largest yacht manufacturers in the world

Top 10 luxury yacht builders 2023

The design and build of a luxury yacht is a truly personal experience. Whether customising a design to be built, or striving to create a completely new concept altogether, superyacht owners will seek to work with a yacht builder that truly understands their vision, and can translate their dream design into a real vessel.

As Royal Huisman proudly state, “If you can dream it, we can build it!”

Those buying a new superyacht will therefore have many questions to ask themselves before settling on a suitable yacht builder and shipyard facility to carry out the project. Thankfully for these prospective owners, there are a number of luxury superyacht brands that have the ability to turn the biggest mega yacht dreams into reality.

Yachting Pages lists the world’s top luxury superyacht builders and their shipyard facilities , from A to Z, identifying some of the best superyachts in the world along the way.

Best luxury superyacht builders

1.  amels, netherlands.

Located in Vlissingen, Amels operates the largest superyacht boatyard in the Netherlands, and is known to be one of the best superyacht builders in the world.

Amels has been operating for over 100 years and offers both Full Custom and Limited Editions, ranging from 55 to 83 metres (180 to 272 feet) LOA. Built on a proven platform and delivered in half the time expected of standard construction superyachts, all 20+ Limited Editions projects have so far been delivered on or ahead of contract, with 55-metre (180-foot) Galene among the most recent to emerge from the yard. With several new projects currently under construction, Amels is likely to be among the top superyacht shipyards for many years to come.

2. Benetti, Italy

Founded in 1873 and headquartered in Viareggio, Benetti is the world’s largest builder of superyachts by number built, with a production capacity of 100 units per year.

Most famous for building Sir Philip Green’s 90-metre (295-foot) Lionheart in 2016, 2019 was its breakthrough year with its first 100-metre+ (328-foot+) deliveries of Lana, Luminosity and IJE. This gave Benetti 2 nd , 3 rd and 4 th spots on the Top 10 Largest Superyachts Delivered in 2019 . Luminosity is widely believed to be valued in excess of €200,000,000 and is listed with Fraser and Burgess (as of November 2020).

3. Feadship, Netherlands

The home of full-custom superyachts, Feadship is one of the few shipyards worldwide that works to create completely custom yachts. It has worked with superyacht owners since the 19 th century to create one-off luxury motor yachts that are truly unique.

Feadship currently has four shipyard facilities in the Netherlands, with expansion underway at its Amsterdam facility in Western Harbour to offer the ability to build motor yachts as long as 160 metres (525 feet). To date, there are over 250 Feadship yachts in navigation, including 99-metre (324-foot) Madame Gu, 99.95 (327-foot) Moonrise, 101-metre (333-foot) Symphony and 110-metre (361-foot) Anna.

4. Fincantieri Yachts, Italy

Fincantieri Yachts specialises in full-custom luxury pleasure yachts over 70 metres (230 feet) with no upper limit to the size or volume that it can produce. The builder currently has a range of concepts and projects, including 70-metre (230-foot) superyacht Blanche.

Having manufactured in excess of 7,000 vessels in its 230-year history, Fincantieri has a network of 18 shipyards across four continents, two design centres and a research centre, making it one of the largest Western shipyards in the world.

5. Heesen Yachts, Netherlands

Heesen Yachts is known as one of the world’s luxury yacht builders, specialising in custom superyachts in the 30- to 65-metre (98- to 213-foot) range, but with the additional capability of building vessels of 80 metres (262 feet) and above.

With a focus on quality and innovation, Heesen has created many custom yachts with no two yachts the same. Founded in 1978, it was the first Dutch shipyard to employ aluminium for yacht hulls. In its 42 years, it has delivered more than 170 yachts, with aluminium, steel, displacement, semi-displacement and revolutionary fast displacement yachts making up its fleet. Its most famous vessels include the 65-metre (213-foot) Galatica Star, 70-metre (230-foot) Galatica Super Nova and 55-metre (180-foot) Serenity.

6. Lürssen, Germany

Based in Germany, Lürssen is one of the world's leading shipyards for large luxury yacht building, with a focus on excellence in custom-built superyachts. A family-owned shipyard for four generations, it can claim the accolade of building the world’s first motor yacht back in 1886.

Responsible for building more than 13,000 vessels since 1875, Lürssen currently has eight shipyard facilities in Northern Germany, each specialising in a specific size of yacht ranging from 60 to 220 metres (197 to 722 feet) in length. Together these facilities offer 1,125,000 metres squared of space for new builds, as well as refit, repair and maintenance services.

Lürssen builds some of the largest luxury yachts in the world, including the iconic Azzam, the world’s current largest superyacht at 180 metres (590 feet) LOA.

7. Nobiskrug, Germany

Having just celebrated its 115 th anniversary, Nobiskrug began shipbuilding long before the term ‘superyacht’ was even coined. Drawing on its extensive experience in seagoing vessels, the shipyard turned to yacht building in 2000 with the completion of its inaugural superyacht project, the 92-metre (302-foot) Tatoosh. It has since delivered an impressive portfolio of innovative custom-built superyachts, pledging to work on a single project for a single client to build superyachts ready for the 22 nd century. A big statement of intent.

With two facilities in Northern Germany, the boatyard can currently build vessels ranging from 60 to 426 metres (197 to 1398 feet) in length. Over 1000 in-house employees work across the two sites, where they have developed and built numerous award-winning superyachts, including one of the industry’s most talked about vessels, 142-metre (466-foot) Sailing Yacht A.

2020 saw the launch of 80-metre (262-foot) Artefact. At 2,999 GT, Artefact is now the largest 80-metre superyacht by volume in the world and is one of the world’s first superyachts to meet IMO Tier III emissions regulations.

8. Oceanco, Netherlands

Oceanco specialises in building sophisticated custom yachts ranging from 80 to 140 metres (262 to 459 feet) in length. Offering a highly personal service to clients, Oceanco is positioned with state-of-the-art yacht building facilities in the Netherlands, and a design, sales and marketing office in Monaco.

The builder celebrated its first launch in 1992, and almost 30 years later its portfolio now includes well-known superyachts such as the 95-metre (311-foot) Indian Empress, 82-metre (269-foot) Alfa Nero, 88.5-metre (290-foot) Nirvana and 91.5-metre (300-foot) Equanimity.

9. Perini Navi, Italy

The Perini Navi Group is made up of four independent companies that operate in five specific markets: sailing yachts up to 60 metres (197 feet), large sailing yachts more than 60 metres, racing sailing yachts, fast cruising sailing yachts and Picchiotti motor yachts.

To date, the group has launched 58 sailing yachts and four motor yachts. Its track record for innovative sailing yachts has seen it set the standard for excellence in the sector, launching more yachts over 50 metres (164 feet) than any other builder. It's responsible for the iconic 88-metre (288-foot) three-masted schooner Maltese Falcon, which currently holds the title of the sixth largest sailing yacht in the world, and other award-winning sailing yachts, such as the 73-metre (239-foot) Nautilus, 70-metre (229-foot) Badis I and 64-metre (210-foot) Spirit Of The C’s.

10. Royal Huisman, Netherlands

Established in 1884, Royal Huisman is the only shipyard with two entries in the top 10 largest sailing yachts ever built. The 2020 launch of 81-metre (266-foot) Sea Eagle II was its tenth sailing yacht over 50 metres (164 feet) and its biggest yacht since 90-metre (295-foot) Athena in 2004, which was then the largest sailing yacht in the world. Despite being renowned for its luxury performance sailing yachts, Royal Huisman’s largest delivery in 2021 is expected to be “Project 403 PHI”, a featherweight 55-metre (180-foot)+ aluminium motor yacht under 500GT.

Discover how to choose your luxury yacht builder or alternatively  search for superyacht shipyards .

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The Top 10 Best Yacht Builders In The World

Here is our list of the best yacht builders on earth. Deciding which shipyard will build your luxury yacht is a complex and deeply personal choice, depending on many factors including the level of customization you want, your budget, the location of the shipyard, and the ‘feel’ you get for the yard’s vision and people.

Our list of the best yacht builders is naturally subjective and will not feature every well-known brand. Our short selection includes a range of shipyards, from manufacturers of the some of the most iconic custom-built superyachts to hugely popular production yacht builders.

Here are the best yacht builders on earth, sorted by region.

Usa – best yacht builders.

Westport is one of the dominant players in the American yacht-building market, with a hugely popular range of tri-deck and raised pilothouse motoryachts built from composite materials. Their models range from from the 112′ to 164′ (34m to 50m) series, allowing the yacht owner to customize the interior layout without the high cost and long timescale of fully-custom construction. As the largest American yacht building company in operation, Westport has a proud history of high quality yacht manufacturing dating back to 1964, with over 100 superyachts and over 170 fishing vessels launched from their Pacific Northwest Shipyard. Westport yachts are extremely popular in the US brokerage and charter market and have a reputation for holding their value well. View current Westport yachts for sale .

Christensen Yachts prides itself on the construction of American-built custom and semi-custom superyachts from fiberglass, including well known yachts M/Y CASINO ROYALE, M/Y SILVER LINING and award-winning M/Y ODESSA. Founded by superyacht owners, Christensen has a loyal following of yacht owners, many of whom are repeat customers. Currently producing yachts at its Vancouver, WA yard between 100’ to 165’ (35m to 50m) in length, Christensen was bought out in 2015 and is in the process of building America’s largest superyacht facility in Tennessee, which will construct vessels up to 70m. View current Christensen yachts for sale .

Northern Europe – Best Yacht Builders

German superyacht builder Lurssen 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, Lurssen is a family-run shipyard with a prestigious yacht building heritage spanning back to 1875, when it constructed the first ever motoryacht. Lurssen is the builder of 5 of the top 10 largest yachts in the world. View current Lurssen yachts for sale.

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. Dating back to 1849, Feadship creates fully custom yachts from a ‘blank slate’ beginning, priding themselves on creating supremely unique, innovative yachts that stand the test of time. There are 450 bespoke yachts currently afloat in the Feadship fleet, including M/Y HASNA, a 239’ (73m) with a revolutionary layout. Read more on Dutch yacht builders . View current Feadship yachts for sale .

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. Amels offer a fully custom yacht building service, as well as their exceedingly popular Limited Edition Series, whereby the yacht owner retains control over interior and exterior design but the yacht is built on a proven platform, thereby slashing the build time. Amels also builds support yachts through their parent company, DAMEN, a heavyweight in global shipbuilding. View current Amels yachts for sale .

