Trump's election as president of the United States marked a number of firsts, including the institution of what has historically become the wealthiest cabinet ever in existence in America. The billionaire's effect on politics and policy has become the subject of many international debates, yet his interests in yachting tend to be less talked about but remain no less fascinating when coupled with his administration.
In his former life as a billionaire businessman, Trump not only owned an 86m superyacht as well as a shipyard for a brief period of time, but he also ordered the world's largest yacht, although it was never completed. Meanwhile, US Secretary of Education, Betsy DeVos, with a net worth estimated at $1,5 billion, and her family have been linked to no less than 13 yachts over the years.
In 1980, the late Saudi businessman and arms dealer, Adnan Khashoggi took delivery of the 86 meter (282 ft) Nabila. Built by Benetti in Italy, she became the 8th largest yacht in the world and appeared in the 1983 James Bond movie, Never Say Never Again.
When Khashoggi, however, ran into financial problems, the Sultan of Brunei took possession of the yacht to cover one of his loans. The Sultan quickly flipped the yacht to Donald Trump for a reported $29 million in 1987. In an interview in 1988, Trump said he received a $1 million discount for agreeing to change the name from Nabila, Khashoggi's daughter.
Khashoggi probably spent $200 million building this yacht, probably the best yacht ever built. I purchased it for a business. I use it for my hotels. I use it for a lot of different charities.
After acquiring Nabila, Trump renamed the yacht to Trump Princess and had it refitted by Holland-based, Amels for a near $10 million according to the LA Times. The H on the helipad was also changed to a T to stand for Trump.
Spread into over 100 separate areas over five decks, Nabila was without a doubt one of the most complex yachts of her time. With luxurious materials including onyx used for her interior, the yacht was also ahead of her time from a technological standpoint. Remote controls were installs next to the bed for shades, room service, and the entertainment center.
Amongst the yacht's main feature was a hair salon with 3 separate chairs, a sauna, a private elevator for the owner, one for guests and one for the crew, a 2.4-meter in diameter spa pool with a waterjet behind bulletproof glass. Whilst still owned by Khashoggi, many arms deals were signed onboard the yacht.
In June 1989, Donald Trump announced that he would build a larger yacht, "something in excess of 400 feet long, closer to 500 feet" as he told Newsday and that he was accepting bids from yacht builders for this project. Amels, then owned by a group of 4 British investors, secured the deal to develop the 128-meter Trump Princess II according to NRC.
In May 1990, it was announced that Trump bought Amels altogether. At a press conference in Makkum in 1990, Jeff Walker, VP of Trump's investment empire, denied that the shipyard was sold due to the previous owner's financial difficulties, which some have said, resulted from Trump canceling the construction of the Trump Princess II.
In September 1990, two months after the acquisition, Trump sold Amels to American businessman, Peter Kutell according to Deseret News due to financial problems. At the same time, the Trump Princess was put up for sale and all work on the Trump Princess II stopped. In 1991, Trump Princess was sold to Prince Al-Waleed for $19 million who renamed the yacht to Kingdom 5KR.
The superstructure for Trump Princess II allegedly remained at the Amels Makkum facility until summer 2001 when it was eventually removed. According to sources familiar with the matter, the superstructure is still parked at the Makkum facility, now owned by Feadship De Vries and reportedly sometimes used as a bike parking space.
Although Trump never came back to yacht ownership, other members of his cabinet remained involved in the space to this day. Betsy DeVos, US Secretary of Education, and her husband have a combined net worth valued at $5,1 billion. Amongst their long list of assets are no less than 10 yachts and reportedly an interest in the shipyard that built them.
Delivered in 2008 by US shipyard, Westport, Seaquest measures 50 meters (162 ft) and was designed by Donald Starkey. Reaching a top speed of 24 knots, she is part of the Westport 164 series. Interestingly, she's also not the only Westport 164 linked to the DeVos family as the 50-meter Legacy is also reportedly owned by the family.
