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Boat of the Week: Inside ‘Galactica,’ the World’s Largest All-Aluminum Superyacht

Heesen's behemoth has a high-tech "backbone" running its length to provide enough rigidity for the boat to reach a blistering 30 knots., julia zaltzman, julia zaltzman's most recent stories.

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What has an aluminum-plate backbone, more than one head, and runs faster than Usain Bolt? Heesen ’s superyacht Galactica— or “Project Cosmos,” as it was formerly called by the yard. The largest boat built by the Dutch shipyard to date is getting ready for its spring debutante ball. Fast, sporty and 262 feet long, the owner refers to Galactica as his “ultimate superyacht.”

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Hundreds of yachts around the world are larger than Galactica . None of them are built entirely out of aluminum. For the owner who likes to make a statement with his custom new builds, Galactica had to be his largest and fastest one yet. The owner decided he wanted a 30-knot top speed—greased lightning for a yacht this size and a conundrum for the shipyard.

A 262-ft. steel-hulled boat with conventional propulsion wouldn’t be able to reach that 30-knot mark. But an all-aluminum boat might, though that metal doesn’t provide the type of structural support that heavier steel does. Such a yacht had never been built, even by an aluminum specialist like Heesen. It would take serious creative engineering.

Galactica on her maiden journey through small Dutch villages.  Courtesy Galactica

The owner has history when it comes to these types of requests. His previous two yachts, Galactica Star and Galactica Super Nova are both all-aluminum with top speeds nearing 30 knots. At 230 feet in length, the latter was Heesen’s largest-ever build when delivered in 2016. Galactica is 30 feet longer, and while that doesn’t sound like much in the scheme of things, the technical ingenuity required to make it work had Heesen’s top engineers scratching their heads. The answer lay outside the boating industry, in the construction industry’s I-beam.

“Everyone knows the I-beam where you have the material on the outer veins of your structure,” Peter van der Zanden, Heesen’s general manager of design, development and engineering, told Robb Report . “That’s where our inspiration for the backbone came from, where we have the majority of materials in the bottom of the boat and on the main deck—our ‘outer veins’.”

The name “backbone” suggests a spine or something with flex, but the patented box-shaped structure is anything but. Composed of 15-mm aluminum plate, it’s lightweight and strong, running almost the full length of the yacht.

Glass was a main priority for the owner’s third boat in the Galactica series.  Courtesy Heesen

“We knew the design would work, our only concern was if it would work well enough,” says Van der Zanden.

Heesen created a scale model of the boat in water, divided into four segments, and simulated the pressures and forces at sea. When the results exceeded the requirements set out by Lloyd’s, the yard patented the design.

Of course, there’s more to Galactica than its hidden backbone. Key defining features of the Winch Design exterior include large sweeping panes of glass that trace the arching line of the superstructure. A bow helipad doubles as a cinema with seating and a screen that folds away into the deck. The glass-bottomed pool on the main deck reflects sun rays on the beach club below. Increasing the amount of light—both natural and artificial—throughout the boat was a chief request in this latest version of Galactica.

On its journey from the Oss shipyard to North Sea sea trials, the clearance between the top deck and some bridges was less than six inches.  Courtesy Heesen

“The owner’s previous experience has certainly influenced the way Galactica looks,” James Russell, exterior designer at Winch, told Robb Report . “It takes time to learn what you love, and particular focus has been paid to areas where more time will be spent, such as the beach club.”

Inside, an interior by Sinot Yacht Design & Architecture includes a central glass elevator, brushed oak and marble finishes, and in the main deck lounge, hand-cut glass ceilings. Galactica ’s windows incline at 45 degrees, rather than the standard 90 degrees, to give the illusion that the panes of glass are larger than they are.

Glass is a recurring theme, from the glass detailing in the straw marquetry and stainless-steel wall located in the main deck lounge, to the drinks display cabinet on the bridge deck with bespoke-sized backlit glass cubes sized to fit individual bottles. But glass is heavy. For the yacht to be fast, it needs to be light.

The helipad converts into an open-air cinema, with a screen that rises from the deck.  Courtesy Heesen

On a yacht of Galactica ’s size, everything is large, from the four MTU V20 engines (12 tons each) and the two gearboxes (13 tons each), to the air-intakes and the fuel tanks. But everything was made as lightweight as possible. The boat totals only 1,700 gross tons. The owner’s 30 knots will come from the MTUs’ 19,320 horsepower as well as the variable-pitch propellers.