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, and the hybrid propulsion utilized in the 2017 launch of M/Y HOME. With a fleet of over 170 yachts launched since inception in 1978, Heesen is known for pushing the boundaries of what is possible in superyacht design and engineering. Heesen builds motoryachts between 100’ to 265’ (30m to 80m) in length at its Oss shipyard. View current Heesen yachts for sale .

Now owned by Lurssen, Blohm + Voss is a yachting powerhouse in its own right, constructing magnificent large superyachts including the iconic MOTOR YACHT A and 531’ (162m) M/Y ECLIPSE, currently the third-largest yacht in the world. The vast Blohm +Voss facility in Hamburg, Germany creates striking custom motoryachts and sailing yachts. View current Blohm +Voss yachts for sale.

Mediterranean – Best Yacht Builders

Benetti is a powerhouse of luxury yacht building, with a very healthy order list and a boat- building pedigree stretching back to 1873. Since 1960, Benetti has been constructing superyachts in Italy, including iconic yachts MY KINGDOM in 1980, then the largest yacht in the world at 280’ (85m), right through to recent launches such as the award-winning M/Y 11.11. Benetti is part of the Azimut-Benetti Group, the largest producer of luxury yachts in the world, building semi-custom and fully custom yachts between 100′ and 330′ (30m and 100m) long. Known for their Italian style and long history of yacht construction, Benetti has a loyal following of yacht owners who return to the yard each time they upgrade. View current Benetti yachts for sale .

The creators of one of the most well-known yachts on the planet, S/Y MALTESE FALCON, Perini Navi enjoys a superb reputation as a sailing superyacht builder, and also entered the large motoryacht market in 2007 under its Pichiotti brand. Perini Navi yachts are known for their superyacht luxuries and interior volume, as well as the technically brilliant sailing systems that allow these large yachts to be operated by a small crew. Perini Navi dominates the sailing superyacht market with its range from 130’ to 200’(40m to 60m), constructed at their three shipyards in Viareggio, La Spezia in Italy and also in Istanbul. View current Perini Navi yachts for sale .

UK – Best Yacht Builders

Sunseeker is one of the most instantly recognizable names in the yachting world, building performance luxury yachts known for their speed and sleek looks. Once better known for their smaller sport yachts, Sunseeker is now a major player in the superyacht market, with customizable yacht models from 75′ to 155′, as well as constructing the Predator range with a top speed of 45 knots. Built and engineered in Dorset, UK, Sunseeker is Britain’s most famous luxury yacht builder, creating the hand-finished yachts regularly featured on James Bond films. View current Sunseeker yachts for sale .

Worth Avenue Yachts has extensive experience with each of these yacht brands. To find out more about the relative advantages of these shipyards or the other high-quality shipyards that we recommend, please contact us for an expert discussion.

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The Best Luxury Yacht Builders in the World

With prices heading into the billions, it pays to know who's who in the world of luxury yachting.

By Kim Ayling

With each builder claiming to be the best, the world of luxury yachting can be tricky to navigate, even for those who already have a considerable level of expertise. And as the industry continues to rapidly expand , there’s never been a better time to know who’s who within the boat world. From the small-scale boutique builders to the pioneering companies striving for innovation, we’ve narrows down eight of the most renowned luxury yacht builders in the world.

In line with Elite Traveler’s ongoing commitment to responsible luxury, we celebrate the stellar efforts that each of these featured yacht builders have made to reducing the impact of its builds and operations.

From lighter materials and onboard energy solutions, to hybrid motors and marine conservation funding, these luxury yacht builders are not only leading the future of luxury yachting, they’re protecting the oceans too.

[See also: The Best Superyacht Charter Itineraries in the World]

Recognized as a world leader in building pure custom yachts, Feadship has been in pursuit of building the perfect ship since its inception in 1949 – although the brand can trace its roots back another 100 years. With each new ship that Feadship builds, its team employs the most cutting-edge methods and materials available, which when paired with its unpromising attitude toward fulfilling its clients’ desires, promises to deliver some of the most technically advanced yachts in the world – including the recently revealed Project 817 , which has now been delivered as Viva.

Viva remains a groundbreaking yacht build, with Feadship revealing ambitious aims to keep her environmental impact as low as possible. The 308-ft eco-friendly yacht features an advanced hybrid propulsions system that allows the yacht to travel at 12 knots on diesel-electric power. The ship’s hull has been designed with efficiency as a priority to reduce the energy needed to travel through the water.

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The Dutch company has locations throughout The Netherlands, with its headquarters and design and engineering center found in the northern city of Haarlem.

feadship.nl

Dutch yacht building outfit Oceanco was initially founded in 1987 – but it was only in 2002 (when Oceanco found itself in the hands of new owners) that the switch was made to focusing on 260-foot plus superyachts, drawing on old-world Dutch craftsmanship to build the yachts of the future. The award-winning company prides itself on its design-led builds, and in addition to employing its own forward-thinking design team, works with industry-leader designers such as Andrew Winch, Terence Disdale and Sam Sorgiovanni.

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Environmental awareness is core to each Oceanco project, with the aim of not only meeting but surpassing environmental legislation with each build. Even its largest yacht to date – the 394-foot Redentore, which is still under construction – is impressively efficient thanks to her hybrid propulsions system, which keeps fuel consumption to a minimum. Other noteworthy Oceanco’s builds are the striking three-masted Black Pearl , which is powered by a combination of wind power and electric propulsion motors, and one of its latest concepts, Esquel  – an advanced expedition vessel.

oceancoyacht.com

[See also: Twenty for 20: Innovative Yachts of the 21st Century]

Dutch luxury shipbuilder Heesen has received worldwide recognition for its engineering and design prowess since launching in 1978. Heesen proudly pioneers the use of aluminum, which is widely regarded as the premium yacht-building material thanks to its lightness owing to better efficiency. As well as full custom builds, Heesen offers a platform concept that features semi-custom yachts already under construction in order to dramatically cut down delivery waits, without compromising on quality.

One of Heesen’s most notable yachts is Alive, which was the first to feature the revolutionary Hull Vane technology (underwater foil) for greater efficiency and speed, resulting in up to 30% less fuel consumption than a regular yacht. Other celebrated Heesen’s builds are Home and Electra , delivered in 2017 and 2020 respectively, both of which were in the award-winning 5000 FHDF aluminum hybrid class and came as a result of Heesen’s strive to limit the environmental impact of yachting.

heesenyachts.com

Part of the Azimut-Benetti Group, Benetti Yachts can trace its shipbuilding heritage all the way back to 1873 when the Fratelli Benetti shipyard was founded in the Tuscan city of Viareggio – the center of classic Italian shipbuilding. While much has changed in Benetti’s near 150-year lifetime, its focus on building state-of-the-art yachts to impeccably high standards has not, cementing its status as one of the best luxury yacht builders in the world.

As concerns on the environmental impact of private yachts have grown over time, Benetti has adapted its methods accordingly, utilizing hybrid technology to ensure its ships are at the forefront of sustainability. For example, when the Luminosity was first delivered in 2019 she was hailed as one of the greenest superyachts on the sea. The 352-foot yacht features advanced diesel-electric hybrid power, with her powerful battery providing up to 12 silent and emission-free hours at anchor.

Of course, sustainability doesn’t come at the cost of style: the Luminosity features a stunningly designed interior courtesy of Zaniz Jakubowski, with full-length windows drawing the outside in, and tasteful nods to contemporary artists creating a true home away from home.

benettiyachts.it

[See also: Superyacht Builders Heesen on Impacts of Covid-19 Pandemic]

Europe rules the roost when it comes to the top yacht builders in the world – the fifth in our list hails from Germany, with eight yards dotted throughout the country including main sites in Bremen, Hamburg and Rensburg. As with most yacht building companies, Lürssen is family run having been first founded in 1870 by Friedrick Lürssen. Since then the company has developed an esteemed reputation as one of the best in the world, breaking many records along the way, including the longest yacht in the world with Azza in 2015, which measures 592 feet, and Flying Fox which is the largest superyacht available for charter.

Lürssen’s latest superyacht is the sizeable 465.5-foot Nord (previously called Project Opus). Nord transcends the typical design of a superyacht thanks to the work of Italian design studio Nuvolari-Lenard, which was responsible for the yacht’s striking interior and exterior.

As is becoming standard for leading yacht builders, Lürssen is acutely aware of the negative environmental impact of both building and owning yachts. It is taking appropriate action to help mitigate this damage, including providing significant funding to marine life charities and conservation projects and implementing pioneering technologies such as onboard compact silencers and hybrid motor concepts.

lurssen.com

Royal Huisman

With a history that dates back to 1884, Dutch shipyard Royal Huisman proudly stakes a claim as one of the oldest yacht builders in the world. While the company was originally founded to build modest wooden fishing boats, its operations have deftly grown with the times, and Royal Huisman is now responsible for some of the finest and most luxurious yachts cruising the ocean today.

Although best known for its stunning sailing yachts ( Sea Eagle II, Ethereal  and  Aquarius  are particular knock-outs) Royal Huisman has also successfully branched out into the world of motor yachts. Its most recent build is the 192-ft Phi,  which was delivered in 2021. This super-slick aluminum yacht has space for up to 12 guests and since her maiden voyage, has been seen cruising on the Thames through London’s financial district. An apt setting for a yacht of this caliber.

royalhuisman.com

Damen Yachting

Damen Yachting, which falls under the umbrella of the wider Damen Shipyards Group, is another Dutch yacht builder dominating the world stage. Operating as Damen’s building division, Damen Yachting was only formed in its existing state in 2019 and is now responsible for the building of the famous Amels yachts, as well as the SeaXplorer expedition ships and yacht support vessels. Since moving its Amels building operations to Vlissingen in 2003, Damen Shipyards proudly boasts the largest superyacht facility in the Netherlands.

