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Feadship's highly secretive 103m superyacht Ulysses delivered

The highly secretive 103-metre Feadship superyacht Ulysses has now been delivered to her owner following sea trials in November. Formerly known only as Feadship 1011, she is owned by Graeme Hart, New Zealand's wealthiest man.

Ulysses had been kept tightly under wraps until she was spotted on transport from Feadship's Makkum site to its Amsterdam facility, marking the first time the yacht's distinctive clean lines and squared-off deck design had been seen since she hit the water in October 2023.

Dutch studio Sinot Yacht Architecture & Design is behind the exterior, and Feadship has said that the yacht's modern profile uses 1,100 square metres of exterior glass that culminates in twenty exterior sliding doors, twelve glass windbreaks and six-metre panels of glass along the main deck guest cabins.

Ulysses follows in the footsteps of famous yachts under the same name, including two Kleven -built explorers and the 74-metre CRN yacht Odyssey (now known as Andrea ).

The yard has said it was challenged to maintain many of the same elements as the owner's previous yacht of 6,000 GT, but condensed into a package of around half the size. Feadship also revealed that a two-tier engine room on a yacht of this size "is virtually obligatory", but the yard was able to maintain the engine room to just one deck to devote more space to guest areas.

Key features of the new build include a 15-metre-long tender garage, representing the largest shell door that Feadship has ever built. Elsewhere, the yacht is also home to four exterior hot tubs, a swimming pool that covers the entire height of the main deck and a helicopter hangar concealed in the foredeck. On the interior, the yacht has a glass staircase and elevator in the main atrium.

The yacht is an all-Dutch build, with naval architecture by Azure Yacht Design . The project is the fourth largest Feadship to be built to date, following the 118.2-metre Feadship 821 and Feadship 1010 , both currently in build at the shipyard, and the 110-metre Anna .

Ulysses is the 10th collaboration between Feadship and Sinot after teaming up on vessels such as Lonian and Aquarius .

“As a repeat client and Feadship fan who has built his own yachts in the past, the client had a very clear idea of what we are capable of and pushed the boundaries in terms of design and engineering,” said Feadship director and CEO, Henk de Vries. “He wanted to be part of the team, which ordinarily is something we try to avoid, but he was fully prepared to collaborate and our working relationship ended up being both friendly and fun!”

  Damen Yachting 's U-81 will serve as Ulysses ' support vessel.

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New Zealand's richest man Graeme Hart's new superyacht revealed after secretive construction

• Melania Watson

New Zealand's richest man's new superyacht has been revealed after weeks of speculation.  

Graeme Hart's 103m yacht was spotted in Amsterdam, featuring enough space for 20 crew and 18 guests.  

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His daughter, Gretchen Hawkesby, shared a collection of photos including herself, Hart and other family members on Instagram, while on a trip to Amsterdam for the boat launch.  

The freshly renovated, pristine white superyacht has been the subject of much speculation over the past month.  

Boat International revealed the yacht includes four exterior hot tubs, a swimming pool that covers the entire height of the main deck and a helicopter hangar concealed in the foredeck.   

On the interior, the yacht has a glass staircase and an elevator in the main atrium.  

"The yacht has maintained a single-deck engine room, which is no easy feat for a yacht of this size," Boat International reported.  

Formerly known as Feadship 1011, the yacht has now been named Ulysses.  

Boat International said the yacht was spotted recently in transport from Feadship's Makkum site to its Amsterdam facility.   

They described the yacht as having "distinctive clean lines" and a "squared-off deck design".  

Feadship revealed the yacht includes 1100sqm of exterior glass used in twenty exterior sliding doors, 12 glass windbreaks and 6m panels of glass along the main deck guest cabins.  

Ulysses is the same name as one of Hart's previous superyachts which he sold in 2017.  

The project is the fourth largest Feadship to be built to date, following the 118.2m Feadship 821 and Feadship 1010, both currently in build at the shipyard, and the 110m Anna. The superyacht is set to embark on sea trials later this year. 

