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MEGA YACHT, SUPER YACHT OR GIGA YACHT? WHAT TO CALL THE WORLD'S LARGEST YACHTS

There is no looking away when a large luxury yacht sails into view. the biggest super yachts in the world will always mesmerize and intrigue us, whether we are gazing at them from land or sea. but what to call these most expensive super yachts in the world there are no solid definitions when it comes to deciding if a boat is a super yacht, a mega yacht, or a giga yacht. or is that big boat just a yacht there is some general consensus on terminology, however, and several factors come into play when attempting to define the largest yachts in the world:.

IN THE TIME BEFORE SUPER YACHTS

Maritime history places private yachting in existence as early as the 1600s. At that time, boats began to be used occasionally as recreational vessels, rather than just as work boats. Later, private citizens, not just royalty, eventually began to own their own boats. These were separated from functional craft and the word "yacht" came into play.

LENGTHS OF A SUPER YACHT, MEGA YACHT, AND GIGA YACHT

A boom in large yacht construction blossomed around the time of the Industrial Revolution in the United States. As this era of wealth grew for family names such as Carnegie, Rockefeller, Morgan, and Vanderbilt, so did interest in the luxuriousness of these yachts, which they often saw as an extension of their family mansions. Since these boat owners were seldom mariners themselves, they hired crew to help run these vessels. The largest of these large boats of the time were considered yachts.

The length overall of a boat - for both powerboats and sailboats - is the first clue to how it is named in the yacht-industry nomenclature. Many maritime businesses will use the term super yacht for vessels at least 80 feet (24 meters) in length, while some consider super yachts to be a minimum of 100 feet in length (30 meters).

Many people use the terms super yacht and mega yacht interchangeably, while others believe a mega yacht starts at 200 feet (60 meters). There is also some consensus that an extremely high level of service from the onboard crew can bump a superyacht into the megayacht realm.

But as the largest of the yachts continue to grow in length, even the term mega yacht seems insufficient. Faster than the largest yacht in the world can be crowned, plans are already drawn up to exceed its length.

Should the largest, nearly 600-foot-long yacht fall into the same naming category as the 200-foot yacht? Probably not. For this reason, many more in the maritime industry will put the largest of the large luxury yachts into the giga yacht group. Similarly, the immense vessels that are still in the idea/discussion phase are called giga yacht concepts.

MEGA YACHT REGIONS

There are informal regional trends when it comes to naming the largest of the super-, mega-, and giga yachts. Although English is the primary language in much of North America and Europe, English can seem like two different languages when comparing London with New York. This is also true with yacht terminology.

Often the European yachting industry uses the term superyacht (or super yacht) while the United States more frequently uses the term megayacht (or mega yacht). As the yacht industry continues to grow, the use of super to describe a large, luxury yacht seems to be more predominant worldwide.

SUPER YACHT LEGALESE

Another factor that helps define boats is the legal aspect as described by several maritime groups. Whether the boat in question is the smallest rowboat, dinghy, or tender, or the biggest boat in the world, international and local regulations hold a few clues.

One international governing body is the Maritime and Coastguard Agency (MCA) based in the United Kingdom. This British agency legislates and guides the maritime industry with national and international support and has been a leader in internationally recognized definitions.

According to the MCA's Large Commercial Yacht Code's definition, "Large means 24 meters and over in load line length and the Code of Practice applies to yachts which are in commercial use for sport or pleasure, do not carry cargo, and do not carry more than 12 passengers."

MEGA YACHT CREW

The presence of hired crew onboard definitely lends itself to referring to a boat as a yacht. As soon as captain, engineer, purser, deckhand, bosun, stewardess, stew, and chef are in uniform and on duty to serve the owner, the tendency is to use the term yacht in any form, whether a super yacht, a mega yacht, or a giga yacht.

So, with no "official" rules in play, you can use your own judgement and preference when calling a vessel, a boat, a yacht, a super yacht, a mega yacht, or a giga yacht.

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What differentiates a yacht from a superyacht or a mega yacht?

Yachts are an ultimate symbol of luxury, style, and sophistication. These sleek vessels take passengers on journeys through the seas, with all the amenities of a luxurious hotel. Yachts come in three categories- Yachts, Superyachts, and Mega Yachts- each with its own distinct characteristics and features.

Main differences between a yacht and a boat

One of the major difference between a yacht and a boat is the size. Generally, a yacht is a larger vessel that can accommodate more people and offer more space for comfortable living. On the other hand, a boat is smaller and may have limited space. Yachts usually come with luxurious amenities such as upscale furnishings, state-of-the-art equipment, and top-notch technology. 

Another significant difference between yachts and boats is the purpose of use. A yacht is mostly used for pleasure cruising and traveling over long distances, while a boat is typically used for fishing, water skiing, or as a means of transport. Yachts are known to have better stability and are therefore ideal for traveling long distances and in choppy waters. 

In terms of performance, yachts are designed to be faster and offer a smoother ride, thanks to their size and more powerful engines. They can travel at higher speeds for longer periods, making them suitable for longer trips. Boats are typically not as fast or efficient and may require some upgrades to increase their performance.

Features and Comfort are required to be called a Yacht

When it comes to distinguishing between boats and yachts, size is not the only determining factor. A yacht should provide a level of luxury and comfort that goes beyond basic functionality. Some of the key features that are expected in a yacht include top-of-the-line engines, advanced navigation technology, and spacious living quarters.

In terms of comfort, a yacht should be equipped with luxurious amenities such as high-end furniture, plush bedding, and state-of-the-art entertainment systems. It should also offer ample space for entertaining guests, whether that means a large sun deck for hosting cocktail parties or a spacious dining area for serving gourmet meals.

When it comes to cruising, a yacht should offer a smooth ride even in choppy waters. This requires a sturdy hull design, advanced stabilizers, and powerful engines that can propel the vessel through the water at high speeds.

In addition to these features, a yacht should also offer a high level of customization options. Owners should be able to personalize the interior design to meet their individual tastes, and there should be ample storage space for their personal belongings.

What’s the Minimum Length of a Vessel to be called a Yacht

Megayachts are the epitome of luxurious travel on the open seas, and they boast an extensive range of features and equipment that are unmatched in smaller vessels. One of the most prominent features on a megayacht is its massive size, which allows for the inclusion of multiple decks complete with swimming pools, sun loungers, and even outdoor cinemas. These yachts are also equipped with top-of-the-line entertainment systems, including state-of-the-art sound and video equipment, as well as high-speed internet connectivity. But it’s not just about the entertainment; megayachts also come equipped with facilities like helipads, submarines, and jet skis, enabling travellers to access areas that are typically inaccessible by sea. Additionally, the interior design of megayachts is simply breathtaking, featuring opulent lounges, spacious cabins, and world-class dining and cooking facilities.

Read also: Explore the World’s Most Extravagant Superyacht Swimming Pools

The Giga Yacht: is it really a thing?

1. Sailing Yacht A – Measuring 469 feet, Sailing Yacht A is the largest sailing yacht in the world. Designed and built by Nobiskrug, this yacht boasts an innovative design featuring multiple decks, a unique glass-bottomed viewing area, and a high-tech navigation system. The yacht’s interiors, designed by Philippe Starck, are equally impressive, with multiple swimming pools, a large spa, and sophisticated lighting systems.

2. Eclipse – Owned by Russian billionaire Roman Abramovich, Eclipse is one of the largest superyachts in the world, measuring 533 feet. It boasts a sleek and modern exterior design created by Blohm + Voss. The yacht features a plethora of luxurious amenities, including a swimming pool, several hot tubs, a cinema, a gym, and even a submarine.

