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GRACE Yacht – Incredible $140M Superyacht
GRACE yacht, formerly known as Kibo, is a 266-foot superyacht built back in 2014 by Abeking & Rassmussen . Her annual running cost is approximately US $10-14 million.
Grace yacht is currently one of the 58 motor yachts to be included in the 80-90 meter-sized yachts. She now ranks 126th in the world as one of the largest yachts ever created.
GRACE yacht interior
Designed by Terence Disdale , an award-winning designer responsible for creating some of the most renowned superyachts in the world.
Terence Disdale has had no formal training in yacht design or engineering, but despite this, he is still one of the most sought-after designers in the world.
Along with the GRACE yacht, he also has several yachts that he designed.
One of these is the Al Salamah, the 280 million dollar superyacht owned by once Saudi Arabian Crown Prince, Sultan bin Abdulaziz, the Pelorus superyacht, and the Tatoosh superyacht, a 303-foot superyacht owned by the American businessman, Paul Allen.
Onboard the GRACE yacht is an elevator, a beach club, a grand piano, underwater lights, and even a swimming platform.
Adding to this, she also has zero-speed stabilizers to keep guests and crew alike safe and stable when going out to the rough seas.
She also has full air-conditioning to keep guests cool in the hot summer. Speaking of guests, the GRACE yacht can comfortably accommodate lots of people at a time.
She can easily host 12 guests at a time by utilizing her six suite rooms and one VIP cabin, with a cabin configuration of 1 Master and four doubles.
Along with this, she can also hold up to 23 crew members to attend to the guest’s needs.
Specifications
She boasts an incredible 81.00 meters or 265.75 ft length, making her the 126th biggest superyacht globally. Adding to this, she also has a beam of 14.00 meters or 45.93 ft and a draught of 3.50 meters or 11.5 ft.
GRACE yacht was engineered using a steel hull with an aluminum superstructure.
She currently weighs around 2,306 tons, and powering this behemoth are twin 2,000hp Caterpillar 3516-B engines partnered with her 170,000-liter fuel tank.
The GRACE yacht can comfortably cover a distance of over 4,500 nautical miles at cruising speeds of 14 knots and a maximum speed of 16.5 knots.
Along with this, she can carry upwards of 35,000 liters of water, so docking constantly to refill water is not a problem in this superyacht.
Her exterior was designed by the same company that crafted her interior, Terence Disdale, who has already developed 40 yachts and is responsible for the interior designs of 76 vessels.
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One of the world's most breathtaking super-yachts is in Toronto right now
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Nothing says extreme wealth like owning a yacht, but have you ever seen a super-yacht?
There's a boat of ridiculous proportions currently docked in the Toronto harbour right now—possibly the first gargantuan luxury yacht at Queens Quay, ever.
The super-yacht Grace is currently docked at Queens Quay. Photo via Boat International .
Spanning 81 metres long, Grace , as it's called, has been making its rounds around the Great Lakes.
Custom-built by the German shipyard Abeking & Rasmussen in 2014, this monstrous boat was worth a whopping $190 million in 2018.
The privately owned yacht is making a tour around the Great Lakes. Photo via Boat International .
It has two diesel engines, and according to the builders, it goes as fast as 16.5 knots at top speed, which is close to 30 km/hour.
The boat can carry up to 10 guests ansd 17 crew members. Photo via Boat International .
While yachts in general are pretty huge, a superyacht (also referred to as a mega yacht) constitutes anything that measures more than 24 metres long, and can carry a crew.
Grace the super-yacht was built in 2014. Photo via Boat International .
Grace can fit as many as 10 guests and 17 crew members, but you likely won't be able to see inside it, unless you befriend the billionaire that owns it.
Boat International
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A Brief History of Superyachts
And how they explain the world..
Tim Murphy January+February 2024 Issue
James Clapham
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When the US targeted Russia’s oligarchs after the invasion of Ukraine, the trail of assets kept leading to our own backyard. Not only had our nation become a haven for shady foreign money, but we were also incubating a familiar class of yacht-owning, industry-dominating, resource-extracting billionaires. In the January + February 2024 issue of our magazine, we investigate the rise of American Oligarchy—and what it means for the rest of us. You can read all the pieces here .
The luxury yacht may be the world’s most exclusive form of transportation. But there are only a hundred-some that meet the definition of a gigayacht—a pleasure craft 295 feet or longer. Their opaque ownership records offer a glimpse of modern wealth and power: Over two dozen are linked to Gulf royals, businessmen, or states, and 20 to citizens (past or current) of the former Soviet Union. At least 23 have reportedly belonged to Americans, including founders of Microsoft, Netscape, Amazon, WhatsApp, and Snapchat. The widow of a German retailer who thrived under Hitler owned one; a UK tax exile and a Formula 1 dad still do. Yugoslav strongman Tito’s old yacht makes the list; Dominican dictator Trujillo’s does too. Take a cruise through the history of the vessels and their—somewhat—more modest sister ships.
1895: Nineteen years before World War I, the future King Edward VII of England punches his nephew, Kaiser Wilhelm II, in the face, after the German’s 121-foot yacht, Meteor II , defeats the royal Britannia in a race off the Isle of Wight.
1954: Greek shipping magnate Aristotle Onassis ushers in an era of postwar one-upmanship with his 325-foot Christina O . It features a pool that converts into a dance floor, furniture made from whale foreskin, and pornographic carvings.
1963: During his final birthday party aboard the presidential yacht Sequoia , JFK chases future Washington Post editor Ben Bradlee’s wife, Antoinette, into the bathroom and gropes her. “I guess I was pretty surprised, but I was kind of flattered, and appalled, too,” she says later. The ship’s visitor logs are destroyed after Kennedy’s assassination.
1984: King Fahd of Saudi Arabia builds the record-breaking 482-foot Prince Abdulaziz .
1987: Sen. Gary Hart (D-Colo.) drops out of the presidential race just before photos emerge of him with model Donna Rice aboard the yacht Monkey Business .
1988: Donald Trump acquires Nabila , which previously belonged to the Saudi arms dealer Adnan Khashoggi and was featured in the James Bond film Never Say Never Again . He renames it Trump Princess , adds a disco, and changes the helipad’s “H” to a “T.”
1991: After one of Trump’s casinos files for bankruptcy, he sells Trump Princess to his bank—which flips it to a Saudi prince. A new yacht, the Trump Princess II , which he boasted would be “something in excess of 400 feet long, closer to 500 feet,” is never built.
British publisher Robert Maxwell’s body is found in the Atlantic Ocean, where he had been cruising on a 180-footer named for his daughter—the Lady Ghislaine . The vessel is eventually resold to Anna Murdoch, Rupert’s second wife.
1994: At a cocktail party on the oligarch Petr Aven’s yacht in the Caribbean, Boris Berezovsky meets Roman Abramovich, calling him a “nice boy who wanted to discuss commercial projects.” He and Abramovich begin working together to acquire Sibneft, a Russian state oil company.
1997: Construction ends on The Limited and Victoria’s Secret owner Les Wexner’s 316-foot Limitless . The project was overseen by his good friend Jeffrey Epstein.
1999: Oracle co-founder Larry Ellison buys the 191-foot Izanami from a Japanese seller. He changes the name to Ronin , he said later , after “the local newspapers started pointing out that Izanami was ‘I’m a Nazi’ spelled backwards.”
2001: Months before Enron files for bankruptcy, former CEO Jeffrey Skilling asks a company executive for advice on finding a yacht broker. “This industry is known for crooks and thieves,” he warns Skilling.
2002: House Majority Whip Tom DeLay (R-Texas) promises to strip “corporate kingpins of their ill-gotten gains,” after scandals rock Enron and WorldCom. “We’re coming after the yacht.”
2003: DeLay charges donors $500,000 a pop for tickets to a yacht cruise.
2005: Ellison shoots down rumors he issued orders midconstruction to have his newest yacht, the 454-foot Rising Sun , extended to outdo Microsoft co-founder Paul Allen’s recently launched 414-foot Octopus .
