808 Oahu Realtor (Ryan Riggins) License #RS-74740

Our way of spreading the word with Real Estate News

Leave a comment


A $300 million super yacht with a stairwell banister worth $60,000 and bath knobs costing $40,000 each has berthed at Honolulu Harbor.

Norman Cheu, owner of Norko Marine Agency, said the boat, whose arching hull reminds him of a submarine, is the most impressive vessel he’s seen in 30 years as a ship agent in Hawaii.

“I was awestruck with the design,” said Cheu, who boarded the vessel, called “A,” after it arrived at Pier 11 in Honolulu Harbor on May 23. “There was a number of people, state employees actually, standing on the pier watching them come in.”

Cheu, whose company is representing the boat while it is in Hawaii, and immigration officials boarded the vessel by a gangway and were ushered into a room to process those onboard in about one hour.

“During that time we were just working,” he said by phone. “Basically, it was just to take care of business.”

Cheu didn’t get a tour of the boat and never met its owner, Russian billionaire Andrey Melnichenko, 42, who amassed his wealth in energy and fertilizer. He said to protect his client’s privacy he couldn’t say whether the owner is onboard.

Melnichenko named his yacht A after himself and his wife, supermodel Aleksandra Nikolic.

The state Department of Transportation said the 394-foot A is taking up two piers, a cruise ship terminal and an all-purpose pier. The department said the vessel’s owner is paying rent for both piers.

The department couldn’t immediately provide the vessel’s cost to berth in Honolulu Harbor.

Cheu declined to say where the yacht had come from and where it will head to next. He said he didn’t know when it will depart.

Designed by Philippe Starck of France, Motor Yacht A was launched in 2008 from a shipyard in Kiel, Germany. Its port of registry is Hamilton, Bermuda, and it has a crew of 37.

According to the Wall Street Journal, it has 24,000 square feet of interior space, including a 2,500-square-foot master suite surrounded by bombproof glass. Six guest staterooms have movable walls so they can be configured into four larger suites.

Living space on A, which can accommodate 14 guests, is therefore at least 23 times larger than an average two-bedroom apartment in Honolulu.

The interior design is dominated by mirrored surfaces, Baccarat crystal and animal hides.

There are a helipad and a swimming pool on the forward deck, and two more pools toward the stern, one of which has a glass bottom and can be viewed from the below-deck entry hall/discotheque.

Cheu said his company, which represents a variety of maritime vessels docking around the islands, arranges services for the vessels while they are docked. He said that no work has been scheduled for the A while in Hawaii.

Chronicles of the boat drew a few onlookers to the pier.

Blake Blackman of Honolulu pulled into a parking lot along Nimitz Highway to take photos of the luxurious vessel with her friends.

“It’s beautiful,” she said, but added that it wasn’t as lavish as she expected. “This one doesn’t really blow my mind for it to be that expensive.”

Bought for $323 million, A is the fifth most expensive luxury purchase of all time, according to research firm Wealth-X.

On the same list, published in December, Larry Ellison’s $500 million purchase of Lanai in 2013 ranked second. In first place was Azzam, the world’s largest private yacht at 590 feet long, delivered in 2013 to United Arab Emirates President Khalifa bin Zayed Al Nahyan for $627 million.

But A didn’t break the bank for Melnichenko, who has a current net worth of $12 billion, according to Forbes.

A also has twin high-speed diesel engines that deliver 24,000 horsepower and can move the boat about 27 mph. Fueling the mega-yacht costs more than $500,000, according to the Wall Street Journal.

According to a 2010 Wall Street Journal article, Melnichenko spends weeks at a time at sea. He spent several months in the Mediterranean in 2009. In 2010 it was the Caribbean.

Cheu said this is the first time that A has visited Hawaii.

For a video tour, go to the Wall Street Journal at on.wsj.com/1kPwKa4.


Article by Star Advertiser.

Author: Ryan Riggins (RA)

Born and Raised on Oahu my approach to the real estate business is different than most agents working in the industry today. The average agent sells fewer than 7 homes a year while attempting to manage every aspect of the business all by themselves. This approach allows them very little time working directly with buyers and sellers because they are so overwhelmed with all the busy work that is required behind the scenes. My system allows me to spend 90% of my time working directly with clients who want to buy and sell real estate today and in the very near future. Here at John Riggins Real Estate we have been helping families move since 1977. We specialize in the Aiea to Kapolei area but not limited to Ewa Beach area. To see all the great ways we help buyers and to view what differentiates us from the typical realtor in the area, visit http://tinyurl.com/clientsuccessstorys Because of Ryan's Military Relocation Expertise, Ryan's success revolves around that same simple principle his Mother and Father instilled in him; serving those who serve our country. His track record shows that he puts his clients first and in a high paced market, he is making VA loans work for our soldiers, sailors, airmen and marines. With previous clients ranging from E-5's to 04's, Ryan is ready and willing to make sure all those who have served our country, have every opportunity to own their piece of it. For the majority of people the purchase or sale of a home is their largest single investment. My goal is to guide you successfully and easily through the contractual, investment, and emotional decisions involved in the Real Estate process. I am committed to providing you, your family and your friends with superior service and expertise and to make it the most memorable purchase of your life.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s