A megayacht started in Italy and stalled for many months seems to be back on track, having been towed this week to Nobiskrug.
The steel-hulled megayacht, widely referred to by the code name M25, measures 247 feet (75.34 meters) and bears styling by Tim Heywood. Construction started at Cantieri San Marco, a mostly commercial shipyard in La Spezia, Italy. There’s quite a saga to her story. Construction suddenly ceased last fall. No official word was given as to why, though some newspaper reports claimed the owner had become dissatisfied with the progress. (Information publicly circulated within the megayacht industry about M25 during construction indicated that the megayacht was to be completed in 2011.) The owner reportedly sold his interest in the project to another person. M25 was removed from Cantieri San Marco under tow and was heading to an unknown location, presumably another megayacht shipyard, when additional news reports stated that Monaco Yachting & Technologies, which had represented the original owner, had M25 boarded and impounded in Gibraltar. Peter Landers, head of Monaco Yachting & Technologies, told The Sunday Times newspaper last October that the original owner changed his mind about the megayacht following the global recession’s impact. He also confirmed having M25 impounded.
M25 has been sitting in Gibraltar, where the photograph here was taken earlier this year, essentially since then. A few weeks ago, a tug boat arrived to remove her, again with no official word on her destination. Sources familiar with the megayacht’s situation tracked the tug boat’s AIS signal, which indicated a final destination of Rendsburg, Germany. While both Lürssen and Nobiskrug are located there, on April 24, M25 was towed alongside the Nobiskrug property.
We contacted Nobiskrug for comment on the megayacht project, but no one responded to our request. Regardless, M25, bearing a 44-foot (13.5-meter) beam, could realistically be completed if all goes well within a year’s time. Studio Massari hired by the original owner for the megayacht’s interior design, is still associated with her, according to information on the firm’s website. The project is listed as HALO, and a comparison of the rendering posted there against the profile of the megayacht in the photo shows that they match. No details are given on the design, though the initial decor was to be highlighted by a few waterfall features, since Studio Massari wanted a water theme to be evident throughout the yacht.
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