3. Seven Seas – The 282-foot-long Seven Seas, owned by billionaire Steven Spielberg, was built by Oceanco. The yacht features an understated yet elegant exterior design and luxurious interiors designed by Nuvolari Lenard. One of the unique features of Seven Seas is its infinity pool that can be transformed into a helipad.

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10 Yachts with Jetski available for Charter for an Unforgettable Voyage

A sleek black yacht that just launched is now the world's largest superyacht. Take a look at the 600-foot vessel owned by a Norwegian billionaire.

The world's largest superyacht, a 600-foot vessel owned by a Norwegian billionaire, just launched in Romania .

• The REV Ocean was designed to carry out scientific research expeditions with the goal of safeguarding the oceans.
• It will also be available to charter to help support the costs of the scientific research missions.
• A publicist for the REV Ocean said the vessel's billionaire owner, Kjell Inge Rokke, would also use the yacht but pay to rent it like any other customer.
• The REV Ocean dethroned the 590-foot Azzam , which held the record of largest yacht in the world for six years.
• Visit Business Insider's homepage for more stories .

The REV Ocean dethroned the 590-foot Azzam , which held the record for largest yacht in the world for six years.

Unlike most superyachts, the REV Ocean wasn't designed only for luxury cruising. It was built to be a research vessel, carrying out scientific expeditions with the mission of safeguarding the world's oceans.

The yacht will, however, be available to charter to help support the cost of its scientific missions, a publicist for the REV Ocean told Business Insider.

The REV Ocean, which is on its way to Norway to be outfitted, is set to be completed in 2020.

Take a look at the record-breaking 600-foot superyacht.

At 600 feet (182.9 meters) long, the REV Ocean is the world's largest superyacht.

It dethroned the 590-foot Azzam, which held the record for more than six years.

After 18 months of construction, the vessel was lowered into the water at the Vard Tulcea shipyard in Romania on August 24.

The REV Ocean was commissioned by the billionaire Norwegian businessman Kjell Inge Rokke .

Rokke is worth an estimated $3.3 billion.

He owns almost 67% of Aker, a publicly traded shipping and offshore drilling conglomerate, according to Forbes .

Rokke also started and funds a nonprofit foundation, also called REV Ocean, that's dedicated to safeguarding and preserving the oceans.

The Norwegian businessman is one of more than 200 wealthy people who have signed the Giving Pledge , promising to give away at least half of their fortune to charity.

The REV Ocean had "an extensive and complicated build period," according to the foundation.

The yacht was designed by Espen Oeino , who has designed some of the world's most famous yachts , including the late Microsoft cofounder Paul Allen's 414-foot Octopus.

The REV Ocean was built to be a scientific vessel in addition to a cruising yacht. REV stands for Research Expedition Vessel.

According to the REV Ocean foundation , scientists can use the superyacht for research into plastic pollution, unsustainable fishing, and the impact of CO2 emissions on the ocean.

"REV Ocean will strive to fill critical knowledge gaps, develop innovative solutions, and bridge science, business and policy sectors to achieve positive change," the foundation said.

The REV Ocean will be able to hold 55 scientists and 35 crew members, the foundation says.

The vessel's onboard equipment will include "scientific trawls, sonar systems, laboratories, auditorium and classrooms, moonpool, AUV and submarine, an ROV with 6000 meters depth capacity, and advanced communication equipment."

The superyacht will also be available to charter to help fund its scientific missions.

Rokke will also use the yacht, but he'll pay to rent it like any other customer, said REV Ocean's communication manager, Lawrence Hislop.

"The primary focus, branding, and emphasis, however, is on science," Hislop told Business Insider.

As a charter vessel, the REV Ocean could carry 28 guests and 54 crew members.

According to its website , the superyacht will be available for "private individuals, companies and institutions seeking to improve their awareness of the ocean."

The price hasn't been finalized, but REV Ocean is negotiating a contract with a yacht-chartering company, Hislop told Business Insider.

Next, the ship will go to Norway to be fully outfitted.

In the coming weeks, the REV Ocean will be towed down the Danube River and into the Black Sea, then pass through the Bosporus Strait in Istanbul, cross the Mediterranean, traverse the Strait of Gibraltar, and travel up to the Vard shipyard in Brattvag, the foundation said.

The journey is expected to take 30 to 35 days.

The vessel is set to be completed sometime in 2020.

Source: REV Ocean

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The 20 largest yachts built in the USA

With nearly 96,000 miles of coast teeming with ports and harbours, the United States has been a proud shipbuilding site for more than 250 years. In an Independence Day special, we take a look at the largest and finest yachts constructed across the pond...  

Builder : Swiftships Length : 91.4m Year : 1997

Originally launched by US yard Swiftships in 1997, the 91.4-metre explorer Voyager spent the first two decades of her life as a 63-metre supply ship called Candy Trader , used for commercial works. That all changed in 2016 when she arrived at Dania Cut in Florida to start a three-year conversion into an explorer yacht. When she emerged in 2019, blinking into the East Coast sunshine, Voyager became the largest conversion superyacht ever in the US. She features a bathing platform and helipad, while her five decks host a huge crew of over 70 members.

Builder : Derecktor Shipyards Length : 85.6m Year : 2010

Launched in time for the 2010 Fort Lauderdale International Boat Show from Bridgeport, Connecticut, the 85.6-metre superyacht  Aquila  (formerly Cakewalk ) is a full displacement, oceangoing superyacht with a steel hull and aluminium superstructure. Her refit in 2016 secured her the title of the largest yacht to be refitted in the UK and gave her the added 'wow' factor of a bespoke chandelier from Czech company Preciosa, comprised of more than 850 pieces of hand-blown glass. The chandelier is a staggering 11.2 metres long, cascading through four of Aquila ’s five decks.

SS Delphine

Builder: Great Lakes Ew Length: 78.6m Year: 1921

This motor yacht was a familiar sight around Detroit and Chicago in the 1920s. Automobile manufacturing mogul Horace Dodge named  SS Delphine   after his daughter and designed an unusual quadruple steam expansion engine for the vessel, which gave her an impressive top speed of 15 knots. During World War II she served as the flagship of Admiral King, the Commander-in-Chief of the US Fleet. Laid up in 1962, she was bought by the Seafarers International Union for use as a headquarters ship but fell into disrepair in the early 1990s. She was later acquired by a Singapore company which planned to convert her into a mini-cruise liner for Asian waters, but this sale fell through. Happily, she was purchased by a Belgian buyer, Ineke Bruynooghe, and a thorough restoration and conversion brought both the yacht and her original steam engines back to new condition.

Builder : Trinity Yachts Length : 73.8m Year : 2013

Built to ABS class in steel and aluminium, Cocoa Bean was launched in 2011 as the largest yacht to hit the water in North America at the time. Owned by the late Ali Ghandour, her name presumably refers to one of the Ghandour Company’s best-selling confectionaries - chocolate. In 2020, she emerged from a three-year refit courtesy of Astilleros de Mallorca with her upper deck brows extended, her mast restyled and a freshly-painted red bootstripe. Twin 2,575hp Caterpillar engines give her a range of 6,000 nautical miles and a top speed of 15.5 knots.

