who owns m5 sailing yacht

Yacht, IMO 8979374

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The current position of M5 is at Caribbean Sea reported 0 min ago by AIS. The vessel is en route to UNION ISLAND , sailing at a speed of 8.9 knots and expected to arrive there on Feb 27, 16:00 . The vessel M5 (IMO 8979374, MMSI 319191100) is a Yacht built in 2004 (20 years old) and currently sailing under the flag of Cayman Islands .

Position & Voyage Data

Map position & weather, recent port calls, vessel particulars.

M5 current position and history of port calls are received by AIS. Technical specifications, tonnages and management details are derived from VesselFinder database. The data is for informational purposes only and VesselFinder is not responsible for the accuracy and reliability of M5 data.

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M5 (ex Mirabella V) restyled by Pendennis Shipyard

M5 's stern was remodeled at the  pendennis shipyard in falmouth, uk and completed her sail trials successful..

M5 was originally built in 2004 as Mirabella V . Until she is still the largest sloop with over 75 meters (length of the hull) and an almost 90 meters long mast.

Designed and manufactured by Carbo-Link with OYS making the fittings, the 34 new carbon fiber stays, and titanium fittings with built-in dynamic fiber optics have decreased the weight of the rig by 18 tons. The sail trials not only established the M5 ‘s potential speed but tested the new system and balance of the yacht under sail for the first time. During several hours on the water with challenging sea conditions, the remodeled boat performed well, reaching 17.7 knots in 18-23 knots of wind.

The project, due to be completed over the next month, has seen a collaboration between Pendennis and the original designer Ron Holland , to achieve the Owners idea of extending the stern by 3m which has created a new sleeker profile providing an impressive aft deck area. During the refit, Pendennis has completed extensive engineering works and the interiors have been redesigned by UK company Redman Whiteley Dixon .

M5 carries now a water plane on aft deck

Stepping the huge mast

Close to the wind when she was MIRABELLA V

Main Specifications of Sailing Yacht M5

Sharing is caring - thank you, blue papillon // royal huisman, sy200 – self-sustainable sailing yacht // philippe briand, mm725 – 72.5m sloop by malcom mckeon yacht design, canova // baltic 142 with dss foil, video: sarissa by vitters, alithia // abeking & rasmussen, nikata // baltic yachts, rivale 78 // valerio rivellini.

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One of the world's largest sailing yachts arrives on Vancouver Island

One of the largest sailing yachts in the world cruised into a small Vancouver Island community this week, drawing a constant stream of onlookers to the Mill Bay Marina.

At 78 metres long and nearly 90 metres tall, the sloop M5 is hard to miss.

According to Boat International magazine, the Cayman-flagged vessel is the largest single-masted sailing yacht in the world.

The M5 sailed into the Saanich Inlet marina on Sunday, with a floatplane housed on its rear deck.

Built in 2004 by U.K. shipyard Vosper Thornycroft at an estimated US$50 million, the vessel is owned by Texas oil billionaire Rod Lewis, according to Boat International.

Marina staff say the vessel is due to depart on Friday.

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Jeff Bezos’ New Yacht Is Finally Ready to Set Sail

Amazon’s founder has been spotted on Koru, a massive schooner with a design that evokes the golden age of sailing in the early 20th century.

By Kevin Koenig

Just in time for the high season of yachting in the Mediterranean, when multimillion-dollar megayachts descend on ports like Monte Carlo and St. Tropez, Jeff Bezos, the founder of Amazon, has been photographed with his partner Lauren Sánchez on his new boat, Koru, off the coast of Spain.

Mr. Bezos’ vessel is a sailing yacht, a departure from the diesel-powered, floating palaces popular with other billionaires. But it is still massive. At 417 feet, Koru is the world’s largest sailing yacht, according to Boat International , and it cost an estimated $500 million to build, Bloomberg reported . (Parsifal III, the boat featured on Bravo’s reality series “Below Deck Sailing Yacht,” is 177 feet long — less than half the length of Koru — and cost $18 million , according to the website SuperYachtFan.)

A spokesperson for Mr. Bezos did not comment for this article; neither did Oceanco, Koru’s builder. Here is what to know about the boat.

