Arab Today, arab today 22nd annual yacht show wraps up in monaco
Last Updated : GMT 06:39:48
Arab Today, arab today
Arab Today, arab today

22nd annual yacht show wraps up in Monaco

Arab Today, arab today

Arab Today, arab today 22nd annual yacht show wraps up in Monaco

Monaco - AFP

As the world\'s biggest yacht, codenamed Project Azzam, nears completion under a veil of secrecy in Germany, the trend for ever larger floating palaces was on full display at the Monaco Yacht Show this week. Considered the most prestigious event of its kind in the world, this year\'s show, which wrapped up on Saturday, included a record six megayachts, notching up an average length of 80.11 metres (263 feet). These giants of the seas are around twice the size of the average superyacht, already around 45 metres in length. \"Yachts are certainly increasing in length,\" Ellie Brade, editor of Superyacht Intelligence at the Superyacht Group of publications, told AFP. To date, there have been 88 yachts of 80 metres and over delivered worldwide, and there are 19 currently under build, and according to Brade there no indication the trend is going to slow down. The most hotly awaited new build, Project Azzam, is set to become the world\'s largest megayacht, and oust Russian tycoon Roman Abramovich\'s 162-metre Eclipse from the top of the superyacht league table. Slated for delivery in 2013, the new yacht will be 180 metres (590 feet), longer than some cruise ships. It is under construction at Germany\'s Lurssen yard, although the name of its owner is kept jealously under wraps. Size in the yachting world counts for a lot, industry experts confirmed at the four-day annual show. \"There is definitely an element of \"I\'ve got a bigger boat than yours\", an executive at a leading yacht broker told AFP. \"It\'s boys with their toys. They want the biggest and the best.\" One-upmanship aside, the appeal of a megayacht is the onboard volume they offer. \"You might want to put in a cinema or a gym, so the more length you have, the more options and the more room you have,\" said Brade. The brief from the sports-mad owner of the 78.50-metre motor yacht Hampshire II, showing here this week was simple: To have fun on board. So the yacht\'s helipad can be converted into a platform for baseball, tennis or soccer, with a giant net that can be placed around the deck to keep the balls in play. A 3D cinema graces the brand new 88.5-metre Nirvana that made its world debut here, along with two on-board vivariums home to a chameleon, water dragons, bearded lizards and turtles. Megayachts are proving highly popular with people wanting to rent -- or charter as it is termed in the sector -- the yachts for holidays or business, charter brokers said here. \"There is a lot of interest in the big, recent modern boats, particularly from Russian clients,\" Fiona Maureso, head of charter at Monaco-based Yachting Partners International, told AFP. The boom has happened in spite of practical limitations -- since the largest yachts are too big to berth at many of the world\'s most beautiful ports and islands. Italy\'s fabled fishing village of Portofino is too small for very big yachts, as are many small Caribbean islands such as the exclusive St Barts. But anyone considering buying or chartering one of the superyachts on show here this week in Monaco will need deep pockets. A week\'s charter on one of YPI\'s superyachts will cost upwards of 800,000 euros ($1 million). And the largest megayacht at this year\'s show -- the luxury 90-metre-long sailing yacht Athena, which is one of the world\'s largest three-masted schooners -- is on sale from Monaco-based broker Y.CO for a cool 72 million euros.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 22nd annual yacht show wraps up in monaco Arab Today, arab today 22nd annual yacht show wraps up in monaco

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday