Anyone strolling through the port of Ibiza these days can not help but admire one of the boats that are docked. It is the ‘Coral Ocean‘, a 72-meter luxury superyacht that is valued at about 46 million euros.
Built in 1994, she is tailor-made for luxury yacht charterand offers a wealth of spacious living quarters and fabulous amenities. Although the charter price escapes the economy of most mortals: 650,000 euros per week, plus expenses.
The particular history of this luxury yacht
When this yacht was built, its name was ‘Coral Island’. Her first owner, who had her built at the Lurssen shipyard, was Sheikh Abdul Mohsen al-Sheikh. While this Arabian sheikh was the owner of the yacht the ship became very famous for the theft of a painting that was inside her.
In 1999 thieves broke into the yacht while it was docked in Antibes, France, and stole Picasso’s painting ‘Bust of a Woman’, valued at about $30 million, from inside. Abdul Mohsen al-Sheikh then denounced the theft to the French police and offered a reward of 400,000 euros to whoever found it, but it wasn’t until 20 years later that they found the artwork in the Amsterdam underworld, after changing hands at least 20 times.
The new owner
For more than 20 years, the yacht retained the name ‘Coral Island’. In 2016, its owner at the time reportedly sold it to Lurssen Shipyard’s CEO, Peter Lurssen , who ordered a extensive renovation at the facility lurssen’s facilities. After the refurbishment, it was renamed ‘Coral Ocean’ and was available for charter through Burgess.
In 2019, Australian waste entrepreneur Ian Malouf acquired the luxury yacht and invested in a $35 million refit at the STP shipyard in Mallorca. The refit included a new white hull, a renovated interior, a sun deck…
Born June 1965, Ian Malouf is an Australian entrepreneur best known for founding Dial A Dump. He is married to Larissa Malouf and they have five children.
With the help of H2 Yacht Design, Malouf laid out an ambitious plan that would see the destruction and rebuilding of two and a half levels of the upper deck, which would add approximately 150 GT to the yacht’s volume. The owner’s suite is located on deck with skylights that flood the space with natural light combined with new, larger windows that offer 180-degree panoramic views.
On the lower deck there are four spacious guest cabins, where a new full beam VIP suite compares favorably with the owner’s cabin in terms of size and comfort. Adjacent to this VIP cabin is a private salon that can be used as a cinema, coffee area and office.
Other significant changes include the removal of the original blue mosaic and coral-lined pool and the a new glass-bottomed spa pool on the sundeck. Framed by a glass balustrade, the terrace is an inviting environment, and the new pool and loungers are just steps away from the fully stocked bar in the new upper lounge. To provide flexibility and enhance the enjoyment of the space, the remodel gave the upper lounge floor-to-ceiling retractable glass windows, providing an indoor-outdoor experience, they explain.
For the full article, please visit Diario de Ibiza website here.