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AZZAM Yacht – The World’s Biggest Superyacht is 180m Long

AZZAM yacht is the largest superyacht in the world, with an impressive length of 179.7 metres (590 ft), making her more than 15 metres longer than FULK AL SALAMAH, which is in second place on the list.

AZZAM yacht interior

The interior design of the AZZAM yacht is attributed to the French designer Christophe Leoni who is surprisingly not incredibly experienced in designing superyachts.

While exact details on the interior layout of the massive yacht have not been released to the public, it is known that Sheikh Khalifa requested a lot of wood furniture as well as intricate mother-of-pearl elements to be incorporated into all parts of the yacht.

More than a year’s worth of production of pearls was used in the interior design of AZZAM.

The interior has been described as being inspired by the Empire style reminiscent of the 19th century and incorporates numerous valuable artworks which are on display onboard AZZAM.

She can welcome an estimated 36 guests and over 80 crew members, which is one of the highest numbers in her size category.

The AZZAM yacht reportedly has 18 guest cabins with a massive owner’s suite that spans across several rooms.

According to rumors, the suite was constructed to be bulletproof, and there is a designated missile defense system installed onboard the AZZAM yacht although it is unclear whether this is accurate.

One of her most notable features is her custom-designed golf room which allows guests to practice their swings without even having to step foot outside.

She also has a large gym, a spa, several pools, jacuzzis, and a beauty salon on board.

Her main saloon is supposed to be one of a kind and one of the largest ever constructed on a private yacht. At 29 meters (95 ft) by 18 meters (59 ft), it is larger than a tennis court and offers unobstructed views of the outside due to its floor-to-ceiling windows.

There are no pillars to support the saloon, which gives it an open feel but requires additional ceiling beams and 7-centimeter thick custom-made windows.

A large and fast yacht-like AZZAM is bound to generate a lot of noise when underway.

To ensure a comfortable experience for guests onboard, engineers installed special software which keeps vibrations and engine sounds to a minimum.

This means that the large chandelier in the main saloon doesn’t rattle even when the yacht is underway.

Specifications

The AZZAM yacht might be the longest yacht in the world, but she is technically not the largest. DILBAR actually has a higher displacement and weight even though she is more than 23 meters (75 ft) shorter than AZZAM.

This impressive yacht was built by Luerssen in Bremen, Germany, and officially launched in November of 2013.

In March 2014, she briefly returned to Germany for some additional work. She has a 20.8-meter (68.3 ft) beam, a 4.5-meter (14.9 ft) draft, and a total weight of 13,136 tons.

AZZAM is powered by twin gas turbine engines and two additional diesel MTU engines and can carry more than 1 million liters of fuel onboard.

Despite her size, she can reach impressive top speeds of 30 knots which can be attributed to her relatively low draft, although her average cruising speed only lies at 12 knots.

The yacht has several cruising modes, including a sprint setting as well as a long-distance mode.

The exterior of the AZZAM yacht was developed by Nauta Yachts, which specializes in combining practical functions design with aesthetics and sleek yacht design. AZZAM is their largest and probably most well-known project. 

The AZZAM yacht took more than four years, and 4,000 people collectively worked for 6 million hours to complete it.

The exterior is all-white with a streamlined design that is meant to make AZZAM appear smaller than she actually is when seen from further away.

On the bow, a large helipad is available for guests to arrive and depart in style and the yacht carries at least one helicopter at all times.

The aft is reserved for a spacious swimming platform, although AZZAM does not have a beach club in this location like many other vessels of her size category.

As is to be expected for such a high-profile superyacht, AZZAM does not have a lot of open-air deck space and is designed to protect the privacy of its owners.

There are no visible pools or much seating, which suggests that the spacious interior of AZZAM is reserved for entertainment and common spaces.

Total price of US $600 million for the luxury AZZAM yacht.

Her annual running costs of US $50 to 75 million are not surprising, considering she is the largest private yacht in the world.

Azzam Yacht Docking in Gibraltar

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Size does matter, even in yachts, especially when it comes to the money that goes into building them. Which is why the world’s most expensive yacht has to be one of a kind.

With the launch of the gleaming new Azzam, Russian billionaire Roman Abramovich could no longer lay claim to being the owner of the world's largest superyacht , Eclipse, though it remains a mighty contender on the high seas. Interestingly, the Eclipse has been home to many a partying celebrity as well .

But let’s talk about the world's most expensive and once the largest yacht,  the Azzam, that belongs to Khalifa bin Zayed Al Nahyan, the President of UAE . It stands 590-feet long, a full 57-feet longer than the Eclipse. This means it's far bigger than a football field and even larger than the US Navy destroyers. Anything this big and fully geared with luxury cannot come cheap, can it? And the Azzam is super-duper expensive, costing hundreds of millions.

Here’s what we know about the Azzam and the kind of money that went into building it. Plus, a little about the vessel that dethroned the Azzam from it's largest yacht title.

How Expensive Are Yachts?

Let’s begin from the bottom up to get a better estimate of the Azzam. On average, a 100-meter superyacht can fall between $100-200 million. The Azzam is nearly six times this size. That’s hint number one.

Then there is the annual upkeep, usually standing at about 10% of the yacht’s, value, easily running into thousands of dollars, sometimes also touching millions. Being Middle East royalty helps in one living the good life. Of course, this is also the country where you get to see the craziest cars on the road, especially in Dubai .

