Italian Fast Ferry to be Refit as Worlds 4th Largest Yacht

An unnamed billionaire has just acquired the 146-metre fast ferryCapricorn, built by Fincantieri in 1999 and formerly operated by Tirrenia di Navigazione in Italy, with plans to convert it to the worlds 4th largest private yacht. The multimillion-dollar refit will involve adding six metres to its length for a total of 152 or 499 feet. It will then be considerably larger than the yachts currently owned by King Abdullah of Saudi Arabia, the Emir of Qatar, David Geffen and Paul Allen. Only Roman AbramovichsEclipse, Mohammed bin Rashid Al MaktoumsDubai and Sultan Qaboos of OmansAl Said will outrank it.

Capricorn was used from 19992011 by Tirrenia di Navigazione to ferry passengers on routes from Naples to places like Sardinia and Sicily. Capable of 30 knots, theCapricorn and its sister vessels proved unpractical or too expensive to operate and were offered for sale. Following the refit the new yacht will be capable of a blistering 40+ knots, making it not only larger but faster than most vessels in its class. She will be powered by four diesel engines and two gas turbines, which provide 95,000 hp. Speculation regarding the new owner is focused on an oligarch or oil sheikh.


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