Australian billionaire James Packer's superyacht Arctic P in Dunedin yesterday. Photo by Stephen Jaquiery.
The superyacht Arctic P is docked in Dunedin - but
whether its billionaire owner Australian businessman James
Packer (46) is on board remains a mystery.
Port Otago commercial manager Peter Brown said a port pilot
navigated the billionaire's vessel into Dunedin Harbour
yesterday afternoon. He declined to comment on whether Mr
Packer was on board.
Forbes magazine reports Mr Packer, the son of the late
media mogul Kerry Packer, inherited the boat and business and
shifted investments to focus on the gambling industry, mainly
The magazine estimated Mr Packer was the third-richest person
in Australia with an estimated wealth of $NZ8.01 billion, as
of last month.
The Arctic P was moored at the Fryatt St wharf in
Dunedin yesterday and temporary fencing was erected to
restrict access. A ship's agent told the Otago Daily
Times it was not welcome near the superyacht. Superyacht
magazine Boat International has ranked the boat the
fifth-best expedition superyacht in the world.
''Arctic P was built in 1969 in Bremerhaven, Germany,
as an ice-classed, ocean-going tug for the Bugsier Towing and
Salvage Company. Her length of 87.5m made her Germany's
largest tug. She was converted into a yacht for the late
media baron and casino owner Kerry Packer, formerly
Australia's richest man.''
The New Zealand Herald reported last year that the
superyacht - the 50th largest yacht in the world - had been
in Auckland for an expensive refit.
It is expected to leave Dunedin this afternoon.