Maintaining a yacht is no cakewalk. When you calculate dockage fees, annual maintenance and repairs, staff salaries, insurance premiums, and gas charges, one realizes that a yacht is much like a white elephant. Of not much use, but a lot of expense. Most yachts, therefore, can only be owned by the super-rich as a means to show off their wealth and also reap its harvests .

And we talk of the President of the UAE, the fact that money is no issue to him, is brought home, even more, when you get to know of the monies that went into making this gorgeous yacht that most of us can only dream of even being on, let alone owning.

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This Is The Azzam

For a while, the Azzam was the world’s largest yacht at 590-feet or 180-meters long. Now, it has been pushed back into the second position when it comes to size.

But if you talk about the amount of money that has gone into making the Azzam a haven on water, it still stands at number one and is far ahead of its competitors. Built at a whopping cost of $605 million, we are sure the Azzam comes loaded with luxury and all the world's finest that money can offer. Considering it belongs to the president of the UAE, the details of what went inside are confidential for obvious security purposes.

That said; Azzam employs a staff of 50. The construction of the interior was by Germany’s Lürssen Yachts while for the exterior design, Italian firm Nauta Yachts were hired.

Unlike some boats that should be banned because they are too ugly , the Azzam is tastefully designed and looks gorgeous on the water. The top speed of the Azzam can cross 32 knots, pretty fast for a yacht this size, on two gas turbines and two diesel engines, combining for 47,000 horsepower. It cost about $10 million more than the previous largest-yacht titleholder, the Eclipse.

And yet, its triumph of being the largest has been shortlived for there's another yacht in the world now that may not be as expensive to build, but overshadows the Azzam in size, and well, intention.

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The REV Ocean Helps Save The Ocean

The world’s largest yacht is now the REV Ocean and stands at 600-feet in length. While she is a luxury yacht, what sets her apart is the fact that it is the world’s biggest research vessel as well, and will help fix overfishing, climate change, and plastic pollution in the water.

Kjell Inge Røkke is the proud owner of the REV Ocean, having made his fortune from fishing (the irony!) and offshore oil drilling . His idea was to give back, and the Rev Ocean is a hybrid vessel that has a yacht interior with luxury facilities for paying guests, with an ice-class hull and laboratories better at home in a polar research vehicle.

The best part of the REV Ocean is that money for the research and salaries of the scientists will come from the paying guests. The owner has leased it at just $1 per year to the eponymous non-profit he owns and the idea to save the world's oceans with an oceanic vessel is winning hearts.

That said, when it comes to price, the Azzam still holds on to its title. The REV Ocean, despite being the world's largest yacht, was built it an estimated cost of $350-500 million. The good thing is that getting on to the REV Ocean as a passenger is a lot easier than being invited to the Azzam. Plus, being on the REV Ocean means you do a little bit to save the oceans.

Sources: CNN, Forbes. TheTimes

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The world´s longest yacht, at 180.65 meters, with a top speed of over 30 knots, Azzam is a truly extraordinary luxury gigayacht. Her outstanding characteristics even include her exceptionally short building time of less than three years from keel laying to delivery, in 2013. Engineer and principal designer Mubarak Saad al Ahbabi set out to build a large yacht with an innovative and timeless design that would be able to travel at high speed in warm and shallow waters. The bold and elegant exterior by Nauta Yachts incorporates many elements of visionary modern design. Renowned French designer Christophe Leoni conceived a sophisticated interior with luxurious décor inspired by the Empire style of the early 19th century.

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Azzam Superyacht – The Largest Superyacht in the World

Owned by an unknown Arabic multi-millionaire and jet-setter, Azzam is set to be the world’s newest and largest superyacht wonder. Poised to sail the seas in the autumn of 2013, the superyacht is currently being built by the revered German shipbuilder Lurssen at their shipbuilding yard at Bremen. A never-seen before ultra-opulent designing further separates the Azzam as a majestic superyacht to roam on the magnificent oceanic waters. Azzam will replace Superyacht Eclipse, presently the world’s largest superyacht.

Although the identity of Azzam’s owner remains a closely held secret, there’s nothing hidden about the superyacht’s engineering features and amenities. The yacht’s construction is based on the engineering model provided by the Italian ship architectural company, Nauta with technical specifications detailed by reputed maritime engineering expert, Mubarak Saad al-Ahbabi. Azzam’s technical dimensions put it right at the top of the world’s biggest superyacht marvels evensurpassing Eclipse, the world’s largest yacht presently.

An overview of Azzam’s constructional superiorities can be enumerated as follows:

• Constructional cost of over US$ 600 million

•  A length of around 180 metres, over 17 metres longer than Eclipse with a beam of almost 21 metres and a draft of nearly 4.5 metres
• A GRT of around 14,000 tonnes
• Accommodation provided by way of 50 luxurious cabin suites with an entourage of about 50 crewing personnel

• State-of-the-art manoeuvring systems accounting for high speeds touching up to 30 knots
• First vessel to be equipped with heatrecycling systems to operate the equipment aiding in the water desalinisation processes
• Unique construction allowing for substantial reduction in the emanating of noxious gasesand enhanced operational efficiency

Azzam’s builderLurssen also holds the distinction of constructing Topaz, presently the world’s fourth largest superyacht. Alongside Topaz and Eclipse, the list of the world’s largest super yachts also includes the likes of Pelorus , owned by the noted Russian oligarch Roman Abramovich.