Builder : Delta Marine Length : 73.2m Year : 2006

Built in the Pacific Northwest, Laurel  has a steel hull and composite superstructure and is the fourth-largest yacht to be built in North America since the Great Depression. Her sun deck extends fore and aft of a central observation room, the forward part being a belvedere terrace and the aft offering a gym, spa pool and sunbathing. Tenders are stored on the lower deck and launched through doors to port and starboard. Another highlight is the diving room, which opens to a large bathing platform created by opening the stern door.

Builder : Delta Marine Length : 72.2m Year : 2016

Launched from Dakota Creek in September 2016, Albatross is the second-largest yacht from this American yard to date and has since only been used as a private vessel. She sports an exterior by Espen Oeino International and a Francois Zuretti interior with a volume of 2,066 GT. Equipped for exploring, she is capable of 7,400 nautical miles and is fitted with a helicopter landing pad and a large 13-metre beam tender garage. On deck, leisure highlights include an al fresco dining area accompanied by a chef station, a BBQ, oven and a raised eight-person Jacuzzi.

DSSV Pressure Drop

Builder : Tacoma Boat Building Length : 68.3m Year : 1985

The 68.3-metre DSSV Pressure Drop was described by owner and explorer Victor Vescovo as being "not a yacht, and not luxurious". Used as a support vessel for Vescovo's host of deep submersibles, the yacht was originally delivered in 1985. A full refit in 2015 courtesy of Stabbert Maritime saw DSSV Pressure Drop transformed into what it is today, able to accommodate 47 people – including 19 crew and 12 technical specialists. The yacht also features dry and wet science labs, full ocean-deep sonar and an 11.2-metre Triton 36000/2 submersible .

Builder : Bender Length : 67.1m Year : 1982

Described as a "sport utility" vessel by the yard that converted her, Global owes her rugged commercial appearance to her former life as an oil rig support vessel. Formerly known as Allure Shadow , she is half yacht and half toy carrier, offering six double guest cabins with balconies, a saloon, a dining room, a sky lounge with panoramic views opening to a forward observation deck, an eight-metre freshwater swimming pool, a cinema, a games room that also functions as a library and a full gymnasium complete with a spa. Her huge decks can carry, among other toys, a helicopter and its full logistical needs plus a large sport fishing vessel. If all that doesn't impress, Global also has the capacity to host events for 200 people.

Builder : Candies Shipbuilders Length : 67m Year : 1980

Explorer  has lived many lives, starting out as Clipper Cap Haitien and later being converted to a Shadow Marine vessel. In 2011, she had a major hull extension that brought her from 51.8 metres to her current length of 67 metres. The latest refit was undertaken in order to add an additional deck dedicated to the owner’s use, which comprises the owner’s cabin, private lounge, gym and spa. Other refit work included creating a movie theatre and upgrading all the audio-visual and IT systems. Moving the helipad also allowed the creation of a new open sun deck, providing ample entertaining spaces. An elevator was also installed to serve all decks.

Blue Shadow

Builder : Campbell Length : 66.8m Year : 1994

Blue S hadow is best known through her previous owner, HRH Prince Khaled bin Sultan of Saudi Arabia. A keen oceanographer, Prince Khaled made the yacht available for scientific purposes worldwide in support of the Living Oceans Foundation. The yacht carries Golden Eye , an amphibious 10-seater Cessna 208 with Wipair floats, as well as many special-purpose tenders, and offers a range of scientific laboratories and accommodation for up to 11 visiting scientists and pilots. Blue Shadow  was built in the USA by the now-defunct San Diego builder Campbell Industries to the design of Martin Francis and was refitted in 2006.

Builder : Delta Marine Length : 65.5m Year : 2013

Previously known as  Project Invader , Delta Marine's  Invictus is built with an ice-strengthened steel hull and a composite superstructure which was penned by  Delta Design . With such a long-distance cruising range of 7,000 nautical miles and features such as a pool on the sundeck, a theatre and a gym, this boat is designed to keep its guests entertained on long-haul voyages. She was officially delivered in Seattle, Washington to a North American client, but the key is her remarkable 1,945GT volume, which leaves ample space for an innovative layout.

Builder : Palmer Johnson Length : 64m Year : 2013

Lady M is Palmer Johnson's 64-metre flagship and is the largest all-aluminium boat ever built in the United States. Her narrow profile and characterful vertical bow are shared by her much smaller SportYacht sisters, which start at around the 36-metre mark. Outstanding features include a hot tub and large open teak decks that flow into contemporary beachy interiors, courtesy of Italian design house Nuvolari Lenard . Powered by twin diesel MTU engines, Lady M boasts a transatlantic range and top speeds of 28 knots.

Builder : Halter Length : 63.4m Year : 1978

Formerly known as Fierce Contender, this vintage expedition yacht's greatest claim to fame is a stint on the popular television show Deadliest Catch, where it was used as a crabbing vessel. S uRi has since undergone a series of refits after braving the treacherous seas around Alaska's Aleutian Islands. The most substantial was in 2011 at California-based Bay Ship & Yacht Co., which saw 11 metres added to her mid-body. Benefits of this extension included a larger al fresco dining area, sunning and shade areas. A glass-enclosed guest lounge in the existing lounge was also added, which can either be closed and fully climate-controlled or opened up for the indoor-outdoor effect on balmier nights. Following a 2016 refit, this 1,355GT displacement yacht now features new timeless interior décor by Krilloff & Associates .

Builder : Delta Marine Length : 62.8m Year : 2018

Built at the Seattle shipyard in 2018, this 63-metre superyacht is allegedly owned by US billionaire Jay Alix of Alix Partners. All exterior and interior stylings were completed in-house and Satori has since remained very resolutely out of the public eye. Interior photos and amenities have not been released, with exterior photos revealing a helipad on the sundeck, a spacious swim platform and a lateral-opening tender garage and balcony.

According to BOATPro , Satori seems to be spending July 4 cruising along Savusavu Bay in Fiji.

Mia Elise II

Builder : Trinity Yachts Length : 60.4m Year : 2012

With a length of 60.4 metres and a relatively small draft of 2.4 metres, Mia Elise II  is one of the largest yachts still capable of accessing shallow anchorages in the Bahamas and Caribbean. This 916GT yacht was designed by the yard’s in-house team and has a bright, airy interior owed to  Patrick Knowles . The full-beam upper deck houses a sky lounge, an office, a VIP cabin and the master suite forward with a private foredeck, meaning that owners can enjoy unimpeded, secluded ocean views.  Mia Elise II accommodates a total of 13 guests in a master, a VIP and five double cabins including four on the lower deck. 

Builder : Trinity Yachts Length : 59.7m Year : 2009

The first Trinity yacht designed by the Bannenberg and Rowell studio, Bacarella  began life at 55 metres and was extended to her current length mid-build. She features four very large guest cabins on her lower deck and a full-beam main deck master with a large his-and-hers en suite forward. Her 1,052GT volume gives Bacarella  a vast interior, offset by a dramatic interior palette of unusual materials and pale colours. Notably, Bacarella suffered some damage in 2017 after a helicopter crashed into her off the coast of Bergen, Norway. She was refitted most recently in 2020.

Grand Rusalina

Builder : Trinity Yachts Length : 59.6m Year : 2006

Damaged by fire during her construction in 2002 and subsequently rebuilt in Brisbane, Australia, Grand Rusalina (ex- Ulysses ) is a solidly-constructed explorer-type yacht capable of traversing the world’s oceans with ease and in the greatest of comfort. She can accommodate 14 guests and now has a range of 6,000 nautical miles, allegedly boasting upwards of 8,000 in her heyday. This self-sufficient superyacht is MCA compliant and able to stow a vast array of equipment, including several tenders, jet skis, an inflatable dock and pool and a helipad.

