Richard Hein and some South African private investors.
Alblasserdam, The Netherlands
Jupiter International N.V.
> $ 100 million
Blue Ocean Engineering B.V.
Oceanco is a leading Super Yacht Builder. Based in the Netherlands, they have built some of the world’s most amazing superyachts. Including Alfa Nero, Black Pearl, Dar and Jubilee.
Yachts Under Construction:
We think they have five projects under construction. Most projects start on speculation as ‘investment projects’. They recently sold two new projects: one in the 2nd half of 2017 and one early 2018. Not much is known about these projects.
We are aware of the following projects:
Y719 – 117 meter delivery in 2020 – Project Acquaintance
Y720 – 109 meter – delivery in 2021 – The new Seven Seas. (We think the 75-metre Damen YS 7512 wil be her support vessel).
Y721 – 125 meter – delivery in 2021. Could be a new Barbara
Y722 – n/a
Y723 – n/a
Oceanco is considered to be one of the most exclusive superyacht builders in the world. They have built some masterpieces as Jubilee, Black Pearl and Barbara.
Oceanco delivers top Dutch quality products with efficient production facilities. The company works together with designers. Such as Terence Disdale, Nuvolari-Lenard, Espen Øino, Sam Sorgiovanni, Igor Lobanov, Tim Heywood and Andrew Winch.
The company was founded in 1987 by Richard Hein and some private investors. They were based in South Africa. The company started building hulls and superstructures in Durban. The hulls were transported to the Netherlands. Where the yachts were finished.
One of the first large yachts built by Oceanco is Al Mirqab. The yacht was until recently known as Indian Empress. She is now named NEOM. Other large yachts from the first years are the sister-ships Constellation and Stargate. They were built as identical yachts in an order for the Royal Family of Qatar.
Constellation was built for Sheikh Hamad bin Khalifa Al Thani, the former Emir of Qatar. While Stargate was built for his half-brother Sheikh Abdulla bin Khalifa Al Thani.
In 2002 the yacht builder was bought by Greek shipping tycoon Theodore Angelopoulos. He was also the original owner of the yacht Alfa Nero.
Under guidance of Angelopoulos, the company started focusing on 80 meter + yachts. Built in a semi-custom series. Examples are Amevi, Alfa Nero, Vibrant Curiousity and Seven Seas.
In 2010 Mohammed al Barwani bought the luxury yacht builder. He is a billionaire based in Oman and active in the oil and gas industry.
Al Barwani als owns the Turkish yacht builder Turquoise. Under management of Al Barwani the focus went more to custom build projects. With examples as Barbara, Infinity and recently Jubilee and Bravo Eugenia.
Oceanco has around 200 employees. She is one of the leaders in the world of luxury yachting. In 2018 the company formed a strategic partnership with BMT to form Lateral Naval Architects.
The custom yacht builder has been nominated many times for the World Superyacht Awards.
Mohammed Al Barwani
Mohamed bin Ali bin Mohamed Al Barwani is an Omani billionaire businessman. He is founder of MB Holding. The company is active in oil and gas exploration and production, oilfield services, engineering and mining.
His net worth was once estimated at US$ 1.2 billion.
Notable custom superyachts built by Oceanco are Jubilee (one of the biggest yachts built in the Netherlands), Indian Empress, Dar and the sailing yacht Black Pearl. The company has many projects in the top 200 largest yachts.
Current Order Portfolio
We think they have 5 projects under construction. Most projects start on speculation as ‘investment projects’.