Quantcast
Latest Stories

Size matters at Monaco yacht show

By

A picture taken on September 19, 2012 shows yachts moored at Port Hercules in Monaco during the 22th edition of the International Monaco Yacht Show. The Monaco Yacht Show is considered the most prestigious pleasure boat show in the world with the exhibition of 500 major companies in the luxury yachting and a hundred super and megayachts afloat. AFP / VALERY HACHE

MONACO – 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 meters 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.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: leisure , Lifestyle , Monaco , Project Azzam , yacht show



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. 12 other things you can do at Pico de Loro Cove
  2. Lover’s quarrel linked to hunger – study
  3. Encounter with a ‘Mangkukulam’
  4. ‘Kamias’ for fever, ‘siling labuyo’ for headache–first aid in the kitchen
  5. How Vitamin B can be a remedy for ‘manhid’ and neuropathy
  6. Summer treat for your aspiring astronomers
  7. Sarah Geronimo and Matteo Giudicelli sing ‘All of Me’–and we all swoon
  8. Marcos grandson to wed beautiful Rocha scion
  9. 90 percent of Filipino households don’t practice proper toilet hygiene, sanitation
  10. ‘Heaven is for Real’: Nonfiction book on life after death reaches screen
  1. Dominique–Gretchen and Tonyboy Cojuangco’s daughter–now an endorser
  2. Why is the lifestyle set now afraid to wear jewelry–before Kim Henares?
  3. Marcos grandson to wed beautiful Rocha scion
  4. France makes work beyond 6 p.m. illegal
  5. Sarah Geronimo and Matteo Giudicelli sing ‘All of Me’–and we all swoon
  6. South Koreans crave Asia’s smelliest fish
  7. Ever heard of HydroBob?
  8. How Vitamin B can be a remedy for ‘manhid’ and neuropathy
  9. 90 percent of Filipino households don’t practice proper toilet hygiene, sanitation
  10. Prince William fuels speculation of second royal baby
  1. Mary Jean Lastimosa is new Miss Universe Philippines
  2. Did Angara ruin Pia Wurtzbach’s chances at Bb. Pilipinas?
  3. Dominique–Gretchen and Tonyboy Cojuangco’s daughter–now an endorser
  4. Manila in shock over model Helena Belmonte’s death
  5. Vinegar test helpful vs cervical cancer
  6. From Jeannie to mom of suicide victim
  7. San Vicente beaches hidden but not for long
  8. Borgy and Georgina are back; others are off–again
  9. Sen. Angara: I thought Pia Wurtzbach gave a good answer
  10. Ex-Givenchy model fights for ‘Yolanda’ survivors

News

  • No noise, partying in Boracay on Good Friday
  • More legal woes for Cedric Lee
  • NATO ups military presence amid Russian threat
  • DOH issues official statement on confirmed case of MERS-CoV
  • Aquino to stay at home during Lenten holidays
  • Sports

  • Tenacious Iran frustrates Qatar to retain Asian Club volleyball crown
  • Floyd Mayweather is ESPN’s top-paid athlete
  • Pistorius trial: Judge sets 2-week adjournment
  • China, Taiwan rout foes for 3rd, 5th places in Asian Club volleyball
  • Ginebra’s new import Freeman arrives, makes PBA return vs ROS
  • Lifestyle

  • Are your favorite malls open this Holy Week break?
  • Celebrate Easter Sunday at Buddha-Bar Manila
  • Moriones feast: A slow, steady transformation
  • Weaving ‘palaspas’ a tradition kept alive in Tayabas City
  • Finalists announced for best translated books
  • Entertainment

  • Filipino rock icons to hold silent concert
  • Mommy Dionisia Pacquiao’s greatest hits
  • Deniece Cornejo posts bail—report
  • Miley Cyrus hospitalized, cancels US concert
  • Otaku Summer Jam 2014: Summer’s hottest J-rock/Cosplay event
  • Business

  • Russian economy hit by Ukraine turmoil
  • PSEi firms up ahead of Lenten break
  • I-Remit teams up with Lakhoo for remittances from Oman
  • Megawide nets P1.4 B in 2013
  • Longer TRO sought on rate hike
  • Technology

  • Smart phone apps and sites perfect for the Holy Week
  • Tech company: Change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Another reason to quit social media this Holy Week: your safety
  • Opinion

  • We may never know
  • Couple of things
  • Mommy D’s magic
  • Stop bizarre and bloody Good Friday rituals
  • Holy Week taboos
  • Global Nation

  • Netizens welcome Japan’s visa-free travel plan
  • Visa-free travel by Filipinos to Japan still a proposal
  • Visa-free travel to Japan could boost tourism
  • 2 PCG men ordered arrested over Balintang Channel shooting
  • US Embassy closed on Holy Thursday, Good Friday
    Marketplace