Rep. Duke Cunningham (R-Calif.) pleads guilty to federal bribery charges after being caught living rent-free on a yacht, called the Duke-Stir , that was moored in Washington, DC, and owned by a defense contractor.
Sheikh Mohammed bin Rashid Al Maktoum’s 531-foot Dubai surpasses Prince Abdulaziz as the world’s longest yacht.
2006: Media mogul Barry Diller reveals the world’s longest sailing yacht, the 305-foot Eos , whose prow features a 9-foot-tall sculpture of his wife, Diane von Furstenberg.
2007: Diller opens a Manhattan corporate headquarters at a Frank Gehry–designed building that itself has been likened to a sailboat . It’s across the street from where Eos ties up.
2008: George Osborne, the No. 2 official in the UK’s Conservative Party, relaxes on Russian aluminum magnate Oleg Deripaska’s yacht while vacationing with his family in Greece. He denies an accusation that he solicited funds, explaining in a statement that they discussed “Russian history” and drank tea.
2009: As his marriage falls apart, Tiger Woods retreats to a 155-foot yacht called Privacy .
2010: Abramovich’s new ship, Eclipse , surpasses Dubai as the world’s longest yacht. The 533-foot vessel features a submarine, anti-missile systems, and lasers to thwart paparazzi .
2011: During an unsuccessful suit seeking $5 billion he believed Abramovich owed him from the sale of Sibneft, an exiled Berezovsky claims that his former partner helped purchase the yacht Olympia for Vladimir Putin. When the BBC publishes a supporting account from another Russian businessman five years later, Abramovich’s lawyers dismiss the allegation as “a rehash of speculation and rumours.”
2012: As GOP presidential candidate Mitt Romney faces criticism for holding investment funds in the Cayman Islands, his campaign invites donors to party on Cracker Bay . The ship, owned by the founder of The Villages retirement community, flies the Cayman Islands’ flag.
2013: UAE leader Khalifa bin Zayed al Nahyan launches the 593-foot Azzam , surpassing the Eclipse .
2014: The Wall Street Journal reports that Ellison has basketball hoops on “at least two of his yachts” and had someone follow in a smaller boat “to retrieve balls that go overboard.”
2016: Allen’s Tatoosh drags its anchor through a protected zone in the Cayman Islands, destroying 14,000 square feet of coral.
2017: After leaving office, Barack and Michelle Obama retreat to the South Pacific aboard David Geffen’s yacht, where they’re joined by Oprah, Tom Hanks, and Bruce Springsteen.
Abramovich’s business partner, Eugene Shvidler, blocks views of the Statue of Liberty while anchoring his 370-foot Le Grand Bleu in New York Harbor for a month.
Addressing the national Boy Scout Jamboree, Trump tells an anecdote widely assumed to allude to sex parties on a yacht belonging to the developer of the Levittown suburbs. “You’re Boy Scouts, so I’m not going to tell you what he did,” he said. “But you know life.”
Rep. Vern Buchanan (R-Fla.) buys a yacht and on the same day votes to cut taxes on yachts.
2018: Rupert Murdoch is airlifted to UCLA after collapsing on a yacht trip with his fourth wife, Jerry Hall. “He kept almost dying,” a source tells Vanity Fair .
Republican Florida Gov. Rick Scott designates a billionaire donor’s marina as a special anti-poverty opportunity zone.
Someone unties Seaquest , a superyacht belonging to Trump administration Secretary of Education (and billionaire) Betsy DeVos, causing it to crash into a dock on Lake Erie.
Businessman Jho Low, who financed The Wolf of Wall Street , is accused of taking part in a $4.5 billion scheme to siphon Malaysian state development funds and using some to purchase a $250 million yacht.
2019: Actress Lori Loughlin is arrested in a college admissions bribery scheme . Her daughter, USC student Olivia Jade, is vacationing in the Bahamas— on a yacht belonging to USC board of trustees chair Rick Caruso.
Following an investigation into corruption in the Nigerian oil industry, the US government auctions off businessman Kolawole Aluko’s Galactica Star , six years after Jay-Z rented out the vessel for Beyoncé’s 32nd birthday. A former Enron unit attempts to claim a portion of the proceeds.
Clarence Thomas visits an Indonesian preserve for Komodo dragons with billionaire Harlan Crow on the conservative megadonor’s Michaela Rose .
ArtNet reports that a $450 million (reputed) da Vinci that was supposed to be in an Abu Dhabi museum has been spotted hanging in Mohammed bin Salman’s personal yacht, Serene .
Kylie Jenner holds her 22nd birthday party on Low’s yacht, now under new ownership.
2020: “[I]solated in the Grenadines avoiding the virus,” Geffen writes on Instagram from Rising Sun , which he purchased in 2010. “I’m hoping everybody is staying safe.”
Steve Bannon is arrested off the coast of Connecticut by US Postal Police while aboard the fugitive Chinese billionaire Guo Wengui’s 150-foot Lady May .
Liberty University President Jerry Falwell Jr. dresses up as a character from the TV show Trailer Park Boys for a costume party aboard a NASCAR mogul’s yacht. He later posts a photo of himself to Instagram with his fly unzipped and his arms around his wife’s assistant.
2021: NRA CEO Wayne LaPierre testifies that he took refuge on Illusions , a Hollywood producer’s yacht, after the Newtown and Parkland mass shootings. “I remember getting there going, ‘Thank God I’m safe, nobody can get me here.’”
During a bitter divorce, the Daily Mail reports that Tatiana Akhmedova, wife of the Russian Azerbaijani billionaire Farkhad Akhmedov, hired a team of British special forces veterans to seize his yacht, Luna , in an effort to enforce a Marshall Islands court ruling. They settle instead, and he keeps the boat.
Port Azure , dubbed the world’s first harbor designed exclusively for megayachts, opens in Gocek, Turkey. It bills itself as a place where “problems big and small go away.”
2022: Amid reports a historic bridge will be dismantled so Amazon founder Jeff Bezos’ newly built Koru can leave Rotterdam’s shipyards, residents threaten to pelt the sailboat with eggs . The city changes plans.
A Ukrainian mechanic is arrested in Mallorca for attempting to sink a vessel owned by his boss, a Russian arms dealer.
Biden promises oligarchs he’s going to “take their ill-begotten gains” after the invasion of Ukraine. “We’re going to seize their yachts.”
Washington Commanders owner Dan Snyder avoids a congressional subpoena on the team’s misogynistic culture while cruising the Mediterranean on his yacht, Lady S .
Missing Russian superyachts are spotted waiting out sanctions at Port Azure.
Sen. Rick Scott (R-Fla.) criticizes Joe Biden for vacationing in Delaware while vacationing on a luxury yacht in Italy.
After sailing through Fiji on his yacht Aquarius , briefly retired Disney CEO Bob Iger tells friends he misses his wife and is bored with life.
New York Republican congressional candidate George Santos brokers a $19 million deal to sell a superyacht called Namaste to a Long Island car dealer.
Bankrupt crypto exchange FTX reveals in court filings that founder Sam Bankman-Fried’s hedge fund once spent $2.5 million on a yacht, which a top executive named Soak My Deck .
2023: Bezos takes possession of Koru . The $500 million, 417-foot sailboat comes with a bust that resembles his fiancée Lauren Sánchez—and its own second, 246-foot “shadow” support yacht with crew quarters and a hangar for the helicopter she pilots.
After divorcing Jerry Hall, Rupert Murdoch vacations on the Christina O with Abramovich’s ex-mother-in-law.
As TV and movie writers and actors strike, the Wall Street Journal reports that Iger, now back at work, has been regaling visitors to his Burbank office about the new, longer yacht he’s building.
Measuring Contest
Iconic gigayachts through the years
1931: Sea Cloud , Marjorie Post: 359 ft.
1981: Atlantis II , Stavros Niarchos: 380 ft.
2003: Octopus , Paul Allen: 414 ft.
