The Tranquility yacht, known as Equanimity until 2019, is an exquisite creation by the renowned Dutch shipbuilder Oceanco. Delivered to her original owner in June 2014, this luxury vessel has since etched a mark in the yachting world, boasting a striking steel hull and an aluminum superstructure. With a length of 91.5 meters, Tranquility held the title of the 60th largest yacht in the world in 2018.
Key Takeaways:
- The Tranquility yacht, formerly known as Equanimity, was built by Oceanco in 2014.
- The interior of the yacht, designed by Andrew Winch, can house 26 guests and a crew of 28.
- The yacht was originally owned by Malaysian billionaire Jho Low before being seized by the Indonesian government and later sold to the Genting Group in 2019.
- As of 2023, Gabe Newell, Co-Founder of Valve Corporation, is the current owner of the yacht.
- The yacht has a value of EUR 150 million, with annual running costs of $15 million.
A Masterclass in Design and Comfort
The opulent interior of the Tranquility yacht is a testament to the design prowess of acclaimed designer Andrew Winch, while Azure Naval Architects spearheaded the engineering aspects. This luxurious yacht can comfortably accommodate up to 26 guests within its 9 stately staterooms, serviced by a dedicated crew of 28.
M/Y Tranquility’s interior incorporates an oriental-inspired theme and uses materials like wenge, bamboo, and gold leaf to create an ambiance of unrivaled elegance. Guests can enjoy a range of amenities including a fully-equipped spa, a beach club, a beauty salon, a state-of-the-art gym, a sauna, a Turkish bath, and a sizeable pool.
The Significance of Equanimity
The yacht was initially named Equanimity, a term that represents mental calmness and composure, particularly in challenging situations. Originating from Latin, æquanimitas translates to ‘even mind’, a reflection of the serene experience offered onboard this luxury yacht.
The Legacy of Ownership
In its early days, rumors suggested multiple potential owners of Equanimity, including Do Won Chang and Malaysian billionaire Jho Low. However, in 2017, a USA criminal court case confirmed Mr. Low as the owner, hinting at his Chinese roots and his grandfather’s birthplace. However, Equanimity’s history took an unexpected turn in 2018.
Seizure and Handover
The Indonesian government seized the yacht in 2018 as part of a multi-billion dollar corruption investigation linked to the Malaysian state fund 1MDB. After several months moored outside the main harbor of Bali, the yacht left for Batam before being handed over to Malaysia. The transfer sparked legal controversy, with Jho Low’s legal team condemning the move as politically motivated.
From Equanimity to Tranquility
In 2019, the Genting Group acquired the yacht for US$ 125 million, renaming it Tranquility. The Malaysia-based conglomerate, led by Lim Kok Thay, is renowned for its ventures in leisure and hospitality. However, the yacht changed hands once again in 2023, with Gabe Newell, Co-Founder of Valve Corporation, becoming the new owner.
Current Market Value
As of now, the Tranquility yacht has a value of EUR 150 million. It’s essential to note that the annual running costs stand at $15 million. The final price of a yacht is determined by various factors, such as size, age, level of luxury, and the cost of materials and technology used in its construction.
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.
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