What will happen to Summit One?

Written by Malcolm John Wood

Currently lying in Cape Town harbour awaiting a buyer, the fate of the incomplete Summit Oneremains a mystery. Originally built as LAC IIIfor the late Roy Carver, this yacht was built by Maritima de Axpe (hull #89) in Bilbao, Spain in 1976 to a design by Arthur Defever & Doug Sharp. Her original interior was by Pierre Tanter. The name LAC was derived from the owner’s mother’s initials.Summit One in Cape Town Photo: Merijn de Waard / SuperYacht Times

Although Carver originally planned to build one yacht, he was disappointed with the yard’s progress on this yacht and ordered another yacht from Feadship’s De Vries yard, utilising the same designers for the exterior and interior. This yacht was completed in 1975 as LAC II (now Valeria) some 18 months ahead of the Spanish built LAC III.

LAC III was later sold to the Sultan of Sabah and renamed Puteri Sabah II. She then passed to another Malaysian owner as Puteri Sipadan. The yacht was on the market in 1999 for the very low price of US $1,1 million.

The yacht was eventually sold to an American and taken to South Africa in 2001 for an extensive refit that included lengthening by 5 metres. However, there was a financial dispute with the refit yard, Farocean of Cape Town, and the work was halted in 2003.
The yacht had been renamed Summit One by this time, and has remained in an incomplete state since.

Do you have insight into the Summit One project? Get in touch at[email protected] to share any further details.



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