2005: Rising Sun , Larry Ellison: 454 ft.
2010: Eclipse , Roman Abramovich: 533 ft.
2013: Azzam , Sheikh Khalifa: 593 ft.
Illustrations by Anthony Calvert
The Few, The Loud
Some famous faces aboard gigayachts
Steven Spielberg reeled out his anchor off Cannes.
A part of Katy Perry got stuck exiting a dinghy on her way to Barry Diller’s yacht.
Mohammed bin Salman purchased his yacht, Serene , just hours after he saw it.
Jerry Jones made a draft pick aboard his Bravo Eugenia to deepen the Cowboys’ bench.
Mariah Carey was engaged to a gigayacht owner, before the fantasy ended.
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More From Forbes
Despite wars and sanctions, superyacht market continues recent growth.
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The Phi has been detained in Canary Wharf since March 2022.
A superyacht is a status symbol and the ultimate pleasure boat. What ordinary people envisage doing on cruise ships, the super-rich do on their mega-yachts. Space and change of scenery have appealed to humans from time immemorial. However, with luxury yacht ownership requiring vast sums of disposable income, one would think that factors putting the global economy under pressure, such as inflation, Houthi terrorists and Somali pirates attacking ships in the Red Sea, sanctions following the Russian invasion of Ukraine, and before that, the COVID-19 pandemic, would slow down the demand for superyachts. Instead, despite severe disruptions, mainly because of the post-Ukraine 2022 Russian invasion sanctions, with billions sloshing around in the global economy, demand for these vessels has reached a high point, driven by changes in the tastes of the ultra-rich, innovative new uses for superyachts, and the number of buyers able to splurge on such craft.
Expensive Mega-Toys The unique uses of a superyacht are driven by the size and crew demands that separate it from a regular yacht. A superyacht is considered to be a pleasure vessel larger than 24m (80ft) with a full-time captain and crew. This is a costly outlay. There are added costs for not including maintenance, fuel, and expensive power plant, navigation, and communications gear.
The desire for seclusion and social distancing exhibited by the rich since the 2020 pandemic lends itself perfectly to these large, customizable ships that can be taken out to sea. A fully crewed ship is also needed to keep up with for new trend in exploration and environmental sailing, with boat owners venturing outside of the Mediterranean and Caribbean to experience more varied habitats. Other luxury sectors are taking note of these trends driving demand for superyachts, with hotel chains like The Four Seasons and The Ritz-Carlton aiming to offer bespoke superyacht experiences by 2025. By introducing this option, hotel chains are responding to the increased market demand for exploration while creating an experience that is more exclusive and private than a luxury cruise.
Demand has also been driven by an expanding number of prospective superyacht buyers as the number of ultra-high-net-worth individuals continues to increase globally. The growth is primarily driven by American buyers, with significant potential in regions like China and Southeast Asia, where ultra-rich buyers with disposable income are growing at a faster pace than they are in the West. This increase in wealthy customers in Southeast Asia, combined with miles of islands and coastlines, creates the conditions for a robust scene for superyachts in the area. The emergence of a new customer base wealthy enough to purchase super- and mega-yachts has made the industry resilient in the face of government sanctions against one of the industry’s largest consumer bases: Russian oligarchs.
The megayacht Nord, believed to belong to sanctioned Russian oligarch Alexey Mordashov, is seen in ... [+] Hong Kong on Friday, Oct. 7.
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Target: Russia Beginning in the early 2000s, Russian billionaires developed a taste for luxury superyachts, with some like Roman Abramovich (who is reported to own 16 vessels , including the Aquamarine, Eclipse, Garcon, Halo, Pelorus, Solaris and Sussurroo), Alexei Mordashov ( Lady M and Nord ) and Eduard Khudainatov ( Scheherazade , Amadea , Crescent ) placing orders for multiple vessels. According to Superyacht News, an industry publication, Russians account for a significant piece of the world's superyacht market. Their estimated share represents about 10% of superyachts exceeding 40 meters in length. The percentage of Russian ownership rises even further for mega-yachts exceeding 80 meters, where Russians hold the number two spot globally, owning 20% of these vessels. Research by Boat International estimates the contribution of Russian buyers to the global superyacht order book (valued between €35 and €40 billion) to be €3.9 billion.
The popularity of superyachts among Russia’s wealthy has caused them to become a focus of the sanctions imposed on Russia following its invasion of Ukraine in February 2022. Alongside traditional targets, including Russian financial holdings, banks, and energy, the assets of oligarchs are actively being seized and frozen by Western powers when possible through initiatives like the Russian Elites, Proxies, and Oligarchs (REPO) task force launched by the G7 and the U.S. Treasury’s Kleptocracy Asset Recovery Rewards (KARR) program.
The seizure of superyachts as assets will likely continue through the end of the invasion of Ukraine and possibly beyond. Recently, there have been increasing calls to sell or transfer these assets, allowing Ukraine to use or sell them to compensate for the damages caused by the war.
Eclipse | 162.5m Built in 2010 , Germany
Europe Suffers Even though the superyacht industry has a sizeable consumer base in Russia, the companies building and managing these yachts are primarily based in Western Europe. Many of these boats are built by shipbuilders such as Lürssen in Germany and Heesen Yachts and Oceanco in the Netherlands. This has led one of the shipyards, Damen, to sue the Dutch government over damages it claims it suffered from the EU sanctions. Additionally, companies like Burgess in the UK, Imperial Yachts and Edmiston in Monaco, and Moran Yacht & Ship in the US, in charge of servicing, managing, and brokering superyachts, are also concentrated in the West.
While Western shipyards and management companies may lose revenue because of sanctions and asset seizure of the Russian oligarchs, keeping the yachts frozen generates additional costs for the countries where they are being held. Some Western countries devised a solution to ease the burden on taxpayers, granting owners and their representatives special licenses to pay for the frozen vessels. Notably, France and Spain have allowed the billionaire owners of at least four mega-yachts to pay for their upkeep. In the UK, the Office of Financial Sanctions Implementation (OFSI) has allowed the management company Burgess to pay for pre-sanction crew salaries of a yacht frozen in the UK.
Though the media associated superyachts with Russian oligarchs, this archetypal image of a superyacht owner may soon grow obsolete if the sanctions regime remains or even strengthens, causing multi-million dollar losses to the industry. Instead, growth in the sector is driven by a new class of rich being created in places like the United States and the Pacific Rim, seeking luxury lifestyles that can be provided by a superyacht. The superyacht industry will capitalize on the unprecedented wave of demand to increase its resilience in the stormy global security and economic environment.
Quin Buckley & Henry Tsai contributed to the production of this article.
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Love Exploring
15 Extraordinary Superyachts Setting Sail In 2024
Posted: March 19, 2024 | Last updated: March 19, 2024
Breathtaking dream boats launching this year
Ready to discover the ultimate in nautical eye candy?
With the largest-ever superyacht poised to grace the high seas – and several other spectacular launches on the horizon – 2024 is tipped to be a truly unforgettable year for fans of floating palaces.
Click or scroll through to jump aboard the most hotly anticipated superyachts scheduled for delivery this year, from state-of-the-art explorers to a record-breaking model that's expected to cost a staggering $600 million.
All dollar amounts in US dollars.
Custom YS 75 Hybrid: Cost unknown
Ushering in a new generation of high-end eco explorers, this expedition vessel from Damen Yachting in the Netherlands boasts a hybrid propulsion system for zero-emission cruising. For the uninitiated, a hybrid propulsion system uses two or more forms of propulsion, such as a biofuel or diesel engine combined with an electric machine.
As buyers become increasingly aware of environmental concerns, naval architects and yachtbuilders are devising green-leaning vessels that don't compromise on style, luxury, or performance. Damen is among the firms leading the way.
Designed by innovative London studio Michael Leach Design and engineered in-house, the 247-foot Custom YS 75 Hybrid has cutting-edge features, including a touch-and-go helipad and a crane for deploying tenders.