For traditionalists, Koru is refreshing. At a time when yacht design skews outrageous — see the lizardlike, 262-foot Artefact or the otherworldly 463-foot Yas — Koru stands out as a schooner, a sailing vessel with two or more masts. Photos reveal a large sailboat with three masts, an on-deck pool and a voluptuous mermaid on the bow, that bears a resemblance to Ms. Sánchez. But otherwise, the sleek, classic lines suggest the patrician age of yachting in the early 20th century, said Robert B. MacKay, author of “The Golden Age of Newport Yachting: Between the Wars.”

“With the clipper bow and the dark hull and the masts,” Mr. MacKay said, referring to Koru’s concave, pointy forward section, “it reminds me of a boat built in 1930 for J.P. Morgan Jr., Corsair IV. It is almost like a reincarnation. It’s certainly at odds with the stuff the oligarchs are building — those look like bloated Clorox bottles.”

Compared with the world’s very largest motor yachts — built for sheer size and the accompanying bragging rights — Koru could almost be considered quaint. Azzam, one of the world’s largest motor yachts, is nearly 200 feet longer.

The Experience

Koru will be propelled primarily by the wind. “Sailboats are usually greener than most powerboats,” said Don Anderson, a former captain of M5 , the world’s largest single-masted sailboat, at 256 feet. “I’d like to think that Koru will be one of the most ecological yachts out there, with its sails and also with the technology that will be aboard.”

“When you’re on a sailboat, you’re more in touch with the wind and the waves than on a powerboat,” he continued. “You’re more susceptible to the elements, too. But you can leave California, and once you get past the Catalinas you can basically surf downwind all the way to Hawaii. All you need to do is run with the waves.”

Mr. Bezos has been a guest on similar boats, according to Bloomberg: In 2019, he was spotted on Eos , a 305-foot sailing yacht owned by Barry Diller and Diane von Furstenberg.

Bill Tripp, a Connecticut-based naval architect, said the appeal of this type of boat is clear: “When you are on a powerboat, you ask, ‘Are we there yet?’ and on a sailboat, you’re enjoying the ride and the ocean so much that you don’t ask that question.”

Koru will be trailed by Abeona, a 246-foot support vessel. Superyachts often have support vessels following along behind them. These “shadows,” as they are colloquially known, are for the “toys” — the ATVs, supercars, seaplanes, motorcycles, smaller boats, scuba gear, personal submarines and even helicopters that pleasure boaters might bring on a trip. According to its builder, this model of boat can carry these gadgets along with dozens of crew members. (Ms. Sanchez flies helicopters, and the couple was recently photographed taking a helicopter to board Abeona and then Koru.)

Abeona, a motor yacht, will have enough range to follow Koru from the Mediterranean to the Caribbean — a common course for yachts — on a single tank of gas.

The Kerfuffle

Koru set off a controversy last year — before it was even completed — in a face-off with the Dutch city of Rotterdam. The boat was built at Oceanco’s facility in Alblasserdam, the Netherlands, and needed to pass the historic Koningshaven Bridge, known as “De Hef,” in Rotterdam, to undergo testing in the North Sea.

When the city announced it would dismantle the bridge to allow the boat and its mainmast — an estimated 230 feet tall — to pass through unscathed, locals were angry. They planned a protest to throw eggs at the yacht as it cruised by. In the end, the bridge was not taken apart, and the yacht was towed to a different location to have its masts attached.

Koru is Maori for “coil” or “loop” and refers to the unfurling of a fern frond. The koru design is common in traditional Maori art, where it symbolizes new life, growth and peace. Mr. Bezos included a photo of a koru frond in an Instagram post on Jan. 1, 2022.

Brad Stone, who was the first to report on Koru, in his 2021 book “Amazon Unbound: Jeff Bezos and the Invention of a Global Empire,” said the name was “consistent with where we see him today.”

“He is no longer this single-minded tech guy,” Mr. Stone said. “He’s in media and Hollywood and has a new relationship.”

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M5 (ex: Mirabella V)

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M5 yacht NOT for charter*

75m  /  246'1 | vosper thornycroft | 2004 / 2020.

