Yacht News

This issue, we have new launches from veteran yard Benetti and newcomer Oxygène Yachts as well as a brief look at the cost of the fight for the title "Worlds Largest Superyacht."
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Biggest superyacht? It’s the 590-foot Azzam … for now



When it comes to boat envy, billionaires are in a different realm as they vie to own the largest superyacht in the world.

The launch of the 590-foot Azzam — and its mystery owner — have bumped Russian billionaire Roman Abramovich’s Eclipse, at a mere 533 feet, from the top perch.Prior to Eclipse, the 482-foot Prince Abdulaziz, owned by the Saudi royal family, held the record for 22 years. And before that, American tech mogul Larry Ellison’s Rising Sun was the record holder at 454 feet and a $200 million price tag.

Azzam is not only the world’s largest superyacht, but it’s also the fastest, according to a report by CNN, with a top speed of more than 30 knots.

Building the yacht cost $605 million, which does not begin to consider the annual upkeep. In his book on the 187-foot Lady Linda, “Grand Ambition,” author G. Bruce Knecht writes that “operating and maintaining a yacht is at least 10 percent of what the thing cost.”

By that estimation, just keeping Azzam on the water could cost as much as $60 million a year.

Click here for the CNN report, which includes a slide show of Azzam’s launch.

Originally posted on Trade Only.

Launch of the AIR 77

Based in Quebec, Oxygène Yachts is gearing up to present its first hull, a 75-foot (23-meter) catamaran called the AIR 77. Grabbing attention in an industry as competitive as the luxury yacht market isn’t easy, but the distinctively sleek, glass-walled style of the AIR 77 will at least garner her a few double-takes when she debuts in Cannes this year. The brainchild of Frédéric Sarfati and Raphaël Krepser, this catamaran offers almost 3,014 square feet (280 square meters) of living space including an incredibly open main deck, allowing straight-through passage from the shaded seating on the aft deck to the expansive foredeck. This forward lounging space is accessible not only via the port and starboard walkways, but through a large hydraulic door built into the front glass wall. In fact, the entire main deck living area is surrounded by glass, making it harder to find a wall than a window. An aft staircase lifts passengers to the sundeck that is nearly invisible in profile. Due to its light weight and the use of Ultrajet/Masterjet hydrojet drives combined with twin 260 horsepower Volvo engines, the AIR 77 can reportedly reach 12 knots while only using 11 gallons of fuel per hour and maxes out at 20 knots. The AIR 77 has four ensuite guest cabins and two double cabins for crew, also ensuite.


For more information:oxygeneyachts.com

Benetti’s Ocean Paradise

This Italian yard recently celebrated the launch of the 180-foot (55-meter) Ocean Paradise, a steel and aluminum yacht that will make her debut at the Monaco Yacht Show this fall. Though she was built on an existing Benetti platform, the owner heavily customized the yacht, according to the yard, especially in terms of layout and décor. The interior design is minimalist, but shot through with bright accents and colorful patterns. The yacht also employs a lot of crystal, plexiglass and other transparent materials to make sure nothing interferes with views of the ocean. The four guest cabins are located on the lower deck while the owner’s suite takes place of pride forward on the main deck and includes an exterior terrace that can be used even when underway. Twin 2,367-horsepower Caterpillar 3512C engines propel the yacht to a top speed of 17 knots, but at 12 knots, Ocean Paradise will have a range of approximately 4,000 nautical miles. Ocean Paradise is expected to join the charter market.


For more information:benettiyachts.it