The Coral Ocean (formerly Coral Island) is a stunning 72-meter superyacht built by renowned shipbuilder Lurssen in 1994. This magnificent vessel has gone through multiple transformations, from her design to her ownership, making her an intriguing subject in the world of luxury yachts.
Specifications and Performance
Coral Ocean is equipped with powerful Caterpillar engines, enabling her to reach a top speed of 17 knots and cruise comfortably at 14 knots. With a range of over 4,500 nautical miles, this superyacht offers both performance and luxury for her guests.
The yacht accommodates up to 12 guests in 6 beautifully designed cabins, with a dedicated crew of 19 to cater to their every need.
Design by Bannenberg & Rowell
The iconic design of Coral Ocean is the work of the talented team at Bannenberg & Rowell Design. Throughout her life, she has undergone multiple refits, including a 2009 refit with interior works by Metrica, and a 2022 refit that saw changes to her superstructure and a fresh white paint for her hull.
Ownership History: Sheikh Abdul Mohsen Al-Sheikh
Initially, the yacht was built for Sheikh Abdul Mohsen al-Sheikh. The Sheikh was also the owner of Project Sassi, a 145-meter Lurssen yacht that was tragically destroyed in a fire in 2019. It is believed that Sassi will either be rebuilt or replaced by a new yacht.
The Stolen Picasso: Buste De Femme
In 1999, Coral Ocean made headlines when a Picasso painting titled “Buste de Femme,” valued at US$ 30 million, was stolen from the yacht. The painting, created by Pablo Picasso in 1938, was eventually recovered in 2019 at the home of a Dutch real estate developer who had no knowledge of the theft. The painting has since been returned to its rightful owner.
2016 Refit at Lurssen and Subsequent Ownership
For over 20 years, the yacht retained the name Coral Island. In 2016, the yacht’s owner at the time reportedly sold her to Lurssen Shipyard’s CEO Peter Lurssen, who ordered an extensive refit at the Lurssen facility. Following the refit, she was renamed Coral Ocean and made available for charter through Burgess.
In 2019, Australian waste entrepreneur Ian Malouf acquired Coral Ocean, investing in a $35 million refit at STP shipyard in Mallorca. The refit included a new white hull, a refreshed interior, an updated sundeck, and an increased volume of 150gt.
Current Owner: Ian Malouf
The present-day owner of Coral Ocean is Australian waste entrepreneur Ian Malouf. This luxurious superyacht, with her rich history and incredible features, continues to be a symbol of elegance and extravagance on the high seas.
Coral Ocean, with its impressive lineage and design, stands as a testament to the enduring appeal of luxury yachts. The superyacht’s intriguing history, combined with her top-of-the-line specifications and multiple refits, make her a fascinating example of how the world of luxury yachting continues to evolve. Under the ownership of Ian Malouf, Coral Ocean is sure to keep turning heads and making waves in the exclusive world of superyachts.
Frequently Asked Questions (FAQ)
Who owns the yacht Coral Ocean?
Her owner is Australian entrepreneur Ian Malouf. He sold his Dial a Dump waste company. He now owns the Ahoy Club Yacht Charter Company. He also owns the yacht Mischief.
How much does it cost to charter Coral Ocean?
Her charter rate starts at $320,000 per week.
Where is the Coral Ocean yacht?
See the yacht’s current location here!
How Much is the Coral Ocean Yacht?
Her value is $50 million. Her annual running costs are around $5 million. The price of a yacht can vary greatly depending on a number of factors, including the size, age, and level of luxury of the yacht, as well as the materials and technology used in its construction.
Lürssen Yachts is a luxury yacht builder based in Bremen, Germany. The company was founded in 1875 and is known for building custom-made motor yachts, with sizes ranging from 50 to 180 meters in length. Lurssen yachts are known for their high-quality craftsmanship, attention to detail, and use of advanced technology. The company has a reputation for building some of the world’s largest and most complex yachts, and has a long history of working with top yacht designers and naval architects to create innovative and unique yacht designs. The most notable projects include AZZAM, DILBAR, NORD, and SCHEHERAZADE.
BANNENBERG & ROWELL DESIGN
Bannenberg & Rowell Design is a yacht design studio that specializes in the design and interior styling of luxury yachts. The studio was founded by Dickie Bannenberg and Simon Rowell in 1999 and is based in London, United Kingdom. Dickie is the son of the late JON BANNENBERG. Jon Bannenberg was a pioneering yacht designer and architect from Australia. He was widely considered to be one of the most influential yacht designers of the 20th century. Notable projects include David Geffen’s yacht RISING SUN, the Lurssen LIMITLESS, and the iconic KINGDOM 5KR.
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The boat is not available for yacht charter. And the yacht is not listed for sale.
Our yacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth, and net worth.
More About Info About This Yacht
Info about the yacht’s Owner, more Photos and Video, her current Location, and the latest News.
Who is Sheikh Abdul Mohsen Abdulmalik Al-
Not much is known about Abdulmalik Al-
Sheikh. He is rumored to be born in 1956. And he is said to be the original owner of the yacht Pelorus. He owns Zeem Trading and the Shgair Stud Farm.
He is the owner of the Zeem Trading Company, a group of international companies. Through his European Hotels and Resorts Limited, he is the owner of the Plantation Club Resort at Seychelles.
Shgair Stud Farm
Some equestrian websites do mention him as the owner of several Arabian horses. Sheikh Abdul Mohsen Abdulmalik Al-
Sheikh is active in horse breeding through his Shgair Stud Farm.
Save Our Seas Foundation
The Sheikh is the founder of the Save Our Seas Foundation, which funds and supports research, conservation and education projects worldwide, focusing primarily on charismatic threatened wildlife and their habitats.
The foundation has started over 200 projects in over 50 countries across the globe. Each project strives for deeper understanding and more innovative solutions in marine research, conservation and education
Sheikh Abdul Mohsen Abdulmalik Al-
Sheikh is considered to be the original owner of the superyacht Pelorus. Roman Abramovich purchased the yacht Pelorus from him.
Project Sassi / Opera
The Sheikh is the owner of the Project Sassi, a 145 meter superyacht which burned down during construction. He is now building another Lurssen yacht, the 147 meter Project Opera.
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