Earlier this year it was revealed that Norwegian billionaire, Kjell Inge Røkke would build the world's largest yacht in the world. With a length of 181.6 meters, his Research Expedition Vessel (REV) is set to beat out the current record holder, the 180 meter Azzam, by 1.6 meters.
Designed by industry superstar, Espen Oeino, the REV will be built by Vard and boast accommodation for up to 36 guests. Following her delivery in 2020, the superyacht will be made available for charter, her main purpose will however be to act as a platform for research and expeditions according to her owner.
"The REV will be a platform for gathering knowledge" her future owner, Kjell Inge Røkke explained. "I would like to welcome researchers, environmental groups, and other institutions on board, to acquire new skills to evolve innovative solutions, to address challenges and opportunities connected to the sea."
Valued at $2,9 billion by Forbes, Røkke is currently the fourth richest man in Norway and 693rd in the world. Having started out as an 18 year-old fisherman with no higher education, Røkke made his fortune in the fishing space, purchasing his first trawler in the 1980s and eventually building up a large fleet. Earlier this year Røkke said he planned to give most of his fortune away.
The REV, set to be operated in tandem with WWF is one of the key focuses of his plan to help the environment. Set to be delivered by Vard in 2020, the yacht will be able to deploy mini-submarines, drones and actual submarines, transport up to 60 researches, gather data up to a depth of 6,000 meters and remove up to 5 tons of plastic per day.
Røkke further explained to the media that his first large factory trawler was built by Vard 30 years ago and that he had maintained a great working relationship with them since then, which is why the Norway-based shipyard obtained the contract to build the REV.
Amongst key features on the REV will be equipment for monitoring and surveying marine areas, modern laboratories, an auditorium, two helipads, a hangar for a remote operated vehicle and an autonomous underwater vehicle as a multifunctional cargo deck aft of the ship.
"There may not be any economic rationale for the private construction of such a ship, but the case is compelling from the ocean's point of view" Røkke explained. "I look forward to working with scientists and positive, knowledgeable, solution-orientated people both in Norway and internationally."
When not in use for research, the Research Expedition Vessel will however also engage in 'traditional' charter activity, being rented out to ultra high net worth individuals on a weekly basis. Under this configuration, the megayacht would carry up to 36 guests and a crew of 54.
"The vessel will be built to the highest standard making it suitable for charter to private individuals, companies, and institutions, which will generate research funding, and my family and I will also charter and use the ship as a place for recreation and inspiration" detailed Røkke.
Operated by the World Wide Fund's (WWF) Norwegian branch and its CEO, Nina Jensen, the non-profit will benefit from complete autonomy in managing the yacht with regards to her billionaire owner according to one of his statements. Røkke plans to give away most of his fortune to clean up the oceans.
With a length of 181.6-meters, the REV beats out the 180-meter Azzam for the title of the world's largest yacht by 1.6 meters. Built for the Emir of Dubai by Lurssen in 2013, Azzam is world famous for being the current record holder. Designed by Christophe Leoni and Nauta Yachts, Azzam can reach a top speed of 30 knots powered by engines giving her a total of 94,000 hp.
Prior to Azzam, the title was, for a long time, held by the 162.5-meter Eclipse. Built by Blohm+Voss in 2010 for Russian billionaire and Chelsea FC owner, Roman Abramovich, she features two helipads and a special set of lime-colored lifeboats to qualify to transport a larger number of guests.
Whilst the REV's 2020 delivery date positions her to becoming the world's longest yacht, it is currently unlikely that she will become the world's largest yacht by interior volume due to her open space of the yacht. This record is currently held by Russian billionaire, Alisher Usmanov and his 156-meter Dilbar, delivered by Lurssen in 2016.
The REV is part of a recent explosive growth in Norway's super yacht sector, with several of the world's largest yachts in build in the Scandinavian country. One of these is the 116-meter explorer, Ulysses, which will become the second explorer yacht the shipyard will have delivered to New Zealand's richest man, Graeme Hart in the past 3 years.
Just a few days ago, the shipyard signed a contract to build yet another 100m explorer in partnership with Lurssen. This follows several other commercial shipyards in Norway venturing into the super yacht space and Norway increasing its popularity as a destination for super yachts itself.
Previously most famous for importing his version of American capitalism to Norway, Røkke is already not a stranger to the super yacht world as one might expect. The first yacht that the press linked to Roekke has been the 66-meter sailing yacht, Aglaia delivered by Dutch-based Vitters in 2012.
Designed by Dubois and built out of aluminum, the 66-meter can have its mainsail up in less than two minutes according to the shipyard. She also carries the largest artwork ever made on canvas, a fully customized sail made by Norwegian artist Magne Furuholmen. Now renamed Ahimsa, she was sold at the end of 2014.
Roekke was also reportedly the original owner of the 70-meter Reverie. The largest yacht by gross tonnage ever built by Italian shipyard, Benetti at the time of her build, Reverie was delivered to a design by John Munford in 2000.