Whereas the actual construction price of this particular Westport is unknown, as is typical with the vast majority of new build yachts, a similar 50-meter Westport sold at an asking price of $29,950,000 in November 2016. It is standard for the final, actual price to be 30-40% lower to the asking price in yachting.
Delivered in 2011, Legacy is a slightly updated version of the Seaquest. According to the media, the DeVos family has a solid preference for Westport yachts, having reportedly owned several of them in the past years. In fact, the family may even have acquired a stake in the US yacht manufacturer according to SYF.
Amongst the Westports linked to the DeVos is a Westport 112 from 2003 and a Westport 130 from 2005. Their fleet also includes an 85ft Pacific Mariner ( a brand owned by Westport) called Sun Quest. Additionally, an 80ft Hatteras called Kitsune can also be found in their fleet according to the media.
Although the DeVos fleet may already sound expansive as it is now, the family hasn't always been buying Westports and went through a number of other yacht shipyards as well. One of these superyachts was the 53-meter sailing yacht Independence, delivered by Italian shipyard, Perini Navi in 1998.
The yacht has since been sold, renamed to Jasali II and made available for charter from €138,600 per week. Accommodating up to 10 guests in 5 cabins, she stretches over a beam of 11.4m and can cruise at up to 12 knots.
Prior to their long run with Westport, the DeVos have reportedly owned no less than five Feadships according to SYF, all of which have been named Enterprise. The first to qualify as a superyacht would become Enterprise II, a 116ft Feadship delivered in 1970 now known as Utopia II.
Although from a different era and with different standards, in the 1970s, Utopia II was a true superyacht for its time. Amongst her classical feature are a round aft with an open top deck, partly used to store its tenders. 10 years following her delivery, a new Enterprise was built by Feadship, this time measuring 131ft.
Now known as Seagull of Cayman following changes of ownership, she features several enhancements over the previous Enterprise. The most noticeable of these is a dedicated sundeck, an upper deck skylounge and a larger main salon aft of the main deck. Several weeks ago she was put again on the market at an asking price of €5,900,000.
Yet another improvement on Enterprise III, the 149ft Enterprise IV was also built by Feadship in 1985. Through the Enterprise line can be seen the growth of a niche industry into the superyacht sector it is today. Now known as Explora, the yacht features larger windows, a sleeker line and a swimming platform aft of the yacht, all of which weren't found on classical yachts.
The last Enterprise to be built was delivered by Feadship in 1993 and is today known as Chantal Ma Vie. Measuring 55-meters (179 ft) in length, she already was a good representation of the modern superyacht, featuring a sleek line, large sundeck, expansive lounges, spacious cabins, a swimming platform and purpose-built tenders. In 2010, she was sold at an asking price of $15,9 million to her current owner.
Although their effect on US policy can be polarising and debated throughout the world, the effect that Trump and member of his administration have had on yachting throughout the past decades has undoubtedly played an important role in growing the market to the point where it is today.
