Malaysia Taking “Nine-Figure” Offers for Superyacht Equanimity: If you have approximately $130 million to spend and want a bargain on a superyacht that can accommodate up to 22 passengers, has a helipad and boast a variety of topline amenities, the sale of the superyacht Equanimity may be worth looking into.
The 91.5-meter yacht built by Oceanco remains anchored in the waters of the Malaysian island of Langkawi, awaiting a new owner after seizure by Indonesian authorities at the request of the U.S. Department of Justice. Equanimity has been on the market since November 2018 with a guide price of $130 million. That figure is just over half of the $250 price reportedly paid by fugitive Malaysian banker Low Taek Jho in 2014.
Winterbothams set the $130 million guide price following a full condition survey. The yacht has been in almost continual use since she was delivered and requires some refit, according to the survey. The government of Malaysia has not indicated that it would consider all nine-digit offer to purchase the notorious superyacht.
Equanimity gained notoriety last year when she was impounded during the investigation into the 1 Malaysia Development Berhad (1MDB) scandal, in which $4.5 billion from the 1 MDB fun was misappropriated. Low is believed to be behind the scheme. The Malaysian government is reportedly spending $500,000 per month to maintain the vessel.
The first phase of the auction occurred last November when several parties sub mitted sealed bids to the Sheriff of the High Court of Malaysia, a legally required step under Admirality Law to pass good title to the purchaser upon a judicial sale. The submitted offers were below the amount of the independent professional evaluation. Once the mandatory sealed bid phase was completed, the Court was able to move to a Private Treaty sale format.
Private Treaty is the more familiar, standard superyacht sale process. The new owner will received an internationally reconized ownership title free of mortgage., attachment and all encumbrances, in accorgdance with Admirality Law.
The guide price indicates how well the crew of 21 and her yacht management have maintained the vessel. She reportedly needs a repaint but is essentially in good condition.
Equanimity was the first superyacht built to be fully compliant with the Passenger Yacht Code (PYC). Designed by Winch Design, she features a variety of exotic materials that have broad appeal but can also be easily modified should the buyer wish to make changes. Among her amenities are an impressive beach club, health center with gym Pilates studio, sauna, hamman, plunge pool and beauty salon.
Other amenities include a hospital a fully certified helipad and two 10.5-meter Hodgdon tenders. Twin MTU 20V 4000 M73L engines that provide a maximum speed of 18.5 knots power her ice-classed hull. Equanimity can reach a range of 5,000 nm while cruising at 14 knots.
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