With a name that translates to ‘determination’ in English, Azzamtruly presents a strongly determined picture of yachting splendour before the whole wide world to behold.

You may also like to read:- The Awe-Inspiring Adastra Superyacht

References: nydailynews, boatinternational, worldrecordacademy

Image Credits: swide, charterworld, resources0

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Azzam: Behind the design of the world's largest superyacht

In October 2013, Lürssen shipyard delivered the largest privately owned superyacht in the world, 180 metre Azzam . With a staggering 13,000GT (approx), the all-white yacht has held its title unchallenged for nearly seven years. Although this reign will come to an end with the delivery of 183 metre REV , it is a project that has captured the attention and imagination of those who have laid eyes on her.

Designed by Italian studio Nauta Design , the focus for the team was to create a design with a strong character while also being able to endure the test of time. Using a combination of elements from contemporary, modern architecture, Azzam was designed to mark a milestone in the global superyacht fleet for decades to come.

“ Azzam features balanced, modern architecture composed of straight lines and proportional volumes, which are some of the main design principles of Nauta Design,” explained Mario Pedol, co-founder of Nauta Design.

“When we were called to participate in pitching for the exterior styling of this yacht we knew it would be the most demanding work of our career, defined by the strictest and most challenging requests in term of dimensions, performances and technology. What made us confident to be able to deal with such a challenge was the interpretation of the client’s brief. The best technology was required in order to obtain the highest performance possible.”

Inspired by the studio’s earlier concepts Light 80 and Light 90, 82 and 90 metres respectively, Azzam was a giant leap in scale and presented both creative and technical challenges, with pressure added to the project by a tight deadline for delivery.

"We all made a huge effort to comply with an incredibly short, thus very challenging, design and production schedule which Lürssen actually succeeded in achieving — even a month ahead of time,” said Pedol in an interview with BOAT International in 2014.

Azzam ’s record-breaking build time was under three years from steel cutting, following one year of engineering according to the German shipyard. This is much owed to Burgess who acted as the owner's technical consultant and project manager throughout the entire build.

Azzam has an official top speed of 30 knots thanks to two diesel engines combined with two gas turbines that produce 70,095 kW (94,000hp) and are connected to waterjets. This is an incredible achievement for a vessel of this size, made all the more significant when considering the speed in which the project took to deliver.

“We’ve had a lot of compliments for Azzam ,” Pedol revealed to BOAT International during a candid interview in early 2015. “They all talk about elegance and balance, that she doesn’t look as big as she is, and I think this is a good achievement.”

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Azzam Specifications

• Model Custom
• Hull Colour -
• Naval Architect Lurssen Yachts
• Exterior Designer Nauta Design
• Interior Designer Christophe Leoni
• Length Overall 180.6m
• Length at Waterline -
• Draft (min) -
• Draft (max) 4.3m
• Gross Tonnage -
• Cabins Total -
• Hull Configuration -
• Hull Material Steel
• Superstructure -
• Deck Material -
• Fuel Type Diesel / Gas Turbine
• Manufacturer -
• Power 47000 hp
• Total Power 47000 hp
• Propulsion -
• Max Speed 30 Kn
• Cruising Speed -
• Fuel Capacity -
• Water Capacity -
• Generator -
• Stabilizers -
• Thrusters -
• Amenities -
• Yacht Builder Lurssen Yachts View profile
• Naval Architect Lurssen Yachts View profile
• Exterior Designer Nauta Design View profile
• Interior Designer Christophe Leoni No profile available

Yacht Specs

Other lurssen yachts, related news.

Built by more than 4,000 people in 4 years, Azzam is the largest superyacht in the world. The $600 million vessel is as fast as a navy frigate and burns 13 tons of fuel every 60 mins. Owned by the Crown Prince of Abu Dhabi it is so massive you can practice golf inside it.

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Lürssen launches Azzam, the world’s largest superyacht

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Azzam pushes Roman Abramovich's Eclipse into second place in the superyacht size stakes

Roman Abramovich has just been nudged into second place in the superyacht stakes as German yard Lürssen has launched the epic 180m (590ft) Azzam .

Believed to have been built for a member of the Qatari royal family, the superyacht out-LOAs Abramovich’s 165m Eclipse by about 15 metres.

When she is delivered later this year, Azzam will have been in build for just three years, a relatively short build-time for such a huge project.

Lürssen managing partner Peter Lürssen said: “She truly represents another milestone in not only our history but yachting history as well.”

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“It has been a real team effort between all the professionals involved including ourselves, the builder and the designers.”

Azzam has 94,000hp of power available, which will be channelled through two gas turbines and two diesel engines to produce speeds in excess of 30 knots.

The exterior styling of the superyacht was done by Nauta Yachts , and the interior design by Christophe Leoni , whose brief was to create “a sophisticated and luxurious interior in a turn of the century ‘Empire’ style”.

One of the most standout features is an open-plan main saloon that’s 29m long and 18m wide, with no pillars or supports to interrupt sightlines.