Nothing has come easy with this yacht build. Its January journey from Heesen’s shipyard in Oss to the port of Harlingen where the boat is undergoing final testing in the North Sea was a game of inches. It passed through villages and squeezed beneath canal bridges with less than half a foot to spare, a hair-raising exercise for an undelivered superyacht. It will be turned over to its owner in April.

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Galactica Super Nova - 2016

At 70 metres overall, Galactica Super Nova is the largest Heesen built to date. With an impressive top speed of 30 knots, this aluminium yacht with a Fast Displacement Hull Form is one of the fastest superyachts in her class in the world.

First impressions

Galactica Super Nova’s head-turning exterior design is by Espen Øino, who worked on a pre-established technical platform provided by Heesen. Her profile embodies Heesen’s DNA, but also introduces new design elements that make her one of the brightest stars in the Heesen galaxy.

Step aboard

Galactica Super Nova’s classic-contemporary interior is a paragon of elegance and comfort. The designer Sander Sinot worked closely with the owners to create a design that perfectly suits their lifestyle and taste.

Specifications

Hull type: FDHF

Exterior design: Espen Øino International

Interior design: Sinot Yacht Design

Hull: Aluminium

Length over all: 70.07 metres / 229 feet 8 inches

Beam over all: 11.90 metres / 39 feet

Draft (half load): 3.25 metres / 10 feet 6 inches

Tonnage: approx. 1,200 GT

Accommodations

Cabins: Full-beam owner’s stateroom, one VIP suite and four double suites

Technical Details

Maximum speed (half load): 30 knots

Range: 4,000Nm at 12 knots

Fuel capacity: 89,000 litres / 23,511 US Gallons

Fresh water: 25,000 litres / 6,604 US Gallons

Propulsion Details

Main engines: 2 x MTU 20V 4000 M93L Fixed Propeller + 1 x MTU 16V 4000 M93L Booster Jet

Maximum power: 2 x 4,300kW + 1 x 3,440kW

Main generators: 2 x Kilo-Pak, each 240kW

Bowthruster: ZF-Marine 165kW, electrically driven

Stabilisers: Quantum extendable, 2 fins, zero speed

General arrangement

Wheelhouse deck

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Russian Billionaire’s Superyacht Mysteriously Vanishes

The Galactica Super Nova yacht owned by Lukoil CEO Vagit Alekperov seems to have turned off its tracking system, which would violate international maritime regulations.

Noah Kirsch

Wealth and Power Reporter

Photo Illustration by Thomas Levinson/The Daily Beast/Getty

It’s a 230-foot superyacht with room for 28 guests and crew—and yet, in the last week, it has seemingly vanished, just as other vessels belonging to Russian billionaires have been frozen or seized.

The Galactica Super Nova, owned by Lukoil CEO Vagit Alekperov, sailed in recent weeks from Barcelona to Tivat, Montenegro, arriving on March 1. But just a day later, the boat departed, according to data from the ship-tracking company MarineTraffic.

An official at the port in Montenegro confirmed that the yacht was no longer there.

Soon after it left, Galactica’s automatic tracking system, also known as AIS, stopped pinging out signals, reports MarineTraffic and its competitors VesselFinder and VesselsValue. As of Wednesday afternoon Central European Time, the boat had yet to update its location.

It is legally required for all yachts of Galactica’s size to have their AIS turned on “at all times,” said Sam Tucker, head of superyachts at VesselsValue. “For the past 12 months, we have had a very reliable signal coming from this vessel, so after seeing it [leave] Porto Montenegro, we are very surprised that there has been no signal received from either our satellites or ground stations.”

Alexey Nikolsky/AFP via Getty

Duncan Bateson, a marine lawyer based in London, said it was likely that “if captains of Russian-linked boats are turning off their AIS tracker, then it's because they're trying to evade being tracked.”

Lukoil did not respond to requests for comment.

The timing of the disappearance has certainly raised eyebrows. Since Russia’s invasion of Ukraine, a number of megayachts linked to oligarchs have been frozen or seized by international authorities, including one tied to Putin confidant Igor Sechin, and the Lady M and Lena yachts, which were docked in the Italian Riviera.

“We’ve never seen anything like it,” Bateson said of the crackdown.

Some Russian megayachts have quickly relocated to the Indian Ocean, ostensibly to avoid being nabbed.

According to Tucker, Russian nationals own about 10 percent of all yachts longer than 79 feet, and the financial ramifications of the sanctions are not yet clear. Entire industries, from insurance firms to boat outfitters to fuel suppliers, rely on the vessels for business.

The yacht issue notwithstanding, Alekperov’s financial position is already shaky. His net worth has plummeted $17.6 billion so far this year, to $5.2 billion, according to Bloomberg estimates .

