J.P. Morgan's Corsair IV

When J.P. Morgan Junior took delivery of the Corsair IV  in 1930, she was the largest and most luxurious private yacht ever built in the USA. Morgan used her for a decade, mainly on the East Coast and in the Caribbean, before gifting her to the British Admiralty to help with the war effort.

After WWII she re-entered service as a cruise ship, plying routes in Alaska and from Long Beach California down to Mexico. The photo below shows her in Vancouver, 1948. Less than a year later she struck a rock and sank in shallow waters off Acapulco.

The story began in 1882 when J.P. Morgan Senior, one of the world's richest men and an avid yachtsman, bought the 185-foot steamship Corsair. He then commissioned the bigger, faster and more luxurious Corsair II  (which the US Navy conscripted into service as a gunboat during the Spanish-American War) and the 304-foot Corsair III,  a superyacht that featured a full-beam library, cases of wine and brandy, and humidors stocked with Cuban cigars.

Each of these three yachts generated great publicity, but media attention was particularly intense when the Corsair III was launched in 1898. It was at this time that Morgan made one of the most famous comments ever recorded. When a journalist asked him how much it would cost to operate a yacht of this size, Morgan replied:

The Corsair IV

The Corsair IV was commissioned by J.P. Morgan Junior and built at Bath Iron Works, Maine. When she was launched in April 1930 she measured 343 feet in length and was the largest private yacht ever constructed in the USA. Nicknamed the "Princess of the Sea", she was an object of beauty with her black hull, clipper bow and elegant teak interiors. Morgan adored her, and reveled in the privacy she afforded him. One of his annual guests while cruising in Europe was the UK's Archbishop of Canterbury, and on one memorable occasion the two of them sailed across the Mediterranean to the Holy Land.

Following the outbreak of WWII and the Japanese attack on Pearl Harbor, most privately-owned yachts in America were requisitioned by the US Maritime Commission and converted for use as gunships or patrol boats. For reasons which aren't entirely clear, Morgan gave the Corsair IV not to the US Navy but to the British Admiralty. Based in Bermuda, she served out the war as a patrol ship in the Western Atlantic.

Life as a Cruise Ship

After the war there was a dearth of cruise ships on America's West Coast. Many of the great Canadian Pacific and Japanese liners that serviced this coastline in the 1920s and 1930s had been lost in sea battles or fallen victim to mines. To plug this gap, the Pacific Cruise Lines company was formed in 1946 and promptly snapped up J.P. Morgan's Corsair IV. The yacht was re-named Corsair and taken to Canada to be converted to a luxury cruise liner.

With accommodation for 82 passengers and a crew of 76, the new Corsair exuded luxury. Staterooms were not only bigger and better equipped than rival ships, they were fitted with carpets and air-conditioning (almost unheard of at the time), and included furnishings made from the finest materials. The Corsair debuted in September 1947, offering two-week cruises from California to Acapulco. Ticket prices were high, but in booming post-war America, so was the demand.

The Corsair was a great success. Her cruises sold out well in advance and her popularity exceeded anything her new owners had imagined. Before long she switched from Mexico to Alaska and became the first ship to offer luxury cruises to the Inside Passage. Soon after she reverted to Mexico, the Panama Canal and across the Caribbean to Havana. And then tragedy struck: in November 1949 the Corsair hit a rock off the coast of Acapulco and sank. Fortunately none of her 55 passengers or crew were harmed.

Made in China: the Nero

In the early years of this century, British entrepreneur Neil Taylor began hunting for a classic yacht to restore and re-model along the lines of the Corsair IV. When he couldn't find what he wanted, Taylor set up his own company, Corsair Yachts, and commissioned a near replica of J.P. Morgan's yacht from Yantai Raffles Shipyard in China. Launched in 2008, the sleek, black-hulled superyacht was christened Nero. The following year she triumphed in the "Best Motor Yacht Over 75 Metres" category at the ShowBoats Design Awards.

In 2014 the Nero was bought by Irish billionaire Denis O'Brien. Two years later he had her refurbished in Spain, requesting that she be brought up to European standards and given a classic, contemporary elegance. The Nero is now available for summer charters in the Mediterranean and winter service in the Caribbean & Bahamas. Since her introduction to the charter circuit she has won praise for her fusion of old-world charm and tasteful styling, with many clients commenting positively on her spacious interiors, Ralph Lauren decor and relaxed living environments.

Pinnacle Marine New Zealand

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