It can accommodate 24 crew members and up to 12 guests across six staterooms and boasts plush entertaining areas.
Due to launch early this year, the innovative vessel will also be the first private superyacht equipped with commercial-grade cultivation pods to grow vegetables, further adding to its eco credentials. As for the price tag? Damen is keeping it firmly under wraps...
Blue Marlin and Custom 78: Cost unknown
Admiral Yachts, owned by The Italian Sea Group, is delivering two sensational superyachts this year, according to Boat International : the 256-foot Custom 78 a nd 253-foot Blue Marlin (pictured).
Sleek and elegant, Blue Marlin's exterior and interior are both the handiwork of prestigious Dutch studio Sinot Yacht Architecture and Design.
The superyacht accommodates 12 guests in six staterooms and offers them a wealth of amenities, including a 19-foot swimming pool, a private spa, and a helipad. Its more sustainable credentials include a lower-emission diesel-electric propulsion system.
Precious little is known about Admiral's super-secretive Custom 78 project, as noted by Boat International .
It's known that the superyacht's exterior has been designed by Igor Lobanov, the Barcelona-based Russian nautical designer who's renowned for his futuristic, mega-streamlined creations. (An example of his work is shown here.)
Admiral has yet to disclose the price of either Custom 78 or Blue Marlin .
Project Toro: Cost unknown
Türkiye's Turquoise Yachts is getting ready to sign off the 259-foot Project Toro . It's actually running behind schedule and was supposed to be delivered last year.
With the exterior and interiors designed by British studio Harrison Eidsgaard – which is behind some of the world's most luxurious private jets, in addition to its portfolio of yachts – the end result will undoubtedly be a feast for the eyes.
Project Toro's neoclassical exterior is a real head-turner, while its interiors – which apparently include "a huge Neptune Lounge," to quote Super Yacht Times – have been described by the design team as "the definition of serenity and calm."
The fully customized beauty, which was sold in 2021 for an undisclosed sum, can comfortably fit 14 guests in its seven staterooms, as well as providing space for 21 crew members. Amenities onboard include a beauty salon, gym, and swimming pool.
Al Reem: Cost unknown
Formally known as Silence , Al Reem is getting its finishing touches at the Bilgin shipyard in Türkiye's capital, Istanbul.
Spanning 263 feet, the superyacht showcases Bilgin's signature style – think razor-sharp exterior lines and a super-slender profile – with naval architecture by Turkish studio Unique Yacht Design. It's the third unit of Bilgin's 263 Series and the most advanced of the trio.
Silent by name, silent by nature: the superyacht was sold to a mystery owner in 2022 and the selling price hasn't been revealed. But it won't have come cheap, that's for sure.
Dreamed up by London's H2 Yacht Design, the modern interiors of the boat whisper quiet luxury. The eight suites (including three VIP cabins) can collectively accommodate up to 12 guests, and there's space for 18 crew members. Al Reem's amenities are top-notch too, with the beach club, gym, and movie theater just some of the standout features.
Project Vento: Cost unknown
Just weeks after Project Toro was sold in 2021, Turquoise Yachts found a buyer for Project Vento . As is the case with Project Toro , the identity of the owner and the price tag have not been divulged.
At 285 feet long, Project Vento is the largest superyacht ever built by Turquoise, with the company teaming up with long-time collaborator London's H2 Yacht Design to work on the boat's esthetics. The result? A distinctive two-tone white and blue exterior with soft, flowing lines.
The interiors are just as eye-catching, with the superyacht boasting a wealth of features.
For the billionaire who has everything, there's a helipad that can also be used as an outdoor movie theater and basketball court. But the pièce de résistance has to be the incredible 21-foot glass-sided swimming pool on the lowest deck.
Project 1012: Cost unknown
With the venture cloaked in mystery, Feadship hasn't released any renders of Project 1012 and has yet to disclose information about the team behind it.
Based on images of the vessel undergoing trials in December 2022, Megayacht News has speculated that it could be traditional in design and may feature a beach club. However, these details won't be confirmed until the superyacht is delivered sometime this year – so watch this space...
Project 1012 is another Feadship superyacht that's slated for delivery in 2024.
The shipyard is being particularly secretive about the vessel, with details extremely sketchy. While we know that the superyacht is 300 feet long, further information about the vessel is next to non-existent.
Project JASSJ: Cost unknown
Spanning 338 feet, Project JASSJ is the third-largest of the show-stopping superyachts German shipbuilder Lürssen is delivering in 2024.
Sold in 2021 to an anonymous buyer for an undisclosed price, the superyacht features exterior and interior design by RWD Design. American firm Moran Yacht & Ship is overseeing the build.
Fantastically spacious, Project JASSJ can accommodate 22 guests in 11 staterooms.
Lürssen isn't holding back when it comes to amenities, promising an "industry-leading" beach club, as well as a swimming pool, deck Jacuzzi, top-end gym, and elevator, along with a state-of-the-art helipad and side-opening tender garage.
105 Explorer (NB-729): Cost unknown
Hot on the heels of delivering the 367-foot Renaissance (NB-724) , the largest ever yacht crafted in Spain (and shown here in all its glory), Freire's Galician shipyard is set to complete another whopper: 105 Explorer (NB-729) , which comes in at 344 feet.
Renaissance has been described by Burgess Yachts as a "temple of leisure" and "sanctum of tranquillity." But 105 Explorer (NB-729) is more about adventure than relaxation...
The superyacht may be kitted out with all the classic creature comforts but, as a roving expedition vessel, the emphasis is on performance rather than amenities.
Reflecting other high-end shipbuilders, Freire has chosen to keep the price of the superyacht a secret in the interest of client confidentiality.
Ace 21: Cost $150 million
Ace 21 is one of four show-stopping superyachts that Germany's Lürssen is delivering this year.
Extending over 256 feet end to end, the glamorous vessel spans five decks – the superyachts we've covered so far have just four – and has been designed to provide five-star relaxation in the world's most idyllic locations. It can accommodate up to 14 guests and a crew of 24.
Lürssen, which has taken care of the naval architecture, has reportedly designed the superyacht so it can cruise closer to shorelines and dock alongside paradise-style beaches and coves.
Ace 21 is all about relaxation – and its designated wellness zone, complete with an extensive spa, beach club, and deck Jacuzzi, combine to make it the perfect place to kick back, millionaire style.
SuperYachtFan reports the vessel was ordered by an unnamed individual who's said to be a prominent figure in the yachting world. The site pegs Ace 21 's price tag at $150 million and estimates annual running costs could stretch as high as $15 million.
Project 825: Cost $186 million
On the other hand, the asking price for Feadship's Project 825 has been revealed.
Due for delivery later in the year, the 249-foot superyacht is currently available for $186 million via Burgess Yachts.
Newly-built vessels of this size and caliber are usually custom orders, so it's rare for one to come on the market. The yacht is likely to be snapped up by a member of the super-rich elite who doesn't have the patience to wait years for a bespoke job .
The turnkey superyacht, which is getting its finishing touches at the Feadship Royal Van Lent shipyard in the Netherlands, has a slick two-tone exterior by Feadship's De Voogt Naval Architects. Its chic interiors are courtesy of Parisian design house Gilles & Boissier.
Project 825 has six staterooms with space for 12 guests, who'll have their every whim catered to by 17 crew members. Among its key selling points are an awesome glass-bottomed swimming pool and a private VIP terrace that boasts its own Jacuzzi.
There's also a sauna, deck gym, games room, and touch-and-go helipad, as well as an elevator.
Project 712: Cost $200 million+
Feadship is practically churning out superyachts at the moment, with multiple deliveries scheduled this year. Project 712 is among them.
The 272-foot vessel features an exterior design by Feadship's De Voogt Naval Architects. Unlike the aforementioned Project 825 , however, the interiors are the work of top Dutch firm Sinot Yacht Architecture & Design, not French studio Gilles & Boissier.