Owner & Guests

Cabin Configuration

• Previous Yacht

Special Features:

• Impressive 3,455nm range
• Comfortable Movie Theatre
• DNV (Det Norske Veritas) classification
• Sleeps 12 overnight

The 75m/246'1" sail yacht 'M5' (ex. Mirabella V) was built by Vosper Thornycroft in the United Kingdom at their Southampton shipyard. Her interior is styled by design house Ron Holland Design and she was completed in 2004. This luxury vessel's exterior design is the work of Ron Holland Design and she was last refitted in 2020.

Guest Accommodation

M5 has been designed to comfortably accommodate up to 12 guests in 6 suites. She is also capable of carrying up to 14 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include a movie theatre, sauna, gym, deck jacuzzi, WiFi and air conditioning.

Range & Performance

M5 is built with a GRP hull and GRP superstructure, with teak decks. Powered by twin diesel MTU (12V2000M70) 1,080hp engines, she comfortably cruises at 14 knots, reaches a maximum speed of 13 knots with a range of up to 3,455 nautical miles from her 60,000 litre fuel tanks at 11 knots. Her water tanks store around 31,000 Litres of fresh water. She was built to DNV (Det Norske Veritas) classification society rules, and is MCA Compliant.

*Charter M5 Sail Yacht

Sail yacht M5 is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

M5 Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

M5 Awards & Nominations

• The World Superyacht Awards 2020 Best Refitted Yacht Nomination

NOTE to U.S. Customs & Border Protection

Specification

S/Y M5

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Largest Sailing Yachts in the World (with Price & Owners)

In this list of the largest sailing yachts in the world, you'll discover the top 20 remarkable ones, from the groundbreaking Sailing Yacht A at 469 feet to Jeff Bezos' massive Y721 (aka Koru) that spans 416 feet. The owners of these magnificent yachts are often influential figures in various industries, such as technology, finance, and real estate.

Sailing Yacht "A", the largest sailing yacht in the world, is owned by Russian billionaire Andrey Melnichenko, who also owns Mikhail S. Vorontsov and Hetairos. Other large sailing yachts are:

• Black Pearl
• Maltese Falcon
• Sea Eagle II

The yachting industry is bound to keep evolving and pushing the limits of what's possible. Who knows, maybe by 2024, the new Somnio "yacht-liner" might redefine our concept of luxury sailing altogether. For now, let's get to know more about these 20 sailing yachts, their prices, and their owners.

• Sailing Yacht "A", built in 2015, is worth $600 million. It can accommodate 20 guests and 54 crew members.
• The largest sailing yacht was designed by Philippe Starck and built by the German shipyard Nobiskrug.
• Andrey Melnichenko is a prominent figure in the worlds of business, yachting, and philanthropy.
• Top-notch industry players such as Oceanco, Lürssen, Royal Huisman, and Vitters Shipyard are known for their attention to detail and form-function balance, which could potentially increase the yacht's price.

On this page:

20 largest sailing yachts, the largest sailing yacht in the world, world's largest yacht is owned by....

Sailing Yacht A — 142.81M (468.6 Ft.)

You may have heard of Sailing Yacht A, a luxurious superyacht measuring 143 meters in length. Owned by Russian billionaire Andrey Melnichenko, this yacht is famous for its blend of modern design and cutting-edge technology. Its price is estimated to be around $500 million.

Sailing Yacht "A" is unique for its futuristic design, which includes a towering masts that are among the tallest in the world, a curved hull, and a striking all-black exterior. The yacht also features a state-of-the-art hybrid propulsion system that allows it to sail silently and efficiently under wind power, as well as a range of luxurious amenities such as a swimming pool, a helipad, and a spa.

Koru — 127M (416 Ft.)

Amazon founder Jeff Bezos owns the breathtaking Oceanco's record-breaking 127-meter sailing yacht, Koru. This sailing giant was built in the Netherlands in 2023.

Koru is unique for its custom design, which was created by the renowned naval architect Ron Holland and features a sleek and modern exterior with clean lines and a metallic silver finish. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a hybrid propulsion system that allows for efficient and flexible sailing.

Sea Cloud — 109.5M (359 Ft.)

At 109.52 meters, the elegant Sea Cloud is a breathtaking four-masted sailing ship built in 1931. It operates primarily as a luxurious charter yacht, providing guests with a unique, unforgettable experience.