Much of his wealth is tied to Lukoil, the energy firm that he helped start as a state-owned enterprise in 1991. He served as the Soviet Union’s first deputy minister of the oil and gas Industry.

Neither Alekperov nor Lukoil have been sanctioned so far this year by Western governments, though the United States has banned Russian oil imports and some consumers have begun boycotting Lukoil gas stations (a move that could hurt American franchisees). The U.S. did place Lukoil on a sanctions list in 2014, citing “continued Russian efforts to destabilize eastern Ukraine.”

Alekperov, 71, reportedly convened with other top Russian business people to meet with President Vladimir Putin at the Kremlin last month.

Perhaps in an effort to distance itself from the current invasion, Lukoil published a statement on March 3 calling for the “soonest termination of the armed conflict” and pushing for a “ceasefire and a settlement of problems through serious negotiations and diplomacy.” It stopped short of labeling the conflict a “war” or an “invasion,” however—no surprise given the Russian government’s highly restrictive new censorship laws, which went into effect around the same time.

As the violence in Ukraine persists, so too does the mystery of Alekperov’s boat. Experts say there are some instances when a captain might turn off a yacht’s tracking device, such as when steering through pirate-infested waters, though that wouldn’t currently apply to Galactica.

Tucker noted that “rare events” like atmospheric disruptions, system failures, lightning strikes, or cyber attacks, could also theoretically cause the AIS to stop working.

Wherever the vessel is, Alekperov is apparently willing to part with it for the right price. The yacht—which features a removable film screen, glass elevator, and 20-foot infinity pool with a waterfall feature—is listed for sale for 75 million euros, or $83 million. According to VesselsValue estimates, its actual value is closer to $69 million.

The boat will be hard to offload whenever it does turn up. Said Tucker: “Everyone is now so scared of touching any money that’s associated with Russia.”

Got a tip? Send it to The Daily Beast  here .

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70m GALACTICA SUPER NOVA Superyacht – Largest Heesen To Date – Delivered

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Written by Eva Belanyiova

The largest yacht ever built by the renowned shipyard Heesen Yachts  , the 70M GALACTICA SUPER NOVA has been delivered to her owner following extensive sea trials in the North Sea. The all-aluminium Fast Displacement superyacht GALACTICA SUPER NOVA was sold in 2013 and created in collaboration between Heesen’s in-house specialists and the well-known Van Oossanen Naval Architects , who draw up her innovative hull form.

GALACTICA SUPER NOVA on sea trials – Photo by Dick Holthuis

A rigorous and in-depth pre-design phase developed over more than 35 years of yacht construction expertise is a result of a very efficient building process that has seen the yacht built and delivered in just 41 months.

The sea trials spread over four days at the end of April and start of May on the North Sea, beginning with the moderate weather conditions with waves of 1,5m that got better over time and resulted in calmer conditions with waves of 0,5 metres and beautiful, clear skies.

GLACTICA SUPER NOVA YACHT – Photo by Dick Holthuis

Thanks to her high-performance Fast Displacement Hull Form (FDHF), together with a state-of-the-art propulsion system, GALACTICA SUPER NOVA went over her contractual maximum speed by 0,3 knots, reaching a top speed of 30,3 knots. In addition, she has demonstrated that she is a very quiet and highly manoeuvrable vessel in all sea conditions.

The luxury superyacht is fitted with two MTU wing engines with fixed pitch propellers and a third central engine with Rolls-Royce booster water jet. This is the first time that this type of configuration has been chosen for a superyacht, providing an impressive acceleration from 0 to 30 knots in just 75 seconds. As a result, GALACTICA SUPER NOVA is not only amongst the top 200 largest yachts in the world but also one of the fastest!

GLACTICA SUPER NOVA – Photo by Dick Holthuis

Boasting not only exceptional speed, performance, and superb engineering, GALACTICA SUPER NOVA has also striking exterior design by the famed naval architect Espen Oeino , who developed the design based on the pre-established technical platform provided by Heesen. The designer created a profile that showcases Heesen’s true DNA, yet introduces new design elements that make this yacht one the of brightest stars in the Heesen galaxy to date.

Sea trials of GALACTICA SUPER NOVA – Photo by Dick Holthuis

The yacht will see her premiere at the Monaco Yacht Show this coming September, following a busy season in the Mediterranean . Visitors and professionals will have the opportunity to also admire her stunning interiors that Sinot Exclusive Yacht Design has created for her.