As a company of this magnitude, Damen Yachting naturally has some impressive builds under its belt, including the newest in the Limited Editions semi-custom range: the Amels 60 . Currently under construction with an estimated delivery of 2022, the 197-foot Amels 60  uses a fuel-efficient hybrid propulsions system to slash emissions, cut noise pollution and minimize fuel and maintenance costs.

damenyachting.com

Italian-born Sanlorenzo is continuously regarded as being among the best in class when it comes to yacht builders and has been the recipient of numerous awards in its near-65 year lifetime. Despite Sanlorenzo’s longevity and established status, it remains a truly boutique luxury yacht builder at heart. To ensure the attention to detail and high quality for which it is famous for, as well as securing exclusivity for its clients, Sanlorenzo is committed to working with a limited number of customers each year.

In true Italian style, the superyachts that leave Sanlorenzo’s main La Spezia shipyard transcend trends; instead, they exude classic style and authentic craftsmanship. Combined, this guarantees a truly timeless finish – of which the current flagship Attila is a perfect example. Sanlorenzo specializes in fiberglass, steel and aluminum, ensuring that each owner can select a material to befit their needs.

sanlorenzoyacht.com

Despite dating back over a hundred years, German luxury yacht builder Nobiskrug always has one eye on the future with a steadfast commitment to innovation. Nobiskrug offers fully custom yacht builds, working directly with owners to fulfill their unique vision, as well as working on ship refits. The company operates out of world-class yacht-building facilities in the city of Rendsburg, which include a climate-controlled superyacht hall.

The need to strive for innovation extends to Nobiskrug’s environmental commitments, where it applies advanced technologies in order to limit the impact of its builds. For example, Artefact – which was first delivered in 2020 – was one of the first superyachts to be built in line with the IMO Tier III regulations (which focus on reducing emissions). Artefact uses onboard solar panels and a battery storage system to allow for a limited period of engineless operation, as well as adopting a waste-water recycling system.

nobiskrug.com

[See also: Discovering the World’s Most Exciting Superyacht Concepts]

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World’s Best Luxury Superyacht Builders, 2020

To begin with, those buying a new superyacht will, therefore, have many questions to ask themselves before settling on a suitable yacht builder and shipyard facility to carry out the build. Thankfully for them, there are a number of luxury superyacht brands that have the ability to turn the biggest megayacht dreams into reality: Elite shipyards with a reputation for excellence.

From Germany to the Netherlands, Italy, and the United States, the superyacht industry employs highly skilled craftsmen and women at shipyards around the globe. The handcrafted vessels can be seen in bodies of water from the Mediterranean to the Bahamas, providing enjoyment for those on board. Here we highlight the best superyacht shipyards in the world.

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Delivered in 2016, Dilbar is the largest motor yacht in the world by gross tonnage. She is one of the most complex and challenging yachts ever built, in terms of both dimensions and technology. At 15,917 tons, the 156-meter superyacht features entertainment and recreation spaces never before seen on a yacht. These include a 25-meter swimming pool that holds an incredible 180 m³ of water, the largest pool ever to have been installed on a yacht. The exterior design, a classic profile with a light ivory hull and bronze accents, was developed by Espen Øino International. Her spectacular interior, created by the Winch Design team, uses rare and exclusive luxury materials.

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• Lurssen Yachts

Developed by German shipyard Lürssen, construction of Project Luminance is underway at their facilities near Lemwerder. Due to enter the esteemed list of the Top 10 largest superyachts in the world, information about the 145m superyacht is limited at this moment in time. Lürssen are world-famous for their incredible innovations and their capacity to build extremely large mega yachts filled with numerous features. Photos that have been captured of the boat indicate that she will have considerable deck space with plenty of room left over indoors to be packed out with luxury.

KORU is a 125m sailing yacht delivered in 2023. She is a classically elegant three-mastered schooner with a rich blue hull and canoe stern. She has ample deck space for guests to enjoy and features three jacuzzis and a swimming pool. Her interior decor is timeless, with natural wood tones complemented by a palette of warm neutrals and patterned textiles.

Project JAG, launched in 2023, was sold in 2019 at the Monaco Yacht Show and was first seen 2021, in which her hull and superstructure were revealed. Since then, she has been a highly anticipated launch from Lürssen. She is an impressive build with a LOA of 122m, with exterior design by Nuvolari Lenard and interiors penned by Reymond Langton. She has a sleek and sophisticated profile, with monochromatic black and white tones accented with splashes of red; an eye-catching launch at the Schacht-Audorf facility. Project JAG can accomodate up to 20 guests across 11 staterooms, taken care by a crew of 40, ensuring the ultimate luxury experience. She has a beam of 17.8m, boasting exceptional space on board, so guests can have the most comfortable experience possible.

RENAISSANCE

• Freire Shipyard

Previously known as NB-724, Freire Shipyard's RENAISSANCE was successfully delivered in 2023. She is a 112m superyacht, able to accommodate 36 guests across six decks. She marks an historical milestone for Freire Shipyard, as she is the largest and highest tonnage yacht built in Spain to date, weighing 7,200 GT.

Sold in 2018 by Moran Yacht & Ship, SHACKLETON, previously known as Project ICECAP, is a 107m motor yacht who is said to be equipped with state-of-the-art technology in particular reference to energy saving and diesel electric propulsion. Icecap boasts a rugged explorer profile, a far cry from Lürssen’s typically streamlined recent launches and suggesting a new venture for the yard in design and build. Icecap will weigh in at over 6500 GRT and come with extra energy efficiency, power storage and heating systems throughout in line with an advanced sustainable ethos from the German yard.

Project 1050H is undoubtedly one of the superyacht industry’s most closely-guarded secrets. Launched on the 10th January 2023 from Oceanco’s construction facilities in The Netherlands, 1050H could be considered neither a newbuild, refit, nor conversion, but a fundamental rebuild of unprecedented scale, involving a complete transformation of a heritage superyacht. Oceanco dared to go further than the usual conversion project with 1050H. It is the first time a superyacht has been comprehensively recreated to deliver a complete future-proof vessel where no single element has remained the same. 1050H displays a modern exterior aesthetic, including a completely new superstructure, penned by Reymond Langton Design. The design studio also worked with the owner to conceive a fresh new interior. The A Group’s Richard Hein, who was at Oceanco during the original superyacht build, acted as the Owner’s independent representative for the project.

Delivered in 2023, NORN is a 90m yacht which boast the highest standards of craftsmanship and innovation. Espen Oeino's exterior design features precise geometry with flat surfaces, straight lines and angular corners. Comfort and entertainment have been equally considered in NORN's design, with zero-speed stabilisers ensuring the most comfortable ride possible and stand-out amenities such as an outdoor cinema annd a liftable pool floor with dance floor illumination.

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Forget Hot Baths. Turkey Is Now the World’s Third-Largest Builder of Superyachts.

The country's long boatbuilding heritage, cheap skilled labor and top european design partners add up to some of the world's finest launches., julia zaltzman, julia zaltzman's most recent stories.

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Turkey, known for hot baths, baklava and fine leather goods, is also a serious contender in yacht building.  But since marketing is not one of its strong suits, the country could stay the best-kept secret in the superyacht world. A rich maritime heritage, pedigree craftsmanship and low wages have created a niche that positions the country at the heart of yacht production.

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The collection of brands dotted along Turkey’s Mediterranean coastline include Turquoise, Akyacht, Alia, Vicem, Sirena, Dunya and Bilgin, along with lesser-known builders. After it’s delivered later this year, Dream Symphony —a magnificent 462.7-foot schooner built by Dream Ship Victory—will become the largest private sailing yacht in the world, knocking the Dutch-built Black Pearl off the podium.

There have been some impressive names to come out of Turkey, including the sailing yacht Maltese Falcon , the 348-ft. Dream, 253-foot Go , and the 236-foot Axioma , among dozens of others.

The 279-foot Victorious was delivered earlier this summer to its new owner, and made its public debut at the Monaco Yacht Show.  Courtesy Akyachts

At the Monaco Yacht Show two weeks ago, Bilgin displayed the first of its 263 series, Tatiana . Its interior includes walls and furniture of rich Macassar ebony, eucalyptus and different marbles, and the exterior has a sleek, sexy profile. Lead designer Emrecan Ozgun of Unique Yacht Design said his firm went all out to avoid “high-dosage design clichés” throughout the boat, making it one of the most contemporary, elegant launches this year.

Another major launch at Monaco was Victorious , a 279-footer from Akyachts, a new yard that the owner established to build the sleek superyacht. London-based H2 Yachts did the contemporary interior design, putting paid to the notion that Turkey’s designs lag behind the European builders.

“It’s now accepted that Turkey ranks third in the world for yacht construction in terms of total feet, after Italy and Holland,” Alexei Mikhailov, founder and president of Bering Yachts, told Robb Report . “In my opinion, it will soon be considered second.”

Interiors, like this salon on Victorious , are often designed by leading European design firms.  Courtesy tkkkkk

In April 2021, Bering’s 78.7-foot B77 explorer Veronika was delivered to her Australian owner. It’s the first of four deliveries planned by the shipyard this year, including a Bering 70, Bering 92 and Bering 76. Mikhailov believes the fiscal benefits of Turkey’s 18 Free Zones (VAT-free, tax-free and duty-free) make yacht building more accessible.

The Antalya Free Zone is the main yacht-building hub, accounting for around 80 percent, followed by Istanbul’s Tuzla district and Bodrum in the Muğla province. In 2019, 47 superyachts with a total combined length of 2,630 feet came out of the Antalya Free Zone, generating $95 million in revenue. The cross-section of owners came from the Netherlands, the U.S., Qatar, Croatia, the Ivory Coast, Portugal, Jamaica, Russia, Oman and Djibouti.

But Turkey’s appeal cuts deeper still. It has a solid artisanal workforce, a phenomenon that has arisen from the country’s longstanding manufacturing history and bespoke furniture making. And when the risk of a shipyard going bankrupt is taken off the table, the opportunity becomes even sweeter.

Bering Yachts has made its name for its series of explorer yachts under 100 feet.  Courtesy Bering Yachts

“Purchasing a new build in Turkey is different from anywhere else in the world,” says Mikhailov. “The certificate of ownership is issued to the owner by the federal government from the very start of construction, which means Turkish shipyards effectively work for hire. So, it’s a really safe and transparent way of boat building that puts the owner in control from the beginning.”

In Bursa, at its 1.7-million-sq. foot yard, Sirena Yachts is making waves with its flagship 88, the shipyard’s largest model to date. Hulls three and four delivered in June 2021 to their Canadian and Spanish owners. The Canadian owner plans to live aboard for seven months a year, cruising the Bahamas and Caribbean. Eight hulls have sold in total to owners from Russia, North America and across Europe.

