timing was right to commence Coral Ocean’s next chapter; and after a worldwide search, the Astilleros de Mallorca shipyard was chosen as the right site for the major rebuild. The €35 million rebuild spared no expense and left no detail incomplete, and she was unveiled to the world at the 2022 Monaco Grand Prix. Coral Ocean yachtThe Malouf family isn’t strangers to revolutionary refits, as their striking French navy hull and white boot stripe superyacht, Mischief was transformed in 2016. Her dark mahogany woods were replaced with white, bright spaces and more informal entertainment areas. The refit was hailed as an overwhelming success, with the weekly charter rate increasing by a total of €50,000 as a result.  Coral Ocean yachtCoral Ocean yachtCoral Ocean has been transformed on similar principles of perfection, oozing luxury and elegance in every way. The ability to accommodate up to twelve guests across six beautiful staterooms remains unchanged. However, all guest staterooms have now been elevated to be of equal quality leaving every guest onboard feeling like the owner. Coral Ocean’s dining spaces have been completely re-imagined, providing alfresco dining or a decadent formal dining inside for special occasions. Her interiors are just as special as the exterior, with a dramatic use of white reflective surfaces, accented with green and blue tones, give her a real sense of elegance, sophistication and style. Coral Ocean yachtCoral Ocean yachtCoral Ocean’s sundeck received a major overhaul, featuring a newly created sky lounge, a spa pool complete with glass floor, spacious loungers, and an indoor bar offering with floor-to-ceiling retractable glass windows, for the ultimate indoor-outdoor experience. Coral Ocean yachtThe rebuild of the owner’s deck was just as significant, with the master bedroom doubling in size. The room is flooded with plenty of natural light thanks to two large skylight windows, and  panoramic windows that offer 180-degree views from the super-king bed. The master bedroom is equipped with his and hers ensuite bathrooms with an infrared sauna, hair salon facilities and a private lounge area. An adjoining treatment room also provides a private sanctuary for all of their health and beauty needs.Coral Ocean yachtCoral Ocean yachtThe changes made to the two upper decks increased the overall volume of the yacht by approximately 150 GT, ensuring every bit of the yacht was maximised for guest enjoyment. In addition to this, the complete transformation of the interior saloons also allows multiple areas for charter guests to unwind and relax when on the water.  Coral Ocean yachtCoral Ocean yachtThe superyacht Coral Ocean is now available for charter in the Mediterranean with Ahoy Club. Her epic transformation has once again positioned her as a standout in her class, a generational change of quality design but one which pays homage to her magnificent history of beauty and sophistication.Coral Ocean yacht

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