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The new ‘Transformer’ megayacht concept that expands at anchor

Revealed: the true cost of running a $3 million superyacht, the massive 278-foot explorer victorious will be the star at this year’s miami boat show 2024, latest videos, watch: parker sorrento sea trial: 50-knot cruiser with a killer aft cabin, watch: virtue v10 sea trial: €272k weekender, how to mark your anchor chain: 6 top tips from our expert, watch: galeon 560 fly sea trial – the best galeon flybridge you can buy.

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The Real Costs of Owning a Superyacht [Complete Guide]

November 25, 2019 1:00 pm

Owning a  superyacht  is a status symbol available only to the world’s wealthiest individuals and corporations. Although there is no strict definition, the Red Ensign Group Yacht Code is applicable to “motor or sailing vessels of 24 meters in load line length and over…and which, at the time, is in commercial use for sport or pleasure and carries no cargo and no more than 12 passengers 1 .” There are currently just over 10,000 superyachts in the world with around 200-250 new builds delivered each year. The vast majority are  motor yachts , with sailing yachts counting for less than 20% of the total. The world’s largest private vessel, Khalifa bin Zayed Al Nahyan’s 180m (590-foot) AZZAM,  cost $600 million to build when it was delivered in 2013. Eight of the ten most expensive luxury acquisitions of all time were superyachts.

Purchase Cost

Buying a new or used superyacht will most likely cost the buyer several million dollars. Pricing varies widely based on the yacht size, age, and other factors such as builder, guest capacity, speed, range, and more. The market is worldwide and extensive. Any potential buyer would be well-advised to engage a professional, certified broker to guide them in the selection of their dream yacht and through the myriad of complications in making the purchase.

• • Financing the Purchase
• • Immediate Post Purchase Costs

Operating Costs

In years past, owners and their brokers would work on 10% of the purchase price as an estimate of annual operating costs, but the vast range of yacht size, operating location, and usage profile makes this approach less useful without giving the question more thought. Building a budget for a yacht requires consideration of the following elements:

Crew – Salary, payroll taxes, recruitment fees, uniform, health insurance, food, and travel for vacation and repatriation are all crew-related costs. A good guide for salary costs is published by Dockwalk magazine every year based on an extensive survey of the crew and placement agents. Using their most recent article as a guide, a crew of eight full-time crew on a 150-foot yacht will cost over $650,000 per year in salary alone. Get a complete crew cost breakdown.

Dockage – Unless the owner plans to spend the year at anchor, then keeping the yacht in a marina incurs a significant cost. Dockage is normally sold per foot of the yacht’s full length and per night, although contract rates for longer periods may be available. High-quality marinas in peak seasons are currently running in the $6-8 per foot per night range. Electricity, fresh water, and waste removal are all additional costs to be considered.

Fuel – The captain or engineer should be able to provide the fuel consumption per hour at any given speed, so if a yacht owner knows roughly how much he wants the boat to travel, then he can estimate the total fuel consumption and budget the fuel cost. There is also the fuel cost for generators, particularly at anchor. A typical 150-foot motor yacht cruising at 12 knots will consume in the region of 150 U.S. gallons per hour. At today’s fuel prices, that’s going to be close to $500 per hour. 500 hours per year will give us the main engine fuel budget of around $250,000. To this, we must also add the generators’ fuel consumption at anchor plus any additional cost for tenders.

Communications – Everyone onboard, crew and guests, want to remain connected to their social media, streaming services, and email. The technology available in this area moves fast and with 5G coming online, near-shore costs will likely come down. For those who want broadband speed while offshore, costs are high and depend on the upload/download speeds required. Start with an estimate of $4-5,000 per month and work from there. Additional communications costs include satellite TV subscriptions, crew cell phone costs, mail, freight, and more. Get a complete communication cost breakdown.

Maintenance, Consumables, and Other Operating Costs – Having considered crew payroll, marina costs, fuel, and internet, the budget will start to materialize. One must take all other costs into account, such as hull insurance, liability insurance, maintenance and consumables, warehousing, safety and survey costs, upkeep of the navigation outfit, computing support, car rental, and more.   

Looking for more details?

Receive the complete Cost of Yacht Ownership Guide including:

• • Offsetting Expenses With Charter
• • Superyacht Financing
• • Budget Development + More

This should not be considered a financial guide. For a more accurate estimate, contact Clive McCartney .

1 Red Ensign Group Yacht Code Section A 1.2(1) 

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85′ azimut 2006 sold by florent moranzoni [eva].

85′ Azimut 2006 Sold by Florent Moranzoni [EVA] EVA, an 85′ (26.82m) Azimut built in 2006, was sold by Florent Moranzoni, who represented the Seller. Special thanks to James von Eiberg of Bluebnc, who represented the Buyer. EVA can accommodate ten guests in four comfortable cabins, including a

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How Much Does a Superyacht Cost?

21st apr 2024 by samantha wilson.

Superyachts are some of the most astounding machines on the planet. Their innovation and luxury have fascinated us for decades as we’ve watched them grow in length—and cost—by the year. Today, some of the most expensive yachts in the world can measure a staggering 590 feet and cost hundreds of millions of dollars. Yet the purchase price is just the beginning, and you need to have extremely deep pockets to consider owning a superyacht. Here we take a closer look at how much it costs not just to build or buy a superyacht, but to run it, as well as the price of chartering one of these magnificent vessels. 