Builder : Palmer Johnson Length : 59.4m Year : 1998

Pearl  is the largest yacht to emerge from the Wisconsin-based shipyard and has since sailed under multiple owners (and names). She was launched as  La Baronessa  for a Singaporean owner and was renamed  Frequency  when acquired by a Turkish businessman with an interest in cell phones. She later became Shubra II  and was again renamed, this time becoming Pearl . Naval architecture is by New York-based Sparkman & Stephens , while her styling and interior design are by Italian design house Nuvolari Lenard .

Builder : Trinity Yachts Length : 58.8m Year : 2016

Launched in 2016, the 58.8-metre Imagine is hull number T062 in the Gulfport-based yard's impressive fleet. The exterior styling for this tri-deck motor yacht was created by long-time collaborator  Geoff Van Aller , with both the hull and superstructure built from aluminium to AB classification. Power comes from a pair of 3,386hp Caterpillar engines and her total interior volume is believed to be in excess of 800GT. The yacht also has a bonus cabin that doubles as a massage room – imagine that. 

Builder : C. Welding Length : 58.3m Year : 1950

This 58.3-metre motor yacht was built for American shipping and real estate tycoon Daniel K. Ludwig under the name Argo . Designed by John H. Wells , Hasabi II is a hardy vessel, with a maximum range of 5,300 nautical miles and exterior stylings that have been left relatively unchanged across her impressive 73-year tenure. She has not had a major refit since 2006. According to BOATPro , she was last sighted today at the Corfu Town Yacht Harbour in Greece.

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Megayacht VS. Superyacht

A yacht is known as a luxury watercraft that helps people having the enjoyment of recreation. Two terms that fall under a “yacht” are “megayacht” and “superyacht”. Both terms often get used interchangeably, but in this blog, we will discuss the differences.

Ranging from 80 feet in length up to the staggering 592 feet of AZZAM, the world’s largest private yacht, superyachts can be sailing yachts, motor yachts, motor sailors – or even stylishly converted tugs, or military vessels. In general, yachts are either considered a motor yacht or sailing yacht, depending on how the boat is powered. A sailing yacht is powered by sails or winds, while a motor yacht is powered by engines.

The term “megayacht” is often used interchangeably with the term “superyacht”, which is used to refer to any privately owned yacht over 80 feet in length.

Superyachts for sale and megayachts for sale can vary enormously in size, yacht price, facilities and performance. Some yachts are used exclusively for owners use or are available for part time commercial charter.

Luxury yachts typically offer a huge guest area, giving people the options for both entertainment as well as relaxation in such yachts. These vessels are commercially operated (motor or sail powered) and are professionally crewed.

Superyachts Explained

Although there is no true definition, a superyacht is considered to be a yacht that is at least 78-feet or 24-meters. A superyacht is synonymous with luxury and glamor, affording families and friends the freedom to travel the world’s most glittering destinations in ultimate comfort and privacy.

A superyacht will normally be crewed, and have luxurious accommodations for 6 to 12 guests, as well as sophisticated communal living areas. Superyachts for sale offer elegant entertaining and dining areas, while most come with Jacuzzis, swim platforms on the waterline, and a huge array of watertoys.

Click to view all superyachts for sale worldwide here, including images and specifications to begin your superyacht adventure.

Megayachts Explained

Exact definitions of mega yachts vary tremendously, although some believe that around 200 feet or 60-meters is the starting size for a mega yacht for sale.

The larger superyachts for sale (often mega yachts) will sometimes have special passenger licenses allowing them to accommodate more than 12 guests. Mega yachts generally carry large crews to offer a simply spectacular level of service, with guest-to-crew ratios only dreamt of in elite hotels.

On megayachts, gyms, spas, helipads, private owners deck and even cinemas become standard features, while many sport palatial beach clubs, high-speed chase boats, and even submarines. The general facilities are almost the same for both super yachts and the mega yachts, whereas, the mega yachts are quite bigger in size.

It is useful, however, to know that the term ‘mega yacht’ is not a universally- recognized term and its exact meaning is debated, although it has gained common currency in the United States and in mainstream media around the world.

Click to view  all mega yachts for sale worldwide here , including images and full specifications.

Largest Yachts in the World

Because mega yachts over 200-foot are such extraordinary machines, there are a limited number of them afloat, although as the race for the biggest boat continues, we can expect this number to grow.

AZZAM 592' (180m) Lürssen Yacht 2013

At 592-feet long, AZZAM is known to be the longest superyacht in the world. A world-class team was personally assembled and secretly directed in all areas of development.

ECLIPSE 533' (162m) Blohm + Voss 2010 / 2015

ECLIPSE’s interior configuration has been designed to comfortably accommodate up to 36 guests overnight in 18 cabins, comprising of a master suite and 17 VIP staterooms. She is capable of carrying up to 70 crew onboard.

DUBAI 531' (162m) Platinum Yachts 2006 / 2008

With 7 decks, DUBAI has a wealth of sunbathing areas; a striking mosaic swimming pool and several Jacuzzis. She can accommodate a helicopter of up to ten tons and can carry 2 10-meter long tenders.

BLUE 526' 11" (160.6m) Lurssen 2022

Lurssen’s creation, BLUE, claims the 4th spot on the list of the world’s longest yachts, showcasing its remarkable gross tonnage. Crafted for a Middle Eastern owner, it offers ample interior space, surpassed in this aspect only by DILBAR and AL SAID. Designed by Terence Disdale, BLUE boasts classic exterior aesthetics characterized by a distinctive bow and graceful curves. The yacht boasts two helipads, a sheltered pool on the main deck, a stern bathing platform, and balconies adorning the owner’s cabin. She is propelled by a cutting-edge diesel-electric hybrid system equipped with advanced exhaust treatment and water purification technology.

DILBAR 511' (156m) Lürssen Yacht 2017

Luxury mega yacht DILBAR is famously known as the world’s largest yacht by gross tonnage and interior volume. With an interior by Alberto Pinto, she became one of the most sought-after yachts on the water.

Click below to view the rest of the top 25 yachts by length in the world.

Top Superyacht Builders

German superyacht builder Lürssen is the builder of the largest superyacht in existence, the 590’ (180m) M/Y AZZAM, which was completed in an astonishingly quick three years. Known for superb build quality and large projects across its superyacht, naval vessel, as well as its’ yacht refit and management divisions. M/Y KISMET the 312′ yacht is one of Lürssen’s most popular vessels.

Feadship, Netherlands: For some yacht owners, the only name worth knowing is Feadship. This prestigious brand is synonymous with Dutch superyacht quality and has a legion of steadfast and loyal fans. There are 450 bespoke yachts currently afloat in the Feadship fleet, including M/Y HASNA.

Dutch yacht builder Heesen is known for its aluminum and steel superyachts and innovative use of technology, as seen in the revolutionary fast displacement hull form first seen in the multi-award winning M/Y GALACTICA STAR.

Amels’ vast and high-tech superyacht facility is the largest in the Netherlands, producing iconic, high-value yachts up to 330’ (100m), including their 2017 flagship yacht, 272’ (83m) M/Y HERE COMES THE SUN.

Building or Buying a Yacht

Superyachts for sale can be purchased pre-owned, or buyers can purchase a ‘new build’ yacht for sale from a dedicated superyacht builder. Superyachts can be ordered either fully custom-built, semi-custom, or from an existing range, and can be built with various hull types which affect speed, range and motion at sea. Luxury yachts can also be chartered out, recouping some of the costs of purchase and upkeep. Your yacht broker will help you through researching, selecting and purchasing your superyacht for sale, making the process easy.