“The Sirena 88 is not a first-time user type of boat,” Ali Ongar, CCO at Sirena Yachts told Robb Report . “It’s designed for the owner who knows what they want. It’s a real hybrid, combining the American trawler-style of boat with superyacht speed and finesse and a bespoke interior, if required.”

The complex, multi-deck stern of Tatiana.   Courtesy Bilgin Yachts

Building speculation boats, Sirena Yachts has created a rapid lead time of just two years. But if an owner steps in up to 10 months before delivery, they still have the option to customize their yacht interior. “We never stop building our hulls,” says Ongar. “We can build a 58-foot yacht from start to finish in four months, so that means we have the capacity to deliver one boat every 35 days throughout the year. That’s the beauty of building on speculation.”

Many Turkish yards are also collaborating with established European designers to further elevate the status of the yachts. Ken Freivokh and Dykstra Naval Architects are the names behind Dream Symphony and Cor D. Rover penned Sirena 88’s interior.

Sirena 88 facing the world, bow-on.Meanwhile, Evadne Yachts in Istanbul has also collaborated with Vripack to produce an entire series of Rock models, ranging between 80 and 138 feet. “When you pair world-class design with Turkey’s competitive boatbuilding edge, you create the ultimate talent pool,” Ali Sayakci, owner of Evadne Yachts, told Robb Report .

If the growing demand for new yachts following this year’s Cannes and Monaco yacht shows is any indication, Turkey’s boatbuilding sector could be in for a strong run over the next three years. “We have the best address in the world for semi-custom yachts,” says Sayakci.

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Top 10 Luxury Yacht Builders In The World

Learn a little more about some of the best luxury yacht builders in the world.

Luxury yacht building is a highly specialized field that requires many years of specialized training. A luxury yacht is more than just a floating getaway. It is a crafted product designed to provide unparalleled comfort and style. Luxury yachts vary in design, size, and amenities. Some are as small as 40 feet in length, while others can reach over 200 feet in length.

With such a variety of models available, yacht builders must have advanced design skills to stand out in the pack. They should also have a thorough understanding of building materials and construction. The luxury yacht building field is dominated by a few large companies.

These firms work with their in-house design teams and a network of subcontractors to produce some of the most stunning yachts in the world. Some of the world’s most notable luxury yacht builders are listed below.

1) Feadship (Netherlands)

Feadship was founded in 1949, and it is one of the world’s largest yacht builders. The company enjoys a high standard of success due to its long history of producing quality luxury yachts. In 1952, Feadship hired a young Dutch architect named Michel Vrijenhoek, who would eventually take over in 1962.

That is when the company founder retired. Under Vrijenhoek’s leadership, Feadship continued to excel in design and construction. That led them to international success. The company built its first yacht in 1983 and continues to create some of the most stunning models.

2) Amels (Netherlands)

Amels is another prominent Dutch yacht builder founded in 1927. The company has also been active for over a century. Unlike other companies on this list, Amels was not founded by a single man. Instead, it was formed from the merger of several smaller companies operating together since 1894.

In 1961, Peter Kropf became the company’s first designer, which would lead to decades of success. That is because he introduced modern design ideals. These designs shifted the company from 19th-century traditions toward more contemporary yachting artistry.

Today, Amels vessels are associated with sophisticated engineering and innovative features. These may include concealed underwater engines and integrated mooring systems.

3) Fincantieri (Italy)

Fincantieri is the oldest privately-owned shipbuilding company globally and a major supplier of Italian warships. The company was founded by Nicola Fabrizi and his two sons, Gabriele and Francesco, in 1959. Today, the company retains this same familial structure. The structure that has seen three generations of Fabrizi’s pass through the ranks of management.

Together, they have produced over 65 yachts for clients such as Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud. He used their vessel to re-establish diplomatic ties with Italy after 70 years.

4) Oceanco (Netherlands)

Oceanco, founded in 1987, is a leading yacht building and engineering company in the Netherlands. It grew out of a small marine engineering firm called “De Reefers.” It has since expanded into the construction of similar pumps used on ships.

As shipyards have become more sophisticated, shipbuilders have turned to Oceanco as one of their primary pump suppliers. This relationship has allowed Oceanco to expand its overall business.

5) Nobiskrug (Germany)

Nobiskrug was founded in 1905 and is one of Germany’s largest and most advanced yacht builders. They specialize in high-end yachts for the super-rich, including Germany’s Chancellor Angela Merkel. Their current German flagship is “SENSATION” – a 164′ motor yacht with a swimming pool and helipad.

6) Benetti (Italy)

Benetti Yachts is Italy’s most elegant yacht builder. Founded in 1873, Benetti has become an international leader in ultra-luxury yacht construction. It focuses on the super-rich and VIP clients.

The company is known for its luxury motor yachts which are among the most advanced. “Infinity” is one of Benetti’s latest creations, a 175′ motor yacht with eight decks and an interior designed by Gucci.

7) Lurssen (Germany)

Lurssen is Germany’s leading builder for high-end yachts, specializing in super-yacht construction. They have built many of the world’s most advanced super-yachts, including “Aurora”. It is a 160′ motor yacht with two helipads and a master suite designed by Nelson Mandela, who had the ship built on his 64th birthday.

8) Christensen (USA)

Christensen Yachts is an American luxury yacht builder specializing in ocean-going yachts. The company focuses on high-end buyers. They are known for their sleek, futuristic designs.

Christensen yachts is popular for its high-tech and futuristic designs. It aims to create boats that have a futuristic look, with futurist details like carbon fiber used for the interior and a glass hull.

The most common materials used for the exterior are aluminum and composite materials. These materials give the yacht a sleek, futuristic look. The company has raised over $30 million for the construction of its yachts.

9) Perini Navi (Italy)

Perini Navi is a yacht designer in Italy. Perini Navi designs yachts for clients looking for a high-end, luxurious luxury experience. They have built over 30 yachts in the past decade. Their yachts have been featured on many television shows and in several movies.

Their latest yacht designs include the ‘Hugo’ and ‘Cristina’ models. The company has also designed larger custom yachts for their clients. That includes including the first Ulysses Class yacht for the Italian Navy.

10) Royal Huisman (Netherlands)

Royal Huisman is a yet another luxury yacht builder stationed in the Netherlands. The company designs and builds luxury yachts that are perfect for the discerning yacht owner. They have many years of experience building high-end luxury yachts.

The company’s luxury yachts feature the use of gold, platinum, and precious stones for decoration. Royal Huisman’s yachts are built primarily in the Netherlands, with some boats being built in Taiwan, Scotland, and Germany.

It is important to remember that while these companies’ yachts may be beautiful, they do not rest on their laurels. Rather, they spend many hours designing and building the yachts. No matter how much money you have, there is no such thing as a perfect yacht. That is because perfection is elusive to anyone who has ever been aboard a yacht, and thee same is true for any yacht builder.

If you’re ready to experience the feeling of luxury that yachting can give you, book your San Diego yacht charter with us today and head out on the water for a true taste of luxury with your family friends or staff!

To learn even more about renting a yacht in San Diego, please visit our articles page!

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Despite the pandemic, the superyacht world continues to welcome new entries. These are the world’s biggest yachts by length.

Even in a pandemic, the size of the global superyacht fleet keeps on growing. The top 25 largest yachts in the world now total a combined 11,849 feet, with the smallest yacht on the list,  Maryah , measuring a whopping 410 feet. Built by shipyards all over the world—from the Netherlands to the United Arab Emirates, Italy, Turkey, Greece and the United Kingdom, to name just a few—new launches and refits are delivered each year. The 2021 newcomers hail from Lürssen, Dream Ship Victory and Lloyd Werft. With many new gigayacht builds in the pipeline, the list will be much more competitive in the coming years. Here are the world’s top 25 yachts by size, from  Maryah  to  Azzam.

25. ‘Maryah’ (410 feet, 1 inch), Neorion

Neorion’s  Maryah  Photo: Manuel Hernández LafuenteWATCH

This former Russian research vessel was originally launched by the Szczecinska yard in Poland. In 2010, it underwent a five-year rebuild at the Elefsis yard in Greece. The stodgy research vessel that went in reappeared in 2014 as a thoroughly modern custom-built superyacht. The UK-based  H2 Yacht Design  did both the interior and exterior, incorporating all the luxuries one would expect in a yacht this size. The swimming pool, spa, contemporary decor (including custom furniture, signature joinery, and bespoke details like fixtures and lighting), and generous interior space turned the ugly duckling into a swan.  Maryah , which reaches a top speed of 18 knots powered by a twin azipods propulsion system, has accommodation for 54 guests.

24. ‘Octopus’ (414 feet), Lürssen

Lürssen’s  Octopus  Elizabeth Withe

Originally built by Lürssen for Microsoft cofounder Paul Allen, eight-decked  Octopus  is the world’s largest expedition yacht. Allen kept all the luxurious features of a superyacht, but wanted  Octopus  to be able to set anchor at the ends of the earth for exploration. The Lürssen, delivered in 2003, has storage for two helicopters, seven tenders, a large SUV and an internal dock that extends through the hull holding two submersibles. A glass-bottomed observation lounge makes for spectacular viewing when cruising. The yacht has been involved in multiple exploration discoveries, aided by its onboard dive centre and hyperbaric chamber. Espen Øino drew the exterior, including a full-sized basketball court on the aft deck, while Jonathan Quinn Barnett did the interior. The yacht underwent a refit in 2019. It reaches a top end of 20 knots.

23. ‘Al Mirqab’ (436 feet, 4 inches), Kusch Yachts

Kusch Yachts’ Al Mirqab  Photo: Shutterstock / PitK

Launched in 2008,  Al Mirqab  was built for Qatar’s former prime minister under the supervision of  Kusch Yachts  in the  Peters Werft shipyard  in Wewelsfleth, Germany. The Tim Heywood exterior includes a long, navy-blue hull with a white superstructure. The yacht’s diesel-electric propulsion involves an azimuth pod drive and gives the 436.4-footer a top end of 21 knots. Its interior by Andrew Winch won several awards, with images showing Arabic-influenced motifs on the marble floors of large social areas. The yacht’s centerpiece is a stunning, complicated floating staircase encircled by custom-made glass panels.  Al Mirqab  has staterooms for 36, and crew quarters for 45.

