The Government of Malaysia has announced that the 91.5-metre Oceanco yacht Equanimity will be sold to Genting Malaysia Bhd, or its special purpose vehicle (SPV), for the price of $126,000,000. The vessel was seized off the coast of Bali by Indonesia last February at the request of US authorities, with Burgess appointed as the central agent by the High Court of Malaysia last year.Photo: BurgessThe resort company Genting Group also owns a shipyard that builds superyachts and operates a luxury yacht chartering division. The purchase price of $126,000,000 will be paid by Genting, and received by the Court, by the end of this month. This sale ranks as the highest recovery to date for the Government of Malaysia from the 1MDB scandal and takes place only eight months from the commencement of this action.
First put up for sale in October 2018, Genting offered the highest price, although several offers were also over $100,000,000 according to the Government of Malaysia. Notably, since the offer by Genting was negotiated directly with the Government of Malaysia, no agency commission is payable, thus resulting in savings of around $4.4 million. Accommodating up to 22 guests in 11 staterooms, motor yacht Equanimity benefits from a host of amenities, including a beach club and health centre with gym, pilates studio, sauna, hammam, plunge pool, beauty salon, fully certified helipad and two 10.5-metre Hodgdon tenders. Equanimity was also the first superyacht designed and built to be fully Passenger Yacht Code (PYC) compliant.
In terms of Equanimity's performance, her ice-classed hull is powered by twin MTU 20V 4000 M73L engines that provide a maximum speed of up to 18.5 knots. Cruising at 14 knots, she can reach a range of 5,000 nm.
The SuperYacht Times iQ 2018 Report
Did you know that in 2017....
- 180 new yachts over 30 metres were sold
- 149 new yachts over 30 metres were completed
- 443 yachts over 30 metres were under construction
- 30% of the yachts under construction were available for sale
- 20% of the yachts were owned by clients from the USA