The Moatize yacht, an epitome of luxury and grandeur, was built in 1999 by the prestigious yacht builders, Pendennis. This stunning vessel stands as a testament to exquisite craftsmanship, featuring a refined design and top-of-the-line facilities. The yacht’s diverse history and intriguing tales of ownership add to its allure, making it a fascinating subject for yacht enthusiasts and curious observers alike.
- The Moatize yacht was constructed by Pendennis in 1999.
- It is powered by 2 Caterpillar engines, boasting a maximum speed of 16 knots and a cruising speed of 14 knots.
- The yacht Moatize can accommodate 12 guests and features a dedicated crew of 11.
- The current owner of Moatize is Michael O’Keeffe, a notable figure in the mining industry.
- The yacht’s value is around $20 million, with annual running costs of approximately $2 million.
Specifications of the Moatize Yacht
Ensuring smooth and powerful performance, Moatize is equipped with 2 Caterpillar engines. The yacht can reach a maximum speed of 16 knots, while maintaining a comfortable cruising speed of 14 knots. This splendid vessel boasts an impressive range of over 6,000 nautical miles, making long-distance voyages an absolute breeze.
The Luxurious Interior of Moatize
Inside the Moatize yacht, the luxury intensifies. With a capacity to accommodate 12 guests in 6 elegant staterooms, the yacht offers a perfect blend of comfort and opulence. A dedicated crew of 11 is on board to cater to guests’ every need. The yacht underwent a significant refit in 2008, further enhancing its appeal and value.
The Cairns Crash: A Close Encounter
Moatize’s journey hasn’t been without incidents. In August 2019, the Moatize yacht unfortunately crashed into the marina of Cairns due to a technical error which resulted in one of the main engines running on full power. Despite the incident, the yacht emerged relatively unscathed, with limited damage and no injuries reported.
Meet the Owner of the Yacht MOATIZE
The proud owner of this luxury vessel is Michael O’Keeffe, a renowned personality in the mining industry. O’Keeffe co-founded Riversdale Mining and has held the position of Executive Chairman. His active involvement in mining extends to Riversdale Resources, owning coal mines in the US and Canada, and serving as Chairman and CEO of Champion Iron Limited, involved in iron ore exploration in Canada.
Moatize’s Interesting Ownership History
Over the years, the luxury yacht Moatize has seen a series of ownership changes, each adding a unique chapter to its history. Initially built for Frank Lowy and named Ilona, the yacht was later rechristened as Christine and Ilonka. In July 2019, O’Keeffe acquired the yacht and gave it the name Moatize, after one of his prized racehorses.
The Price Tag on MOATIZE Yacht
The value of Moatize is estimated at a staggering $20 million. However, ownership comes with significant annual running costs of around $2 million. The price of a yacht like Moatize can greatly depend on factors such as size, age, level of luxury, and the materials and technology used in its construction.
Pendennis is a luxury yacht builder based in Falmouth, Cornwall, UK. The company was founded in 1988 and specializes in building custom-made sailing and motor yachts, with sizes ranging from 30 to over 60 meters in length. Pendennis yachts are known for their high-quality craftsmanship, attention to detail, and use of advanced technology. Notable projects include the schooner Adela, the 55-meter Steel, and Rebecca.
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