QUICK SUMMARY
The superyacht MY Octopus, measuring 126 meters, has docked in Cairns, enhancing the city's status as a superyacht destination. Built in 2003 for $200 million, the yacht can travel 12,000 nautical miles on a single tank, benefitting local businesses with potential economic impacts reaching millions.
MY Octopus, the largest superyacht to enter Australian waters, has docked at Marlin Marina in Cairns, bolstering the city's reputation as a superyacht hub. Built in 2003 at a cost of $200 million, the yacht can travel 12,000 nautical miles on a single tank of fuel, which holds about one million liters. Local businesses are poised to benefit from the presence of up to 50 crew members, with potential economic impacts estimated in the millions if the yacht remains for an extended stay. Ash Sinha, Ports North operations general manager, emphasized the opportunity for local hospitality industries. Among its many features, MY Octopus includes an internal marina, twin helicopter pads, and a dive center. The yacht was initially built for Microsoft co-founder Paul Allen and is known for its luxurious accommodations and exploration capabilities. Another superyacht, Liva O, recently spent time in Cairns, highlighting the area's growing significance in the luxury yacht market. The continued influx of superyachts represents a significant boost for the local economy.