Superyachts are some of the most expensive luxury items on the planet and the largest ones can cost hundreds of millions of dollars. 

The Cost of Buying a Superyacht

There are 5,396 superyachts (classified as over 98 feet in length) gracing our oceans as we speak according to SuperYacht Times reporting in 2022. It’s a surprisingly small number when you consider the vast industry that supports them. Although when we look at the cost of owning a superyacht—the build or purchase price , as well as the annual ownership costs—it perhaps shouldn’t come as quite such a surprise. Superyachts are expensive! In fact, they’re one of the most expensive luxury items in the world, and some of the largest superyachts cost not just millions but hundreds of millions to build. 

The gargantuan Azzam holds the title of the world’s largest superyacht (for now), and at 590 feet long, it is huge. (See our analysis on Superyacht versus Megayacht .) The industry has estimated it cost $600 million to build, a figure that few people in the world can afford. One of those people is Russian billionaire Roman Abramovich, whose 533-foot superyacht Eclipse cost an estimated $700 million to build in 2009. Jeff Bezos' recently completed the 417-foot superyacht Koru for an estimated $500 million.

While the largest superyachts hit headlines with their jaw-dropping sizes and build prices, the term “superyacht” covers a broad spectrum of sizes, from the smallest 80- to 100-foot (30-meter) yachts straight up to 230-foot yachts (70 meters) and on to those in the 330-foot (100 meter) range. According to Triton Charters, a good rough estimate for a small, custom-built superyacht is $1 million for every 3.3 feet in length. That means a custom 100-footer might cost $30 million. The formula is less likely to work for a larger superyacht, however, such as a 330-footer that could easily have a price tag of $275 million. 

When discussing prices it’s important to point out that custom and semi-custom vessels built in a production series hull) superyachts will vary in price accordingly. Many brands such as Princess Yachts or Sunseeker offer a production hull with a range of customizable options, from the layout to the finishings. The specifications chosen may increase the final price 20 percent or more. Even so, a new 130-foot semi-custom superyacht might cost in the region of $12-15 million, less than half what a fully custom yacht would cost due to being built from scratch from the very design upwards. 

Pre-owned superyachts of reasonably large size are likely to sell for prices in the $20 to $30 million range, according to a report by Insure4Boats. Older yachts on the market may fetch prices as low as $1.5 million to $2.5 million for a 15- to 20-year-old 90-foot superyacht. 

Superyachts vary hugely in size, from 100 feet to the largest at 590 feet in length. 

Cost of Owning a Superyacht

Buying a superyacht is one thing, keeping it running is quite another. Where the industry once used the figure of 10 to 12 percent of the price of the boat in running costs per year, today that figure has risen to closer to 20 percent, according to Insure4Boats. So what goes into the running of a boat and why does it cost so much?

As we’ve seen, the sale prices of used yachts vary widely, from $11 million in the 130- to 160-foot category, $24 million in the 160- to 230-foot category, and perhaps $80 million for yachts of 230 feet or more. The running and maintenance costs of any vessel always need to be taken into account when looking at luxury yachts for sale , but when we’re talking superyachts for sale, the figures rise exponentially. 

• Fuel: One of the biggest expenses is fuel, as superyachts are thirsty machines. As an example, a 230-foot yacht will use around $2,000 of fuel per hour while underway at 20 knots. A smaller yacht will use much less fuel, so a 150-foot yacht will use around 150 gallons per hour at a rough cost of around $500/hour. Assuming a figure of 500 hours of cruising time a year, that’s a total of $250,000 (excluding all the time spent at anchor with generators running). 
• Dockage: Dockage costs for the largest superyachts can be extraodinary, and at any size point they will still be one the biggest expenditures. Prices are based on the length of the yacht per night. The more sought-after and prestigious addresses will carry the largest price tags, with $4,000 per night in the high season commonplace according to the Luxury Yacht Group. Towergate Insurance estimates that docking fees for larger boats can run up to $350,000 per year. 
• Crew Salaries: Depending on the size of the superyacht, a full-time crew is usually required, and the size of that crew goes up with the yacht size, ranging from three or four members to in excess of 70 members. From the captain all the way down, the total sum of crew salaries will add up. A comparatively modest 150-foot superyacht could have an annual crew salary of $800,000 according to Luxury Yacht Group, which is around 45 percent of the total annual running costs. 
• Maintenance: The upkeep and maintenance of these behemoth yachts is constant and, according to CNN, the annual estimated maintenance costs for Azzam are around $60 million. A much smaller yacht would of course be quite a bit less, but the same yacht maintenance costs need to be factored in. Add to that surveys every few years, which can run into the hundreds of thousands. 
• Provisions: Whether the boat is being used by the owner or for charter, there will be a significant cost to provisioning, both for high-profile guests and the crew. Food, alcohol, flowers, water sports equipment, and much more will all be of the highest caliber and run into the hundreds of thousands of dollars. Consider that a single jet ski to run off the back of the yacht can cost between $5,000 and $20,000. 
• Insurance and administration: The insurance on a 150-foot yacht would be around $73,000 annually, according to Luxury Yacht Group, with management and administration costs on top of that. 

