Introduction to the Olivia O Yacht
The maritime world was dazzled with the introduction of the Olivia O yacht, an extravagant 89-meter explorer yacht emanating from the renowned shipyards of Ulstein Werft in Norway. With its design helmed by the acclaimed Espen Oeino, the yacht is a testament to modern marine engineering with its innovative reversed X-Bow.
Key Takeaways:
- The Olivia O yacht is a stunning 89-meter vessel built by the esteemed Ulstein Werft and designed by Espen Oeino.
- Notable features include a helipad, a 10-meter swimming pool, and accommodation for 12 guests with a crew of 24.
- Powered by Rolls Royce engines, the yacht cruises at 15 knots, maxing out at 19 knots.
- The yacht is owned by billionaire Eyal Ofer and is named after his daughter, Olivia.
- Valued at $200 million, its annual operational costs approximate $20 million.
Remarkable Features
Beyond its striking bow, the Olivia O yacht houses a plethora of luxurious amenities. Most notable among them is a state-of-the-art helipad, a testament to its owner’s taste for luxury and convenience. This feature complements the yacht’s expansive 10-meter swimming pool, a rare luxury in maritime designs. With its capacity to host 12 esteemed guests, the yacht ensures optimal service with a dedicated crew of at least 24 professionals.
Technical Specifications
Weighing in at a displacement of 4.989 tons, Olivia O stands out as one of the world’s more substantial yachts. Her power source? High-end Rolls Royce engines, renowned for their durability and efficiency. They enable the yacht to comfortably cruise at speeds of around 15 knots, reaching up to a formidable max speed of 19 knots.
While Ulstein Werft has a legacy in constructing robust vessels for the oil sector, the Olivia O represents their pioneering foray into the superyacht domain.
Ownership of the Olivia O Yacht
The privilege of owning such a masterpiece belongs to Eyal Ofer, an Israeli-British billionaire tycoon known for his philanthropic endeavors and business empire. As chairman of the Ofer Group, he oversees a diverse conglomerate with substantial interests in sectors like shipping, real estate, and energy. A personal touch to the yacht’s nomenclature, it bears the name of Eyal’s beloved daughter, Olivia Ofer.
Pricing and Value
The Olivia O yacht is an embodiment of luxury and opulence, carrying an estimated value of $200 million. Like all assets of such grandeur, it has operational costs, with yearly expenditures hovering around $20 million. The price of a yacht like Olivia O is influenced by myriad factors, such as its size, age, and the level of luxury it offers, not to mention the advanced materials and technologies that underpin its construction.
Ulstein Werft: Norway’s Maritime Innovator
Ulstein Werft, nestled in the picturesque town of Ulsteinvik, stands as one of Norway’s shipbuilding stalwarts with roots tracing back to 1917. Founded by Martin Ulstein, the company has evolved from constructing local fishing vessels to pioneering designs for a myriad of ship types. Their revolutionary X-BOW® hull line design, enhancing fuel efficiency and ensuring superior onboard comfort in tumultuous seas, stands testament to their innovative spirit. As a part of the Ulstein Group, the company offers a holistic range of ship services, from design to system packages. With a commitment to sustainability, Ulstein is progressively focusing on creating eco-friendly and reduced-emission vessels. Globally recognized, their footprint extends beyond Norway, influencing maritime designs worldwide. Ulstein Werft’s foray into the luxury market, notably with the construction of the Olivia O explorer yacht, signifies their versatility. Through the years, the essence of Ulstein Werft remains unwavering: a blend of traditional craftsmanship and cutting-edge innovation.
Espen Øino is a Norwegian yacht designer who is known for designing some of the world’s largest and most luxurious yachts. He is the founder and principal designer of Espen Øino International, a yacht design firm based in Monaco. Espen Øino has designed over 200 yachts, including many of the world’s largest and most technologically advanced yachts. Oeino is considered to be one of the world’s leading design studios for large luxury motor yachts. Notable projects include Flying Fox, Crescent, and Octopus.
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