The Italian yard began construction before the financial crisis but, after a period of hiatus, market conditions convinced them to proceed with the build on spec earlier this year. The S701 project will comply with LY3 and MCA standards.
Featuring exterior design by Francesco Paszkowski and naval architecture by Studio Ruggiero, S701 is slated for delivery in early 2018. In a statement, the yard added: "A true evolution of our successful first launch from last year, S701 will be a step up in terms of layout, luxury and finish."
Key differences from Suerte include an underwater exhaust, which has allowed the Tankoa Yachts team to create a more open main deck and sundeck. The transom area has been modified with a side staircase instead of the central staircase on Suerte, and the hull has been fitted with longer skegs. These changes should result in a longer waterline and a higher top speed of around 17.5 knots.
The hull and superstructure are complete and the Tankoa team has started running pipes and wiring at its Genoa facility. Just like its sister vessel, S701's propulsion will come from a pair of 2,480hp Caterpillar 3516B diesel engines.
The 160,000 litre fuel capacity will result in an estimated cruising range in excess of 6,000nm at 12.5 knots. Zero-speed stabilisation will come from two pairs of Naiad Marine VTNM620 fins, while the electrical system includes a pair of 230kw Northern Lights generators.