Following the fall of the Soviet Union in 1991, some Russians were able to amass vast fortunes putting them amongst the richest men in the world. According to Forbes, Russia currently has 77 billionaires despite the country's current economic crisis.
In the past two decades, these oligarchs have been instrumental to the development of the yachting industry, setting a new benchmark as to what could be considered to be a megayacht.
In 1990, the world of megayachts was mainly dominated by Middle Eastern Royal families and Greek magnates such as Stavros Niarchos (commissioned the Atlantis and Atlantis II). The 147m Prince Abdulaziz, owned by the Saudi Royal family, was at the time the largest superyacht in the world.
In the late 1990s and early 2000s, the landscape of the megayacht industry however started to change with a new influx of owners from Russia and the US tech scene. From 1992 to 2005, 20 superyachts over 80 meters in length were delivered, surpassing the 19 megayachts delivered from 1865 to 1992.
These new megayachts famously included Paul Allen's Octopus, David Geffen's Rising Sun, Berezovsky's Radiant but also the yachts that came to be known in the field as Abramovich's Navy consisting of Sussurro, Ecstasea, Le Grand Bleu, Luna, Pelorus and later Eclipse.
As the financial crisis hit the sector in 2008, the small and middle-size yachting market was severely hit but while many thought the megayacht industry would collapse, it continued its exponential growth. Between 2008 and 2016, a further 48 megayachts have been built, doubling the previous decades' amount of yachts over 80m delivered.
Not only were there suddenly more megayachts but their size also grew with the 162.5m Eclipse being delivered in 2010 for Mr. Abramovich. This growth in uncertain times was once again, in most part, brought by an expanding class of Russian oligarchs.
Serene, first yacht built by Ficantieri was ordered by Yuri Sheffler before being sold in 2015 to a Middle Eastern buyer. M/Y A was famously commissioned by Andrei Melnichenko and delivered in 2008, same year as Lurssen delivered the first 110m Dilbar to Mr Usmanov.
As many began to think that this segment would finally collapse with a weak recovery followed by recession in Russia, demand did not go away. In 2014, 104m Quantum Blue was delivered to Sergey Galitskiy and 140m Ocean Victory to Viktor Rashnikov.
In the summer of 2016, a new Dilbar, which is now speculated to be the largest yacht by gross tonnage, was delivered to Mr Usmanov. As for Abramovich's Navy, it has now been split up with Eugene Schvidler now owning Le Grand Bleu, Farkhad Akhmedov buying Luna whilst Pelorus and Ecstasea were both sold to Middle Eastern buyers.
Whether this growth of the megayacht sector will continue is questionable due to renewed turmoil in Russia's economy. Melnichenko's newest 142m S/Y A project however does seem to be a good indicator that there may be one day a 200m yacht.
Here below are some of the most advanced and industry-leading yachts that were commissioned by Russian oligarchs over the past two decades.
162.5m Eclipse - Roman Abramovich
Photo by Julien Hubert
The 162.5m yacht was built by by German shipyard Blohm & Voss in 2010 and held the title of the world's largest private yacht until 2013, when the 180 metre Azzam stole the crown. Although not all the details of the megayacht are unveiled, it is known that her interiors feature designs by the renowned London-based team at Terence Disdale Design. It is speculated that Eclipse boasts a military-grade missile defense system, armor plating and bulletproof windows, while hosting three helipads, a private theater and a fitness center.
156m Dilbar - Alisher Usmanov
Photo by @superyachts_gibraltar
World's largest yacht by a volume, the 156m Dilbar was delivered to Alisher Usmanov in May 2016. Confidentiality is upheld to the highest degree at Lurssen, which celebrated its 140th anniversary in 2015, but it is understood that Dilbar's exterior design comes from Espen Oeino with interiors by Andrew Winch. It is also know the yacht has a steel hull and aluminium superstructure. The Russian oligarch has another Lurssen superyacht, 110m Ona, that was previously named Dilbar as well.
140m Ocean Victory - Viktor Rashnikov
Delivered by Fincantieri in 2014, Ocean Victory is designed by Espen Oeino with interior spaces created by the late Alberto Pinto together with Sessa Romboli. Owned by Viktor Rashnikov, the vessel accommodates up to 36 guests. As with many other yachts of this size, she is packed with alluring features such as 6 pools spread out over her 7 decks, an internal floodable dock to house her 14m tender,two helipads and a vast spa area.
119m A - Andrey Melnichenko
M/Y A, owned by Andrey Melnichenko is reportedly now for sale. A was built by Blohm+Voss in 2008. Designed by Philippe Starck, the vessel remains the most talked-about yacht on the seas. She is capable of accommodating 14 guests in 7 luxurious cabins, as well as a crew of 42. Mr Melnichenko's second yacht, the 142.8m S/Y A, is being built at the Nobiskrug shipyard in Germany. According to the Daily Mail, the new project will cost close to 450 million dollars.
