September 24, 2013

Tenth-largest yacht in world docks in Portland

The Rising Sun, owned by billionaire David Geffen, has 82 rooms and cost more than $200 million to build.

By Gillian Graham ggraham@pressherald.com
Staff Writer

PORTLAND — The 10th-largest yacht in the world is berthed in Portland this week.

click image to enlarge

David Geffen's yacht Rising Sun came into Portland on Tuesday morning.

Gregory Rec / Staff Photographer

click image to enlarge

David Geffen's yacht Rising Sun is 453 feet long and reportedly cost more than $200 million to build.

Gregory Rec / Staff Photographer

The Rising Sun, a five-story, 82-room super yacht owned by billionaire David Geffen, arrived Tuesday morning at the Ocean Gateway International Marine Terminal. The yacht also was in Portland and Bar Harbor last September.

It is unclear how long the yacht will stay in Portland, said Nicole Clegg, spokeswoman for the city of Portland.

The Rising Sun is 453 feet long and reportedly cost more than $200 million to build. It has an extensive wine cellar, bathrooms with Jacuzzis, a private cinema and a basketball court that doubles as a helicopter landing pad, according to the yacht’s Wikipedia page.

The Rising Sun can accommodate up to 16 guests and 45 crew members, according to Superyachts.com.

The yacht was built for Larry Ellison, the CEO and co-founder of Oracle, an enterprise software company, according to Forbes.com.

Geffen, who bought the yacht from Ellison several years ago, is a record executive and film producer who started DreamWorks Studios with Steven Spielberg and Jeffrey Katzenberg.

Fred E. Gignoux, a Portland-based steamship agent and customs broker established in 1918, is acting as agent for the Rising Sun. Owner Justin Costello could not be reached for comment.

Last year, the Rising Sun was charged $2.10 per linear foot for each day it was berthed in Portland. Clegg said she expects the Rising Sun to be charged about $2,000 per day for berthing and amenities fees while it's in Portland.

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