22. ‘Serene’ (439 feet, 3 inches), Fincantieri

Fincantieri’s  Serene  Photo: Nick Wells

Serene  was  Fincantieri ’s launch into the superyacht segment, and what a debut it was. The largest yacht ever launched in Italy when it was delivered in 2011 (surpassed three years later by  Ocean Victory ), the Espen Øino seven-deck design features a long, sleek blue hull, crowned by a white superstructure. The somewhat racy curves serve as a nice counterpart to the more serious-looking sections of the yacht, which include cutouts along the main and upper decks to allow strong visibility from the saloon and staterooms. The curved balconies on three levels are a nice touch that work aesthetically—and practically for better views. The open stern area has a winter garden (enclosed glass house) that allows dining in all seasons.  Serene  also has two helipads and a hangar, a big swimming pool, and a tender garage large enough for a submarine. Pascale Reymond of Reymond Langton Design created the 43,056-square-foot interior for the Russian owner, though its details have remained closely guarded.

21. ‘Crescent’ (443 feet), Lürssen

Lürssen’s  Crescent  Photo: Klaus Jordan

Espen Øino’s dark hull and tiered superstructure was one of the most exciting launches of 2018. Custom-built Project Thunder, as it was called internally at Lürssen, features cut-outs along the hull sides that allow full ocean views from the saloon on the primary deck, as part of  Crescent ’s distinctive curved superstructure. Its most noteworthy feature is the jaw-dropping bank of three-deck-high windows in the center of the yacht. This architectural feature serves as the centerpiece of a very compelling design. The yacht has accommodations for 18 guests in nine staterooms. Little is known about the François Zuretti-designed interior, other than Lürssen describes it as being “traditionally styled.” If it lives up to  Crescent ’s brash exterior, the complete yacht promises to be an entirely groundbreaking design.

20. ‘Savarona’ (446 feet, 2 inches), Blohm+Voss

Blohm+Voss’s  Savarona  

Launched in 1931,  Savarona  was built for American heiress Emily Roebling Cadwallader. The yacht was eventually acquired by Turkey to be the presidential yacht of Kemal Atatürk, founder of modern Turkey.  Jane’s Fighting Ships  described the yacht in 1949 as “probably the most sumptuously fitted yacht afloat.”  Savarona  was later converted to a training ship for the Turkish Navy and, in 1978, destroyed by fire. The yacht laid in tatters for 10 years. A Turkish businessman spent around $45 million refurbishing  Savarona , commissioning Donald Starkey for the interior and replacing the original steam-turbine engines with modern Caterpillar diesels. The yacht’s interior was refitted again in 2013, once again becoming the official presidential yacht in 2014.  Savarona  features a swimming pool, Turkish bath, 280-foot grand staircase, a movie theater, and a library dedicated to Atatürk.

19: ‘Flying Fox’ (446 feet, 2 inches), Lürssen

Lürssen’s  Flying Fox  Photo: Courtesy of SuperYachtTimes/Youtube

Delivered jointly by Imperial and Lürssen in 2019, 446.2-foot  Flying Fox  is the largest yacht available on the charter market. Key features of the Espen Øino-designed exterior are a curvaceous dove-gray hull and a 3.7-foot swimming pool that runs athwartship on the main aft deck, the largest ever found on board a yacht. A two-decked spa also gives guests access to a cryosauna, hammam and relaxation room with a fold-down balcony at sea level. Packed to the rafters with the latest amenities, the yacht holds a diving center, decompression chamber and two helipads.  Flying Fox  is PYC compliant and can accommodate 25 guests.

18. ‘Rising Sun’ (454 feet, 1 inch), Lürssen

Lürssen’s  Rising Sun  Photo: Courtesy of Lürssen

Designed by the original guru of yacht designers, Jon Bannenberg,  Rising Sun  was built by Lürssen for Oracle CEO Larry Ellison, and is currently owned by billionaire David Geffen. The yacht was delivered in 2004 and last refitted in 2011. Defined by banks of windows across the superstructure,  Rising Sun  has 86,000 square feet of living space in 82 rooms. It can accommodate 18 guests in nine cabins, with the capacity to carry up to 46 crew. The interior by Seccombe Design includes a gym, cinema, and wine cellar. The rear cockpit deck was designed as a basketball court. Geffen received a global media backlash in 2020 for his “tone deaf” social media posts that pictured himself on board his yacht during Covid-19 lockdown.

17. ‘Al Salamah’ (456 feet), Lürssen

Lürssen’s  Al Salamah  Lürssen

When Lürssen launched  Al Salamah  in 1999, it was the third-largest yacht in the world. Its ranking at number 14 shows how much has changed in the last 20 years. Code-named MIPOS, or Mission Possible, the yacht was designed by  Terence Disdale . The large imposing exterior is primarily protected space, with an upper deck exposed to the elements.  Al Salamah  has staterooms for 40 guests, including two owner suites, 11 VIP staterooms, and eight twin cabins. The yacht can carry up to 96 crew and has a top speed of 22 knots.  Al Salamah  was last refitted in 2009.

16. ‘Scheherazade’ (459 feet, 3 inches), Lürssen

Lürssen’s  Scheherazade  Photo: SuperYacht Times/YouTube

The owner of 459.3-feet Lürssen-built  Scheherazade  (formerly known as Project Lightning) finally took delivery of the mega yacht in June 2020 after it was pictured during sea trials in November 2019. What can so far be deciphered from available photography includes two helipads, forward and aft, and a large beach club aft, as well as a reported seven-foot beam. Very few details have yet been released of the highly private vessel, including even the names of designers or naval architects involved with the build.

15: ‘Ocean Victory’ (459 feet, 3 inches), Fincantieri

Fincantieri’s  Ocean Victory  Photo: Trevor Coppock / TheYachtPhoto.com

The largest motoryacht ever built in Italy, Fincantieri’s  Ocean Victory  was delivered to its owner in 2014. The seven-deck exterior by Espen Øino includes two helideck platforms and a hangar belowdecks, as well as exceptional outdoor social areas, and a floodable tender dock.  Ocean Victory  has accommodations for 28 guests as well as quarters for 56 crew.  Ocean Victory  also has six pools, a 3,300-square-foot spa, and an underwater observation room. The interior by Alberto Pinto remains a secret.

14: ‘Solaris’ (459 feet, 3 inches), Lloyd Werft

Solaris  by Lloyd-Werft Courtesy Lloyd Werft

The 476-foot  Solaris  is one of the largest yachts to deliver in 2021, and yet still little is known about it. The highly private, vast explorer is built by German shipyard Lloyd Werft and undertook sea trials in the North Sea. The eight-deck exterior is by Australian designer Marc Newson and features a displacement steel hull with bulbous bow and steel superstructure with teak decks. Reportedly owned by Roman Abramovich, it houses a large helipad, sun deck and spacious beach club aft. Lloyd Werft built the Russian billionaire’s previous explorer yacht  Luna , which he reportedly sold for $360 million to his close friend Farkhad Akhmedov in 2014.

13. ‘Yas’ (462 feet, 6 inches), Abu Dhabi Mar

Abu Dhabi Mar’s  Yas  Photo: Harvey Barrison

As a converted yacht,  Yas  is one of the most interesting vessels on this list. The dolphin-like exterior was originally a former Dutch Navy frigate that launched in 1978 and eventually sold to the navy of the United Arab Emirates, where it was renamed  Al Emirat . The yacht underwent its dramatic conversion in a facility in Abu Dhabi’s main port, emerging as a gleaming superyacht in 2011, with one of the most interesting profiles on the water. It was eventually delivered four years later. The design by the Paris-based Pierrejean Vision, defined by massive glass surfaces, can accommodate 60 guests and 58 crew members. Mated to a steel hull, the superstructure is the largest composite edifice ever built.  Yas  is capable of a 26-knot top speed and was last refitted in 2019.

12. ‘Dream Symphony’ (462 feet, 6 inches), Dream Ship Victory

Dream Symphony  by Dream Ship Victory Courtesy Dream Ship Victory

Sailing yacht  Dream Symphony  is a magnificent 462.7-foot schooner built by the Turkish shipyard Dream Ship Victory. When delivered in 2021, she will become the largest private sailing yacht in the world, knocking current largest sailing yacht,  Black Pearl , off the podium. Featuring naval architecture by Dykstra Naval Architects and an exterior and interior by Ken Freivokh, she reunites the same team who were behind the legendary  Maltese Falcon ’s ground-breaking Falcon dynarig.  Dream  Symphony’s hull is being built in wood – glued and laminated using the latest epoxy and composite techniques. Wood, carbon and stainless-steel run throughout the contemporary interior, while the rig includes Hoyt booms for maximum control.  Dream Symphony  boasts a fully private owner’s duplex, with master suite, salon, and office at main deck level, and a further spa, gym and treatment rooms on the lower deck. A sheltered open deck between the owner’s facilities and the guest deck house can be closed off to bad weather, creating concealed channels for full protection. And when the sun is shining, a double-height glass swimming pool features a rising floor that can doubles up as a touch-and-go helipad or dancefloor.

11. ‘Nord’ (466 feet),  Lürssen

Lürssen’s  Nord  (Project Opus) Photo: SuperYacht Times/Youtube

Nord  (Project Opus) has been a long time coming. She was announced in 2015 but didn’t hit the water until November 2020 when she conducted sea trials in the Baltic Sea. The 466-foot yacht features interior design by Italian studio Nuvolari Lenard and is Lürssen’s first yacht launched from its newly upgraded floating shed at its facility in Vegasack. Boasting many top tier amenities, the yacht includes a sports and diving center on the lower deck, multiple tenders ranging in size up to 50-feet and a large swimming pool. The two helipads support the yacht’s long-range cruising capabilities for autonomous remote exploration and a retractable hangar means the helicopter can slide neatly into the superstructure for storage when not in use. A generous 20 staterooms accommodate 36 guests across six decks, while a sleek aft-sloping superstructure gives Nord an individual profile on the water.