Sea Cloud is unique for its historic charm and elegance, having been built in 1931 as a private yacht for a wealthy American couple. The yacht has since been restored and converted into a luxury cruise ship, but still retains many of its original features, including a wooden deck, brass fittings, and period furnishings. Sea Cloud also offers a unique sailing experience, with guests able to help hoist the sails and steer the ship.

Black Pearl — 106.7M (350 Ft.)

The eco-friendly Black Pearl, measuring 106.7 meters in length, boasts state-of-the-art DynaRig technology and holds the title of the world's largest sailing yacht, at least, when it comes to sail area.

Black Pearl is unique for its advanced technology and cutting-edge design, including a revolutionary DynaRig sail system that allows for efficient and flexible sailing, as well as a hybrid propulsion system that can switch seamlessly between diesel and electric power. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa.

Eos — 93M (305 Ft.)

The stunning 92.92-meter sailing yacht Eos has a classic design and high-performance capabilities. Owned by American fashion designer Diane von Fürstenberg and American businessman Barry Diller, it is one of the largest private sailing yachts in the world.

Eos is unique for its size and spacious interior, which includes a range of luxurious amenities such as a full-size bar, a cinema, and a spa. The yacht also features a hybrid propulsion system that allows for efficient and flexible sailing, as well as a classic and elegant design with traditional features such as wooden decks and brass fittings.

Athena — 90M (295 Ft.)

Athena, an impressive 90-meter superyacht, includes five en-suite cabins, a gym, and a library. Built by Royal Huisman, this classic schooner combines luxury with deep sea exploration capabilities.

Athena is unique for its classic design and traditional sailing techniques, having been modeled after the famous J-class yachts of the 1930s. The yacht features a wooden hull, a towering mast, and a range of vintage features such as brass fittings and period furnishings. Athena also offers a range of luxurious amenities, including a swimming pool, a gym, and a library.

Maltese Falcon — 88M (289 Ft.)

You'll be amazed by the innovative Maltese Falcon, a 88-meter sailing yacht. It features a revolutionary DynaRig system and is owned by Greek socialite Elena Ambrosiadou.

Maltese Falcon is unique for its innovative DynaRig sail system, which allows for efficient and flexible sailing without the need for traditional sails and rigging. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a unique interior design that combines modern and traditional elements.

Aquijo — 85.9M (282 Ft.)

The 85-meter superyacht Aquijo is the perfect example of elegance and high-performance on the water. With an impressive interior, it offers the ultimate sailing experience.

Aquijo is unique for its large size and spacious interior, which includes a main salon with a double-height ceiling, a full-size bar, and a dining area that can seat up to 20 guests. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a unique hybrid propulsion system that allows for efficient and flexible sailing.

Sea Eagle II — 81M (266 Ft.)

The 81-meter Sea Eagle II, built by Royal Huisman, features a plumb bow, an exceptional sailing performance, and spacious interiors.

Sea Eagle II is unique for its classic design and traditional sailing techniques, having been modeled after the historic tall ships of the 19th century. The yacht features a wooden hull, a towering mast, and a range of vintage features such as brass fittings and period furnishings. Sea Eagle II also offers a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a spacious and comfortable interior with a classic and elegant design.

M5 — 78.4M (257.2 Ft.)

Owned by American businessman Rodney Lewis, the 75-meter M5 is a luxurious yacht built by Southern Ocean Marine with impressive sailing capabilities.

M5 is unique for its advanced sail system, which includes a set of high-tech carbon-fiber sails that can be adjusted automatically to optimize performance and efficiency. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a sleek and modern interior design with clean lines and contemporary furnishings.

Enigma — 74.5M (244 Ft.)

Enigma, formerly known as Phocea, is a 75-meter sailing yacht known for her sleek profile and extraordinary speed capabilities.

Enigma is unique for its sleek and modern design, which includes a striking silver exterior and a minimalist interior with clean lines and contemporary furnishings. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a hybrid propulsion system that allows for efficient and flexible sailing.

Badis I — 70M (230 Ft.)