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Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "70m GALACTICA SUPER NOVA Superyacht - Largest Heesen To Date - Delivered".

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The owners of superyachts built in the Netherlands revealed

by Mariska Buitendijk | Dec 24, 2020 | News | 0 comments

Supery achts get ever bigger and more luxurious and thus, ever more expensive. But who buys them? Pointer, the research platform of Dutch broadcasting network KRO-NCRV, reveals some of the owners of Dutch built yachts. Buyers losing their anonymity include billionaires Dmitry Rybolovlev, Khalifa bin Hamad Al Thani, and Bernard Arnault.

In the Netherlands, the four major super yacht builders are: Feadship, Heesen, Damen Yachting (formerly Amels) and Oceanco. Orders in this sector remained almost constant over the years, but its turnover increased from a little over 500 million euros in 2006 to 1.5 billion euros in 2018. This points to the trend of ever larger and more luxurious superyachts.

Although a super yacht stands out in the average port, it seems almost impossible to find out who owns it. This is due to the fact that super yachts are generally purchased by companies and not under a billionaire’s own name. Pointer decided to lift a piece of the veil and compiled a list of owners. Some of the highlights of this list are presented below.

110-metre Anna

The 4693-GT Anna was built by Feadship and sails under the flag of the Cayman Islands. It is currently the largest yacht built by Feadship and was delivered in 2018. Its buyer is Dmitry Rybolovlev from Russia, who made his money in fertilisers.

110-metre Jubilee

Picture by Kees Torn .

Built in 2017 by Oceanco, it is both the largest yacht built at this shipyard and the largest yacht built in the Netherlands. The 4500-GT yacht takes the title as it is just a little bit longer than the Anna (361 ft versus 360 ft). It sails under the flag of the Cayman Islands and was built for Khalifa bin Hamad Al Thani, a former ruler of Qatar.

106.7-metre Black Pearl

The 2864-GT Black Pearl is the world’s largest Dynarig sailing yacht and was delivered by Oceanco in 2018. It can hit a speed of up to 30 knots under sail. Pointer cannot state with absolute certainty that Oleg Burlakov from Russia (active in cement, oil and banking) is the owner, but deems it very likely. It sails under the flag of the Cayman Islands.

101.5-metre Symphony

In 2015, the 3000-GT Symphony was the first Feadship to cross the 100-metre mark and was the largest yacht built in The Netherlands at that time. It sails under the flag of the Cayman Islands and its likely owner is Bernard Arnault from France. He owns brands such as Louis Vuitton, Moët, Hennessey, and Dior.

The 102-metre Symphony is the largest yacht built at Kaag Island (picture by  Frans Berkelaar ).

83-metre Here Comes The Sun

The Damen built yacht Here Comes The Sun was delivered in 2017. The 2827-GT yacht was ordered by Alexander Dzhaparidze, active in Russia’s oil industry, and sails under the flag of the Cayman Islands.

77-metre La Datcha

The La Datcha is a 2560-GT luxury expedition yacht and the second yacht from the Damen Yachting SeaXplorer range. It was delivered in 2020. Its owner is Oleg Tinkov, a Russian oligarch, who earned his money in the entertainment and food industry.

Picture by Damen.

70-metre Galactica Super Nova

The Heesen built 1200-GT Galactica Super Nova was delivered in 2016. It sails under the flag of the Cayman Islands. Its likely buyer is Vagit Alekperov an Azerbaijani and Russian businessman and the president of the leading Russian oil company Lukoil. Alekperov is also the owner of Heesen.

109-metre Bravo Eugenia

Although not revealed by Pointer, the 3418-GT Bravo Eugena was bought by Jerry Jones, owner of the American football team Dallas Cowboys. The yacht, named after his wife Genie, cost him 250 million US dollars (almost 225 million euros). This was reported by Mansion Global, which writes about the global real estate market, was able to pinpoint the yacht’s owner by tracking a license for the ship’s radio equipment from the Federal Communications Commission.

Picture by Oceanco.

Also read: Superyacht Bravo Eugenia cost almost 225 million euros

More superyacht owners have been revealed by Pointer here .

Picture (top): The Black Pearl (by Tom van Oossanen, published in SWZ|Maritime’s September 2019 issue).

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Galactica Super Nova

Motor Yacht

Galactica Super Nova is a custom motor yacht launched in 2016 by Heesen Yachts, in the Netherlands.

From day one, Heesen has pursued a consistent mission: to create yachts with exceptional standards of engineering and meticulous attention to detail.

Galactica Super Nova measures 70.07 metres in length, with a max draft of 3.3 feet and a beam of 11.90 feet. She has a gross tonnage of 1,200 tonnes.