10. ‘A’ (468 feet, 5 inches), Nobiskrug

Nobiskrug Sailing Yacht  A  Photo: Courtesy of Nobiskrug

Delivered in 2017, the futuristic look of sailing yacht  A  includes smooth, silver-metallic surfaces and windows that look nearly invisible, three composite masts that bend slightly, and a deck hidden by high bulwarks. The Philippe Starck-design is a wild fantasy yacht of the future. The 468-foot sailing yacht is a technical victory for German yard  Nobiskrug , which developed composite fashion plates to create the unusual shapes, without any compromises in strength or fluidity. It has the tallest freestanding composite masts on any sailing vessel, a hybrid diesel-electric propulsion system and state-of-the-art navigation systems. The boat also reportedly has an underwater viewing platform in the keel. “Sailing yacht  A  is undoubtedly one of the most visionary projects Nobiskrug has ever been involved in,” said Holger Kahl, the firm’s then managing director. Starck’s interior remains a secret. The yard reports the yacht has a top speed of 21 knots. She remains today the world’s largest sailing yacht three years after her launch.

9. ‘El Mahrousa’ (478 feet, 1 inch), Samuda Brothers

Egypt’s royal yacht,  El Mahrousa  Screengrab

El Mahrousa , which means “the protected” in Arabic, is currently Egypt’s presidential yacht, though the 478.1-footer has a separate history as that country’s royal yacht. The London-based Samuda Brothers began the build in 1863, and it was launched in 1865. It was originally built for the Ottoman governor of Egypt, Khedive Ismail, and later carried three Egyptian kings into exile. The yacht was also at the opening of the Suez Canal in 1869. The world’s oldest superyacht features external design by the British naval architect Sir Oliver Lang, and has had multiple modifications over the years, including a lengthening by 40 feet in 1872 and another 17 feet in 1905. During the second refit, the owners replaced its paddle-wheel engines with turbine-driven propellers. The yacht, in care of the Egyptian Navy, occasionally goes to sea for a day or two. In 2015, it was used to inaugurate the new Suez Canal.

8. ‘Prince Abdulaziz’ (482 feet, 3 inches), Helsingør Værft

Helsingør Værft’s  Prince Abdulaziz  Photo: Shutterstock / Artesia Wells

This custom yacht, launched by Helsingør Værft in Denmark in 1984, was most recently refitted in 2005. The 5,200-tonne  Prince Abdulaziz  is one of the Saudi Royal family’s yachts, its first owner being King Fahd. Designed by Maierform, the yacht was the longest and tallest in the world at the time of its launch. At 482.3-feet,  Prince Abdulaziz  held the title for 22 years until  Dubai  launched in 2006. The late David Nightingale Hicks, known for his use of bright colors, was the interior designer. The lobby is said to be a replica of the  Titanic . Last refitted in 2005, it is rumored to be carrying surface-to-air missiles, though that may be an urban legend.

7. ‘A+’ (483 feet, 1 inch), Lürssen

Lürssen’s  A+  Photo: Klaus Jordan

Very little is known about  A+  (formerly  Topaz) , which was launched by Lürssen in 2012, other than it is the fourth-largest yacht ever built by the German shipyard. Tim Heywood Designs did the exterior, which features helipads on the foredeck and amidships on an upper deck. A lower aft deck includes a swimming pool. The German yard has not released any images of the Terence Disdale interior. Reported to be owned by Manchester City Football Club owner Sheikh Mansour bin Zayed al Nahnan – Emirati royalty and deputy prime minister of the UAE –  A+  has a top speed of 22 knots, and can carry 62 guests and up to 79 crew.

6. ‘Al Saïd’ (508 feet, 5 inches), Lürssen

Lürssen’s  Al Saïd  Courtesy of Shutterstock

Another 500-plus-foot yacht from Lürssen, the original Project Sunflower gained its official name of  Al Saïd  following its launch in 2016. Espen Øino’s exterior is akin to a classic cruise liner, complete with the twin exhaust stacks in the center of the superstructure. Owned by the Sultan of Oman, six-decked  Al Saïd  can carry 154 crew and, according to some sources, 70 guests. Lürssen says  Al Saïd  has a top speed of 22 knots. The London-based Redman Whiteley Dixon studio designed the interior, which includes a concert hall that can hold a 50-piece orchestra.

5. ‘Dilbar’ (511 feet, 8 inches), Lürssen

Lürssen’s  Dilbar  Photo: Josep Baresic

The 2016 launch of  Dilbar  gave Lürssen the distinction of not only building the longest yacht ever ( Azzam ), but also the largest in terms of volume. Espen Øino designed the exterior, creating a full-bodied superstructure of long, flowing decks, along with two helicopter pads.  Dilbar  also has an 82-foot swimming pool that can hold an incredible 6357-cubic-feet of water, and according to Lürssen, is the world’s longest on a yacht. The interior by Winch Design is defined by its “rare and exclusive luxury materials,” says the builder, declining to go into detail. Lürssen added that the world’s largest motor yacht was one of the most complex and challenging yachts ever built, because of its dimensions and technology. Despite  Dilbar ’s volume, the designers did a masterful job making the yacht look relatively svelte, with no obvious bulges along the length of the light ivory and bronze-accented hull. In June 2020, Dilbar returned to Lürssen for a significant refit, the details of which are yet to be revealed.

4. ‘Dubai’ (531 feet, 5 inches), Platinum Yachts

Sheikh Al Maktoum’s yacht,  Dubai  Bigstock

This Andrew Winch design was originally commissioned for Prince Jefri Bolkiah of Brunei as a joint project between Blohm+Voss and Lürssen, before it was halted in 1998 with just a bare hull and skeletal superstructure. The hull was sold to the government of Dubai, and, under the direction of the country’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, work on the 531.5-footer began again, though this time by Platinum Yachts.  Dubai  delivered in 2006 and is now the sheikh’s royal yacht, with accommodations for 24 guests and quarters for 88 crew. The seven-decked yacht has an impressive 70-foot-wide atrium, landing pad for a Black Hawk helicopter, submarine garage, disco, and cinema. Full certification was obtained from Lloyd’s Register in October 2006, and it can reach a top speed of 26 knots.

3. ‘Eclipse’ (533 feet, 1 inch), Blohm+Voss

Blohm+Voss’s  Eclipse  Photo: Shutterstock / R_Pilguj

Stately  Eclipse , the 533.1-foot yacht delivered to billionaire Roman Abramovich, took five years to design and build. When it left the Blohm+Voss shipyard in Hamburg in 2010, it was the world’s largest yacht. The interior has 17 staterooms and a palatial master suite, with the capacity to carry 85 crew. Both the interior and exterior are designed by Terence Disdale. A proportional profile is defined by tiered decks that sweep upward and bend ever so slightly at the aft ends.  Eclipse  has a 185-foot-long owner’s deck and, at the time of its launch, the largest swimming pool on any superyacht (the bottom raises and converts to a dance floor). Other features reflecting its stature: the capacity to hold three helicopters, including one in its belowdecks hangar, a sophisticated stabilization system, six tenders, and an enormous spa, gym, and beach club. Hybrid diesel-electric engines are connected to Azipod drives that give  Eclipse  a top-end speed of 21 knots, with a range of 6,000 nautical miles.

2. ‘Fulk Al Salamah’ (538 feet, 1 inch), Mariotti Yachts

Mariotti Yachts’  Fulk Al Salamah  Screengrab

Little information has ever been released about the world’s second-longest superyacht, custom-built  Fulk Al Salamah , and it has been shrouded in mystery since first announced in 2014. Even the overall length of 538.1 feet has been estimated from AIS data. However, built and delivered by Italian builder Mariotti Yachts in their Genoa shipyard in 2016, the imposing vessel is believed to be owned by the Omani royal family. Exterior design is by Studio de Jorio, and it is considered by some to resemble more of a support vessel than a superyacht. Nonetheless, aerial photography shows an impressively large helideck, raked masts and a bathing platform.

1: ‘Azzam’ (592 feet, 6 inches), Lürssen

Lürssen’s  Azzam  Screengrab

It’s not surprising that the world’s longest yacht hails from a shipyard with 13 out of the 25 top builds in the superyacht arena. Unfortunately,  Lürssen  could never really boast about  Azzam  after its launch in 2013 because of the owner’s penchant for privacy. Mubarak Saad al Ahbabi directed a team of designers and engineers who started with the bare concept, worked through the technical challenges of what might be the most complex superyacht ever, and finished with an unusually large vessel that can top the 30-knot mark. Nauta Yacht’s exterior features a long, sleek forward area, with well-proportioned tiers moving up to the skydeck. Lürssen describes the interior by Christophe Leoni as “sophisticated, with luxurious decor inspired by the Empire style of the early 19th century.” Its gas turbines, connected to water jets, push  Azzam  to more than 30 knots, giving it the ability to operate at high speed in shallow waters. She also boasts an impressive build time for a yacht of her size, with construction taking only three years after one year of engineering.  Azzam  was last refit in 2020 at MB92 in Barcelona.

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The Palm Beach International Boat Show — the yacht world's flashiest event stateside — is returning this year with over 800 boats for both deep-pocketed potential owners and window shoppers to peruse.

While it's impossible to know what exactly will be on display until the show begins on Thursday, it's expected that eight megayachts — generally defined as ships over 60 meters long — will be docked at the show and at nearby marinas like the Rybovich Marina in the ritzy Florida town.

Some of these are for sale at eye-popping prices, but others are available to charter in case you fancy living like a billionaire for a week or two this summer (and if you have six figures to spare on a vacation).

These are the eight biggest yachts that will be at the Palm Beach International Boat Show and nearby marinas, in size order.

Nero: 90.1 meters

Price: From $497,000 a week (charter) Standout features: Pizza ovens, beauty salon, massage room, resistance pool

Reportedly owned by Irish billionaire Denis O'Brien, Nero is modeled after J.P. Morgan's 1930s ship , and was built in 2007 and updated in 2021.

She now boasts a gym on her sundeck with multiple cardio machines and a beauty salon, and has an on-board beautician for manicure, pedicure, hair, and massage needs. There's also an upgraded movie theater, two new pizza ovens, and both a pool and a jacuzzi.

For those who want to go overboard, she has more than a dozen toys, including a waterslide, Jet Ski, and flyboard.

Victorious: 85 meters

Price: From $876,600 a week in the summer and $950,000 a week in the winter Standout features: Hammam (Turkish bath), wine cellar, wood-burning fireplace, children's playroom

Victorious brings a party vibe to the yacht show. With a beach club on board, a wine cellar, a cigar clubroom , multiple bars, and a lounge with a piano, the vessel is made for entertaining. Plus, there's a playroom and movie theater to entertain the kids.