Badis 1, a 70.8-meter sailing yacht, boasts a stunning aluminum hull, a powerful rig, and a luxurious interior accommodating up to 12 guests.

Badis I is unique for its classic design and traditional sailing techniques, having been modeled after the famous J-class yachts of the 1930s. The yacht features a wooden hull, a towering mast, and a range of vintage features such as brass fittings and period furnishings. Badis I also offers a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a spacious and comfortable interior with a classic and elegant design.

Vertigo — 67.2M (220 Ft.)

Famed for its contemporary design, Vertigo is a 67-meter sailing yacht built by Alloy Yachts. With impressive features and an award-winning interior, it's a dream come true for sailing enthusiasts.

Vertigo is unique for its striking and modern design, which includes a sleek and minimalist exterior and a spacious and comfortable interior with clean lines and contemporary furnishings. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a hybrid propulsion system that allows for efficient and flexible sailing.

Hetairos — 66.7M (219 Ft.)

Hetairos, owned by a Russian billionaire, is a 66.7-meter high-performance sailing yacht. With an advanced composite hull, it promises excellent speed and luxurious amenities.

Hetairos is unique for its advanced composite construction, which makes it one of the fastest and most efficient sailing yachts in the world. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a striking black and silver exterior design.

Adix — 65.5M (215 Ft.)

The 65.5-meter three-masted schooner Adix is a beautiful sailing yacht known for its timeless design and quality craftsmanship.

Adix is unique for its classic design and traditional sailing techniques, having been modeled after the historic tall ships of the 19th century. The yacht features a wooden hull, a towering mast, and a range of vintage features such as brass fittings and period furnishings. Adix also offers a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a spacious and comfortable interior with a classic and elegant design.

Mikhail S. Vorontsov — 63.4M (208 Ft.)

The Mikhail S. Vorontsov is a 64.5-meter sailing yacht with a completely wooden hull, offering a classic and captivating charm.

Mikhail S. Vorontsov is unique for its opulent and extravagant design, which includes a range of luxurious features such as a grand staircase, a full-size ballroom, and a range of ornate decorations and furnishings. The yacht also features a range of modern amenities, including a beach club, a cinema, and a spa, as well as a hybrid propulsion system that allows for efficient and flexible sailing.

Perseus^3 — 60M (197 Ft.)

The high-performance sailing yacht Perseus^3, measuring 60 meters in length, includes a carbon-fiber mast, a powerful regatta rig, and cutting-edge features for the ultimate sailing experience.

Perseus^3 is unique for its advanced sail system, which includes a set of high-tech carbon-fiber sails that can be adjusted automatically to optimize performance and efficiency. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a sleek and modern interior design.

Ngoni — 58M (190 Ft.)

Ngoni, a stunning 58-meter sailing yacht built by Royal Huisman, is known for its innovative design and advanced sailing technology.

Ngoni is unique for its unconventional design, which includes a striking black and gold exterior and a minimalist interior with clean lines and contemporary furnishings. The yacht also features a range of luxurious amenities, including a beach club, a cinema, and a spa, as well as a hybrid propulsion system that allows for efficient and flexible sailing.

Twizzle — 57.5M (188 Ft.)

Last but not least, the 57.5-meter sailing yacht Twizzle offers exceptional sailing performance paired with timeless elegance, making for a luxurious experience on the water.

Twizzle is unique for its spacious and comfortable interior, which includes a range of luxurious amenities such as a full-size bar, a cinema, and a spa. The yacht also features a hybrid propulsion system that allows for efficient and flexible sailing, as well as a sleek and modern design with clean lines and contemporary furnishings.

Fleurtje — 57.4M (188 Ft.)

Fleurtje is a classic sailing yacht that was built in 1961 by the Dutch shipyard De Vries Lentsch. The yacht underwent a major refit in 1993, which included the installation of a new engine, a new mast, and a range of modern amenities.

Fleurtje features a classic design with a wooden hull and a traditional rig, which gives it a timeless and elegant appearance. The yacht also features a spacious and comfortable interior with a range of luxurious amenities, including a full-size bar, a cinema, and a spa. It is also known for its impressive sailing performance, with a top speed of 12 knots under sail and a range of advanced technologies that allow for efficient and flexible sailing.