Interested in  buying a superyacht? See below for a selection of superyachts for sale, or contact us below to learn more about how Worth Avenue Yachts can assist you in your yachting journey.

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Benetti Yachts – Inside the 100′ Tradition Series Tri-deck Yacht BW

BW is a remarkable opportunity for prospective buyers in search of a three-deck yacht with an impressive pedigree. This luxury yacht underwent a complete interior redesign and refit in the years 2020 and 2021/22. BW offers capacious indoor and outdoor areas, catering to those who appreciate both quality and spaciousness.

Experience the Allure of Villa Ardore

Discover an unforgettable Italian adventure through the exclusive partnership of Worth Avenue Yachts and Villa Ardore, meticulously customized to match your unique preferences.

Palmer Johnson Yacht FOUR JACKS – An Exceptional Performance Yacht

This Palmer Johnson 150 is a remarkable example of modern, speedy yacht design, courtesy of Nuvolari Lenard. It features a luxurious interior that includes five staterooms, highlighted by the coveted on-deck Owner’s stateroom configuration, complemented by four additional staterooms below deck, and extensive crew quarters. Maintained in pristine condition by a dedicated professional crew, this single-owner yacht exemplifies top-tier upkeep. Fitted with Gyro stabilizers for stability while anchored and conventional stabilizers for smooth sailing, FOUR JACKS delivers unparalleled comfort in any sea state.

MARGENE – Timeless Luxury and Modern Refinement

THE NORDLUND 63 MARGENE – timeless elegance and modern comfort Motoryacht MARGENE, a 63ft / 19.2m luxury yacht, is now available for sale, meticulously crafted

THE EQUITES by Azimut: Craftsmanship and Opulence

THE EQUITES by Azimut: A Odyssey of Craftsmanship and LUXURY THE EQUITES, an exquisite luxury yacht measuring an impressive 76ft / 23.16m, stands proudly

Explore elegance, and unforgettable moments aboard SEA SPUR

EXPLORE OPULENCE, ELEGANCE, AND UNFORGETTABLE MOMENTS ABOARD SEA SPUR Motoryacht SEA SPUR, an embodiment of maritime opulence, commands attention with its impressive length of

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See Meta CEO Mark Zuckerberg's brand new 287-foot superyacht

The 287-foot yacht, called 'launchpad' cost $300m.

SEE IT: Mark Zuckerberg’s $300 million new superyacht

Billionaire Mark Zuckerberg, founder and CEO of Facebook parent Meta, gifted himself a $300 million superyacht named ‘Launchpad’ as his net worth nears $200 billion. Credit: Dutch Yachting

Mark Zuckerberg reportedly rewarded himself with a luxurious gift: a $300 million super yacht.

The billionaire Meta Platforms CEO reportedly purchased the 287-foot vessel with the name Launchpad, according to The Sun and New York Post. 

FOX Business reached out to Meta Platforms and a Zuckerberg personal spokesperson for comment on the vessel.

Mark Zuckerberg's 387-foot long superyacht, Launchpad, sits at Port Everglades in Fort Lauderdale, Florida, this week. (Romain Maurice/MEGA / Mega)

The vessel reached America a few days ago, cruising into Fort Lauderdale’s port in the Sunshine State, according to Business Insider. Prior to that, it had recently completed its first-ever official sailing.

MARK ZUCKERBERG RAISING CATTLE WITH DIET OF BEER AND NUTS

In photos, the dark blue-hulled Launchpad appeared to have multiple decks.

Superyacht Times pegged its gross tonnage at about 5,000. It can reportedly sail as fast as 24 knots.

A view of the side of the Launchpad superyacht. (Dutch Yachting)

Feadship, a well-known yacht builder headquartered in the Netherlands, constructed the superyacht.

Only 70 motor yachts measuring over 100 meters currently exist, according to BOAT International. Some are believed to belong to other members of the three-comma club.

JEFF BEZOS, LAUREN SANCHEZ ENJOY SUN, SUPERYACHT

The Sun reported the 118-meter Launchpad came at a nine-figure cost.

The Launchpad superyacht sailing. Credit: Dutch Yachting

Zuckerberg has amassed a personal fortune that, according to Forbes, sat around $178 billion as of Thursday evening.

He has Meta Platforms, the corporate parent of Facebook, Instagram, Whatsapp and Threads, to thank for that. He co-founded Facebook about 20 years ago.

MARK ZUCKERBERG'S HAWAII PROPERTY TO FEATURE GIANT UNDERGROUND BUNKER, TREEHOUSES: REPORT

"20 years ago I launched a thing," he wrote on the platform in early February. "Along the way, lots of amazing people joined and we built some more awesome things. We’re still at it and the best is yet to come."

He has identified artificial intelligence and the metaverse as long-term focuses of Meta Platforms.

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Navigating Luxury: Your Guide to Superyacht Charter

Introduction.

The world of superyacht chartering is a realm of opulence, luxury, and unparalleled experiences. For those who seek the epitome of lavish travel, super yachts and mega yachts offer an tempting allure. This article delves into the key factors that impact clients when renting these floating palaces, including some of the largest and most expensive yachts globally. We’ll navigate through the tradeoffs involved in balancing factors like size, amenities, and destinations, while also exploring the challenges associated with different approaches. Additionally, we’ll highlight the importance of considering the environmental impact when making decisions about what superyacht to charter.

Size Matters – Mega Yacht vs. Superyacht Charter

When it comes to super yacht charter, the first decision often revolves around size. Superyachts and Mega yachts are the giants of the maritime world, but they come with different dimensions and experiences.

Mega Yacht Charter

Mega yachts are massive vessels that exceed 100 meters (328 feet) in length. They boast impressive size and can accommodate numerous guests and crew members. The larger size allows for greater stability, offering a smoother cruising experience even in rough waters. Mega yachts often feature multiple decks, swimming pools, helipads, and even mini-submarines.

Superyacht Charter

Superyachts are slightly smaller, typically ranging from 24 to 100 meters (79 to 328 feet) in length. They offer a more intimate experience compared to mega yachts, making them ideal for smaller groups or families. Superyachts still provide opulent amenities but on a slightly smaller scale, with spacious cabins, lounges, and water toys.

Tradeoff : The choice between mega yachts and superyachts boils down to personal preference and the number of guests. While mega yachts offer unmatched extravagance and space, superyachts provide a cozier atmosphere.

The Price of Luxury

Luxury yacht charters are synonymous with lavishness, but the cost can vary significantly depending on several factors.

Factors Influencing the Price of a Superyacht Charter

• Yacht Size : Larger yachts typically come with higher charter costs due to increased maintenance and crew requirements.
• Amenities : Yachts equipped with extravagant amenities like cinema rooms, spas, and gourmet kitchens command a premium price.
• Destination : Some destinations have higher operational costs, impacting the overall charter price.
• Season : Chartering during peak seasons in popular cruising regions can be substantially more expensive.
• Additional Expenses : Fuel, crew gratuities, and provisioning are additional costs that should be factored in.

Tradeoff : Clients must strike a balance between their budget and desired level of luxury. Opting for a slightly smaller yacht or considering offseason charters can help manage costs.

Charting Your Course – Destinations and Itineraries

Selecting the right destination and itinerary is a crucial aspect of super yacht chartering. The world is a vast playground, offering a multitude of experiences.