For tamer charter clients, Victorious has a suite of wellness features such as a gym, massage room, beauty salon and hammam — perhaps a custom request of her owner, Turkish businessman Vural Ak.

She also boasts a treasure trove of water toys, including Jet Skis, jetsurfs, inflatable kayaks, and scuba equipment.

Casino Royale: 72 meters

Price: TBD Special Features: Infinity pool, helipad, private jacuzzi

Purchased and refitted by car dealer magnate John Staluppi last year, Casino Royale is the latest of his James Bond-inspired yachts (he's also owned an Octopussy and a Skyfall, among others).

Casino Royale has a helipad that turns into a dancefloor, an infinity pool, and a wellness center with a gym and sauna. The owner's cabin has its own deck, which features a private bar and jacuzzi.

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However, the boat's price isn't listed, and while she's not necessarily officially for sale, that might change depending on who's prepared to buy, Mr. Bond.

Talisman C: 70.6 meters

Price: $60 million (or from $567,000 a week to charter) Special features: Massage and beauty room, private library

Likely the largest yacht for sale (not just charter) at the show, the Talisman C is a 2011 six-bedroom boat. The owner's cabin comes with an en suite bathroom, dressing room, private library, and crystal chandeliers.

Amenities include a gym, a beauty room, oversized jacuzzi, and a fully equipped bar. Her crew of 19 includes a trained masseuse, and the toy room comes equipped with a wakeboard, eFoil , and WaveRunners.

Joy: 70 meters

Price: From $650,000 a week Special features: Disco club, basketball court, onboard fitness instructor

Superyacht Joy testifies to the fact that owners want as many on-board experiences as they can get.

There's an expansive suite of fitness features, including a basketball court (don't shoot that hoop too hard!), a personal trainer on staff, boxing equipment, and a handful of machines. For post-workout winddowns, there's a spa with a steam room and onboard masseuse. And for entertainment, there's both an outdoor and indoor cinema, and a disco club.

Triumph: 65.4 meters

Price: From $707,600 a week in the summer and $650,000 a week in the winter Special features: Sauna, helipad, banana boat

This 2021 superyacht is named after Triumph motorcycles — a reported favorite of her rumored owner, British businessman Chris Dawson — and even has one on display as an art piece in the upper deck's lounge. The primary suite is 1,400 square feet and has its own study , and there's a sauna, an indoor-outdoor gym, a helipad, and a massage room spread among her six decks.

She boasts an "armada of water toys," including two kinds of Jet Skis, electric water bikes, and a banana boat.

Seanna: 64.5 meters

Price: $54,000,000 (or from $462,000 a week to charter) Special features: marble foyer, movie room, sundeck pool

The recently refurbished Seanna is available for sale and charter.

Her indoor-outdoor gym is on sea level so that passengers can take a dip after a session with the onboard personal trainer. There's also a sundeck pool, a helipad, a two-room massage facility, and, for the more cerebral guests, a library with an electric fireplace.

There are a number of toys on board, including a popular water trampoline and two WaveRunners.

Come Together: 60 meters

Price: $65,000,000 Special Features: DJ and videographer on board, ice bath, sauna

Next-to-new yacht Come Together is looking for a new owner after doing charters during the 2023 season.

The Beatles' influence is evident beyond the yacht's name, with guitars dotting the sky lounge and a crewmember who doubles as a DJ. There's also an outdoor cinema and bar for entertainment and an ice bath and sauna for the day after the party. The owner's suite has a private study and lounge, and each guest cabin has its own ensuite.

The sale includes a number of toys, like Jet Skis, kayaks, and Seabobs.

Watch: Inside the world's biggest cruise ship that just set sail

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Who Makes The Wheels? A Closer Look At 5 Major Landing Gear Companies

I t turns out that without the proper landing gear, aircraft have a wheely-big problem. One may think that Boeing produces Boeing aircraft and Airbus produces Airbus aircraft - that is true on a zoomed-out, macro level, but zoom-in and the components of these aircraft are made by a wide range of aircraft parts manufacturers worldwide. According to Mordor Intelligence , the five most prominent manufacturers of aircraft landing gear are Safran SA, Héroux-Devtek Inc., Honeywell, Collins Aerospace (part of Raytheon), and Liebherr. There is much to know about aircraft landing gear (it is much more complicated and advanced than many people may release).

Safran is the largest manufacturer of landing gear systems, producing landing gear for all types of aircraft.

According to its website, Safran SA is a massive aircraft parts manufacturer employing 92,000 employees in 276 locations in 27 countries worldwide. Safran SA is a French multinational aerospace and defense company that manufactures aircraft landing gear, aircraft engines, seats, helicopter engines, and much more. Its subsidiary, Safran Landing Systems, is the world's largest aircraft landing gear manufacturer.

Learn about the different types of landing gear and their uses .

Safran produces a massive range of landing gear, including Boeing F/A 18 nose landing gear, Boeing 787 Dreamliner nose, and main landing gear, Airbus A350-900 main landing gears, Airbus A330 family landing gears, A400M landing gears, Bombardier landing gears, and helicopter landing gears.

GE Aviation And Safran To Develop Engines For Next Gen Passenger Aircraft

Héroux-devtek inc., héroux-devtek claims to be the third-largest land gear manufacturer and produces landing gear for all aircraft types..

According to its website, Héroux-Devtek is the third-largest land gear company in the world. They specialize in developing, designing, manufacturing, repairing, and overhauling landing gears (as well as other components for the aerospace market). It is headquartered in Longueuil in Canada's Quebec province and was founded in 1942. It now has 18 facilities spread across North America and Europe.

Héroux-Devtek is a critical global supplier of landing gear solutions for the Aerospace market. The corporation specializes in designing, developing, manufacturing, repairing, and overhauling landing gear, actuation systems, and components through its leading-edge facilities in North America and Europe. One of the more notable products was the landing gear for the 1969 Apollo 11 lunar mission.

How Does Aircraft Landing Gear Work?

Honeywell international inc., honeywell is a conglomerate and world leader in aircraft landing systems, from fighter jets to commercial airliners..

Honeywell is a large Fortune 500 conglomerate headquartered in Charlotte, North Carolina. The whole company employs around 95,000 people, with Honeywell Aerospace Technologies (headquartered in Phoenix, Arizona) being responsible for manufacturing aircraft engines, landing gears, avionics, and more (including black boxes). It produces brakes and wheels in addition to several other critical aircraft components such as engines and avionics.

Honeywell states that it produces wheels and brakes for a diverse range of aircraft, from the F-35 Joint Strike Fighter to the Airbus A380. Their commercial wheels are designed for a 10,000-cycle life. As with other leaders in the industry, Honeywell produces a range of main wheels, nose wheels, and replacement parts.

Raytheon Technologies Corporation (Collins Aerospace)

Collins aerospace sits at the cutting edge of aviation technology and produces landing systems for fighter jets to the a380..

Raytheon (now RTX Corporation) may be best known as the massive US go-to defense contractor for missiles, but it produces much more than missiles. Raytheon's subsidiary, Collins Aerospace , is one of the world's largest suppliers of aerospace and defense products and is headquartered in Charlotte, North Carolina. They are also working to develop hybrid electric propulsion technologies .

Collins Aerospace manufactures main, nose, and wing landing gear assemblies for various aircraft types (including the A380). They manufacture landing systems and landing gear for small business jets, military aircraft, and airliners alike. The Collins Aerospace landing systems brochure lists iconic fighter aircraft like the F-22, F-35, F/A-18, and F-16, attack aircraft like the AH-64, and commercial aircraft like Boeing and Airbus jets as part of its long catalog of served aircraft.

Liebherr-International

Liebherr is a german/swiss company producing a full range of landing gear and other aircraft components..

Liebherr is a large German-Swiss equipment manufacturer based in Switzerland (although its main production facilities are in Germany). The division of the company manufacturing aerospace equipment is Liebherr-Aerospace, and it has two primary production and assembly centers - one in Toulouse, France, and one in Lindenberg, Germany. Among its many products are landing gear systems (as well as flight control actuation systems and air management systems).

Liebherr claims their landing gear systems are built for commercial, regional, business, and transport aircraft in addition to helicopters and fighter jets. Note that these companies do not necessarily manufacture aircraft tires. According to Markets and Markets , the leading manufacturers of aircraft tires are Goodyear, Michelin, Dunlop Aircraft Tyres, Bridgestone, and Qingdao Sentury Tires.

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World’s largest solar manufacturer to cut one-third of workforce

China’s Longi looks to slash costs as renewable energy sector faces tough headwinds from inflation

The world’s largest solar manufacturer has slashed nearly a third of its workforce after a cost-cutting drive that included telling staff to only print in black and white fell short and as a chill ripples through the renewable energy sector.

China’s Longi is to cut as much as 30% of its workforce, in an acceleration of cost reductions that began late last year, Bloomberg reported.

It is unclear exactly how many jobs will be lost at the company, which employed 80,000 at its peak last year, as an internal function allowing employees to see the total number of staff has reportedly been disabled.

The renewables industry is facing significant headwinds in the fallout from Russia’s full-scale invasion of Ukraine in early 2022. Moscow’s reduction in gas supplies into continental Europe left governments scrambling to beef up domestic power generation, accelerating a shift towards renewables.

However, the resulting higher energy bills pushed up inflation rates, adding costs to renewables supply chains already under pressure from the surge in demand. Meanwhile, oil and gas companies have retrenched from green projects in favour of traditional high-margin fossil fuel projects.

As a result, renewables companies have been pausing projects and cutting jobs in an attempt to rebalance their portfolios. The solar industry has a history of boom-and-bust cycles, dictated typically by government policies.

China is the centre of the world’s solar supply manufacturing industries and a proliferation of new factories dedicated to the technology has created fierce competition.

Longi manufacturers wafers – a component used in solar panels. The company, based in Xi’an in central China, has been forced to suspend investment plans while also cutting prices.

Before the job cuts, the company previously tried to reduce costs through a series of smaller measures. These included cancelling free afternoon tea, cutting business trip budgets and informing staff that they must only print in black and white unless they received permission, Bloomberg reported. Longi’s Shanghai office has reportedly stopped offering free coffee.

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The solar company’s net income fell sharply last year, down by 44% to 2.52bn yuan (£275m) in the third quarter of 2023. Its shares have fallen about 70% from their 2021 peak.