Southern Wind has delivered the SW96 Liberty after successful sea trials. The latest addition to its fleet designed by Farr Yacht Design and Nauta Design, Liberty emphasizes racing while maintaining luxury. The owner, a European yachtsman on his second Southern Wind Yacht, expressed his satisfaction after his first sailing experience in Cape Town. Built with a foam core and infused carbon skins, Liberty boasts a lightship displacement of 62 tonnes, ensuring excellent speed even in light air. Her Hall Spars high-modulus carbon mast and boom, along with EC6+ carbon rigging, enhance her performance further.Featuring full water lines and a lifting keel, Liberty is easy to control in various conditions. Her raised saloon layout and panoramic windows provide ample light, complemented by the largest hull portlights in the series. The deck showcases the latest Southern Wind “Twin Fold” transom.With three guest cabins and a spacious owner's suite, Liberty offers comfort alongside exhilarating performance.Now SW96 Liberty embarks on her 7500 mile Maiden Voyage from Cape Town to the Mediterreanean Sea.Southern Wind is a boutique bluewater sailing yacht shipyard founded in Cape Town in 1991. Since its foundation, SWS has specialized in the production of semi-custom high-performance superyachts.Credits: Southern Wind
April 23, 2024
Yonca Shipyard, a renowned builder of state-of-the-art composite vessels with a strong presence in the defense sector, has announced the launch of Mishi Yachts, a new brand targeting the sailing superyacht market.With a sprawling facility covering 44,000 square meters, half of which is under cover, Yonca Shipyard is equipped to construct vessels up to 160 ft in length and weighing over 400 tonnes. The yard's cutting-edge construction capabilities enable the production of up to 20 naval and leisure yachts annually.While excelling in various materials, Yonca's expertise lies in high-speed composite vessels, renowned for their robustness, seaworthiness, and impressive top speeds ranging from 40 to 80 knots.Şakir YılmaztürkChairman and founder, Şakir Yılmaztürk, expressed the shipyard's enthusiasm for venturing into the leisure marine sector. "Yonca Shipyard is esteemed in the defense industry and has served as the builder behind other esteemed yachting brands," said Yılmaztürk. "With 36 years of honed skills and capabilities, we are delighted to introduce Mishi Yachts, focusing on luxury sailing superyachts."Mishi Yachts' debut offerings include designs for an 88 ft and a 102 ft luxury sailing yacht, embodying the expertise and craftsmanship synonymous with Yonca Shipyard. The yard collaborates with renowned naval architects and designers to ensure superior performance and enduring quality.Yonca's proficiency in complex mold design and flawless composite work positions it as a leader in the industry. From CNC milling to vacuum infusion, the yard's meticulous approach ensures impeccable standards in fiberglass construction. Additionally, its finishing capabilities, including woodworking and stainless steel fabrication, further attest to its commitment to excellence.Mishi Yachts management board: Şakir Yılmaztürk, Erdem Yılmaztür and Didem Yılmaztürk Ulusoy"We are driven by the same passion and dedication that fueled our inception in 1986," stated Yılmaztürk. "Our reputation for composite craftsmanship and engineering excellence positions us to seize opportunities in the superyacht market. We look forward to delivering exceptional vessels that embody the essence of Mishi Yachts."Founded in 1986, Yonca Shipyard aimed to lead in fast boat design and advanced composites. Despite doubts, handcrafted boats reflected our vision. Now an industrial-scale enterprise, the shipyard produces cutting-edge pleasure, commercial, and naval craft. Yonca Shipyard delivered more than 180 ships and boats, specializing in fast interceptor craft and patrol boats for defense and law enforcement agencies.Credits: Pozitif Studio/Yonca Shipyard
April 23, 2024
On April 22nd, the Boatbuilding Technology Centre, the House of Swan in Pietarsaari, Finland, witnessed the launch of the first unit of the Swan 88 featuring hybrid electric propulsion. The Swan 88 is a groundbreaking model, meticulously developed to offer a hybrid electric propulsion option in collaboration with Torqeedo. This innovative project continues the successful partnership with German Frers for Naval Architecture, Misa Poggi for Interior Design, and Lucio Micheletti, Micheletti + Partners, for the exterior styling.A defining feature of this new project is the coachroof's shape, inspired by the wind, boasting essential and dynamic lines. The transom beckons to the 'Beach Club' swim platform. With a focus on space, functional quality, and on-board comfort, both indoors and outdoors, the Swan 88 is designed to impress. Natural light floods in from the stunning 'atrium' companionway, coachroof, and hull windows, providing a bright interior ambiance.The Swan 88 offers Owners a super-smart opportunity to reduce running