Popular Superyacht Charter Destinations

• Mediterranean : The Mediterranean is a perennial favorite, offering a blend of historic ports, picturesque coastlines, and vibrant nightlife.
• Caribbean : Crystal-clear waters, idyllic islands, and a laid-back atmosphere make the Caribbean a top choice.
• South Pacific : The South Pacific beckons with its remote islands, coral reefs, and untouched natural beauty.
• Alaska : Adventurous souls seek the raw beauty of Alaska’s fjords, glaciers, and abundant wildlife.

Tradeoff : The choice of destination often entails tradeoffs between culture, climate, and activities. Clients must consider their preferences, whether it’s exploring ancient ruins, lounging on pristine beaches, or embarking on adrenaline-pumping adventures.

Superyacht Charter Crew and Service Excellence

A hallmark of luxury yacht charters is the exceptional crew and service provided to clients. The quality of the crew can significantly impact the overall experience.

The Crew’s Role in Luxury Yacht Charter

• Captain : The captain is responsible for navigation, safety, and ensuring the smooth running of the vessel.
• Chef : A skilled chef can elevate the culinary experience onboard, tailoring menus to guest preferences.
• Steward(ess) : Stewards and stewardesses attend to guests’ needs, ensuring their comfort and enjoyment.
• Deck Crew : Deckhands and water sports instructors facilitate activities like snorkeling, diving, and watersports.

Tradeoff : Investing in a highly experienced and skilled crew enhances the luxury quotient but can also increase charter costs. Balancing crew quality with budget constraints is a key consideration.

Environmental Consciousness in Chartering

In an era of increasing environmental awareness, chartering a luxury yacht also comes with ethical responsibilities.

Environmental Impact of Luxury Superyacht Charter

• Fuel Consumption : Large yachts can consume substantial amounts of fuel, contributing to carbon emissions.
• Marine Conservation : Charterers must be mindful of fragile marine ecosystems and protected areas.
• Waste Management : Proper disposal of waste at sea is crucial to minimize environmental harm.

Eco-Friendly Charter Options : Some charter companies offer eco-friendly yachts with hybrid propulsion systems, advanced wastewater treatment, and sustainable practices.

Tradeoff : Balancing the desire for opulence with eco-consciousness requires clients to seek out environmentally responsible charter options and make conscientious choices while on board.

The Largest and Most Expensive Yachts

For those with no budget constraints, the world of luxury yacht charter unveils a roster of the largest and most expensive vessels.

Top Mega Yachts and Superyachts for Charter

• Azzam : Currently the largest yacht in the world, Azzam measures a staggering 180 meters (590 feet) and offers unmatched opulence.
• Eclipse : Owned by Russian billionaire Roman Abramovich, Eclipse boasts features like a missile defense system and two helipads.
• Rising Sun : With a length of 138 meters (452 feet), Rising Sun is a popular choice among celebrities and offers a range of luxurious amenities.

Tradeoff : Chartering one of these behemoths comes with a price tag that matches their grandeur. However, it’s an experience that’s truly in a league of its own.

Chartering for Special Occasions

Luxury yacht charters are often chosen for special occasions, and they can be customized accordingly.

Special Occasions on Luxury Yachts

• Weddings : Yacht weddings in picturesque locations provide a romantic backdrop.
• Anniversaries : Celebrate milestones with a private charter and custom-designed experiences.
• Corporate Retreats : Yacht charters offer a unique setting for team-building and corporate events.

Tradeoff : While these experiences are unparalleled, clients must carefully plan and budget for the specific demands of their special occasion.

Booking Your Dream Superyacht Charter

Booking a luxury yacht charter is a meticulous process that involves several steps.

Steps to Booking a Luxury Yacht Charter

• Define Your Preferences : Determine your budget, group size, destination, and must-have amenities.
• Research Charter Companies : Investigate reputable charter companies and their fleets.
• Itinerary Planning : Work with charter brokers to plan your itinerary, considering the desired activities and sights.
• Negotiate Terms : Review contracts, negotiate pricing, and confirm all details with the charter company.

Tradeoff : The tradeoff here is the time and effort invested in the booking process. However, meticulous planning ensures a smooth and memorable experience.

Luxury yacht charters offer a unique and extravagant way to explore the world’s oceans while enjoying unparalleled comfort and service. Clients must carefully weigh factors like yacht size, budget, destination, crew quality, and environmental impact to make the best choice for their dream charter. Whether it’s a mega yacht or a superyacht, an eco-conscious charter or a lavish celebration, the world of luxury yacht chartering caters to diverse tastes and desires.

Navigating Your Luxury Journey for Superyacht Charter

Embarking on a luxury yacht charter is a journey unlike any other. It’s a blend of opulence, adventure, and ethical considerations, and finding the right balance is key. As you set sail on your charter, remember that the world’s oceans are not just a playground; they are also a precious resource that deserves respect and protection. So, charter wisely, explore responsibly, and savor every moment of your unforgettable voyage aboard a luxury yacht.

Prices for renting a luxury yacht

The cost of renting a luxury yacht can vary significantly based on a variety of factors, including the size of the yacht, its amenities, the destination, and the time of year. Below are some approximate price ranges for renting the types of yachts mentioned.

Mega Yachts

• Small to Medium Mega Yachts (100-150 feet): These can range from approximately $50,000 to $200,000 per week.
• Large Mega Yachts (over 150 feet): Chartering one of the largest mega yachts can cost anywhere from $200,000 to several million dollars per week, depending on the yacht’s size, amenities, and location.

Superyachts

• Small to Medium Superyachts (80-120 feet): Weekly charter prices for these can start at around $20,000 and go up to $100,000 or more.
• Larger Superyachts (120-200 feet): Chartering a larger superyacht can range from approximately $100,000 to $500,000 or more per week.

Top Mega Yachts and Superyacht Charter

• Azzam (largest yacht in the world): Chartering Azzam could cost upwards of $1 million per week.
• Eclipse (Roman Abramovich’s yacht): Eclipse’s charter rates can be in the range of $2 million to $3 million per week.
• Rising Sun: Chartering Rising Sun may cost around $4 million to $5 million per week.

It’s important to note that these are rough estimates, and the actual cost of chartering a yacht can vary widely based on specific yacht features, the duration of the charter, additional expenses (such as fuel, crew gratuities, and provisioning), and the chosen destination. Additionally, during peak seasons in popular cruising regions, prices tend to be at their highest.

Charter rates often include the yacht itself, crew salaries, standard amenities, and insurance. However, clients should be prepared for additional expenses, such as fuel, food and beverages, port fees, and crew gratuities, which can add a significant amount to the overall cost.

To get precise pricing for a particular yacht and itinerary, it’s advisable to consult with reputable yacht charter brokers or companies, who can provide detailed quotes tailored to your specific preferences and needs.

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All aboard S.S. Facebook.

Mark Zuckerberg has reportedly gifted himself a $300 million megayacht, dubbed “Launchpad,” ahead of his 40th birthday.

The staggering 387-foot-long vessel was seen floating at Port Everglades in Fort Lauderdale, Fla., after arriving at its berth earlier this week, The Sun reported Thursday.

The multi-layered luxury ship’s sleek exterior was designed by Espen Øino International and boasts a steel hull and an aluminum superstructure, according to SuperYacht Times.

Reportedly ranking as the 45th largest yacht in the world, the interiors are just as aesthetically pleasing and reportedly executed by Zuretti Interior Design company, a France-based company specializing in unique and custom yacht design.

The breathtakingly beautiful floater stands out with a navy blue theme matching an American flag perched proudly on its wood-paneled stern.