With an interior volume of 1,975 GT, Reverie, now known as Freedom following her recent change in ownership in 2013 at an asking price of $49,5 million, she stretches over seven decks.
Røkke's latest yacht is believed to be the 85.9-meter sailing yacht Aquijo. Delivered in 2016 as a joint partnership between Vitters, the builders of the first yacht linked to Røkke and Oceanco, a renowned builder of yachts mainly over 80 meters.
Vitters developed a custom steering system for Aquijo. It works by translating the hydrodynamic forces on the rudder blades directly to the steering wheels on the flybridge, thus providing the helmsman with immediate feedback and a feeling for how the yacht is moving through the water.
The yacht comprises 4 decks and is able to accommodate up to 12 guests. Spaces, particularly where alfresco areas abut interior ones, were configured to flow from one to the other without restrictions.
Aquijo is not only the largest ketch in the world but also among the 10 largest sailing superyachts completed to date. Built under the project name P85, the German studio Dölker + Voges was responsible for her interior design, whilst Tripp Design Naval Architecture styled her exterior.
Often hailed by media as the self-made man who changed the way business was done in Norway, Roekke is also known in the business world as a billionaire with an explosive temper and a taste for the supersized according to Reuters. Currently valued at $2,9 billion by Forbes, Roekke's fortune initially came from fishing, since then the 55-year-old has however expanded his empire.
Leaving high school as a dyslexic teenager with no education, he moved to Seattle to become a fisherman in Seattle. Saving up and eventually investing in a number of old boats, transforming them into trawlers and building up his fortune in the process. Roekke then chose to return to Norway in the 1990s, seeing new opportunities in his home country.
Shortly after his return to Norway, Roekke acquired 40% of 173-year-old conglomerate, Aker in 1996 and merged it with his Resources Group International before acquiring Kvaerner in 2000.
"He was the first one to bring American-style, aggressive capitalism to Norway, daring to use shareholder power to get what he wanted." detailed one of his biographers. "This was quite unheard of in Norway at the time."
When many had thought that Roekke would act as a corporate raider, chopping off the company piece by piece for cash, he took a different approach. "He has shown he thinks about the long-term when he makes investments and buys firms." commented Det Norske former executive, Erik Haugane.
In 2014, Roekke's Det Norske paid $2,1 billion in cash to acquire Marathon Oil's Norwegian business, creating the second largest oil producer in the country behind Statoil. Since his Aker holding has also divested from his original fishing business.
"My wife is totally right when she says I suffer from an incurable disease: gigantomania. She has tried to cure me but given up." he wrote in a 2011 letter to shareholders. "We had agreed to build a sailboat of 66. She meant 66 feet; naturally, I was thinking in meters. It ended up at 66 meters."
The 60 Sunreef Power Eco electric catamaran has been named Catamaran of the Year 2025 in the Multipower category. The award was presented on April 23 during the International Multihull Show in La Grande Mothe, France. The prestigious accolade is granted by Multihulls World magazine to recognize the most innovative and outstanding catamarans in the industry.The 18m catamaran features an advanced solar energy system with photovoltaic panels integrated into the hulls, bimini roof, and superstructure. Powered by two electric motors, the vessel benefits from a continuous supply of clean energy, delivering a smooth and environmentally friendly sailing experience.A key feature of the 60 Sunreef Power Eco is its special ultralight battery, which enables silent and vibration-free operation. The catamaran is designed for comprehensive 360° sustainable sailing, incorporating an energy-efficient air conditioning system and eco-friendly materials in its finishes. 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
April 25, 2025
Viken Group has introduced its latest innovation in the luxury cruise yacht sector – the 196-meter REI. Developed as a collaborative effort between the three brands of the Viken Group – TDoS (Tillberg Design of Sweden), Hot Lab, and Thalia Marine – the project aims to set new standards in sustainable and exclusive cruise experiences.The REI project solidifies Viken Group’s position as a pioneer in the luxury cruise yacht segment. The vessel, designed to accommodate up to 112 guests and 125 crew members across its 10 decks, features a beam of 28 meters and offers a unique blend of adventure, sustainability, and exclusivity.“We are thrilled to introduce REI. The 196-meter project is the perfect illustration of the combined offerings of the Viken Group, where we manage exterior styling, engineering, master planning, and interior under one umbrella,” said Fredrik Johansson, Co-Founder of the Viken Group and Executive Director of TDoS. “This approach helps our clients streamline the process dramatically, control investments, and optimize outcomes for both guests and operators.”The yacht’s design features a streamlined exterior inspired by nature, combining technical, industrial, and automotive aesthetics with dynamic curves. In contrast, the contemporary interior offers a tranquil environment with adjustable lighting and tactile materials, providing a rare digital detox experience for guests.REI’s design focuses on balancing private and public spaces, featuring numerous dedicated areas for exclusive use. Notable amenities include duplex suites with private winter gardens and pools, massage areas, double-height windows showcasing panoramic views, and a stunning forward infinity pool.Sustainability is a key aspect of the design, with multiple propulsion options including electric, hydrogen, solar, and wind power. The vessel also includes a secondary 27-meter expedition vessel for easy embarkation and disembarkation, powered by electric or solar energy.The onboard experience is designed to be ever-evolving, with entertainment, activities, and menus adapting to the time of year and location. The exploratory dining concept, themed ‘from sea, to land, to sky,’ offers a diverse culinary journey.