Oceanco changes ownership

Barwani has interests in oil, gas, manufacturing, and minerals in Europe, the Middle East and Asia Pacific through MB Holding Company LLC as well as investments in various other diversified assets. Barwani is enthusiastic about his new venture and says, “I see Oceanco as a great brand. The company offers an outstanding growth opportunity as the world economy recovers. Oceanco’s order book is healthy and the business shows a strong balance sheet.”

Oceanco has been building megayachts since 1990 and, in 2000, the yard launched the 95m Indian Empress (ex Al Mirqab), its largest build to date. In 2002, under the leadership of its former owner, Oceanco escalated its market plan and started building innovative and technologically advanced yachts over 80m in length. Oceanco has the distinction of having built the largest yachts in Holland. Many of those launched over the last ten years appear on the world’s top 100 superyacht list. Furthermore, numerous Oceanco yachts such as Lady Lola, Amevi, Alfa Nero, and Anastasia, to name a few, have won prestigious design awards. Oceanco’s design offices are in Monaco and the shipyard is in Alblasserdam, Holland. The company works with a wide range of top international designers and naval architects.

Currently under construction at Oceanco are three motor yachts over 80m, a fourth is in the planning phases, and various other designs and proposals are on the drawing boards. Plans are underway for construction of a new shed that can accommodate yachts up to 110m in length.