
(Photo: Burgess Yachts)
The yacht with ties to the Cold War
Most yachts have unique histories but one yacht named Olivia holds history with ties to Russia during the Cold War era. The 226-foot yacht donning the name Olivia wasn’t always a yacht and was in-fact a Russian Navy spy ship that was commissioned during the Cold War in 1972.
This vessel was originally built as a commercial boat in Finland to later be commissioned as a ship for military operations to allegedly survey the seabed but is thought to actually be a spy ship. This vessel was built with the highest ice-class rating that was designed to endure traveling through the toughest conditions with a 15,000-mile range.
More yacht owners are looking into vessel options that can endure more tough conditions, allowing them to travel to places that are less accessible to standard vessels. The project to transform a Cold War spy ship to a yacht started in 2008 with a four-year conversion project with the help of two shipyards for the interior and hull work.
The current owner of Olivia purchased the yacht in 2010 and converted the ship’s original office into a fifth guest cabin. This yacht provides a happy medium balancing function with comfort for the owners that have traveled in Olivia around the world including Southeast Asia and the Caribbean.
Olivia was also one of the first yachts to travel to Cuba after the travel ban and yachting restrictions lifted in 2017. Olivia features a standalone cabin on the jacuzzi deck with an upgraded state-of-the-art bridge.
Olivia features a minimalist Scandi-style interior design theme with solid Rosewood that brings a woody aroma through the yacht with the owner’s prominent art collection for a pop of color in a neutral color palette. The main deck lounge features everything to host any activity including a 12-person whirlpool Jacuzzi, pop-up cinema screen for movie night, and plenty of lounge furniture.

(Photo: Burgess Yachts)
This vessel also features an outdoor lounge that was originally an observation deck that they call The Monkey Lounge. The flybridge of the yacht refers to the naval term “monkey island” for the place that is located at the top-most accessible deck above the bridge.
This yacht is actually on the market with Burgess Yachts for $27.2 million. This yacht offers the luxury of a yacht but the strength of a military vessel.
-
Two very different parts of the financial market moved higher this week. Global oil prices climbed to their highest...
-
The Federal Reserve’s July meeting minutes have given investors a clearer look at what policymakers are thinking about inflation...
-
Oil prices jumped sharply on August 10 as uncertainty surrounding shipping through the Strait of Hormuz returned to the...
-
The first week of August brought a fresh wave of attention to India’s economy. The Reserve Bank of India...
-
Global financial markets experienced fresh movement as oil prices climbed, Treasury yields shifted, and investors looked for stability following...
-
South Korea took swift action on July 21 to address recent volatility in its currency markets. The Korean Won...
-
The Bank of Canada (BoC) has decided to keep its benchmark overnight interest rate steady at 2.25% for the...
-
The U.S. dollar surged in early July as investors sought safety amid ongoing geopolitical tensions in the Gulf. The...
-
As the United States prepares to celebrate Independence Day, financial markets take a pause. In 2026, the holiday falls...
-
The Japanese yen has fallen to its weakest level against the U.S. dollar in nearly four decades, marking a...
-
Global stock markets experienced a wave of optimism following the announcement of a diplomatic breakthrough aimed at stabilizing key...
-
For months, many investors hoped inflation would continue cooling and open the door for interest rate cuts from the...