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Serene: Inside the former largest yacht built in Italy

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BEAM Staff
April 2, 2018

Grabbing headlines across international media upon her sale to Saudi Arabia's Deputy Crown Prince in July 2015 for $458 million according to Yacht Harbour, the 134-meter Serene remains one of the most impressive yachts on the water.

The largest superyacht built in Italy at the time of her launch in 2011 and the first ever built by Fincantieri, Serene features an extensive salt-water swimming pool, supersized hot tubs, a sauna with a sea view and a fully operational helipad amongst her many amenities. 

Serene was the 9th largest yacht in the world, barely topping the Emir of Qatar's 133-meter Al Mirqab and outdone by David Geffen's 138-meter Lurssen, Rising Sun at the time of her delivery. For the state-owned Italian shipyard, Fincantieri, Serene was, however, the first yacht the company ever built, having primarily focused on commercial ships before.

Now the world's 15th largest yacht, Serene turns heads anywhere she goes, not only due to her giant-like size, but also her exterior lines drawn by Espen Oeino and series of innovations in the interior. She was originally built by Russian billionaire and vodka tycoon, Yuri Scheffler.

Whereas it is unknown how much exactly Scheffler spent building the 134-meter Serene at Fincantieri, it is widely believed in the superyacht sector that the vessel was sold at a profit by Scheffler to the Saudi Arabian deputy crown prince. As revealed by media as part of the Paradise papers, Serene was sold for €420 million.

Stretching over an 18.5 meter beam, Serene features no less than seven swimming pools. The most visible of these is the top-deck Jacuzzi surrounded by lounging pads for sunbathing. Forward of the hot tub is a fully-stocked, wet bar underneath an observational deck that features an additional set of sun loungers, another spa pool and two more Jacuzzis can also be found there.

Each space on Serene is detailed with its own set of distinctive colours to help guests navigate the 134-meter yacht. Its formal dinning room sits up to 24 guests across two large dinning tables that can also be extended for larger banquets. Up the stairs from the dinning room is a piano lounge where guests can relax before or after dinner.

The 134-meter yacht can carry a total of 24 guests across 12 staterooms divided into one master suite with essentially an owner's deck, a VIP cabin, three twin cabins and seven double staterooms. Serene carries a crew of over 40 people onboard. Prior to the yacht being sold to the Saudi Arabian crown prince, Serene was made available for charter to select guests by Scheffler. These have included Microsoft founder, Bill Gates, who reportedly chartered Serene at a price tag of $5 million per week during the summer of 2014.

Perhaps the most unique space onboard Serene is her swimming pool located aft of the main deck under a retractable glass roof. Up on the main deck, this opening can be closed with glass panels and is surrounded by lounging areas. One of the most advanced swimming pools ever built on board a superyacht, it is the key element of the beach club that stretches for a large portion of the yacht's lower deck.

Serene's beach club facilities, however, do not stop just with its pool. The superyacht features a full-sized spa with a sauna room with glass doors looking out onto the sea through a foldable platform. Next to the sauna are a hammam as well as a snow room. 

Currently valued at $1,6 billion by Forbes, Yuri Sheffler made his fortune in the alcohol business. Venturing into business in 1993, Sheffler made a series of moves that got him the rights to brands of vodka such as Stolichnaya, which was previously owned by a state-owned corporation. This has put him at the center of long litigations with the Russian government over the ownership of the brand.

Having left Russia for Switzerland and the United Kingdom during the early 2000s, Sheffler is currently the main shareholder in SPI Group, a conglomerate that sells alcohol under 380 brands in 160 countries. Earlier this year he acquired an estate in Scotland at an asking price of £25 million.

In 2014, Fincantieri launched its second megayacht, the 140-meter Ocean Victory which was commissioned by another Russian oligarch, Viktor Rashnikov, whose net worth is estimated at $4.8 billion. Prior to its launch in December 2014 however, Fincantieri was ordered to pay €20.9 million to Serena Equity Limited (the company controlled by Shefler that owned Serene) by London courts.

Shefler's main claim was that Fincantieri had used Serene, on which the billionaire says he holds intellectual property, to develop Ocean Victory which he says is a near sistership. In fact, both superyachts boast an exterior design by Espen Oeino and seem to have similar technical characteristics. 

As such, English courts have granted Shefler €13,2 million for the violation of his intellectual property and €7.7 million for late deliveries, which were to be paid by Fincantieri where the Italian government holds a 70% controlling stake. Fincantieri, however, filed a motion in Trieste's Court of Appeals in 2015 to dismiss the fact that London's ruling applied.

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