There are several outdoor areas where the social media maven will be able to relax with his family and the indoor levels feature glass paneling allowing for tons of natural light.

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There also appears to be a helipad perfect for whenever the Facebook co-founder wants to travel to his vessel by air.

The Feadship-built yacht, built in 2022, can comfortably fit 24 guests aboard, requires a crew of 48, and is said to cost $30 million a year for upkeep and usage, according to Superyachtfan.com .

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Boatworld insiders have been buzzing with speculation that Zuckerberg is the owner of the newly minted mega-cruise ever since it made its main voyage from the Netherlands last week.

The tech titan was spotted touring the Russian-commissioned megayacht in early March, though the impressive boat didn’t arrive stateside until this week due to sanctions, according to The Sun.

The website reported that Zuckerberg purchased the pricey yacht – along with its own $30 million partner boat — most likely as an early 40th birthday present to himself.

The boat reportedly traveled to Florida after being granted special permission to be imported just weeks ahead of Zuckerberg’s birthday on May 14.

Zuckerberg’s yacht is just 30 feet shorter than the length of fellow billionaire Jeff Bezos’ 417-foot megayacht Koru, which the Amazon boss snagged for a whopping $500 million.

Zuckerberg’s rep did not immediately respond to Page Six’s request for comment.

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• Lexus Just Unveiled a Speedy New 68-Foot Yacht

The 68-footer can only be ordered in Japan—for now, at least.

Rachel cormack.

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The luxury yacht, or LY for short, was designed to “feel like a hideout in the middle of the sea,” according to Lexus. The exterior reflects the automaker’s “L-finesse” design philosophy, with curvy, head-turning lines and a sharp bow creating a sporty profile.

The interior centers around a “comfortable living space,” Lexus says. With a beam of nearly 19 feet, the yacht offers a decent amount of space onboard, too. The nameplate didn’t divulge many details regarding decor, but Italian design powerhouse Nuvolari Lenard spearheaded the interior design of the 650. In terms of layout, the 680 is equipped with three cabins on the lower deck and a light-filled salon, galley, and helm station on the main deck.

The exterior is bigger—and perhaps better—than that of the 650. The flybridge has been extended by about 4.5 feet and adorned with a plush lounge and grill. The aft swim platform has also been lengthened by roughly 2.3 feet.

In terms of performance, the 680 will be powered by a pair of 12.8-liter turbocharged Volvo D13 engines capable of delivering 1,350 hp each to IPS drives. (The yacht can also be equipped with slightly less powerful 1,050 hp engines.) The 650 sported the same propulsion system and could reach 33.5 knots at full tilt.

Click here to see all the photos of the Lexus LY680.

Rachel Cormack is a digital editor at Robb Report. She cut her teeth writing for HuffPost, Concrete Playground, and several other online publications in Australia, before moving to New York at the…

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The Phi has been detained in Canary Wharf since March 2022.

A superyacht is a status symbol and the ultimate pleasure boat. What ordinary people envisage doing on cruise ships, the super-rich do on their mega-yachts. Space and change of scenery have appealed to humans from time immemorial. However, with luxury yacht ownership requiring vast sums of disposable income, one would think that factors putting the global economy under pressure, such as inflation, Houthi terrorists and Somali pirates attacking ships in the Red Sea, sanctions following the Russian invasion of Ukraine, and before that, the COVID-19 pandemic, would slow down the demand for superyachts. Instead, despite severe disruptions, mainly because of the post-Ukraine 2022 Russian invasion sanctions, with billions sloshing around in the global economy, demand for these vessels has reached a high point, driven by changes in the tastes of the ultra-rich, innovative new uses for superyachts, and the number of buyers able to splurge on such craft.

Expensive Mega-Toys The unique uses of a superyacht are driven by the size and crew demands that separate it from a regular yacht. A superyacht is considered to be a pleasure vessel larger than 24m (80ft) with a full-time captain and crew. This is a costly outlay. There are added costs for not including maintenance, fuel, and expensive power plant, navigation, and communications gear.

The desire for seclusion and social distancing exhibited by the rich since the 2020 pandemic lends itself perfectly to these large, customizable ships that can be taken out to sea. A fully crewed ship is also needed to keep up with for new trend in exploration and environmental sailing, with boat owners venturing outside of the Mediterranean and Caribbean to experience more varied habitats. Other luxury sectors are taking note of these trends driving demand for superyachts, with hotel chains like The Four Seasons and The Ritz-Carlton aiming to offer bespoke superyacht experiences by 2025. By introducing this option, hotel chains are responding to the increased market demand for exploration while creating an experience that is more exclusive and private than a luxury cruise.

Demand has also been driven by an expanding number of prospective superyacht buyers as the number of ultra-high-net-worth individuals continues to increase globally. The growth is primarily driven by American buyers, with significant potential in regions like China and Southeast Asia, where ultra-rich buyers with disposable income are growing at a faster pace than they are in the West. This increase in wealthy customers in Southeast Asia, combined with miles of islands and coastlines, creates the conditions for a robust scene for superyachts in the area. The emergence of a new customer base wealthy enough to purchase super- and mega-yachts has made the industry resilient in the face of government sanctions against one of the industry’s largest consumer bases: Russian oligarchs.

The megayacht Nord, believed to belong to sanctioned Russian oligarch Alexey Mordashov, is seen in ... [+] Hong Kong on Friday, Oct. 7.

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Target: Russia Beginning in the early 2000s, Russian billionaires developed a taste for luxury superyachts, with some like Roman Abramovich (who is reported to own 16 vessels , including the Aquamarine, Eclipse, Garcon, Halo, Pelorus, Solaris and Sussurroo), Alexei Mordashov ( Lady M and Nord ) and Eduard Khudainatov ( Scheherazade , Amadea , Crescent ) placing orders for multiple vessels. According to Superyacht News, an industry publication, Russians account for a significant piece of the world's superyacht market. Their estimated share represents about 10% of superyachts exceeding 40 meters in length. The percentage of Russian ownership rises even further for mega-yachts exceeding 80 meters, where Russians hold the number two spot globally, owning 20% of these vessels. Research by Boat International estimates the contribution of Russian buyers to the global superyacht order book (valued between €35 and €40 billion) to be €3.9 billion.

The popularity of superyachts among Russia’s wealthy has caused them to become a focus of the sanctions imposed on Russia following its invasion of Ukraine in February 2022. Alongside traditional targets, including Russian financial holdings, banks, and energy, the assets of oligarchs are actively being seized and frozen by Western powers when possible through initiatives like the Russian Elites, Proxies, and Oligarchs (REPO) task force launched by the G7 and the U.S. Treasury’s Kleptocracy Asset Recovery Rewards (KARR) program.

The seizure of superyachts as assets will likely continue through the end of the invasion of Ukraine and possibly beyond. Recently, there have been increasing calls to sell or transfer these assets, allowing Ukraine to use or sell them to compensate for the damages caused by the war.

Eclipse | 162.5m Built in 2010 , Germany

Europe Suffers Even though the superyacht industry has a sizeable consumer base in Russia, the companies building and managing these yachts are primarily based in Western Europe. Many of these boats are built by shipbuilders such as Lürssen in Germany and Heesen Yachts and Oceanco in the Netherlands. This has led one of the shipyards, Damen, to sue the Dutch government over damages it claims it suffered from the EU sanctions. Additionally, companies like Burgess in the UK, Imperial Yachts and Edmiston in Monaco, and Moran Yacht & Ship in the US, in charge of servicing, managing, and brokering superyachts, are also concentrated in the West.