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ULYSSES Yacht – World-class $250 Million Superyacht

The owner commissioned the extraordinary superyacht with Norway-based shipyard Kleven.

She features exterior designs from H2 Yacht Design and naval architecture Oscar Mike Limited and Marin Teknikk AS.

The fantastic explorer yacht was delivered in 2018, replacing the owner’s previous 107m superyacht, ANDROMEDA.

ULYSSES yacht interior

The striking interior of the ULYSSES Yacht features design from British company H2 Yacht Design .

ULYSSES has accommodation for 30 guests in 15 cabins across the expansive size of the yacht. The yachting experience is luxurious, with a crew of 48 accommodated in 24 cabin spaces.

She has five spacious decks and features a massive shaded pool area with a luxurious lounging area.

The ULYSSES yacht is loaded up with tenders, including a custom 21-meter Princess 68 yacht. She also features a helipad and hangar for her Bell 429 helicopter.

The helicopter is the perfect way to ferry guests on and off the vessel and explore the surrounding areas.

There is generous storage for large tenders, toys, and land vehicles. The Jacuzzi and sun pads are along the stern where guests can take in sweeping views.

ULYSSES features a large swimming platform that is the perfect spot for guests to relax beside the water and take a dip in the ocean.

The social areas are complemented by a wine bar, cinema, sauna, and a large gym for the many guests to make use of.

The exterior of the ULYSSES features rugged designs and was delivered to her owner in 2018.

The builder was Kleven Maritime AS from Norway and features naval architecture and exterior design from Oscar Mike Limited and Marin Teknikk AS .

Her imposing exterior features a dark blue hull in steel and a white superstructure in aluminum.

The incredible yacht has an impressive exterior that reflects the luxurious interior of the vessel. She was most recently refitted in 2020.

Specifications

The 116.15m ULYSSES has a beam of 18m and a draft of 5m. The vessel has a displacement of 6862 gross tons and a range of 8000 nautical miles.

She has 2 Caterpillar engines. Her top speed is 12 knots, and she reaches a cruising speed of 10 knots.

She is classed as an expedition vessel and is the largest expedition yacht in the world, overtaking LUNA Yacht’s position as number one. The $250 million superyacht has an annual running cost of $20 – $30 million.

ULYSSES in Gibraltar

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• Marin Teknikk

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Business Insider: Graeme Hart's superyacht Odyssey sold to Kiwi businessman, Bauer's magazine price, Phil Goff's tape measure

Billionaire Graeme Hart has sold one of his superyacht fleet, a 40-metre Princess called Odyssey. Photo/supplied

Stay up-to-date with The Insider, a weekly column featuring what's happening behind the scenes in business.

Mystery Kiwi buys Hart yacht

Billionaire Graeme Hart's $21.4 million Princess superyacht Odyssey has been bought by a New Zealand businessman.

The sleek 40.2-metre vessel has been in the Mediterranean but is due back in Auckland in the New Year, in time for America's Cup viewing.

Odyssey can accommodate up to 12 guests in five cabins, all with en suites, and seven crew. The cabins include two full-beam staterooms and a VIP suite featuring super-king beds with leather-topped bedside tables, and a spa bath and underfloor heating in each bathroom.

The highly specced vessel was built in the UK in 2015 and designed by superyacht expert Bernard Olesinski. The Fendi Casa interior oozes luxury, with walnut finishing, immaculate polished floors and lush carpeting.

The superyacht has generous lounge areas, formal dining for 10 inside and al fresco dining for 10 on the upper deck.

Outside it features multiple sun-deck spaces and a spa pool. The stern door drops down to create a teak-laid bathing platform at sea level, with access to a floating swimming pool. Toys stored in the garage include two tenders and a jet ski.

The Princess vessel, originally christened Anka and with a teal-coloured hull, was repainted dark blue after Hart bought it. The superyacht went up for sale last May with an asking price of $21.4m. Odyssey sold in November for an undisclosed price to a New Zealand businessman the Herald has agreed not to name.