99m Madame Gu - Andrei Skoch
According to Forbes Russia, the 99m superyacht belongs to Andrei Skoch. Madame Gu was built by Feadship in 2013 and delivered after four years of construction. Andrew Winch styled her exterior, whilst De Voogt was responsible for the naval architecture. With perfect proportions, it's hard to imagine that her tonnage exceeds 2,900 GRT. The interior, also designed by Andrew Winch, accommodates twelve guests in six cabins. The crew quarters are composed of 18 cabins for 36 members. This twin screw superyacht is powered by quadruple 3,600kW MTU engines providing a top speed of 24 knots and a cruising speed of 22 knots.
95.15m Palladium - Mikhail Prokhorov
With an original design by Michael Leach, Palladium, formerly Project Orca, is thought to be owned by Mikhail Prokhorov. Palladium is a 95.15m (312.17 ft) luxury motor yacht, built by Blohm + Voss in 2010. With a beam of 16.00m and a draft of 4.40m, she has a steel hull and aluminium superstructure.
88.5m Nirvana - Vladimir Potanin
Built by Oceanco in 2012, Nirvana was the star of the Monaco Yacht Show the following year busting an aquarium aft and a set of revolutionary features. Owned by Vladimir Potanin, the yacht features a jungle-themed interior design. Nirvana also hosts two spa pools and extensive lounging accommodations. Designed by Sam Sorgiovanni, the yacht has a transpacific range and a maximum speed of 19.5 knots. Nirvana was previously listed for sale asking 199 million euros but was supposedly taken off the market without any sale occurring.
The 50-meter Heesen motor yacht Bijin has completed a comprehensive refit at Monaco Marine's La Seyne-sur-Mer facility. Formerly named Sibelle, the vessel was sold in October 2024 with Burgess representing the buyer and Ocean Independence the seller.The nine-month project involved exterior repainting from oyster white and grey to Matterhorn white with jet black accents and a red boot stripe. Interior updates focused on Japandi-inspired design elements blending Japanese minimalism with Scandinavian influences. Milan-based studio Hot Lab led the design in collaboration with Austrian contractors List GC.Hot Lab design director Enrico Lumini stated: "Their hands-on involvement and constructive approach were instrumental in helping us navigate challenges and complete the project within the established timeframe." The owners maintained an active role throughout the process, having previously worked with the design studio.Refit work concentrated on soft furnishings including beds, headboards, curtains, carpets, and loose furniture rather than structural modifications. The color palette shifted toward lighter tones and softer brown shades to create what the owner described as "an organic, naturally blending and appealing design" for guest relaxation.Originally delivered in 2015 with a Fast Displacement Hull Form design, Bijin received recognition at the 2016 World Superyacht Awards. The yacht accommodates 10 guests with an owner's suite featuring dual bathrooms serving as buffer zones before the main cabin.Monaco Marine project manager Augustin Fabre noted the refit met "the most demanding standards" for visual identity and functionality. The yacht will operate for both private use and charter in the Western Mediterranean, with initial seasons fully booked.The refit demonstrates continued market activity in large yacht refurbishment projects, particularly for well-maintained vessels requiring aesthetic updates rather than technical overhauls. The collaboration between ownership, design teams, and shipyard resulted in a nine-month completion timeline.Heesen Yachts is a Dutch ship building company that specializes in custom-built superyachts in aluminum and steel from 30m to 70m in size. Founded in 1978, it has launched more than 170 yachts since its inception.Credits: Viken Group
August 29, 2025
Azimut has developed Neuron, a fully digital yacht management system designed to streamline vessel operation and maintenance. The system was created by Azimut Technical Development in partnership with MDP Tech following a six-month trial installation aboard an Azimut Fly 53 model.Neuron enables remote monitoring and control of onboard systems including lighting, climate control, and entertainment through a customizable interface. The system reduces routine and extraordinary maintenance requirements by approximately 70% through continuous diagnostics and remote troubleshooting capabilities. According to the company, the technology allows after-sales technicians to perform system diagnostics while maintaining customer privacy protections.Technical specifications include a 50% reduction in wiring weight compared to conventional systems, freeing space for other functions. The plug-and-play architecture permits rapid component replacement, starting with control units. Power management features adjust electricity consumption based on real-time requirements.Azimut Technical Director Ruggero Gandolfi stated: "Neuron truly improves the owner's life, not only allowing them to monitor their vessel from home and directly manage certain systems with great ease, but also performing diagnostic tests and reducing unscheduled maintenance."The system is scheduled to become standard equipment on Azimut models up to 24 meters (80 feet) following final verification testing. The development represents Azimut's continued investment in digitalization projects aimed at enhancing owner experience and operational efficiency.Neuron's architecture incorporates risk analysis protocols to minimize system disruptions both at sea and in port. The technology will be rolled out across Azimut's production lines as part of the company's ongoing digital transformation initiatives in yacht manufacturing and support services.Azimut, founded in 1969 by Paolo Vitelli and part of the Azimut|Benetti Group, builds motor yachts from 42 to 144 feet across seven series. The company maintains production facilities in five Italian locations and one in Brazil, and has a global network of sales and service centres.Credits: Azimut