The annual maintenance and running costs of superyachts can run into the millions including crew salaries, fuel, and dockage fees. 

How Much Does it Cost to Charter a Superyacht

If the numbers above have got you reassessing whether superyacht ownership is right for you, then fear not. Chartering a superyacht can be a stress-free way to enjoy the luxury yachting lifestyle with more predictable prices. The cost of chartering a yacht will depend on several factors such as the size and age of the yacht, the destination, the length of the charter, and the level of provisioning required. 

Superyachts usually operate on a pricing structure that is based on the base cost of chartering the yacht including the crew, facilities, and insurance. Other expenses such as fuel costs, food and drinks, special events, and dockage, which will all vary from charter to charter, are charged in advance in what is known as an Advanced Provisioning Allowance (APA).

According to Northrop and Johnson, superyacht charters can cost anywhere from $150,000 per week to over $2 million per week plus expenses. The 278-foot yacht O’ptasia , for example, has charter prices starting at $868,000, while 196-foot Scott Free starts at £395,000 per week.

Buying a Superyacht

If you think purchasing a superyacht might be right for you some day, read our  Top Tips on How to Buy a Superyacht  and our article on  Superyachts 101: All Your Questions Answered . You can get started by browsing for superyachts for sale and megayachts for sale on Rightboat. 

Written By: Samantha Wilson

Samantha Wilson has spent her entire life on and around boats, from tiny sailing dinghies all the way up to superyachts. She writes for many boating and yachting publications, top charter agencies, and some of the largest travel businesses in the industry, combining her knowledge and passion of boating, travel and writing to create topical, useful and engaging content.

More from: Samantha Wilson

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Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic

As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.

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By Emma Bubola and Michael J. de la Merced

Emma Bubola reported from Porticello, Italy, and Michael J. de la Merced from London.

Two months after being cleared in a bruising legal battle over fraud charges, the British tech mogul Mike Lynch celebrated his freedom with a cruise. He invited his family, friends and part of his legal team on board his luxury sailing yacht, a majestic 180-foot vessel named Bayesian after the mathematical theorem around which he had built his empire.

On Sunday night, after a tour of the Gulf of Naples, including Capri, and volcanic islands in the Eolian archipelago, the boat anchored half a mile off the Sicilian coast in Porticello, Italy. It chose a stretch of water favored by the Phoenicians thousands of years ago for its protection from the mistral wind and, in more recent times, by the yachts of tech billionaires. The boat was lit “like a Christmas tree,” local residents said, standing out against the full moon.

But about 4 a.m., calamity unfolded. A violent and fast storm hit the area with some of the strongest winds locals said they had ever felt. Fabio Cefalù, a fisherman, said he saw a flare pierce the darkness shortly after 4.

Minutes later, the yacht was underwater. Only dozens of cushions from the boat’s deck and a gigantic radar from its mast floated on the surface of the sea, fishermen said.

In all, 22 people were on board, 15 of whom were rescued. Six bodies — five passengers and the ship’s cook — had been recovered by Thursday afternoon, including that of Mr. Lynch, an Italian government official said, adding that the search was continuing for his daughter.

It was a tragic and mystifying turn of events for Mr. Lynch, 59, who had spent years seeking to clear his name and was finally inaugurating a new chapter in his life. Experts wondered how a $40 million yacht, so robust and stable could have been sunk by a storm near a port within minutes.

“It drives me insane,” said Giovanni Costantino, the chief executive of the Italian Sea Group, which in 2022 bought the company, Perini, that made the Bayesian. “Following all the proper procedures, that boat is unsinkable.”

The aura of misfortune only deepened when it emerged that Stephen Chamberlain, 52, a former vice president of finance for Mr. Lynch’s former company and a co-defendant in the fraud case, was killed two days earlier, when he was hit by a car while jogging near his house in England.

Since June, the two men had been in a jubilant mood. A jury in San Francisco had acquitted both on fraud charges that could have sent them to prison for two decades. There were hugs and tears, and they and their legal teams went for a celebratory dinner party at a restaurant in the city, said Gary S. Lincenberg, a lawyer for Mr. Chamberlain.

The sea excursion was meant as a thank-you by Mr. Lynch to those who had helped him in his legal travails. Among the guests was Christopher J. Morvillo, 59, a scion of a prominent New York family of lawyers who had represented Mr. Lynch for 12 years. He and his wife, Neda, 57, were among the missing.

So, too, was Jonathan Bloomer, 70, a veteran British insurance executive who chaired Morgan Stanley International and the insurer Hiscox.

The body of the ship’s cook, Recaldo Thomas, was recovered. All the other crew members survived. Among them was Leo Eppel, 19, of South Africa, who was on his first yacht voyage working as a deck steward, said a friend, who asked not to be identified.

Since the sinking, the recovery effort and investigation have turned the tiny port town of Porticello, a quiet enclave where older men sit bare-chested on balconies, into what feels like the set of a movie.

Helicopters have flown overhead. Ambulances have sped by with the sirens blaring. The Coast Guard has patrolled the waters off shore, within sight of a cordoned-off dock that had been turned into an emergency headquarters.

On Wednesday afternoon, a church bell tolled after the first body bag was loaded into an ambulance, a crowd watching in silence.

The survivors were sheltering in a sprawling resort near Porticello, with a view of the shipwreck spot, and had so far declined to comment.

Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said that the yacht had most likely been hit by a fierce “down burst” — when air generated within a thunderstorm descends rapidly — or by a waterspout , similar to a tornado over water.

He added that his agency had put out rough-sea warnings the previous evening, alerting sailors about storms and strong winds. Locals said the winds “felt like an earthquake.”

Mr. Costantino, the boat executive, said the yacht had been specifically designed for having a tall mast — the second-tallest aluminum mast in the world. He said the Bayesian was an extremely safe and secure boat that could list even to 75 degrees without capsizing.

But he said that if some of the hatches on the side and in the stern, or some of the deck doors, had been open, the boat could have taken on water and sunk. Standard procedure in such storms, he said, is to switch on the engine, lift the anchor and turn the boat into the wind, lowering the keel for extra stability, closing doors and gathering the guests in the main hall inside the deck.

12 guests occupied the yacht’s six cabins. There were also 10 crew members.

Open hatches, doors and cabin windows could have let in water during a storm, according to the manufacturer.

Open hatches, doors and

cabin windows could

have let in water

during a storm,

according to the

manufacturer.

Source: Superyacht Times, YachtCharterFleet, MarineTraffic

By Veronica Penney

The New York Times attempted to reach the captain, James Cutfield, who had survived, for comment through social media, his brother and the management company of the yacht (which did not hire the crew), but did not make contact.

So far none of the surviving crew members have made a public statement about what happened that night.

Fabio Genco, the director of Palermo’s emergency services, who treated some of the survivors, said that the victims had recounted feeling as if the boat was being lifted, then suddenly dropped, with objects from the cabins falling on them.

The Italian Coast Guard said it had deployed a remotely operated vehicle that can prowl underwater for up to seven hours at a depth of more than 980 feet and record videos and images that they hoped would help them reconstruct the dynamics of the sinking. Such devices were used during the search and rescue operations of the Titan vessel that is believed to have imploded last summer near the wreckage of the Titanic.

After rescuers broke inside the yacht, they struggled to navigate the ropes and many pieces of furniture cluttering the vessel, said Luca Cari, a spokesman for Italy’s national firefighter corps.

Finally, as of Thursday morning, they had managed to retrieve all but one of the missing bodies, and hopes of finding the missing person alive were thin. “Can a human being be underwater for two days?” Mr. Cari asked.

What was certain was that Mr. Lynch’s death was yet another cruel twist of fate for a man who had spent years seeking to clear his name.

He earned a fortune in technology and was nicknamed Britain’s Bill Gates. But for more than a decade, he had been treated as anything but a respected tech leader.

He was accused by Hewlett-Packard, the American technological pioneer that had bought his software company, Autonomy, for $11 billion, of misleading it about his company’s worth. (Hewlett-Packard wrote down the value of the transaction by about $8.8 billion, and critics called it one of the worst deals of all time .) He had been increasingly shunned by the British establishment that he sought to break into after growing up working-class outside London.

He was extradited to San Francisco to face criminal charges, and confined to house arrest and 24-hour surveillance on his dime. In a townhouse in the Pacific Heights neighborhood — with security people he jokingly told associates were his “roommates” — he spent his mornings talking with researchers whom he funded personally on new applications for artificial intelligence. Afterward, he devoted hours to discussing legal strategy with his team.

Despite his persistent claims of innocence, even those close to Mr. Lynch had believed his odds of victory were slim. Autonomy’s chief financial officer, Sushovan Hussain, was convicted in 2018 of similar fraud charges and spent five years in prison.

During Mr. Lynch’s house arrest, his brother and mother died. His wife, Angela Bacares, frequently flew over from England, and she became a constant presence in the San Francisco courtroom during the trial.

After he was finally acquitted, Mr. Lynch had his eye on the future. “I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” he said.

Elisabetta Povoledo contributed reporting from Pallanza, Italy.

Emma Bubola is a Times reporter based in Rome. More about Emma Bubola

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

How did the superyacht carrying tech tycoon Mike Lynch sink off Sicily?

Lynch’s was among five bodies retrieved by divers on Wednesday after the Bayesian sank, according to reports.

Five bodies were retrieved on Wednesday, and a sixth on Friday , by divers searching for those missing from the superyacht which sank off the Sicilian coast in the Mediterranean. The bodies found include British tech tycoon Mike Lynch , the UK’s Telegraph reported. The bodies have not been formally identified by the authorities yet.

It is understood that they were retrieved from inside the sunken yacht, which is reported to be lying on its side on the sea bed at a depth of 50 metres

Keep reading

One dead, six missing after luxury superyacht capsizes off sicily coast, luxury yacht sinks off sicilian coast, uk extradites autonomy co-founder mike lynch to us, how serious are the wildfires near athens, greece.

This brings the total death toll to seven; one person, reported to be the chef from the yacht, was confirmed dead on Monday.

The yacht capsized on Monday at about 5am (03:00 GMT) after it was hit by stormy weather caused by a “waterspout” – or mini tornado – according to Italian authorities.

The cruise had reportedly been undertaken to celebrate the acquittal of Lynch in a fraud trial in the United States in June.

His co-defendant in the trial, Steve Chamberlain, who was also acquitted in June, was killed after being hit by a car on Saturday.

