Powerboat-World.com
 
 
News Home Video Gallery Newsletters FishingBoating Features Photo Gallery Sail-World Australia Australian Cruising
Sail-World Australia Australian Cruising MarineBusiness-World

 

Sail-World.com : Full throttle for Super, Mega and Giga Yachts

Full throttle for Super, Mega and Giga Yachts

'Roman Abramovich has plans for a 530ft gigayacht, but where will it berth?'    Jeni Bone
The super, mega and gigayacht industry shows no signs of abating, with Russian billionaire and owner of Chelsea Football Club, Roman Abramovich the latest to lay plans for a behemoth. Reports say his testament to affluence, influence and aesthetic could be up to 530 feet long.

The head of Luxembourg-based ArcelorMittal, Indian billionaire Lakshmi Mittal made his fortune in steel and spent it on steel, too, in the form of a 262', US$198.5 million superyacht.

The Amevi, launched last year, boasts a swimming pool, a helipad, a gym and room for 12 guests. Lakshmi and Roman are just two of the multi-millionaires and billionaires from emerging markets who are snapping up superyachts.

The Global Build Report, an annual survey of the world’s shipyards, said there were 799 of these vessels under construction last year worth a total of US$18.4 billion, an increase from 520 yachts in 2003.

'There has been a very big influx of new wealth discovering yachting, and the results they want from ownership are different,' says Frank Brand, CEO of Fraser Yachts Worldwide, a Fort Lauderdale, Florida-based yacht broker. 'They want to be seen.'


This sight is set to become more familiar in the world’s ports, harbours and marinas. -  Jeni Bone  


The new rich are demanding amenities such as two to 12-passenger submarines for deep-sea exploring and broadband Internet connection via satellite. The largest boats require crews of more than two dozen, and operating costs can be US$10 million a year in labour and maintenance.

While grander scale yachts are under construction and the Roman Abramovich’s 530' vessel will be the world's largest when completed this year, there are limits. Most owners require boats that can be accommodated in Monte Carlo or the harbour at St. Bart’s, which is limited to craft of 198' and under.

'But overall, the trend is bigger and bigger,' says Billy Smith, a partner at Gulfport, Mississippi-based Trinity Yachts LLC, the biggest US custom builder. 'But the more sophisticated buyers are not just going bigger for bigger’s sake.'




by Jeni Bone

  

Click on the FB Like link to post this story to your FB wall

http://www.powerboat-world.com/index.cfm?nid=44527

7:45 AM Mon 19 May 2008 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.


Power Boat News













Fort Lauderdale International Boat Show - 13 things to See and do by Fort Lauderdale International Boat Show,






























Yamaha inspires students to succeed by Yamaha Motor Australia,








Swan celebrates sales success *Feature by Jeni Bone,




Polar research: Six priorities for Antarctic science by Mahlon C. Kennicutt II and colleagues,


Stealth i14 out of China by Neil Patchett,










National 4x4 Outdoors Show and Fishing and Boating Expo - 4WD heaven
Yanmar selected for big torque at low revs
Sydney Boat Show display winners recognised *Feature
China Yachting Conference lines up the speakers
2014 National 4x4 Outdoors Show: Popularity of caravanning and camping
2015 Sydney Inte'l Boat Show - Boating Industry commences planning
Last chance to join 2014 Multihull Solutions Whitsunday Rendezvous
Dangerous conditions for boaters from this evening
Pacific Boating membership offers hassle-free boating *Feature
Marine15 expands trade, networking and B2B opportunities *Feature
2014 Auckland on the Water Boatshow - Huge prize packs up for grabs
4X4 Outdoors Show and Fishing and Boating Expo wows water lovers
John Wilson has sights set on second P1 SuperStock title
Torquay Grand Prix - Pertemps tops table on penultimate day
Plain sailing for yachts with river cargo ship ban in Shanghai
Dangerous conditions for boaters from this afternoon
Sydney Int'l Boat Show - Stellar results for Multihull Solutions
NSW Environment Minister awards 'Fish Friendly' Marina Accreditations
Refurbished Protector project 'better than buying new'
Gold Coast International Marine Expo - High-Diver Steve Black is back
4x4 Outdoors Show, Fishing and Boating Expo - Campfire cooking corner   
See the heat with FLIR ONE *Feature   
John Temple to retire, Will Sangster appointed General Manager   
Multihull Central launches Aquila range at SIBS *Feature   
If all else fails read the instructions!!   
If all else fails read the instructions!!   
Sun shines on recreational boating at Sydney International Boat Show   
Phuket Yacht Show: new kid on the block taking on PIMEX? *Feature   
2014 Offshore Superboat Championships - The boats are back!   
Sydney International Boat Show - Days 3 & 4 *Feature   
Kirby Marine launch 13metre Naiad Tender   
Shellfish reefs in Port Phillip Bay to be rejuvenated   
2014 Brisbane Boat Show - What's your trailer boat worth?   
Custom exhaust system solves buoyancy problem   
Sydney International Boat Show - Day 2 *Feature   
Marine Rescue volunteers celebrate new unit and $120,000 vessel   
Sydney International Boat Show - images from Day 1 *Feature   
Pantaenius Insurance - being seen in yellow, green and orange *Feature   
Sydney International Boat Show begins!   
Sydney International Boat Show - Changed conditions on Sydney Harbour   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png   http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL VIR PBW
LocalAds   DE  ES  FR  IT