The Seven Seas Yacht was built by renowned Dutch yacht builder Oceanco in 2022. This impressive vessel boasts an estimated value of $250 million and features a stunning design by SINOT Yacht Design.
Key Takeaways:
- The Seven Seas yacht, valued at $250 million, was built in 2022 by the renowned Dutch yacht builder, Oceanco. It is powered by top-of-the-line MTU engines and can reach a maximum speed of 20 knots.
- The vessel, designed by SINOT Yacht Design, can accommodate 14 guests in 7 suites with a dedicated crew of 30.
- Steven Spielberg is the proud owner of the Seven Seas. He named the yacht after his seven children and it is legally owned by a company named LEROY FREE LTD, based in the Cayman Islands.
- There is an ongoing legal dispute between yacht broker Merle Wood (MWA) and Oceanco. MWA alleges that they are owed a 5% commission on the sale of the yacht Seven Seas to Spielberg. Oceanco denies the existence of such an agreement.
- The Dutch court in Rotterdam has ruled that MWA has the right to request a preliminary witness hearing to gather evidence and clarify their position. However, Steven Spielberg is not a party in this conflict.
- The yacht was delivered to Spielberg in July 2023 after accommodating some additional owner requests and guarantee works.
Specifications of the Seven Seas Yacht
Powered by top-of-the-line MTU engines, the superyacht can reach a maximum speed of 20 knots, with a comfortable cruising speed of 14 knots. The yacht Seven Seas has an impressive range of 5,000 nautical miles.
Luxurious Interior and Accommodations
Designed to provide the utmost comfort and luxury, the yacht can accommodate 14 guests in 7 lavish suites. A dedicated crew of 30 is on hand to ensure a seamless experience for all guests.
Owner: Steven Spielberg and the History of Seven Seas
The proud owner of this opulent vessel is Steven Spielberg, who named her after his seven children. The yacht is legally owned by a company named LEROY FREE LTD, based in the Cayman Islands.
Spielberg previously owned a smaller Oceanco yacht, which he sold in October 2021. This yacht, named Man of Steel, is now owned by Canadian billionaire Barry Zekelman.
Steven Spielberg Caught in Legal Tug-of-War Over New Yacht Seven Seas
Yacht broker Merle Wood (MWA) claims that they have reached an oral commission agreement with Oceanco, during the 2015 Monaco Yacht Show. According to MWA, they are entitled to a 5% commission on the sales of the yacht Seven Seas sold to Steven Spielberg, in addition to the commission they previously received for the sale of his previous yacht (now Man Of Steel).
Oceanco denies the existence of such an agreement, and MWA seeks a preliminary witness hearing to gather evidence for their claim. Oceanco opposes the request, stating that there is no proof of a commission agreement and that MWA is abusing their power to pressure Oceanco into paying the commission.
The Dutch court in Rotterdam rules that MWA has the right to request a preliminary witness hearing to gather evidence and clarify their position. The court finds that the facts and rights MWA wants to prove are relevant, given the nature and scope of the legal claim they intend to pursue. The court grants the request for a preliminary witness hearing, and MWA may hear witnesses regarding the alleged commission agreement and Oceanco’s lack of response to their requests for discussion.
NOTE by SuperYachtFan: Steven Spielberg is NOT a party in the conflict!
Case (in Dutch): https://uitspraken.rechtspraak.nl/#!/details?id=ECLI:NL:RBROT:2023:2494
Delivered in July 2023
In July 2023 she was finally delivered to her owner after some additional owner requests and some guarantee works.
Frequently Asked Questions (FAQ)
How much does Steven Spielberg yacht cost?
The yacht has a cost-price of $250 million. That is roughly $60,000 per ton volume. Her annual running costs are $20-30 million.
Where is Spielberg’s yacht?
It seems the yacht has still not been delivered, she is still at the Oceanco facilities. See her current location here. Update she left the Netherlands heading towards Southampton early July 2023.
Who bought Steven Spielberg’s yacht?
His previous yacht was sold to Barry Zekelman. He named the yacht Man of Steel. He has owned several other super yachts with the same name.
Oceanco is a luxury yacht builder based in Alblasserdam, Netherlands. The company was founded in 1987 and has become one of the most respected yacht builders in the world. It specializes in building custom-made luxury motor yachts that range in size from 80 to over 300 feet in length. Oceanco yachts are known for their exceptional craftsmanship, innovative design and use of advanced technology. The company employs a team of experienced designers, engineers, and shipbuilders who work together to create yachts that are not only beautiful but also highly functional and efficient. Notable projects include Jeff Bezos’ yacht KORU, Bravo Eugenia, and Seven Seas.
Sinot Yacht Design
Sinot Yacht Design is a Dutch yacht design company specializing in the design and development of superyachts and megayachts. The company was founded by Sander Sinot and is based in the Netherlands. Sinot Yacht Design is known for its innovative and environmentally conscious designs, and its team of designers, engineers, and naval architects are dedicated to creating the highest quality yachts for their clients. Notable projects include Steven Spielberg’s Seven Seas, Larry Ellison’s Musashi, and the Hakvoort Top Five II.
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Yacht Charter
The boat is not available for yacht charter. And the yacht is not listed for sale.
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More About Info About This Yacht
Info about the yacht’s Owner, more Photos and Video, her current Location, and the latest News.
Most photos on this page by Bjorn Mierop.