Because Feadship is selling Project 825 , the price has been revealed – but Project 712 's cost is being kept firmly under wraps. Given its larger dimensions, it's likely to be even more expensive than its sister vessel.
The superyacht has space for up to 10 guests across its five cabins, according to YachtCharterFleet, and comes equipped with a wealth of billionaire-worthy amenities, including a beach club, a gym, and a deck Jacuzzi.
Project 821: Cost $200 million+
The biggest Feadship superyacht launching this year – not to mention the largest the Dutch company has ever built – is Project 821 , which spans 390 feet.
Feadship is being as secretive about this superyacht as it is with Project 1012 , with very few details known about it.
The exterior design is characterized by soft lines, and there's a capacious beach club to the rear of the superyacht that leads down to a swimming platform... And that's all we know.
Both the buyer and the price of Project 821 are being kept hush-hush, though the superyacht is likely to have cost considerably more than the smaller Project 825 , which is on the market for $186 million.
Project Deep Blue: Cost $450 million
The second-biggest of Lürssen's four superyachts expected to launch this year, Project Deep Blue may not be delivered to its owner until 2025, according to several expert forecasts.
Details about the project are scant. Even the final length of the superyacht is uncertain, but it's believed to measure at least 427 feet.
No doubt the owner is delighted with the sophisticated exterior design, which bears similarities to Lürssen's Ahpo (now named Lady Jorgia).
SuperYachtFan reports Project Deep Blue is expected to accommodate 24 guests and a crew of 45. It estimates the vessel would cost a staggering $450 million, with punishing yearly running costs of $45 million. The website has vaguely identified the owner as an Indian or Chinese billionaire.
Project Luminance: Cost $500 million (£392m)
The biggest of Lürssen's four show-stopping superyachts hitting the water in 2024, Project Luminance spans a whopping 475 feet, making it almost as long as three Olympic-sized swimming pools.
The superyacht was originally slated for completion last year, but the delivery date has since been put back. A masterpiece of nautical design, Project Luminance wows thanks to its exterior by Monaco-based Espen Øino and equally elegant interiors by French studio Zuretti Interior Design.
Project Luminance is estimated to accommodate as many as 24 guests across 12 opulent staterooms. Amenities are fantastically lavish, with the vessel reportedly boasting two helipads and a massive swimming pool, which comes complete with an adjacent dip pool.
Reported to cost in excess of $500 million, Project Luminance was commissioned by Rinat Akhmetov, the richest person in Ukraine.
A report in The New York Times in 2022 suggested Akhmetov was considering selling the vessel in light of Russia's invasion of his home country. Still, it appears the billionaire might have decided to keep it for now. And who can blame him?
Somnio: Cost $600 million (£470m)
Putting this year's other launches firmly in the shade, Somnio spans a colossal 728 feet, making it the largest superyacht ever built.
The world's first "yacht-liner," this $600 million floating palace for the mega-rich is billed as "the most exclusive address in the world" and will cruise the planet's iconic yachting destinations, from Monaco to French Polynesia.
Somnio features 39 luxe private residences and a wealth of "six-star" amenities, including an enormous resort-style swimming pool, premium spa, opulent movie theater, gourmet restaurants, 10,000-bottle wine cellar, and a library.
Nearing completion at Norway's Vard shipyard, the six-deck nautical extravaganza is a collaboration between Somnio, Fincantieri, and Vard, while Tillberg Design of Sweden and the UK's Winch Design have looked after the interior design.
The potential occupants of the 39 apartments are being carefully hand-picked. On offer are units with two to four bedrooms, with the option to fully customize them with the likes of a gym, personal kitchen, library, and more.
Those lucky enough to get a Somnio invite can expect to pay from $22 million to secure a cabin in the elite vessel, with service charges likely to be sky-high too.
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- Grammy Tickets Available
A limited number of ticket packages to the 2024 Grammy Awards in Los Angeles are available. The event takes place February 4 and will be hosted by Trevor Noah. Contact Incredible Adventures for details.
Pricing varies according to seating level and ranges from $8000 to $50,000.
- Covert Ops in the Dark – December 9th
Train with Garret Machine is low-light and no-light conditions. It’s a Covert Ops Adventure in South Florida with a battle tested veteran of one of the Israel Defense Force’s elite counter terror units.
Space is limited. Email or call 800-644-7382 for details.
- Skydive Egypt – Tandem & Solo Jump Registration is Now Open
This year’s Skydive Egypt event is set for October 31 – November 5th. The event is timed for skydivers can “jump like a pharaoh” over the pyramids and then continue on to Nepal to Skydive Everest. (This year’s Everest Skydive Adventure is set for November 5th – 15th.)
The cost to Tandem Jump over the Great Giza Pyramids is $11,500 and includes two jumps from a military C-130, jump services, souvenir video, five-star hotel accommodations, ground transfers and some meals. For $12,500, the package can be split between two people, with each enjoying one skydive. Solo Jumper packages start at $2000.
Contact Incredible Adventures for complete jump requirements.
- Give Dad a Flight in a P-51 Mustang
Tom Cruise owns one and we know why. The P-51 Mustang is one of the coolest warbirds still flying. A flight in a Mustang is an incredible adventure.
Incredible Adventures is excited to now offer P-51 flights over California’s Wine Country . Flights take off from Sonoma Airport, just north of San Francisco. No pilot’s license is required.
A one-hour flight is currently $3084 with applicable fuel surcharge. Shorter flights can be arranged for a reduced price.
Sonoma is also home to a 1942 Stearman Biplane , a T-6 Texan and a P-40 Warhawk . A day in wine country flying warbirds is the ultimate gift for an aviation fan.
Contact Incredible Adventures to learn more.
- Schedule a Shark-Themed San Francisco Bay Cruise
Incredible Adventures now offers three-hour cruises around San Francisco Bay aboard the Derek M Baylis , the same incredible 65 foot powered sailboat that serves as a platform for our seasonal great white shark dives at San Francisco’s Farallon Islands.
You can only shark dive during the peak sighting months of October and November, but you can book a Bay Cruise other months and learn about the white sharks from our shark diving team. Each Bay Cruise is led by one of our white shark naturalists, who delivers the same educational presentation given to shark divers.
It’s a fun opportunity for your group of up to 28 to learn more about San Francisco’s Greater Farallones National Marine Sanctuary and its seasonal white shark population, while relaxing and enjoying San Francisco sights.
Contact Incredible Adventures at 800-644-7382 for more information.
Experience Hollywood Magic in Texas
You can now train with stunt professionals at a ranch outside Austin. Half-day, full-day and multi-day training sessions can be scheduled for individuals, families and corporate groups.
The training is real but the goal is extreme fun. Instruction can involve wire work, stage combat, ratchet work, zip lines, stunt driving, high-falls, pyrotechnics and more.
Add video to any training package and star in your own action movie. Pricing starts at $1295 for a private training session for one or two. Call 800-644-7382 for details and group pricing.
New Tank Driving Facility Opens in Orlando
Drive an FV-433 Abbot SPG in Orlando. Our new 14-acre facility is open five days a week. Drive hatch up or hatch closed. Navigate mud holes. Crush a car. A variety of option are available with pricing starting at $330 US with tax and fees. Call 800-644-7382 for more info.
Cruise the Almafi Coast with Celebrities for Charity
September 17-22, 2022
$65,000 per person (portion tax deductible)
Join some of the world’s best known celebrities aboard a Ritz Carlton Superyacht for a VIP experience unlike any other. The 624 ft yacht features 149 private suites, each with its own terrace. Enjoy fabulous tours, meals, music and more.
Among the celebrities scheduled to be aboard the five night cruise are Andrea Bocelli, David Foster, Reba McEntire, Kristin Chenoweth, Smokey Robinson, Bo Derek and John Corbett, Dennis Quaid, Martina McBride and Michael W. Smith.
Cruise the Amalfi Coast in style while helping three great charities. The celebrity adventure will raise money for The Andrea Bocelli Foundation, Barrow Neurological Foundation and Grace Sober Living. The ship will visit Rome, Corsica, Naples, Amalfi, Positano and Capri.