Galactica Super Nova has an aluminium hull with an aluminium superstructure.

For over twenty-five years Espen Oeino International has been hard at work designing custom motor yachts for an international clientele from Japan in the East to Seattle in the West.

Her interior design is by Sinot Yacht Design.

Galactica Super Nova also features naval architecture by Heesen Yachts and Van Oossanen Naval Architects.

Performance and Capabilities

Galactica Super Nova has a top speed of 30.00 knots and a cruising speed of 12.00 knots. She is powered by a twin screw propulsion system.

Galactica Super Nova has a fuel capacity of 90,000 litres, and a water capacity of 25,000 litres.

She also has a range of 4,000 nautical miles.

Accommodation

Galactica Super Nova accommodates up to 14 guests in 7 cabins. She also houses room for up to 16 crew members.

Other Specifications

Galactica Super Nova has a hull NB of 17470.

Galactica Super Nova flies the flag of the Cayman Islands.

She is also fitted with a helicopter landing pad.

• Yacht Builder Heesen Yachts No profile available
• Exterior Designer Espen Oeino View profile

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GALACTICA SUPER NOVA Yacht – Divine $80M Superyacht

The award-winning GALACTICA SUPER NOVA yacht was built by the Dutch shipyard Heesen Yachts .

They specialize in custom-built superyachts and are considered one of the world leaders in the design, construction, and engineering of all-aluminum yachts.

Among the awards she received were The ShowBoats Design Awards 2017, The World Superyacht Awards 2017, Monaco Yacht Show Awards 2016, Monaco Yacht Show Awards 2016, and the World Yachts Trophies 2016.

The GALACTICA SUPER NOVA is ranked as the 282nd largest yacht in the world and is considered Heesen shipyard’s second-largest yacht ever constructed.

GALACTICA SUPER NOVA Yacht interior

GALACTICA SUPER NOVA’s interior design is penned by Sinot Yacht Architecture & Design , which prides itself on exclusive interiors designed to the highest standards and customized according to the wishes of our clients.

Her elegant and comfortable interior is a blend of modern and traditional design elements.

The architect Sander Sinot collaborated closely with the property’s owners to develop a layout that is aesthetically pleasing and perfectly reflects the owners’ way of life.

GALACTICA SUPER NOVA Yacht exterior

Espen Oeino is responsible for the jaw-dropping exterior design of the Galactica Super Nova. 

He worked on a previously established technology platform that was supplied by Heesen .

Her appearance embodies Heesen’s DNA while also introducing new design elements, which elevates her to the status of one of the most prominent figures in the Heesen galaxy.

Her profile is sleek and aggressive with a curved support arch and a unified aesthetic from top to bottom, inside and out.

GALACTICA SUPER NOVA Yacht accommodation

Seven suites, including one VIP cabin and two cabins that can be configured as either twins or doubles, have been included in the layout to provide comfortable lodging for a maximum of fourteen passengers. 

The incredibly roomy master suite with full beams comes with a dressing room that has plenty of space for storage and benefits from having a bathroom for both the master and the guest.

In addition, she has the capacity to accommodate up to sixteen crew members, which makes for a much more relaxing luxury yacht experience.

Her features include a beauty salon, guest elevator, underwater lights, beach club, and air conditioning.

GALACTICA SUPER NOVA specifications

She is built with an aluminum hull and aluminum superstructure, with teak decks.

She is able to comfortably cruise at 25 knots and can reach a maximum speed of 30 knots with an impressive range of up to 4,000 nautical miles from her 91,240-liter fuel tanks. 

She is powered by diesel MTU (16V 4000M 93L) 16-cylinder 4,613hp engines running at 2100rpm. Her at-anchor stabilizers provide an unparalleled level of comfort for her guests to enjoy.

Additionally, she can carry up to 33,000 liters of fresh water in her water tanks. 

She was constructed in accordance with the guidelines established by the American Bureau of Shipping (ABS), Commercial Yachting Service (CYS), AMS, and ABCU classification societies.

GALACTICA SUPER NOVA Price

This beautiful and magnificent yacht costs  $80 million and has yearly operating costs that range anywhere from $5 million to $8 million.

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Galactica Super Nova

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This Yacht is not for Charter*

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GAJA yacht NOT for charter*

70m  /  229'8 | heesen | 2016.