August 29, 2025
Italian yacht builder Sanlorenzo will display ten vessels with combined length of nearly 300 meters at the Cannes Yachting Festival from September 9-14, 2025. The exhibition will feature three global premieres: the SL110A, SX120, and SD132 models, representing expansions of the company's asymmetric, crossover, and semi-displacement yacht lines.SL110AThe 33-meter SL110A continues Sanlorenzo's asymmetrical design concept with a full-beam owner's suite featuring direct access to a forward pool area. Designed by Zuccon International Project with interiors by Piero Lissoni, the vessel reaches speeds up to 27 knots.The SX120 crossover model blends explorer yacht capabilities with flybridge amenities, featuring clean exterior lines and flexible interior layouts. The design maintains the brand's focus on challenging conventional yacht layouts while emphasizing connection to marine environments.SX120At 40.7 meters length, the SD132 becomes Sanlorenzo's largest composite-built yacht to date with 420 GT interior volume. Features include rotating beach club terraces, forward pool area, 85-square-meter flybridge, and side-launching tender garage. Zuccon International Project handled both exterior and interior design.Executive Chairman Massimo Perotti stated: "The Cannes Yachting Festival is a special opportunity for us to share our vision for the future of the industry and to showcase Sanlorenzo's extraordinary dynamism." CEO Tommaso Vincenzi added: "With these three new models, Sanlorenzo reaffirms its vision of yachting as a fine, elegant and responsible way of life."SD132Additional displayed models will include the SP92 from the Smart Performance line, SL86A and SL90A asymmetric yachts, SD90 and SD96 semi-displacement vessels, and SX100 and SX88 crossover designs. The exhibition coincides with the 20th anniversary of Massimo Perotti's leadership at Sanlorenzo.The company's subsidiary brands Bluegame and Nautor Swan will also exhibit new models at the festival, demonstrating the group's diversified product range across multiple yacht segments. Sanlorenzo's presentation occupies significant space in the Vieux-Port exhibition area, reflecting the company's expanded production capabilities across its Italian shipyards.Credits: Sanlorenzo
August 29, 2025
Northrop & Johnson has listed the newly delivered 28.63-meter Sunreef Power catamaran Petite Belle for sale. Broker Gabriele Modica Ragusa represents the fifth hull in this series, which features numerous upgrades from standard specifications.The catamaran's 13.5-meter beam accommodates 10 guests across five ensuite cabins. The main saloon features panoramic glazing that opens to the aft cockpit, integrating interior and exterior social spaces. Outdoor areas include forward lounges, a beach club platform, and an expansive flybridge with hot tub, dining area, and bar.Petite Belle incorporates 13kWp of solar panels integrated into the superstructure and hardtop, supporting silent night operation through battery power. The yacht meets European and U.S. compliance standards including Malta Sea Area A1+A2+A3 certification (sCYC 2024).Additional features include a full AV system with DJ connectivity, 20 underwater lights, security cameras, and custom bar installations. The vessel carries a Williams SportJet 625 tender and two jet skis.Construction was supervised by independent surveyors at Sunreef's Gdansk facility. The catamaran enters the brokerage market immediately following delivery, offering availability without construction wait times. Northrop & Johnson will coordinate viewings and sea trials for prospective buyers.Sunreef Yachts was founded by Francis Lapp in 2002 in Gdansk, Poland. Since then, the shipyard has been designing and manufacturing luxury sailing and power multihulls. Credits: Sunreef Yachts
August 28, 2025
Italian yacht builder Lomac Milano has named fashion designer Alessandro Martorana as Creative Director of its Lomac Atelier division. The appointment coincides with the world premiere of the GranTurismo 12.5 AMare limited edition model at the 2025 Cannes Yachting Festival.Martorana's collaboration with Lomac represents the first product from the newly established Lomac Atelier, a service dedicated to fully customized yacht configurations. The GranTurismo 12.5 AMare features customized colors, bespoke upholstery, sartorial stitching, and matching engine livery. The design emphasizes individualized styling while maintaining the performance characteristics of the base model.The limited edition model is powered by twin Yamaha XTO 450hp outboard engines, maintaining the standard powertrain configuration of the production version. Lomac will display two additional models at Cannes: the GranTurismo 12.0 with triple 300hp Mercury engines and the flagship GranTurismo 14.0 X with triple Yamaha 450hp engines capable of 60-knot speeds.Alessandro Martorana stated: "The boat is the new 'must' for the elegant man. Together with Lomac, we aim to create unique pieces that reflect the personality of their owners, just like a bespoke suit."The Lomac Atelier service launched earlier this year at the Düsseldorf boat show, focusing on complete customization of the company's GranTurismo maxi-RIB series. The Cannes presentation marks the first physical realization of the program, with the AMare edition serving as demonstrator of the customization options available.Lomac's participation in the Cannes Yachting Festival includes three models from its production range, with the Martorana-designed limited edition representing the company's emphasis on personalized yacht design. Lomac was founded in the early 1960s in Milan. Today it is led by Paolo and Fabrizio Lo Manto, the third generation of the family, and offers a production that includes seven different series for 58 models, the result of the union of the highest technologies with careful craftsmanship. Lomac also produces and markets a wide range of original accessories to better customize your boat, and maintenance products created specifically for its models.Credits: Lomac
August 28, 2025