costs through chartering. This performance maxi design ingeniously complies with the critical 24-meter load line length rule for light MCA charter regulations. Nautor Swan's decision to develop this vessel aims to offer a true performance superyacht based on an efficient platform, minimizing management costs, and simplifying the charter certification process.Dedicated cruising appendages include a moderate draught fin T-keel of 4 meters and twin rudders, providing advantages such as reduced draught, enhanced safety, and excellent sailing balance. The hull and deck boast full carbon fiber epoxy construction, utilizing Sprint® lamination technology and the yard's advanced carbon mold technology."The Swan 88 marks an important milestone for the shipyard's production. It's the first hybrid propulsion yacht, showcasing our constant collaboration with Torqeedo and contributing to the study and development of similar features across the entire range, not just maxi yachts," says Giovanni Pomati, Nautor Group CEO. "This significant new model, of which we will launch the second unit in a few days, epitomizes Swan's 360-degree essence, the DNA that has made our boats recognizable worldwide for 58 years, and we are immensely proud of it."The Swan 88 will make its global debut at the Cannes Yachting Festival from September 10-15 and the Monaco Yacht Show from September 25-28.Nautor Swan was founded in 1966 in Pietarsaari, Finland. The builder entered the superyacht market in 1999. Since then, the yard has continued building high-performance sailing yachts in three different lines; ClubSwan, Swan Yachts and Maxi Swan Yachts. Credits: Nautor Swan
April 23, 2024
On Saturday, April 20, Heesen announced the delivery of YN 20150 Cinderella Noel IV, following rigorous trials in the North Sea. The owners christened their yacht on December 23, 2023, marking an unforgettable moment for all shipyard employees and subcontractors involved in the construction.Stefan Zucker and Sven Stark, the clients' surveyors and project managers, expressed their appreciation for the shipyard's efforts, stating: "We have hardly experienced such intense involvement of clients ever before."Cinderella Noel IV stands out not only for her exceptional design but also for her owners' deep involvement. With a passion for sailing, the clients actively participated in the yacht's creation, bringing practical and technical insights from years of experience on the water.During three days of sea trials in challenging conditions, Cinderella Noel IV surpassed all expectations. Captain Bob van Zundert praised her swift responses and exceptional handling, even in rough seas.Built on a proven engineering platform, Cinderella Noel IV integrates a hybrid propulsion system chosen by the owner to minimize environmental impact. Heesen's hybrid system, powered by twin MTU 8V4000 M63 main engines and Danfoss electric motors, ensures cleaner, quieter, and more efficient cruising.Rick van de Wetering, Heesen's Chief Operating Officer, expressed pride in the collaboration with the owners and their teams, highlighting the strong bond formed during the 41-month construction period. He concluded, "On behalf of everyone at the shipyard, we wish them fair winds and following seas on their wonderful yacht."Heesen Yachts is a Dutch ship building company that specializes in custom-built superyachts in aluminum and steel from 30m to 70m in size. Founded in 1978, it has launched more than 170 yachts since its inception.Credits: Ruben Griffioen/Heesen Yachts
April 22, 2024
The Italian Sea Group (TISG) has been honored with the "Best Performing Large Size Company" award at the Alychlo Awards 2024, marking its third consecutive win in this category.TISG secured the recognition for its outstanding turnover and EBITDA results, which ranked as the best in its reference category.The awards ceremony took place at the enchanting Pairi Daiza, a renowned botanical garden and zoo, bringing together 160 guests, including entrepreneurs and managers from companies in which Alychlo, the family investment company of Belgian entrepreneur Marc Coucke, invests.The Alychlo Awards celebrate companies, individuals, and teams that have achieved exceptional results. In the 2023 edition, 10 prestigious awards were presented to 10 outstanding winners.Alychlo, the cornerstone investor of The Italian Sea Group since its IPO, has investments in over 40 public and private companies across various sectors, with a focus on high-value-added companies that contribute significantly to job creation."We are extremely honored to receive this recognition and to be selected among important and excellent companies," commented Giovanni Costantino, Founder & CEO of The Italian Sea Group. "We thank Mr. Marc Coucke for his constant trust in our Group since its listing on Euronext Milan. We will continue working passionately and with dedication to achieve increasingly ambitious results."The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters. Credits: The Italian Sea Group
April 22, 2024