Hart, 65, has made something of a money-making hobby in either building, or buying and refitting enormous superyachts in the past few years. So far he's owned three superyachts called Ulysses - a 57.6m vessel he renamed, and another two -107m and 116m - he had built in Norway. He also owned the 77m superyacht Weta.

He has another superyacht called Odyssey, originally named J'Ade when Hart bought it last year. The 57m vessel has undergone a refit at Whangarei and is now in the Bay of Islands.

Hart, New Zealand's richest man, owns private equity firm Rank Group, and global packaging, food and beverage giant Reynolds Group.

Mercury loving Kiwi mags

It's now four months since publicity-shy Mercury Capital took ownership of a portfolio of iconic NZ magazines previously owned by German multimedia company Bauer.

The Insider understands Mercury - chaired by expat Kiwi Clark Perkins - is very happy with the way the deal has turned out, having paid just $15m for the New Zealand titles.

This figure has never been released publicly, and sources close to the business say Mercury believes the investment has paid for itself already.

Since the end of the lockdown, magazines have returned to supermarket shelves and with it at least some of the advertising revenue that had dried up.

Mercury, whose directors include Sky TV founder Craig Heatley, has a secret weapon in that it also owns Blue Star Group, which includes Webstar - the printer of many Bauer titles - so it's making the most of it.

The New Zealand portfolio of magazines now trades under the banner Are Media and consists of flagship titles Woman's Day, New Zealand Woman's Weekly, and The Australian Women's Weekly NZ, along with home category leader Your Home & Garden, current affairs weekly NZ Listener and Air New Zealand's award-winning magazine Kia Ora. It also includes websites Now to Love, Homes to Love and Beauty Heaven as well as real estate publication Property Press.

Popular titles not included in the portfolio are North & South, now owned by journalists Konstantin Richter and Verena Friederike Hasel, and Metro, which was acquired by businessman Simon Chesterman.

Reports out of Australia have suggested the full portfolio across both sides of the Tasman set Mercury back A$50m - pocket change compared to the A$525m Bauer paid for the properties in 2012.

My consultancy is bigger than your consultancy

Auckland Council's reception lounge hosted an unusually corporate boasting match this week, as the mayor and councillors keenly measured the size of consultancies in a contest to prove that bigger is better.

The arena was the finance and performance committee where a usually pro-forma review of treasury policies had become charged after revelations the council's use of interest rate swaps to cap its cost of debt has seen its books take a $2.7b hit as interest rates trended - seemingly inexorably - downwards.

Bright-eyed PWC partner Alex Wondergem presented and gave evidence that the council's position was "vanilla", "very consistent with best practice", and its interest rate swaps were used "to provide certainty and security over outcomes".

Goff could not resist getting out his measuring tape: "I think PWC employs more than a quarter of a million people around the world, I'm not quite sure how many people Rodney Jones employs."

Economist Jones, and his Wigram capital, had appeared in the Herald the week prior arguing the council's ballooning swaps liability represented a "disaster" for ratepayers.

Councillor Chris Darby attempted to drag discussions away from crude size and back towards ideas, but made matters worse by describing Wigram as "quite a small provincial company of just four people".

For the record: Wigram is a macro advisory firm based largely in Auckland, and employs 15 staff including a number of data science PhDs who provided early modelling of Covid spread for the Beehive from January. Jones, it's founder, was until recently based in Beijing providing advice on the Chinese banking system and has tended to appear more in the pages of the Financial Times than the New Zealand Herald.

Goff trumpeted Wondergem's endorsement that showed "this is not a disaster, this is not incompetent, this is an orthodox - maybe a little conservative - way of managing your risks" and described the PWC partner's perspective as "a third-party independent expert view".

No mention was made, however, of Wondergem's position on the council's Treasury Management Steering Committee, having recently replaced fellow PWC partner Stuart Henderson. This steering committee was the very body which made the hedging decisions council was seeking assurances over.

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