“The market for cruise yachts is currently looking very promising,” said Antonio Romano, Commercial and Marketing Director at Viken Group. “Thanks to our three brands – TDoS, Hot Lab, and Thalia Marine – Viken Group can harness our unique expertise across superyachts, cruise ships, and refits, meaning we are perfectly positioned to make our mark.”The REI project represents a significant advancement in the luxury cruise yacht sector, combining innovative design, sustainability, and an unparalleled guest experience.Credits: Viken Group
April 24, 2025
Heesen Yachts has announced the passing of its founder, Frans Heesen, on April 23, 2025, in his hometown of Oss. He is survived by his wife Petra, children, and grandchildren.Frans Heesen’s leadership and talent for identifying and nurturing potential were fundamental to the success and growth of Heesen Yachts. Known for his visionary approach and Dutch courage, Heesen took bold steps that shaped the future of the shipyard.One of his most notable achievements was the decision to build the groundbreaking yacht Octopussy, despite significant risks. This project not only succeeded but also brought global recognition to Heesen Yachts.Throughout his career, Frans dedicated himself to creating a family-like atmosphere at the shipyard. Even after the company was sold, the family environment he established remained strong. The values he instilled continue to define the company’s culture today.Heesen Yachts expressed its deepest condolences to Frans’ family and friends, noting that while his presence will be deeply missed, his spirit and vision will continue to guide the company.Frans Heesen’s contributions have left a lasting impact on the yachting industry and on everyone who had the opportunity to work with him. He will be remembered for his pioneering spirit and dedication to excellence.Credits: Heesen Yachts
April 24, 2025
Northrop & Johnson has listed the brand-new Absolute 56 Flybridge for sale at EUR2,033,250, with yacht brokers Jeffrey Chan and Martin Holmes representing the vessel. The Italian-built motor yacht combines performance with contemporary design, featuring Volvo Penta IPS engines for efficient cruising and joystick docking.The 56 Flybridge offers a full-beam master suite positioned forward for panoramic views, along with three guest cabins and a separate crew cabin. The aft galley connects the cockpit and saloon, enhancing indoor-outdoor flow, while floor-to-ceiling windows provide natural light. High-end finishes include polished cabinetry and sleek countertops.On deck, the yacht maximizes space with an expansive flybridge featuring a U-shaped dining area, wet bar, and lounging zones. An optional hardtop includes solar panels for energy efficiency. The foredeck includes a lounge with sunpads and a convertible teak table, while the hydraulic swim platform at the stern functions as a beach club with retractable stairs for water access.Designed for comfort and reliability, the Absolute 56 Flybridge is available for immediate delivery. Buyers seeking a turnkey, high-performance motor yacht can view the listing through Northrop & Johnson.Credits: Northrop & Johnson
April 24, 2025
The inaugural World Yachting Summit in Monaco convened over 200 participants from 20 countries, including industry leaders, regulators, and innovators, to address critical challenges facing the sector. Modeled after global forums like COP and Davos, the three-day event featured 19 panel sessions and 8 keynote talks focused on sustainability, modernization, and generational engagement.Keynote speaker Jean-Claude Biver, former CEO of Blancpain and Hublot, emphasized innovation through his "first, unique, different" philosophy, while Azimut Benetti's Giovanna Vitelli led discussions on practical sustainability measures. A SMART framework emerged from debates:Sustainable: Industry must transition from compliance to climate leadership, per DNV's Barbara Sanches and Energy Observer's Victorien Erussard.Modern: Calls for transparency in listings and standardized regulations for emerging destinations.Attractive: Shift needed from ostentation to purpose-driven experiences for younger demographics.Resourceful: Unified advocacy and economic impact storytelling urged, mirroring aviation sector models.Transformative: Early marine education and human-centric design identified as priorities.Albert Manzone of Société des Bains de Mer highlighted Monaco's stability as a blueprint for resilience. Closing sessions noted geopolitical and labor challenges, with cautious optimism about adapting to sustainability demands and experience-focused ownership models.The Summit was co-organized by M3 and OMNIYAT. M3 CEO José Marco Casellini stated: "WYS 2025 leaves a lasting impression... establishing itself as a driving force for innovation and strategic thinking about the future of yachting."A second edition is planned for 2026 to continue progress on these initiatives.Credits: World Yachting Summit
April 24, 2025