Owner & Guests

Cabin Configuration

• 2 Double/Twin
• Previous Yacht

Special Features:

• Elevator for easy access between floors
• Full-beam master cabin with dressing room and his/her en suite
• Impressive 4,000nm range
• Multi-award winning
• Generous pool

The multi-award winning 70m/229'8" motor yacht 'Gaja' (ex. Galactica Super Nova) was built by Heesen in the Netherlands. Her interior is styled by Dutch designer design house Sinot Yacht Design and she was delivered to her owner in May 2016. This luxury vessel's exterior design is the work of Espen Oeino.

Guest Accommodation

Gaja has been designed to comfortably accommodate up to 14 guests in 7 suites comprising one VIP cabin and two cabins that can operate as twins or doubles. The supremely spacious full beam master suite features extensive storage space provided by the dressing room benefits from a his and her bathroom. She is also capable of carrying up to 16 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include beauty salon, elevator, underwater lights, beach club and air conditioning.

Range & Performance

Gaja is built with a aluminium hull and aluminium superstructure, with teak decks. Powered by 1 x diesel MTU (16V 4000M 93L) 16-cylinder 4,613hp engines running at 2100rpm, she comfortably cruises at 25 knots, reaches a maximum speed of 30 knots with a range of up to 4,000 nautical miles from her 91,240 litre fuel tanks at 12 knots. Gaja features at-anchor stabilizers providing exceptional comfort levels. Her water tanks store around 33,000 Litres of fresh water. She was built to ABS (American Bureau of Shipping) ✠ A1, Commercial Yachting Service, E, ✠ AMS, ✠ ABCU classification society rules.

*Charter Gaja Motor Yacht

Motor yacht Gaja 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.

Gaja 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.

Gaja Photos

Gaja Awards & Nominations

• The ShowBoats Design Awards 2017 Best Exterior Design & Styling – Motor Yacht Above 48m Finalist
• The ShowBoats Design Awards 2017 Best Interior Layout & Design – Motor Yacht Above 500GT Finalist
• The ShowBoats Design Awards 2017 Best Naval Architecture – Displacement Motor Yacht Winner
• The ShowBoats Design Awards 2017 Most Innovative Motor Yacht Finalist
• The ShowBoats Design Awards 2017 Best Lighting Design Finalist
• The World Superyacht Awards 2017 Semi-Displacement or Planing Motor Yachts - 50m and above Winner
• International Superyacht Society Awards 2017 Best Power 65m+ Nomination
• Monaco Yacht Show Awards 2016 The Exterior Design Award Winner
• Monaco Yacht Show Awards 2016 The Finest New Yacht of the MYS Winner
• World Yachts Trophies 2016 Best Exterior Design Winner
• Asia Boating Award 2017 Best Custom Built Yacht Finalist
• Asia Boating Award 2017 Best Yacht Design Finalist

NOTE to U.S. Customs & Border Protection

Specification

M/Y Gaja

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West hits Russian oligarchs where it hurts — their mega-yachts

By Megan Cerullo

March 7, 2022 / 1:55 PM EST / MoneyWatch

The U.S. and European Union are cracking down on sanctions against Russian billionaires by taking control of their mega yachts and other valuable assets, including villas and private jets, parked in territory over which their governments have jurisdiction. 

Italy on Friday said it seized a $70 million yacht moored in Liguria, Italy, belonging to Alexey Alexandrovits Mordaschov, a steel magnate with close ties to the Kremlin. 

"Italy's police has just seized 'Lady M Yacht' - a €65 million yacht belonging to Alexey Alexandrovits Mordaschov located in Imperia (Liguria) - in compliance with the recent EU sanctions," Ferdinando Giugliano, a media adviser to Italy's prime minister, said in a tweet.

Italy’s police has just seized “Lady M Yacht” - a €65m yacht belonging to Alexey Alexandrovits Mordaschov located in Imperia (Liguria) - in compliance with the recent EU sanctions. pic.twitter.com/8NzqkXH7lE — Ferdinando Giugliano (@FerdiGiugliano) March 4, 2022

On Saturday, Italy's tax police also froze "Lena," a $54 million yacht belonging to Gennady Nikolayevich Timchenko, the founder of a Moscow, Russia-based private investment group and close friend of Russian President Vladimir Putin, whom the EU has sanctioned.

Assets that cannot be moved are even easier to take possession of, or prevent their owners from accessing. 

Italy also froze a $3.2 million property in Tuscany belonging to Oleg Savchenko, who is among the richest Russian business people. Giugliano tweeted an image of a Ministry of Economy and Finance vehicle in front of the estate, named "Villa Lazzareschi." 

