PROJECT MASTER — Fraser official image 2

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Fraser's Project MASTER Listing Gives 2028 Delivery Despite 2027 Header

Sept. 29, 2026 Projects

Image: Fraser Yachts — official Project MASTER rendering; yacht under conversion

Fraser's listing for the 70m Project MASTER gives €99.5m as the asking price and describes delivery in 2028, while its summary field still shows 2027.

The current Fraser listing for the 70-metre explorer conversion Project MASTER gives an asking price of €99.5 million and says in its descriptive text that delivery is scheduled for 2028. The same page also shows a 2027 built-year field, so the two entries should not be collapsed into one confirmed completion date without a further yard update.

An explorer built from a commercial platform

Project MASTER began life as an offshore emergency-response and rescue vessel before the conversion programme at ICON Yachts in the Netherlands. Fraser now describes a 70-metre explorer with 2,801 GT and accommodation for twelve guests in six cabins.

The listing also provides space for twenty-five crew, reflecting an operating model suited to demanding long-range itineraries. It is a conversion project rather than a newly laid keel for a conventional series-built motor yacht.

The schedule needs a clear distinction

In the headline specification, the builder year appears as 2027, but the longer sale description expressly says delivery is scheduled for 2028. The body wording is an announced target and does not establish a completed owner handover in either year.

Fraser previously reported a technical launch in July 2025 after the first stage of conversion. The yacht then moved to ICON's indoor dry dock for outfitting, a stage that is distinct from final completion and formal delivery.

Hybrid systems support the expedition brief

The broker's specification describes hybrid diesel-electric machinery with five Scania generators and two electric Voith Schneider propulsion units. Fraser quotes a 6,700-nautical-mile range at ten knots, a design and operating figure rather than a verified passage report.

Other listed expedition facilities include a commercial helideck for a helicopter weighing up to 4.3 tonnes and Polar Code C certification. These systems are central to the conversion brief, not accessories that can be inferred from an unrelated explorer yacht.

The asking price is not a transaction

Fraser's €99.5 million figure is the published asking price for the unfinished project; it is not a reported sale consideration. The vessel's named design collaborators include Espen Øino for the exterior and Winch Design for the interior.

The official rendering illustrates the specific project, and the separate technical-launch photograph documents an earlier construction phase. Buyers tracking the programme should rely on an updated contract and shipyard milestone for final delivery timing.

Official sources: www.fraseryachts.com; www.fraseryachts.com. Historical delivery milestones and existing yacht-design features are identified as such, not presented as new events today.

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