Itinerary Overview
Day 1: Arrive Rome. Travel to Civitavecchia where you will board the yacht and sail to Corsica.
Day 2: Spend time enjoying the private island of Cavallo, off the coast of Corsica. Soak in the sun and enjoy the sea before departing for Naples.
Day 3: A variety of VIP tours of Naples topped off by a black-tie dinner on the terrace of the Palace of Naples and an intimate concert peformance by Andrea Bocelli.
Day 4: Arrive in Amalfi and take an optional trip to Positano. The hightlight of the day is a spectacular evening concert.
Day 5: We’ll anchor off the Isle of Capri. Spend the day exploring this special place before we sail back to Rome.
Space is limited. Contact Incredible Adventures at 1-800-644-7382 for additional details.
Covert Ops – Mission Immokalee
Train with Garret Machine April 15, 2022 – It’s an Incredible Adventures in South Florida
Our next one-day Covert Ops Adventure is set for Friday, April 15th in South Florida. “Mission Immokalee” is an all-day training adventure with Garret Machine, a veteran of Israel’s Defense Force and the US Coast Guard’s Tactical Law Enforcement Team (TACLET).
The cost is $1650 per person and includes intense training, use of equipment, training ammo and lunch. Participants must be at least 18 and capable of passing a background check.
Our training facility is a former state prison located in the Florida Everglades, about two hours from Miami and an hour from Fort Myers.
For more info, call 800-644-7382.
Iceland Skydive Debuts in June
Join Incredible Adventures in Iceland June 19th – June 24th for an incredible tandem skydiving adventure in Iceland. No prior skydive experience is required. The adventure is based out of Iceland’s capital city Reykjavik and features jumps onto Iceland’s Black and Yellow beach and Langjokull Glacier.
The $9950 per person price includes two tandem jumps, all necessary training and equipment, souvenir jump video, hotel accommodations, guided tours and ground transfers. Non-jumping guests pay $2450.
For more details, visit IA’s sister website, skydivehigh.com , or call 800-644-7382.
Three Chances to Float Like a Cosmonaut
Experience zero-gravity in the same aircraft used to prepare Russian cosmonauts and American astronauts for space travel. Russia’s IL-76 MDK features significantly more floating space than other zero-g aircraft.
Flights are scheduled for April 14, April 28 and August 25th and limited to just 14 participants. Pricing varies according to exchange rate and package selections. A deluxe five day, four night program with luxury hotel accommodations, guide services, zero-g flight, Star City tour, adventure video and Moscow City tour is currently $12,500 US, plus round trip travel to Moscow.
Security clearance and medical certification is required to fly, so reservations must be made no less than 30 days in advance. For a custom price quote and other adventure details, call 800-644-7382.
See Brochure Describing Flight Portion of Adventure
Dive with Sharks in Bimini – Featured Trip: Sunday, April 17th, 2022
Join Incredible Adventures in Bimini on April 17th for an incredible day cage diving with sharks . The Bahamian island of Bimini is less than 60 miles from Ft Lauderdale, Florida and is easy to get to by plane, ferry or private boat.
No dive experience is required. The company uses a floating shark cage that makes cage diving a lot like snorkeling.
The cost to cage dive is $875 per person. Those who prefer to stay dry pay $375 to observe topside.
For more information, call 800-644-7382.
Experience Fighter Combat Near Phoenix
Learn the basics of air combat from a former fighter pilot. Fighter Combat Adventures are available on select Fridays near Phoenix, Arizona. No prior flight experience is required. Bring your own enemy or one will be provided for you.
Gift certificates are available. To fly, you must be at least 15 years of age and no larger than 6’6″ and 250 lbs.
For more info, contact Incredible Adventures at 800-644-7382.
San Francisco Sky Tours – Gift Certificates Available
Scenic flights over San Francisco Bay are now available through Incredible Adventures. A sky tour can be arranged before or after a San Francisco shark dive, or arranged as a stand-alone adventure.
Flights take off from Hayward Executive Airport and can accommodate two passengers. There is an option to turn any sightseeing flight into an introductory flight lesson, with time at the controls for one.
Pricing starts at $575 for up to one hour of flight time. For more information, contact Incredible Adventures at 800-644-7382.
See Nepal in 8 Days / 7 Nights
Our newest adventure in Nepal is an 8 day / 7 night tour of some of the country’s highlights. Highlights of the program include:
- Explore Kathmandu, the heart of Nepal. Tour Boudhanath, Pashupatinath & Patan.
- Go on safari in Chitwan National Park, home to tigers, one-horned rhinos and rare crocodiles.
- Visit the birthplace of Lord Buddha.
- See the snow-capped mountain peaks of Pokhara.
- Price includes 4-star accommodations and many meals
- English speaking guide & private car service
- Base price: $4250 for two, plus travel to Kathmandu, visa, insurance and gratuities
Deep-Sea Discovery Expedition Departing from New York – Contact IA for Upcoming Mission Dates
For $75,000, you and up to two friends can explore Hudson Canyon, looking for shipwrecks and documenting marine life. It’s an incredible scientific adventure led by our friends at OceanGate Expeditions.
Pricing includes round trip transportation between lower Manhattan and the dive site, all meals, and a private submersible dive.
**Note: Individual slots are sometimes available for $25,000.
- Must be at least 18 years of age at mission start time
- Must be able to board small boats in rough seas
- Must be able to adapt to changing conditions
- Must be in reasonably good health and able to climb ladders, lift 20 pounds and demonstrate basic balance.
Day 1: Embark upon your undersea adventure in the early evening from lower Manhattan. Once underway, you will join fellow crew members and research scientists for a formal mission safety and dive plan brief led by the Mission Director. Our mission oceanographic expert will present an overview of the many potential corals, sharks, whales and other sea life you may encounter and observe from the submersible.
Day 2: Awake at our dive mission destination and enjoy a light breakfast and then transfer to the submersible for your dive. During this completely untethered 3-5 hour dive you will be communicating with the surface, but free to explore and document the habitat. After your dive, there will be a post-dive debrief and dinner with the entire mission crew before you retire for the overnight motor back to New York City.
Day 3: Back in New York City with memories of new underwater discoveries.
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State of Grace
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STATE OF GRACE YACHT CHARTER
40m / 131'3 perini navi 2013 / 2023.
- Previous Yacht
Cabin Configuration
- 1 Convertible
Special Features:
- Spacious Spit-Level Lower Saloon
- Master Suite with Private Gym and Shiatsu Massage Bed
- Styled with Walnut, Light Maple and Pickled Oak Wood
- Features Stunning Paintings and Sculptures
Perini Navi’s skilled design ensures STATE OF GRACE offers the ultimate sailing experience without sacrificing any comfort.
The 40m/131'3" 'State of Grace' sail yacht built by the Italian shipyard Perini Navi is available for charter for up to 9 guests in 4 cabins. This yacht features interior styling by Italian designer Perini Navi.
Offering an enticing combination of luxury and adventure, State of Grace has all the bells and whistles and a wealth of convivial social spaces for the ultimate sun-kissed yacht charter getaway.
Guest Accommodation
Families will particularly love State of Grace thanks to her child-friendly setup. Built in 2013, She offers guest accommodation for up to 9 guests with a layout comprising a master suite, two double cabins and one twin cabin. The supremely spacious full beam master suite incorporates its own study. There are 6 beds in total, including 1 king, 2 queen, 2 singles, 1 pullman and 1 convertible. She is also capable of carrying up to 6 crew onboard to ensure a relaxed luxury yacht charter experience.
Onboard Comfort & Entertainment
On your charter, you'll find plenty to keep you busy and entertained including a gym with all the latest equipment to maintain your fitness routine.
State of Grace benefits from some excellent features to improve your charter including Wi-Fi connectivity, allowing you to stay connected at all times, should you wish. You can stay comfortable on board whatever the weather, with air conditioning during your charter.
