An expedition support vessel, hull No. 366, was launched late last month from the Kleven Verft shipyard in Ulsteinvik, Norway.

The 353-foot superyacht, named Ulysses, is owned by New Zealand billionaire Graeme Hart — considered to be New Zealand’s richest man — who paid an estimated $50 to $70 million for his toy.

Ulysses is designed for long expeditions in rough waters with a luxury experience, according to a local news report. It comes equipped with a helicopter deck, hangar, swimming pool, hot tub and accommodations for 60 people.

Click here to see the dramatic launch.