While Western shipyards and management companies may lose revenue because of sanctions and asset seizure of the Russian oligarchs, keeping the yachts frozen generates additional costs for the countries where they are being held. Some Western countries devised a solution to ease the burden on taxpayers, granting owners and their representatives special licenses to pay for the frozen vessels. Notably, France and Spain have allowed the billionaire owners of at least four mega-yachts to pay for their upkeep. In the UK, the Office of Financial Sanctions Implementation (OFSI) has allowed the management company Burgess to pay for pre-sanction crew salaries of a yacht frozen in the UK.

Though the media associated superyachts with Russian oligarchs, this archetypal image of a superyacht owner may soon grow obsolete if the sanctions regime remains or even strengthens, causing multi-million dollar losses to the industry. Instead, growth in the sector is driven by a new class of rich being created in places like the United States and the Pacific Rim, seeking luxury lifestyles that can be provided by a superyacht. The superyacht industry will capitalize on the unprecedented wave of demand to increase its resilience in the stormy global security and economic environment.

Quin Buckley & Henry Tsai contributed to the production of this article.

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Mark Zuckerberg’s $300million ‘birthday present’ mega yacht arrives in US – it even has its own $30m ‘wingman’ boat

• Isabelle Hajek , Freelance News & Blogs Reporter
• Published : 1:05 ET, Mar 21 2024
• Updated : 16:54 ET, Mar 21 2024

FACEBOOK founder Mark Zuckerberg has shown off his wealth at sea, bringing his multimillion-dollar yacht to the United States just weeks before his birthday.

After rumors the billionaire was looking to invest in a yacht began circulating, Zuckerberg was quick to snag a $300 million mega yacht complete with its own $30 million partner boat.

He was seen in the Netherlands touring Project 1010, a Russian-commissioned mega yacht, in early March.

Due to sanctions involved in importing the vessel to the United States, delivery of Zuckerberg's multimillion-dollar boat was delayed.

It was first spotted in home waters on March 20.

The 387-foot-long vessel docked at Port Everglades in Fort Lauderdale, Florida, with its chrome finish reflecting a harsh sun.

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Project 1010 made its maiden voyage from the Netherlands after receiving special permission to be imported just weeks ahead of Zuckerberg's birthday, which is on May 14, raising questions about whether it could be a gift to mark the occasion.

The mega vessel is not far off the size of Amazon mogul Jeff Bezos' $500 million 417-foot tall mega yacht, Koru, which was spotted in the same state in November 2023.

The Abeona, his mega yacht's support vessel, a 264-foot garage to hold Bezos' luxury cars, private helicopter, and jet skis, was docked at a slip four miles away.

To put into perspective the additional costs Zuckerberg is looking at, Bezos reportedly bankrolled a $16,500 per week bill for Koru to stay at the port, part of the $25 million in annual costs the ship will rack up.

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But cost is no object to 39-year-old Zuckerberg, as he was the youngest billionaire to make the top 10 wealthiest people in the world list.

In 2021, Zuckerberg was reportedly worth $108 billion, an amount that rose to $138.4 billion by January 2024.

Zuckerberg is hardly known for conserving his money when faced with large purchases.

In December 2021, it was reported that Zuckerberg was  breaking ground  on an estimated $270 million, 57,000-square-foot Doomsday bunker.

Plans for the structure include filling the football field-sized space with 30 bedrooms, elevators, a swimming pool, sauna, tennis court, and full-sized gym.

EARNING $48,328 - MINUTE BY MINUTE

While a $330 million purchase might sound outlandish to most, especially when coupled with a $270 million bunker, Zuckerberg can make that money back in about two months.

The Meta, formerly Facebook, founder reportedly makes between $6 million and $12 million each day, equating to an estimated yearly earning of more than $3 billion.

In 2018, Zuckerberg earned roughly $1.7 million an hour, according to previous Business Insider calculations.

By 2020, he ranked as the fourth richest person on the planet.

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For scale, it takes Zuckerberg less than an hour-and-a-half to earn what the Social Security Administration reports an average American man with a bachelor's degree will earn in his lifetime — $2.2 million.

In less than two minutes, Zuckerberg makes what it takes the full-time median US worker a year to earn — $48,328, writes  Business Insider.

Who is Mark Zuckerberg, the founder of Facebook?

Here's what you need to know...

• Mark Zuckerberg is the chairman, CEO and co-founder of social networking giant Facebook
• Born in White Plains, New York in 1984, Zuckerberg already had a “reputation as a programming prodigy” when he started college
• While at Harvard, Zuckerberg launched a site called Face Mash, on which students ranked the attractiveness of their classmates
• Harvard shut the site down after its popularity crashed a network and Zuckerberg later apologised saying it was “completely improper”
• The following term he began working on an early version of Facebook
• The 33-year-old launched the social network from his dorm room on February 4, 2004 with the help of fellow students
• The friends would end up embroiled in legal disputes as they challenged Zuckerberg for shares in the company
• Zuckerberg also faced action from Cameron and Tyler Winklevoss, as well as Divya Narendra who claimed he had stolen their idea – the disagreement was later turned into the film, The Social Network
• The tech prodigy dropped out of Harvard to focus on Facebook, but received an honorary degree in 2017
• Speaking about the site to Wired magazine in 2010 he said: “The thing I really care about is the mission, making the world open”
• By 2012 Facebook had one billion users. By June 2017 it had reached two billion users every month
• In 2024, Facebook reaches 3.05 billion monthly users
• Mark Zuckerberg's estimated net worth is $165 billion, which makes him the fourth-richest person in the world
• Zuckerberg is married to fellow Harvard alumni Priscilla Chan, who he began dating in 2003
• The couple have three daughters, as well as a Puli dog named Beast
• Mark Zuckerberg
• United States

Mark Zuckerberg's Shiny New $300M Diesel-Powered Mega Yacht Casts A Big Question Mark On His Climate Hero Status

I n a move that has raised eyebrows, Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg has recently added a $300 million diesel-powered mega-yacht to his collection of high-end vehicles, despite his public advocacy for climate change. The vessel, currently anchored in Fort Lauderdale, Florida, starkly contrasts his climate-friendly stance.

The Launchpad: Zuckerberg’s newest acquisition, a mega-yacht named “Launchpad,” made its way to Fort Lauderdale last Monday. The colossal 287-foot vessel, manufactured by renowned Dutch yacht builder Feadship, embarked on its journey from the Netherlands on February 29, reported ZeroHedge.

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The yacht, a design masterpiece by Espen Øino International, is the largest ever built by Feadship. Globally, it holds the 45th spot among the world’s largest mega-yachts. Equipped with 4 MTU engines, the “Launchpad” operates as a large-displacement diesel vessel, according to SuperYacht Times.

Climate Change Advocacy Under Scrutiny: SuperYacht Times reports that the yacht operates with “4 MTU engines, enabling a top speed of 24 knots.” This indicates that the vessel is propelled by large-displacement diesel engines, presenting a contradiction for the billionaire known for advocating climate change initiatives.

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Zuckerberg’s extravagant collection also includes a Gulfstream G650 private jet, another notable contributor to his substantial carbon footprint. This glaring contrast between Zuckerberg’s climate change advocacy and his carbon emissions has attracted widespread criticism.

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Photo by Frederic Legrand – COMEO on Shutterstock

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This article Mark Zuckerberg's Shiny New $300M Diesel-Powered Mega Yacht Casts A Big Question Mark On His Climate Hero Status originally appeared on Benzinga.com .