Dutch yacht builder Oceanco has transitioned to new ownership under American entrepreneur Gabe Newell, while previous owners the Barwani family retain their stake in Turkish shipyard Turquoise Yachts. The ownership change follows Oceanco's legacy of constructing notable superyachts including the 110-meter Kaos, 109-meter Bravo Eugenia, 106-meter Black Pearl, and 127-meter Koru.

Newell assumes ownership with stated intentions to maintain Oceanco's operational focus on craftsmanship and workforce development rather than implementing financial restructuring. The new owner has emphasized continuity in the shipyard's human-centered approach to yacht construction.

Gabe Newel
"Gabe Newell is not entering this world as a financier or a strategist, but as a hands-on visionary who respects the sea, the craft, and above all, the people who make it possible," stated the company's transition announcement.

Dr. Barwani
The Barwani family, Oceanco's previous owners since 2010, will continue their yachting industry involvement through Turquoise Yachts, which specializes in custom builds up to 77 meters. Oceanco's current project portfolio and management team are expected to remain unchanged under the new ownership structure.

Oceanco was founded in 1987. Right now it is a world-class builder of custom superyachts up to the 140 meters range. Oceanco works with world-known designers such as Terence Disdale, Nuvolari-Lenard, Espen Oeino, Sam Sorgiovanni, Igor Lobanov, Tim Heywood and Andrew Winch to create some of the timeless and award-winning yachts afloat today.
Credits: Oceanco