Longi has been contacted for comment.

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Oil Market Report - March 2024

About this report

The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries.

• Global oil demand is forecast to rise by a higher-than-expected 1.7 mb/d in 1Q24 on an improved outlook for the United States and increased bunkering. While 2024 growth has been revised up by 110 kb/d from last month’s Report, the pace of expansion is on track to slow from 2.3 mb/d in 2023 to 1.3 mb/d, as demand growth returns to its historical trend while efficiency gains and EVs reduce use.
• World oil production is projected to fall by 870 kb/d in 1Q24 vs 4Q23 due to heavy weather-related shut-ins and new curbs from the OPEC+ bloc. From the second quarter, non-OPEC+ is set to dominate gains after some OPEC+ members announced they would extend extra voluntary cuts to support market stability. Global supply for 2024 is forecast to increase 800 kb/d to 102.9 mb/d, including a downward adjustment to OPEC+ output.
• Refinery crude runs are forecast to rise from a February-low of 81.4 mb/d to a summer peak of 85.6 mb/d in August. For the year as a whole, throughputs are projected to increase by 1.2 mb/d to average 83.5 mb/d, driven by the Middle East, Africa and Asia. Refining margins improved through mid-February before receding, with the US Midcontinent and Gulf Coast as well as Europe leading the gains.
• Global observed oil inventories surged by 47.1 mb in February. Offshore stocks dominated gains as seaborne exports reached an all-time high and shipping disruptions through the Red Sea tied up significant volumes of oil on water while onshore inventories declined. Global stocks plunged by 48.1 mb in January, with OECD industry stocks at a 16-month low.
• ICE Brent futures rose by $2/bbl during February as ongoing Houthi shipping attacks in the Red Sea kept a firm bid under crude prices. With oil tankers taking the longer route around Africa more oil was kept on water, further tightening the Atlantic Basin market and sending crude’s forward price structure deeper into backwardation. At the time of writing, Brent was trading at $83/bbl.

Oil on water

Benchmark crude oil prices were range bound in early March, as the market had already priced in the announced extension of OPEC+ voluntary production cuts through 2Q24. North Sea Dated rose by $2.13/bbl to $84.66/bbl during February as continued tanker attacks in the Red Sea lengthened supply routes and global on-land oil inventories fell for a seventh consecutive month to reach their lowest level since at least 2016.

Global onshore oil stocks fell a further 38 mb last month, taking the draw down since July to 180 mb, according to preliminary data. Over the same period, oil on water surged. Trade dislocations from the rerouting of Russian barrels and more recently due to unrest in the Middle East, have boosted oil on water by 115 mb. In February alone, oil on water surged by 85 mb as repeated tanker attacks in the Red Sea diverted more cargoes around the Cape of Good Hope. At nearly 1.9 billion barrels as of end-February, oil on water hit its second highest level since the height of the Covid-19 pandemic.

Trade flow disruptions also boosted bunker fuel use. Longer shipping routes and faster vessel speeds saw Singapore bunkering reach all-time highs. That, along with surging US ethane demand for its petrochemical sector underpins a slight upward revision to our global oil demand expectations for this year by 110 kb/d compared with last month’s Report. World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion.

The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound. A weaker economic outlook further tempers oil use, as do efficiency improvements and surging electric vehicle sales. Growth will continue to be heavily skewed towards non-OECD countries, even as China’s dominance gradually fades. The latter’s oil demand growth slows from 1.7 mb/d in 2023 to 620 kb/d in 2024, or from roughly three-quarters to half of the global total, under the gathering weight of a challenging economic environment and slower expansion in its petrochemical sector.

As in 2023, non-OPEC+ oil supply growth will eclipse the oil demand expansion by some margin. Led by the United States, non-OPEC+ production is forecast to rise by 1.6 mb/d in 2024 compared to 2.4 mb/d last year when global oil output climbed by 2 mb/d to 102 mb/d. Substantial gains will also come from Guyana, Brazil and Canada, all forecast to pump at record-highs this year. Together, the non-OPEC+ Americas quartet is set to add 1.3 mb/d of new oil production in 2024.

Iran, which last year ranked as the world’s second largest source of supply growth after the United States, is expected to increase production by a further 280 kb/d this year. Output policy for the remainder of the OPEC+ bloc will be revisited when ministers meet in Vienna on 1 June to review market conditions. In this Report, we are now holding OPEC+ voluntary cuts in place through 2024 – unwinding them only when such a move is confirmed by the producer alliance (see OPEC+ cuts extended). On that basis, our balance for the year shifts from a surplus to a slight deficit, but oil tanks may get some relief as the massive volumes of oil on water reach their final destination.

1. Includes extra voluntary curbs where announced. 2. Capacity levels can be reached within 90 days and sustained for an extended period. 3. Excludes shut in Iranian, Russian crude. 4. Angola left OPEC effective 1 Jan 2024. 5. Iran, Libya, Venezuela exempt from cuts. 6. Mexico excluded from OPEC+ compliance. 7. Bahrain, Brunei, Malaysia, Sudan and South Sudan.

Definitions of key terms used in the OMR, access the OMR Glossary here.

For more info on the methodology, download the PDF below.

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Southwest Gas Holdings unit Centuri Holdings plans to go public in the United States, the infrastructure services company said in a filing on Friday, as the IPO market gradually recovers from a nearly two-year lull.

S&P 500 ends near flat but index posts biggest weekly gain of year

The S&P 500 ended little changed on Friday, but the index registered its biggest weekly percentage gain of 2024 after the Federal Reserve this week stuck with projections for three interest rate cuts by year's end.

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The biggest yachts to look out for at the 2024 St Barths Bucket

St Barths is the epicentre of superyacht racing during the Caribbean season, often with an impressive array of superyacht spectators in tow . In the final days leading up to the 2024 St Barths Bucket (21-24 March), BOAT rounds up the largest yachts seen pulling into Gustavia for the famed regatta, beginning with Lürssen's 138-metre Rising Sun ...

Builder: Lürssen Length: 138.01m

If not for her sheer size, Rising Sun will be easy to spot from the shores of Gustavia thanks to her distinct glass panels running across the two upper decks. The yacht was the last ever design of Jon Bannenberg and boasts 8,000 square metres of living space that includes a wine cellar, double-height cinema and a basketball court. Rising Sun was originally commissioned by American business magnate Larry Ellison , who later sold the yacht to media mogul David Geffen. 

Builder: Kleven Length: 116.15m

One of the largest explorer yachts in the world , Multiverse (ex Ulysses ) was commissioned by New Zealand's richest man, Graeme Hart. She is equipped with a heli-hangar on the top deck for a Bell 429 helicopter, as well as a large swimming pool, cinema and spa for the ultimate guest experience. Inside, the yacht's massive 18-metre beam provides accommodation for an owner's party of up to 66. 

Maltese Falcon

Builder: Perini Navi Length: 88m

Fresh out of a full-scale refit, Maltese Falcon is undoubtedly one of the most unique and technologically innovative sailing superyachts in the world – kitted out with radical unstayed masts made of "weapons-grade" carbon fibre, a FalconRig and computerised sail and mast control system. Be sure to look out for the yacht's eponymous emblem on its middle sail, which also appears in the form of a bronze sculpture next to the indoor cinema. 

Builder: Admiral – The Italian Sea Group Length: 74.85m

Instantly recognisable, Kenshō' 's flowing lines and metallic green-blue hull took six years to create with design from Dutch firm Azure Yacht Design and Naval Architecture and Berlin-based archineers.berlin . The Admiral flagship was awarded the coveted Motor Yacht of the Year title at the 2023 BOAT International World Superyacht Awards and picked up another Neptune at the 2023 BOAT International Design & Innovation Awards for Best Interior Design. Onboard highlights include a glass-fronted spa pool on the sundeck, a sunbed shaped in the image of a manta ray and a diesel-electric system based on five variable-speed generators that earned the yacht its Eco classification. 

Builder: Heesen Yachts Length: 65m

The multiple award-winning Illusion (ex Galactica Star ) was delivered by Heesen in 2013, featuring the Fast Displacement Hull Form (FDHF) developed by Dutch naval architects Van Oossanen & Associates . Her streamlined appearance and generous guest amenities have made her a favourite on the charter scene, with Beyoncé and Jay Z among her list of returning clients . Illusion was also singled out by Dickie Bannenberg – who designed the yacht's interior – as one of his most memorable projects owing to its considerable onboard art collection. 

Builder: Benetti Length: 60m

Another popular charter vessel, St David will once again appear on the hit reality TV show Below Deck , but this time with a new captain at the helm. The yacht is characterised by a classic Baroque theme with intricate marquetry made from satin woods, and a mosaic floor on the skylounge that draws inspiration from a "Tuscan palazzo". While St David is known to frequent high-profile events such as the Cannes Film Festival, she has also ventured to off-the-beaten-path locations including the Seychelles, Red Sea and Abu Dhabi. 

Builder: Trinity Yachts Length: 58.83m

Launched in 2016, Imagine... is one of the largest yachts to be built in the United States . The tri-deck vessel was penned by long-time collaborator Geoff Van Aller , with both the hull and superstructure built from aluminium to AB classification. The yacht's primary social area is found on the sundeck, where guests can relax in the Jacuzzi, on multiple sun loungers or at the bar. Inside, Imagine... also has a bonus cabin that doubles as a massage room. 

Builder: Feadship Length: 55.5m

This Feadship superyacht has sailed under a litany of names since her 2005 delivery, including Twizzile , Drizzle , Issana , Madsummer , Cynthia and most recently, Mary A . In 2018, her owner joined forces with American interior designer Claudette Bonville Associates to give Mary A an exhaustive makeover that included a top-to-bottom paint job, technical tweaks and a brand-new interior – all while carefully preserving the yacht's pedigree. 

Builder: Benetti Length: 52m

Lady B (ex Latitude ) appears to be making the most of the winter cruising season, with back-and-forth trips between the British Virgin Islands and St Barths since early December 2023 according to BOATPro 's Global Fleet Tracker. Before that, the yacht spent the off-season touring fan-favourite destinations in the South Pacific, such as Fiji, the Cook Islands and French Polynesia. She is consistently ranked among the most popular charter vessels with amenities such as an outdoor cinema, a Jacuzzi and a recently updated dive centre. 

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