Is Sailing Yacht "A", which is 143 meters long, 24.88 meters wide, has a draft of 8 meters, and weighs 1428 tons. It can accommodate 20 guests, and has 54 crew members.

The crew sizes, and operating costs of these yachts can vary widely depending on a number of factors, including the size and complexity of the yacht, the level of luxury and amenities onboard, and the location and frequency of use.

Russian billionaire Andrey Melnichenko. Melnichenko is known for his extravagant lifestyle and his love of luxury yachts. He is the owner of the largest and iconic Sailing Yacht "A", which is considered one of the most expensive and technologically advanced yachts ever built. He is also the owner of the motor yacht "A", which was built by the same shipyard as Sailing Yacht "A" and features a similarly striking design.

Melnichenko was born on March 8, 1972, in Gomel, Belarus. In addition to his business and yachting interests, Melnichenko is also a philanthropist who supports a range of charitable causes through his Andrey & Aleksandra Melnichenko Foundation. The foundation focuses on supporting education, science, and culture, and has provided funding for a range of projects in Russia and around the world.

Melnichenko is one of the wealthiest people in Russia, with a net worth of over $18 billion, according to Forbes. He made his fortune in the energy and chemical industries, having founded the fertilizer producer EuroChem and the coal producer SUEK. He is also a major shareholder in the power company Siberian Generating Company and the pipe producer TMK.

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Sunreef yachts opens massive production facility in the united arab emirates.

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From left: Sunreef Founder Francis Lapp, His Highness Sheikh Saud bin Saqr al Qasimi, and Lech ... [+] Walesa at the opening of the new Sunreef production facility in Ras Al Khaimah, UAE.

I’ve had a soft spot in my heart for Sunreef Yachts since I first visited the shipyard in Gdansk, Poland where a hard-working entrepreneur named Francis Lapp was building large luxury catamarans. That was way back in 2010. And since his fledgling shipyard was located in the Gdansk Shipyard where Lech Walesa helped found the Solidarity trade union that played a key role in the eventual collapse of the Soviet Union, it was inspiring to see something so new and innovative emerging from such a historic place. Little did I know that he was just getting started!

Sunreef Yachts newest production facility opens in the UAE

Since then, Sunreef Yachts have continued to push the innovation envelope when it comes to the design and construction of fully-customized eco-responsible catamarans and multihull superyachts. Sunreef Yachts’ current range of sailing and power catamarans ranging from 50-feet to 210-feet-long! And Lapp’s company combines electric propulsion, smart energy management, ultramodern solar panels and ethically-sourced finishing materials to provide a yachting experience unlike many other yachts.

Rafael Nadal's Sunreef 80 catamaran Great White is capable of fast passage speeds.

I also love how astute Lapp is when it comes to recruiting high-profile owner/ambassadors who include superstars like Rafael Nadal and Formula 1 champions Fernando Alonso and Nico Rosberg. Sunreef Yachts are cool and in high demand for lots of reasons.

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Rafael Nadal onboard his Sunreef 80 Great White.

In fact, demand has been so high, the always forward-looking Lapp wasted no time in developing a brand-new, state-of-the-art new production facility that just opened in Ras Al Khaimah in the UAE.

I saw it for myself last week during a break from the Dubai Boat Show last week. And I have no doubt the new facility’s modern paint shop, laminating, carpentry, upholstery and stainless-steel work will be world class.

According to Lapp, Ras Al Khaimah in the UAE was the best strategic choice for this new facility due to Ras Al Khaimah’s incentive, industry support, and easy access to key markets and transportation infrastructure.

His Highness Sheikh Saud bin Saqr al Qasimi touring th recently opened Sunreef production facility ... [+] in Ras Al Khaimah. UAE

“We can now further expand in an environment that merges perfect strategic location, skilled workforce and proactive mindset,” says Lapp. “The yachts produced in Ras Al Khaimah will elevate eco-responsible yachting to a new level and showcase industry-first technology. I would like to thank the RAK Government and RMC management for their invaluable support in making this dream possible and I look forward to building a better future for yachting here.”