Italy’s tax police also froze “Lena” - a €50m yacht belonging to Gennady Nikolayevich Timchenko located in Sanremo (Liguria) - and “Villa Lazzareschi” - a €3m property belonging to Oleg Savchenko located in the province of Lucca (Tuscany). pic.twitter.com/yc1Q2y4d0G — Ferdinando Giugliano (@FerdiGiugliano) March 5, 2022

President Biden has also said the U.S. government is homing in on Russian oligarchs' super-yachts, private planes and other conspicuous symbols of their wealth as Russian President Vladimir Putin escalates his country's attack on Ukraine.  

A new federal task force, dubbed "KleptoCapture," will take aim at what Mr. Biden described in his State of the Union address on Tuesday as "the crimes of Russian oligarchs."  

"We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets," Mr. Biden said. "We are coming for your ill-begotten gains."

More than a dozen Russian billionaires are under sanction by the U.S., European Union and the United Kingdom, and some are trying to dodge restrictions by moving assets that are mobile — including mega-yachts — into territories where sanctions don't apply and where their property cannot be seized or their assets frozen. 

The super-yacht "Graceful," believed to be owned by Vladimir Putin himself, left Germany two weeks before Russia invaded Ukraine and recently docked in Kaliningrad, near Russia's nuclear weapons operations, data form MarineTraffic, a maritime tracking website, shows. 

Putin ally Roman Abramovich, who made his fortune in the energy business, is not currently on any government sanction lists, but is making moves to unload valuable assets, including Chelsea Football Club. Among those assets is a super-yacht named "Eclipse" that is the third largest pleasure vessel in the world, measuring more than 540 feet long and 72 feet wide, according to Marine Vessel Traffic, a website that tracks the location of ships and other vessels, including privately owned yachts. It recently set sail from St. Barts to Philipsburg, the capital of Sint Maarten — the Dutch side of the Caribbean island Saint Martin.

"Le Grand Bleu," owned by Russian oil titan Eugene Shvidler, is also anchored off the island of St. Martin, where EU sanctions can be enforced. 

Too big to hide

Some oligarchs on sanction lists, who are alleged to have built their wealth in Russia through political corruption, have already been cut off from their own valuable assets. 

The EU's sanctions on Russian oligarchs on Wednesday led to Germany's freezing of a yacht owned by Alisher Usmanov, one of the wealthiest Russians, according to a Forbes report . According to Marine Traffic, the 512-foot yacht, named "Dilbar," had been stationed in Hamburg, Germany, since October 29 for repairs. 

The French Ministry of Economy and Finance on Thursday said its customs agents seized the "Amore Vero" yacht belonging to a company owned by Igor Setchine, director of Russian oil company Rosneft. The yacht had been stationed for repairs in La Ciotat in Southern France's Cote d'Azur region. 

While the crew's intention was to "sail urgently, without having completed the planned work," it was seized before it could depart, the agency said. 

Fleeing hotspots

In hopes of avoiding the same fate, some yacht owners are "hightailing it on the high seas," financier and anti-corruption activist Bill Browder told CBS News senior investigative correspondent Catherine Herridge. 

They are mooring their mega-yachts, some with 100-member-crews, in places like Dubai and the Maldives — a nation of tiny islands in the Indian Ocean, which does not have an extradition treaty with the U.S. "They're parking their assets where they cannot be seized," Browder told CBS MoneyWatch. 

The problem is that ships of this size can't stay indefinitely in a place like the Maldives, which can generate significant income through docking fees, given their need to refuel and stock provisions. 

"There are a number of these yachts in the Maldives, and unless those countries put sanctions in place they're probably safer there," Alasdair Milroy, a maritime accountant and owner of Breaking the Mould Accounting, told CBS MoneyWatch. "But you can only spend so long in someplace like the Maldives on a yacht of that size without needing provisions, or to refuel, so I don't know how well that will last for a longer period. I don't think they'll be able to do that for that long."

Deputy Attorney General Lisa Monaco, who is in charge of the new U.S. task force targeting Russian oligarchs, issued a stark warning: "We will use every tool to freeze and seize your criminal proceeds," she said in a statement.

Confiscating Russian oligarchs' wealth could be an effective tactic, Browder told CBS MoneyWatch. "It's hugely symbolic, and part of this thing is psychological war. This really has an impact — if not financially, then psychologically."

At least 10 of the 100 largest super-yachts in the world belong to Russian oligarchs, according to Marine Vessel Traffic .

