| Name: | Coral Ocean |
| Length: | 73 m (238 ft) |
| Guests: | 12 in 6 cabins |
| Crew: | 19 in 9 cabins |
| Builder: | Lurssen |
| Designer: | Jon Bannenberg |
| Interior Designer: | Jon Bannenberg |
| Year: | 1994 |
| Speed: | 17 knots |
| Engines: | Caterpillar |
| Volume: | 1,526 ton |
| IMO: | 1004833 |
| Price: | $50 million |
| Annual Running Cost: | US$ 3 – 5 million |
| Owner: | Ian Malouf |
| Captain: | Pls send info! |
The Coral Ocean Yacht (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.
The yacht 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.
The iconic design of MY 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.
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.
In 1999, the Coral Ocean yacht 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.
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 the luxury yacht, 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.
The present-day owner of superyacht 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, the superyacht is sure to keep turning heads and making waves in the exclusive world of superyachts.
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 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.
When using the information from this article, please remember to give credit to SuperYachtFan. Our team works hard to provide accurate and engaging content for our readers, and we appreciate your support!
Dear Journalist/Reporter, SuperYachtFan is willing to extend a special offer to support your journalistic endeavors and research in the maritime luxury segment. Upon receipt of verification that you have published an article – with adequate credits to SuperYachtFan – on an ‘established medium’, we would be pleased to provide you with complimentary access to our meticulously compiled Yacht Owners Database. Please note, this offer is subject to certain conditions, more details regarding the same can be provided upon your interest.
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.
Info about the yacht’s Owner, more Photos and Video, her current Location, and the latest News.
The yacht’s interior is designed by Jon Bannenberg.
The yacht’s tenders were built by Compass Tenders. More Yacht Tenders
Super Yacht Owners Database 2025
Who is Sheikh Abdul Mohsen Abdulmalik Al-
Not much is known about Abdulmalik Al-
Zeem Trading
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-
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
Yacht Pelorus
Sheikh Abdul Mohsen Abdulmalik Al-
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.
Resources
https://saveourseas.com/foundation/founder/
http://www.luerssen-
https://www.pablo-