Performance & Range
State of Grace is built with a aluminium hull and aluminium superstructure. Powered by 1 x Caterpillar engines, she comfortably cruises at 10 knots, reaches a maximum speed of 14 knots with a range of up to 3,000 nautical miles from her 14,400 litre fuel tanks at 7 knots.
Set against the backdrop of your chosen cruising ground, you and your guests can enjoy fun on the water with the collection of water toys and accessories aboard State of Grace. Principle among these are two waterskis that are hugely entertaining whether you are a beginner or a seasoned pro. Another excellent feature are SEABOBs providing agile cruising and diving. Additionally, there are two wakeboards so guests can show off at speed. If that isn't enough State of Grace also features kayaks, fishing equipment, inflatable water toys, paddleboards and snorkelling equipment. State of Grace also sports a 5.5m/18'1" Pascoe RIB to transport you with ease.
State of Grace is available upon request for charter this winter. She is already accepting bookings this summer for cruising in the Mediterranean.
Sail yacht State of Grace boasts an impressive array of outstanding amenities for truly out-of-this-world charter vacations that you’ll never forget.
TESTIMONIALS
There are currently no testimonials for State of Grace, please provide .
State of Grace Photos
Amenities & Entertainment
For your relaxation and entertainment State of Grace has the following facilities, for more details please speak to your yacht charter broker.
State of Grace is reported to be available to Charter with the following recreation facilities:
- 1 x 5.5m / 18'1 Pascoe RIB Yabmar 150 HP engine
For a full list of all available amenities & entertainment facilities, or price to hire additional equipment please contact your broker.
State of Grace Awards & Nominations
- The ShowBoats Design Awards 2014 Interior Design Award: Sailing Yachts Finalist
- The ShowBoats Design Awards 2014 Exterior Design & Styling Award: Sailing Yachts Finalist
- The ShowBoats Design Awards 2014 Naval Architecture Award: Sailing Yachts Finalist
- The ShowBoats Design Awards 2014 Holistic Design Award Finalist
- The World Superyacht Awards 2014 Best Sailing Yacht in 30m to 40m size range Finalist
- International Superyacht Society Awards 2014 Best Sail 40 M+ Finalist
- + shortlist
For a full list of all available amenities & entertainment facilities, or price to hire additional equipment please contact your broker.
'State of Grace' Charter Rates & Destinations
Summer Season
May - September
€110,000 p/week + expenses Approx $119,000
High Season
€125,000 p/week + expenses Approx $135,000
Cruising Regions
Mediterranean Croatia, France, Italy, Monaco, Montenegro
HOT SPOTS: Amalfi Coast, Corsica, French Riviera, Sardinia
Winter Season
October - April
Please enquire .
Charter State of Grace
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Markets: Robinhood's shiny, new credit card .
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Business: Inside Amazon's plan to save $1.3 billion by reducing office vacancies .
But first, how long is it going to be?
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The big story
Sam's sentencing.
Bitcoin is booming, but a piece of its darker past is back in the spotlight.
Sam Bankman-Fried, the ex-CEO of FTX and former face of crypto, will be sentenced in a Manhattan courtroom today.
Bankman-Fried, more commonly known as SBF, was found guilty of seven counts of fraud and conspiracy last November . Those charges could bring up to 110 years in prison, but SBF's sentence, which is expected to be announced by this afternoon, will likely be much shorter than that.
Prosecutors are pushing for 50 years, while SBF's attorneys are asking for 6 1/2. The decision will ultimately fall to US District Judge Lewis Kaplan, who also oversaw cases between writer E. Jean Carroll and former US President Donald Trump .
But Kaplan's decision comes with an interesting wrinkle , writes Business Insider's Jacob Shamsian. Customers who lost billions with the downfall of FTX might get all their money back.
An FTX debtor lawyer told the bankruptcy court that FTX customers and creditors "will eventually be paid in full."
But according to some, FTX customers getting their money back is despite SBF, not because of him.
John J. Ray III, who is leading FTX through bankruptcy court, wrote to the judge that SBF left the exchange "a metaphorical dumpster fire."
And while victims might recoup their money, it comes with a big catch. What's paid out is based on the value of assets when FTX declared bankruptcy in November 2022 instead of where things currently stand.
That's a tough pill to swallow, as bitcoin's price has increased by more than 300% since FTX's bankruptcy.
In the meantime, life after SBF seems to be just fine for crypto. The long-awaited bitcoin ETF approval came just a few months after Bankman-Fried was convicted. Not long after that, the cryptocurrency hit an all-time high. And a halving event is around the corner that could push prices even higher.
It's a shocking turnaround for an industry deemed all but dead a few years ago. Critics pointed to FTX and SBF's downfall as an example of how crypto was only full of bad actors. Now , those betting against the market are losing big , and bitcoin seems like it's here to stay .
3 things in markets
Robinhood's golden pitch on getting a credit card. The trading app unveiled its first credit card, which offers 3% cashback rewards . It also announced the first 5,000 users to refer 10 people to its monthly service plan will receive a solid-gold version of the credit card worth more than $1,000.
Commercial real estate's behind-the-scenes dealmaking to avoid a crisis. Borrowers and lenders are renegotiating debts to buy time ahead of a potential market rebound . The process often includes mortgages being trimmed or lengthened by the lender while borrowers agree to invest more into the building.
Tesla's 2024 will go from bad to worse, Bernstein says. The investment firm cut its price target for the EV maker to $120 a share , implying a 33% drop from current levels. Tesla is trading too expensive relative to its automaker peers and has minimal upside catalysts, a team of analysts led by Toni Sacconaghi wrote in a research note.
3 things in tech
The fight for AI talent is reaching a fever pitch. Big Tech is upping the ante for recruiting from the limited pool of AI workers with massive compensation packages . Companies' high-profile executives are even reportedly being used to hold onto talent .
Gen Z <3 ChatGPT. A new Pew survey shows 43% of Americans 18-29 say they've used the chatbot compared to 23% of all adults. And it's not just to mess around. Almost a third of young people reported using ChatGPT "for tasks at work."
Microsoft's Copilot is struggling to live up to the standards set by ChatGPT. Microsoft employees told BI that customers are complaining that the tech giant's AI tool isn't performing as well as OpenAI's model . "Every time a customer starts using it, they start comparing it to ChatGPT and saying, 'Aren't you guys using the same technology?'" one of the people said.
3 things in business
Amazon aims to save $1.3 billion by radically reducing office vacancies. The tech giant's office reduction is part of a larger cost-cutting strategy that includes shuttered projects and layoffs. But it's another blow to the commercial real estate market, which is already reeling from the remote-work boom.
Mark Zuckerberg seems like a terrifying boss. Newly unsealed documents from a lawsuit against Meta reveal that in an email Zuckerberg directed execs to track user analytics from competitors. While that alone is alarming, Business Insider's Katie Notopoulous explains why receiving that kind of message from your boss is bone-chilling.
How to fit in if you ever find yourself dining with a billionaire. The ultrawealthy follow a specific set of rules when attending events — for example, no ludicrously capacious bags . It's best to make sure your behavior goes "unnoticed" in such places, etiquette coach Jamila Musayeva told BI.
In other news
How the nuclear family fell apart .
I toured Google's new $2.1 billion office in NYC and it's like an all-inclusive wellness resort — see inside .
Read Amazon's internal guidance on why it won't give base pay increases to many senior employees this year .
My oral care product is TikTok Shop's best-selling item. Here's how I did it as a 56-year-old entrepreneur .
A new generative AI model could compete with rivals like OpenAI. Say hello to Databricks' DBRX.
Nvidia is about to face its first major threat as rivals target its special sauce .
What yachting industry insiders have to say about Jeff Bezos' superyacht .
The legal war between Disney and Florida is over .
What's happening today
Major League Baseball's opening day is today.
Former FTX CEO Sam Bankman-Fried will be sentenced.