“The Ras Al Khaimah shipyard that we are now developing works hand in hand with our local Dubai office, employing a team of specialists from various fields,” adds Sunreef Yachts Middle East Director Munira Lapp. “The aim is to form a yachting think tank that will not only anticipate trends, but also shape the future of yachting with creative solutions. I believe the RAK facility will be the perfect infrastructure to carry out the most advanced eco responsible yachting concepts.”

Work has begun at the new Sunreef Yachts production facility in the UAE

It’s obvious the new facility is an important part of Sunreef Yachts’ global expansion strategy that will not only strengthen the company’s presence in the Middle East, but also allow a stronger connection with the Asian and Australian markets. And with the company’s two existing manufacturing sites in Poland, Sunreef Yachts is most definitely going global.

Watch this space.

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Russian oligarch's yacht is costing U.S. taxpayers close to $1 million a month

A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings.

• The Justice Department is seeking permission to sell Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire Suleiman Kerimov.
• Attorneys for Eduard Khudainatov, an ex-Rosneft CEO who has not been sanctioned, say he owns the yacht, and have sought to take back possession of the vessel.

The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire Suleiman Kerimov. The government said it wants to sell the $230 million yacht due to the "excessive costs" of maintenance and crew, which it said could total $922,000 a month.

"It is excessive for taxpayers to pay nearly a million dollars per month to maintain the Amadea when these expenses could be reduced to zero through [a] sale," according to a court filing by U.S. prosecutors on Friday.

The monthly charges for Amadea, which is now docked in San Diego, California, include $600,000 per month in running costs: $360,000 for the crew; $75,000 for fuel; and $165,000 for maintenance, waste removal, food and other expenses. They also include $144,000 in monthly pro-rata insurance costs and special charges including dry-docking fees, at $178,000, bringing the total to $922,000, according to the filings.

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The battle over Amadea and the costs to the government highlight the financial and legal challenges of seizing and selling assets owned by Russian oligarchs after the country's invasion of Ukraine. European Commission President Ursula von der Leyen said last week that the European Union should use profits from more than $200 billion of frozen Russian assets to fund Ukraine's war effort.

Her comments echoed government calls in the spring of 2022 to freeze the yachts, private jets and mansions of Russian billionaires in hopes of putting pressure on Russian President Vladimir Putin and raising money for the war effort.

Yet, nearly two years later, the legal process for proving ownership of the Russian assets and selling them has proven to be far more time-consuming and costly. In London, Russian billionaire Eugene Shvidler has waged a court battle over his private jets that were impounded, and Sergei Naumenko has been appealing the detention of his superyacht Phi.

The battle over Amadea began in April 2022, when it was seized in Fiji at the request of the U.S. government, according to the court filings.

Though the U.S. alleges that the yacht is owned by Kerimov, who made his fortune in mining, attorneys for Eduard Khudainatov, an ex-Rosneft CEO who has not been sanctioned, say he owns the yacht, and have sought to take back possession of the vessel.

In court filings, Khudainatov's attorneys have objected to the U.S. government's efforts to sell the yacht, saying a rushed sale could lead to a distressed sale price and that the maintenance costs are minor relative to the potential sale value.

Khudainatov's attorneys refuse to pay the ongoing maintenance costs as long as the government pursues a sale and forfeiture. However, they say their client will reimburse the U.S. government for the more than $20 million already spent to maintain the yacht if it's returned to its proper owner.

In court papers, the government says Kerimov disguised his ownership of Amadea through a series of shell companies and other owners. They say emails between crew members show Kerimov "was the beneficial owner of the yacht, irrespective of the titleholder of the vessel."

The emails show that Kerimov and his family ordered several interior improvements of the yacht, including a new pizza oven and spa, and that between 2021 and 2022, when the boat was seized, "there were no guest trips on the Amadea that did not include either Kerimov or his family members," according to the court filings.

The government also says Kerimov has been trying to sell Amadea for years, so a sale would be in keeping with his intent.

"This is not a situation in which a court would be ordering sale of a precious heirloom that a claimant desperately wishes to keep for sentimental reasons," the government said in filings.

Even if Amadea were sold quickly, the proceeds wouldn't automatically go to the government. Under law, the money would be held while Khudainatov and the government continue their battle in court over the ownership and forfeiture. Don't miss these stories from CNBC PRO:

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