Websites tracking maritime activity show that other oligarchs' yachts are on the move as their owners attempt to shield their assets from seizure. The "Galactica Super Nova," a 230-foot long, $80 million vessel owned by Vagit Alekperov, president of Russian oil company Lukoil, recently left its mooring in Barcelona, Spain, where EU sanctions apply, and set sail for Tivat, Montenegro, in the Balkans, according to VesselFinder.com.  

"Clio," a super-yacht owned by Russian industrialist Oleg Deripaska, is currently anchored off of the Maldives, according to MarineTraffic.com . A handful of other oligarch-owned mega-yachts are also moored in the Maldives, including Alexander Abramov's "Titan," Viktor Rashnikov's "Ocean Victory" and Vladimir Potanin's "Nirvana." 

How sanctions work

Placing an individual or their assets under official sanction does not give another government the legal authority to seize their assets — only to freeze or cut off their owner's access. 

"Generally speaking, sanctions are the authority that allow us to freeze assets. They are most easily understood in context of a bank account — it's literally put into a frozen account that still exists and collects interest and you own it, but you can't get any money from it," said Adam M. Smith, a partner at law firm Gibson Dunn. 

Tangible property must also be under the jurisdiction of the U.S. for any sanctions to work, or for the government to cut off their owner's ability to use an asset like a private yacht or jet. 

Daniel P. Ahn, a sanctions and economic warfare expert at the Woodrow Wilson International Center for Scholars and former chief economist for the U.S. State Department, said that targeting an individual's yacht can limit its use even it isn't seized.

"If it arrives in the West, any port that can refuel is not allowed to do that anymore. So maybe the yacht itself doesn't get seized, but it's a lot less useful thing to have," he said. 

For this reason, sanctioned individuals may choose to try to sell assets like yachts at a loss, rather than risk losing use of them indefinitely. 

"If I was an oligarch, the first thing I would do is I would protest and say I shouldn't be blacklisted. Second would be to see if I can liquidate these assets and claw back something, knowing that otherwise it may rot at the pier without proper maintenance and the like," Ahn said.

As far as their impact goes, the sanctions are more than merely symbolic, he added. "The ultimate objective is to make life very difficult for these oligarchs, and it has been achieved," Ahn said. 

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.

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Inside the interior of Heesen's 80m flagship superyacht Galactica

Related articles, superyacht directory.

When the 80 metre Heesen superyacht Project Cosmos, now named Galactica , hit the water for the first time in November , superyacht enthusiasts were quick to notice the ferocious pair of teeth custom painted on the superyacht’s bulb. It might have been assumed that this was indicative of an eccentric interior design hiding beneath the sleek exterior but this, according to Paul Costerus of interior design studio Sinot Yacht Architecture & Design , is not the case.

He describes the Galactica’s teeth as a “bit of fun”. Inside, however, the owner’s brief for the new Heesen flagship was for a “light” interior, in both light and atmosphere. The studio, which previously collaborated with Heesen on Home , Project Falcon and Galactica Super Nova , also penned the interior of the owner’s previous yacht and was asked to make Galactica’s interior “lighter and brighter” in comparison. “Sometimes,” Costerus explains, “you have an interior that feels as though it’s sitting right on top of you – our goal was to avoid that.”

To do this, Sinot focused on “adding light into the interior” with indirect lighting. Key examples include the glass ceilings in the main deck lounge, combined with materials such as faux leathers and woodwork, which add “interesting contrasts.” 

Another trick was the inclusion of large windows “angled towards the light”. These windows work to “drag” light into the interior and “frame the view”. Sinot also focused on lightening the interior in terms of the weight of the environment, with “light touches of nature” and layers of detailing.

Neutral woods and light silks contrast with stained walnut wood and stainless-steel detailing. The carpets meanwhile are made of natural fibres - silk and wool - while the light and dark stones add an extra layer of contrast.

The upholstery adds another layer of detailing, with headboards, cushions and wall panels bedecked in different shades of blue, from “sky blues to sea blues”. Up in the skylounge however, the colours change to “reds and oranges” in synergy with the sunsets that will be enjoyed from that area. When it comes to Costerus’ personal favourite space on board, he immediately points to the owner’s cabin. Galactica will be a busy yacht, with a steady flow of the owner’s friends and business colleagues.

The owner’s cabin however will remain entirely private and as a result, features a “natural and calm” décor with a higher level of detailing seen elsewhere on the yacht. This is evident in the intricacy of the stitching in the wall panels and headboard, the latter of which could be considered an “art piece”, Costerus says. Unlike the guest cabins, which feature retail light fittings, the light fittings in the owner’s cabin are custom made. “It’s the most luxurious space on board,” Costerus says, “it’s really a showcase of the level of detail that Galactica offers.”

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