The Insider Today team: Dan DeFrancesco , deputy editor and anchor, in New York. Hallam Bullock , editor, in London. George Glover , reporter, in London. Grace Lett , associate editor, in Chicago.
Watch: Why Sam Bankman-Fried is charged with perpetuating one of the biggest frauds in US history
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State Of Grace
State Of Grace is a custom sailing yacht launched in 2013 by Perini Navi in Istanbul, Turkey and most recently refitted in 2023.
Credited with a combination of technical brilliance and first class design, Perini Navi has always been in a class of its own. In 1982, unable to find a yacht suited to his personal concepts and ideas, Fabio Perini designed and built the first prototype of what would prove to be the most successful series of large sailing yachts in the world.
State Of Grace measures 39.40 feet in length, with a max draft of 9.10 feet and a beam of 9.13 feet. She has a gross tonnage of 254 tonnes.
State Of Grace has an aluminium hull with an aluminium superstructure.
Her exterior design, naval architecture and interior design is by Perini Navi.
Performance and Capabilities
State Of Grace has a fuel capacity of 14,400 litres, and a water capacity of 5,000 litres.
She also has a range of 3,000 nautical miles.
Accommodation
State Of Grace accommodates up to 9 guests in 4 cabins. She also houses room for up to 6 crew members.
Other Specifications
State Of Grace is MCA compliant, her hull NB is C.2180.
State Of Grace is an ABS: A1 Malta Cross Commercial Yachting Service, Malta Cross AMS class yacht. She flies the flag of Isle of Man.
- Yacht Builder Perini Navi View profile
- Exterior Designer Perini Navi View profile
- Interior Designer Perini Navi View profile
Yacht Specs
Other perini navi yachts, related news.
IMAGES
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The Grace Yacht, originally named Kibo, is an epitome of luxury maritime travel.This 81-meter superyacht is a product of Abeking and Rasmussen, a well-reputed shipyard known for its precision in yacht-building.Initially, the yacht was delivered to its original owner, Alexander Mamut, in 2014.However, it changed hands in 2018 and was christened as 'Grace'.
Grace is a custom motor yacht launched in 2014 by Abeking & Rasmussen in Lemwerder, Germany. Abeking & Rasmussen (A&R) is an esteemed German shipyard with a global reputation for highest quality custom made motor yachts from 45 to 125 metres. Design. Grace measures 82.00 feet in length and has a beam of 12.60 feet.
GRACE yacht, formerly known as Kibo, is a 266-foot superyacht built back in 2014 by Abeking & Rassmussen. Her annual running cost is approximately US $10-14 million. Grace yacht is currently one of the 58 motor yachts to be included in the 80-90 meter-sized yachts. She now ranks 126th in the world as one of the largest yachts ever created. Name:
GRACE is a 52m luxury motor super yacht available for charter built in 2009, refitted in 2021. Charter up to 12 guests in 6 cabins (2 Master, 4 Double & 2 Twin) with a crew of 14. ... The 52.3m/171'7" 'Grace' motor yacht built by the Dutch shipyard Amels is available for charter for up to 12 guests in 6 cabins. This yacht features interior ...
Special Features: The award winning 81.2m/266'5" motor yacht 'Grace' (ex. Kibo) was built by Abeking & Rasmussen in Germany at their Lemwerder shipyard. Her interior is styled by English designer design house Terence Disdale and she was delivered to her owner in June 2014. This luxury vessel's exterior design is the work of Terence Disdale.
There are few superyachts with a history as alluring as that of the 44m/145ft classic yacht GRACE. After all, this is the yacht on which movie star Grace Kelly and her husband Prince Rainier honeymooned on in 1956. But, there is a lot more to her fairy-tale past than this, and her story continues as she welcomes aboard guests for luxury yacht charters in the far-flung Galapagos Islands.
Grace is a luxury motor yacht built in 2013 by Aegean Yacht. Click for more information about this superyacht, including specifications, images, video and …
Click to view the full table of specifications for Grace superyacht, including accommodation, performance, equipment and amenities.
The super-yacht Grace is currently docked at Queens Quay. Photo via Boat International. Spanning 81 metres long, Grace, as it's called, has been making its rounds around the Great Lakes. Custom ...
Grace is a motor yacht with an overall length of m. The yacht's builder is Amels from The Netherlands, who launched Grace in 2009. The superyacht has a beam of m, a draught of m and a volume of . GT.. Grace features exterior design by Tim Heywood Design Ltd. and interior design by Nuvolari Lenard. Up to 12 guests can be accommodated on board the superyacht, Grace, and she also has ...
The Italian shipyard has been designing, building and marketing luxury open-style motor yachts ever since. Grace measures 33.23 metres in length, with a max draft of 1.83 feet and a beam of 6.7 feet. She has a gross tonnage of 178 tonnes. Grace has a top speed of 42.00 knots and a cruising speed of 37.00 knots.
Rep. Vern Buchanan (R-Fla.) buys a yacht and on the same day votes to cut taxes on yachts. 2018: Rupert Murdoch is airlifted to UCLA after collapsing on a yacht trip with his fourth wife, Jerry Hall.
GRACE is a 30m luxury motor super yacht available for charter built in 2001, refitted in 2019. Charter up to 12 guests in 5 cabins (1 Master, 1 VIP, 2 Double & 2 Twin) with a crew of 5. ... Built in 2001, Grace is the ideal luxury yacht for kicking back and relaxing whilst on charter, showcasing clever use of space with an artful combination of ...
Expensive Mega-Toys The unique uses of a superyacht are driven by the size and crew demands that separate it from a regular yacht. A superyacht is considered to be a pleasure vessel larger than ...
Admiral Yachts, owned by The Italian Sea Group, is delivering two sensational superyachts this year, according to Boat International: the 256-foot Custom 78 and 253-foot Blue Marlin (pictured).
Russia has been subject to major terrorist attacks starting from a series of explosions that hit Moscow apartment blocks in 1999, followed by the Moscow theater hostage crisis in 2002 and the Beslan school siege in 2004. There have been at least a half-dozen attacks in or near Moscow by Muslim terrorists, most of them Chechen militants, over the past 25 years.
Posted on June 24, 2022 by Incredible Adventures. September 17-22, 2022. $65,000 per person (portion tax deductible) Join some of the world's best known celebrities aboard a Ritz Carlton Superyacht for a VIP experience unlike any other. The 624 ft yacht features 149 private suites, each with its own terrace.
Grace is a luxury motor yacht built in 2004 by Scheepswerf Peter Sijperda. Click for more information about this superyacht, including specifications, imag…
1: Off-kilter genius at Delicatessen: Brain pâté with kefir butter and young radishes served mezze-style, and the caviar and tartare pizza. Head for Food City. You might think that calling Food City (Фуд Сити), an agriculture depot on the outskirts of Moscow, a "city" would be some kind of hyperbole. It is not.
Winter. Approx $119,500. STATE OF GRACE is a 40m luxury sail super yacht available for charter built in 2013, refitted in 2023. Charter up to 9 guests in 4 cabins (1 Master, 3 Double, 1 Twin & 1 Convertable) with a crew of 6.
Grace Lett, associate editor, in Chicago. Watch: Newsletters Newsletter. Advertisement. Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. ...
Luxury motor yacht Grace E was built in 2004 by Italian shipyard Codecasa and represents a stylish and classic charter yacht. With a steel hull and aluminium superstructure, she features exterior design by Codecasa and the interior work of Anna & Frank Dellarolle. This well-balanced superyacht measures 49.9 metres and can accommodate up to 12 ...
01:00 - Source: CNN. CNN —. Russia has been left reeling in the wake of the nation's worst terrorist attack in decades. Nearly a dozen people have been detained in connection with the attack ...
Length 39.4m. Year2013. State Of Grace. 2013. |. Sail Yacht. State Of Grace is a custom sailing yacht launched in 2013 by Perini Navi in Istanbul, Turkey and most recently refitted in 2023. Credited with a combination of technical brilliance and first class design, Perini Navi has always been in a class of its own.