YachtPlus & 'Ocean Emerald'...

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YachtPlus & 'Ocean Emerald'...

Industry News

She's the first of the fractional-ownership operation's Lord Foster-styled superyachts and she was on show at the 2009 Monaco Yacht Show...

SEPTEMBER 2009

Late April ’09 saw the London-based fractional-ownership-superyacht operator YachtPlus take delivery from contract builder Cantieri Navali Rodriquez (Sarzana, Italy) of its first vessel Ocean Emerald. This 41m (135ft) all-aluminium charter vessel was designed by Lord (Norman) Foster of Thameside's Foster + Partners, the London-based substantial terrestrial architecture practice. The yacht and her crew have already been working hard in the Western Med this summer with back-to-back charter programmes.
She is the first of four identical 12-guest superyachts ordered by YachtPlus and to be delivered over the next two years. The second Ocean Pearl is scheduled to ‘enter service’ in autumn ‘09 and the third Ocean Sapphire in the early part of 2010. The fourth, as yet unnamed, is scheduled to launch in the latter part of 2010.
YachtPlus is offering an 1/8th share in one of the four for a ‘buy-in fee’ of €1,875,000, which puts a €15 million price tag on the whole. For that fee fractional owners get 30 nights a year onboard, split between spells in the Mediterranean and the Caribbean. Half fractions are also available – ie a 1/16th share – for €975,000, which means 15 nights a year.
Once the fleet is complete, YachtPlus clients will have the option of taking their time aboard any one of the yachts on their worldwide itineraries.
Beyond the buy-in, it is estimated that there will be an annual management fee of around €200,000 for a 1/8th share and €100,000 for a 1/16th share; that will cover all-year-round maintenance, permanent crews of seven, a ‘24/7 YachtPlus lifestyle management service’, trans-ocean crossings, moorings and port charges and cruise-itinerary management.
The fractional-ownership contract runs for eight years, after which the intention is to sell the yachts and distribute the full proceeds pro rata to all those signed up. YachtPlus’s sales materials suggest these yachts’ residual values after eight years should be 60 per cent of their launch value.
So, what do you think of the design?
Like it?
Alas we don’t. Indeed, we would go so far to say that if ever there was ever an example why terrestrial architects should stick to what they know and steer clear of things naval, it must be Ocean Emerald. Regardless of how good a yacht she proves operationally, will she ever be considered pretty? We think not. Perhaps she’d look good on foundations in the centre of London, like some of the designers other creations, but on open water? No.
But then of course the best views will be from the inside looking out. Indeed the interior, which is also the work of Foster + Partners, looks pretty good; modern and minimalist, but less radical. Headroom is not brilliant.
The view from the bridge incidentally is not as bad as one would perhaps imagine, although yes all that structure that dives all the way forward to the bow does get in the way; the captain tells us that he simply has to side step a metre off the centreline occasionally.

Basic Spec — YachtPlus's Ocean Emerald...
LOA: 41m (135ft)
LWL: 35m (115ft)
Max Beam: 8.40m (27ft 7in)
Draught: 2.30m (7ft 7in)
Displacement: 205 tonnes
Engines: 2 x 1,400hp (1,044kW) C32 Caterpillars
Max Speed: 17.5 knots
Max Cruise: 16 knots
Range: 2,400nm @ 12 knots/700nm @ 16 knots
Fuel: 26,000 litres (7,900 US gals)
Water: 8,000 litres (2,100 US gals)
Owners/Guests: 12
Crew: 7
Exterior/Interior: Foster + Partners
Construction: Aluminium
Classification: RINA, MCA LY2
Builder: Rodriquez Cantieri Navali
Launch: April 2009

For more, www.yachtplus.com.

© Phil Draper