Oceanco is a privately owned custom yacht builder, based in the Netherlands, that has been building full displacement yachts in the 80 m range since 1987. Since August 2025, it has been owned by Gabe Newell, an American video game developer and businessman.[1][2]
History
Oceanco was founded in 1987, when a group of South African private investors, led by then-CEO Richard Hein, began building yachts. The hulls and superstructures were built in Durban, South Africa. The yachts were then transported to various facilities in the Netherlands, where the finishing work took place.
In 2002, Theodore Angelopoulos took control of Oceanco. He embarked on a new building strategy focusing on the niche market of 80m+ megayachts and developed the "Y Generation" of Oceanco yachts, which included Amevi (Y701), an 80 m and Alfa Nero (Y702) 82 m.
In 2008, the 75.50 m Anastasia was launched[3] and in May 2009, the company launched the 85.47 m