| 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: | 1,379 ton |
| IMO: | 1004833 |
| Price: | US$ 50 million |
| Annual Running Cost: | US$ 3 – 5 million |
| Owner: | Ian Malouf |
Coral Ocean (ex Coral Island) is a 72-meter yacht built by Lurssen in 1994.
The yacht is powered by Caterpillar engines. Her top speed is 17 knots. Her cruise speed is 14 knots. The yacht’s range is more than 4,500nm.
Her design is done by Bannenberg & Rowell Design. She underwent a refit in 2009, with interior works done by Metrica.
On the web, the yacht is sometimes linked to an ‘Al Sheik Modhassan’, but Al Sheik Modhassan seems to be nonexistent. The yacht was built for Sheikh Abdul Mohsen al-sheik.
He was also the owner of Project Sassi, the 145 meters Lurssen yacht which was destroyed in a fire in 2019. We were told Sassi will be rebuilt, or at least that a new yacht will be built to replace ‘Sassi’. Do you know more? Please do send us a message.
In 1999 a Picasso painting (“Buste de Femme”, a painting of Dora Maar) worth US$ 30 million was stolen from the yacht Coral Island. Early 2019 the painting was found at the home of a Dutch real estate developer, who acted in good faith and was not aware of the theft. He returned the painting to her owner. Buste De Femme was painted by Pablo Picasso in 1938. Source: https://www.pablo-
The yacht was built as Coral Island and kept that name for more than 20 years. In 2016 the yacht’s owner ordered the 145 meter Project Sassi. Reportedly he sold Coral Island to Lurssen Shipyard’s CEO Peter Lurssen. Around that time she was sent to Lurssen for an extensive refit. Since then she was renamed Coral Ocean and was made available for charter through Burgess.
In 2019 she was sold to Australian waste entrepreneur Ian Malouf.
The yacht’s owner is Ian Malouf.
Material may not be published, broadcast, rewritten or redistributed without consent. Copyright by SuperYachtFan. Most photos on this page by Raphael Belly Photography.
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.
The yacht’s interior is designed by Jon Bannerberg.
The yacht’s tenders were built by Compass Tenders. More Yacht Tenders
Not much is known about Abdulmalik Al-
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.
Some equestrian websites do mention him as the owner of several Arabian horses. Sheikh Abdul Mohsen Abdulmalik Al-
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-
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.
https://saveourseas.com/foundation/founder/
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SuperYacht Owners Database 9-2021