Here’s what is known so far about the yacht, those on board and who died or were still missing after it sank.

Who was on the superyacht which sank?

According to the Italian coastguard, the 56-metre-long (184 feet) British-flagged yacht, called the Bayesian, was carrying 22 people, including 10 crew members.

One person has been confirmed dead after rescuers located a body on Monday at a depth of about 50 metres (164 feet), the AFP news agency reported. Officials have not yet given the name of the deceased but Italian media reported that he was the yacht’s chef.

AFP reported on Tuesday that divers had spotted a second body inside the sunk boat, quoting a source close to the search operation. Authorities have not confirmed it yet, though.

While not all the names of the six missing passengers were not made public officially, they were understood to include:

• Mike Lynch, 59, a British-Irish technology businessman who co-founded British tech company Autonomy in 1996 and was once likened to Microsoft founder Bill Gates; he earned a PhD from Cambridge University
• Hannah Lynch, 18, Mike’s daughter, who had just completed her final school exams and was due to begin a degree in English at the University of Oxford this September
• Jonathan Bloomer, the 70-year-old British chairman of Morgan Stanley bank and the Hiscox insurance company, was confirmed as missing by Hiscox CEO Aki Hussain
• Judy Bloomer, Jonathan’s wife, was also confirmed as missing by Hussain
• Chris Morvillo, from British international law firm Clifford Chance, was confirmed to be missing by Salvatore Cocina, head of the Civil Protection in Sicily

Fifteen people, including Lynch’s wife, Angela Bacares, were rescued. Among others rescued were Charlotte Golunski, 36, a board director at Luminance, a software startup founded by Lynch; her husband, James; and their one-year-old daughter, Sophie. Golunski is understood to have kept her daughter alive by holding her above her head while she was in the water.

All those rescued are in stable condition, although eight of them have been hospitalised, according to Italian news agency Adnkronos.

What do we know about the Bayesian?

Italian shipbuilder Perini Navi constructed the superyacht in 2008 and refitted it in 2020, according to the company’s website.

The yacht’s owner is listed as Revtom Limited, a firm solely owned by Lynch’s wife, Bacares, according to company documents seen by the Reuters news agency.

It was formerly called Salute but was renamed Bayesian after Lynch’s PhD thesis and his software that earned him a fortune. Both of these were based on the statistical Bayesian theory, championed by mathematician Thomas Bayes.

Where was the Bayesian last seen and where was it going?

The Bayesian was last located on Sunday evening in the Tyrrhenian Sea, east of the harbour at Porticello, according to ship tracking websites Vessel Finder and Marine Traffic.

Porticello is a port city located near the Sicilian capital, Palermo.

The yacht had departed on August 14 from the Sicilian port of Milazzo. Its destination was reported to be the Italian city of Bagheria by the tracking websites.

Did a waterspout cause the yacht to sink?

Italian authorities reported that the stormy conditions that caused the yacht to sink were triggered by a waterspout.

A waterspout is a rotating column of whirling air and water mist – sometimes referred to as a mini tornado – according to the website of the US National Ocean Service.

The website adds that a tornadic waterspout is a tornado that forms over water or moves from land to water. They are similar to land tornadoes and can occur during thunderstorms.

Who is Stephen Chamberlain and how is he connected to this case?

Chamberlain, 52, was Lynch’s co-defendant in a fraud trial in San Francisco, which saw both men acquitted in June.

Chamberlain died in a hospital from injuries sustained when he was hit by a car while out running in Cambridgeshire, United Kingdom, on Saturday. His death was confirmed by his lawyer Gary Lincenberg in a statement on Monday.

The fraud case related to Hewlett Packard’s $11bn acquisition of Autonomy, the firm Lynch grew into the UK’s leading tech company before it spectacularly unravelled after being bought by HP in 2011.

Lynch was extradited to the US in May 2023 and he spent more than a year under house arrest before his acquittal. Chamberlain was the former vice president of finance at Autonomy.

The yacht trip was supposedly a celebration of Lynch’s acquittal.

How did the rescue operation unfold?

Specialist divers began a search anew for the six missing people on Tuesday. Three divers, equipped with oxygen cylinders, descended beneath the surface to examine the wreck.

They initially faced difficulty accessing the yacht’s chambers because they were constricted by furniture.

An investigation into the wreck has been opened by prosecutors in the nearby Sicilian town of Termini Imerese.

What have survivors and witnesses said about the incident?

“It was terrible. The boat was hit by really strong wind and shortly after it went down,” survivor Golunski told the ANSA news agency.

She added that she had lost hold of her one-year-old daughter in the water for “two seconds”, but then managed to grab her and hold her up over the waves until a lifeboat inflated and they were both pulled to safety. She reported that people were screaming.

Karsten Borner, a captain of a nearby yacht who witnessed the sinking, said he had turned on the engine of his ship to prevent collision with the Bayesian. “We managed to keep the ship in position and after the storm was over, we noticed that the ship behind us was gone,” he told reporters.

Bloomer’s wife, Judy, is a trustee of the Eve Appeal, a UK-based gynaecological cancer research charity. Athena Lamnisos, the CEO of the Eve Appeal, was quoted by the BBC saying she was “deeply shocked to hear the news that our very dear friend and her husband Jonathan, are among those missing”.