A new 55m (180ft) luxury phinisi superyacht called Prana started charter operations in Indonesia last week for its owner, the Ibiza-based boutique hotel brand Atzaro. Construction of the traditional wooden vessel was supervised by Bali-headquartered marine services and consultancy firm, Yacht Sourcing.

Yacht Sourcing is working alongside Atzaro to manage Prana, as well as operating it and sharing in marketing. For the past 21 months, Yacht Sourcing has managed the build of the yacht, which was expertly hand-crafted in Bira, Sulawesi.

Prana is the largest phinisi yacht in Indonesia by volume but is smaller in length than the longest, the 65m (213ft) Lamina, which is a traditional-styled schooner. Prana’s 18-strong crew were also trained by Yacht Sourcing.

Until now, Atzaro was a brand that was exclusively based in Ibiza where it operates a boutique hotel, villas, a Cranchi charter yacht and a design company.

Prana was constructed of ironwood and teak using time-honoured techniques. The two-masted phinisi yacht took 21 months to complete, from the laying of the keel, hull and bulkheads to finishing the superstructure, decks and soft furnishing. She was launched last month. No value for the investment in Prana has been made known nor whether, if she is a success, other similar craft might be built.

Prana boasts nine ensuite cabins over four decks, providing space for 18 guests. She also has a yoga terrace, numerous indoor and outdoor living and dining spaces, a dedicated spa, a watersports platform and a cinema under the stars. She has undertaken her maiden voyage from Bali to Labuan Bajo in Flores and is now available for sailing, diving or retreat charters through Indonesia’s exotic Eastern destinations, including Komodo National Park, the Banda Islands and Raja Ampat.

For Yacht Sourcing, Prana is its biggest project to date. A spokeswoman told IBI: “We are now working on a new 50m project, which will be completed in 2019.”

Regarding the phinisi market in Indonesia, she explained: “The market is definitely growing as the luxury yachting scene grows in South East Asia. In terms of type, Prana is a phinisi, while Lamima is a schooner, but both are wooden traditional yachts.”

Yacht Sourcing was formed some years ago to deliver professional services to the growing number of yachts and superyachts visiting Indonesia. This market has strong ambitions to grow its marine tourism market and superyachts are a key part of this strategy.