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."
Italian marine manufacturers Castoldi and Nauta have developed the Jet Tender 34 Limo, marking Castoldi's first entry into the limousine tender segment. The 10.4-meter vessel will serve as ship-to-shore transportation for a new boutique cruise ship fleet under construction in Italy, with four limousine tenders and two support vessels ordered per vessel.Giacomo Castoldi, CEO of Castoldi, stated: "This project represents a new chapter for Castoldi that expands our offerings to new markets, while maintaining the commitment to innovation, quality, and luxury we are known for." The collaboration utilizes Castoldi's waterjet propulsion technology and semi-serial production capabilities combined with Nauta's design approach.Nauta Director Guido Valtorta noted: "Typically, limousine tenders are custom-made for large yachts, but this project allowed us to merge bespoke luxury with the efficiency of semi-serial production." The design incorporates multiple boarding points, configurable seating arrangements, and ceiling lighting systems aimed at creating spacious interior environments.Technical features include Castoldi's ACES electronic control system and waterjet propulsion designed for commercial vessel applications. The tender achieves cabin cooling within 15 minutes and incorporates noise-reduction systems within rub rails. The platform allows for Open Limo and Support Vessel configurations through modular design principles.The first unit is scheduled for delivery in late 2025, with project presentation planned for the Monaco Yacht Show. The tender measures 10.4 meters in length with limousine-style enclosed cabin accommodation. Production follows semi-serial methods rather than custom one-off construction, representing a new operational approach for Castoldi in this vessel category.The partnership combines Castoldi's marine engineering capabilities with Nauta's yacht design experience, targeting the growing market for luxury tender operations in cruise ship and superyacht sectors. The design emphasizes functional elements including pantry facilities and toilet accommodations within the compact hull form.Credits: Nauta
September 4, 2025
Extra Yachts has launched the X145 Global, a 44-meter explorer yacht designed for long-distance cruising. The steel-hulled vessel features an aluminum superstructure designed by Agon Studio, with interior spaces by Hot Lab.The yacht offers 4,000 nautical mile range with five deck levels and 9.1-meter beam while maintaining under 500 GT volume. The layout places all five guest cabins on the main deck utilizing maximum beam width, with an owner's private terrace on the bridge deck. Crew accommodations include four double cabins with ensuite bathrooms on the lower deck.Technical specifications include dual-mode hull design balancing performance and fuel efficiency. Storage capacity includes an 8.5-meter tender, rescue boat, two jet skis, and additional water toys in the aft garage. The beach club area provides 80 square meters of space with fold-down platforms and day facilities.Interior design incorporates large glazed surfaces, oriental-inspired details, and open-plan layouts emphasizing spatial perception. The upper deck features 360-degree viewing lounge with separated dining and seating areas connected by a central staircase.The X145 Global represents Extra Yachts' expansion into the explorer yacht segment, combining extended range capabilities with contemporary interior aesthetics. The design prioritizes crew operational areas with dedicated mess and laundry facilities alongside professional galley space.The yacht's configuration focuses on long-term autonomous operation with reduced fuel consumption parameters compared to traditional motor yachts of similar dimensions. The explorer market continues to show growth as owners seek vessels capable of extended itineraries with self-sufficient capabilities. Extra Yachts continues production at its Italian facilities, with the X145 Global positioning the brand in the 40-45 meter explorer segment. The company's product range includes both fiberglass and metal-hulled yachts with varying mission profiles from coastal cruising to global expedition capabilities.Extra Yachts specializes in the development of yachts with a strong personality. Its distinctive lines are combined in a variety of motor yacht models ranging from 76' to 130' and a 30-meter motor catamaran. Developed thanks to the advanced technical experience of ISA Yachts, Extra offers customers all the advantages of being part of the Palumbo Superyachts network.Credits: Extra Yachts
September 4, 2025
Cantieri di Pisa will participate in the Cannes Yachting Festival from September 9-14, 2025, marking its second appearance under current ownership. The company will display scale models of its Polaris, Saturno, and Akhir yacht lines at a Vieux Port exhibition space with private terrace.Cantieri di Pisa Custom 40mSince 2021 leadership under CEO Marco Massabò, the shipyard has expanded facilities and developed three new yacht ranges. The current product portfolio includes:Polaris voyager yachts from 38 to 60 metersSaturno models from 38 to 90 meters featuring updated traditional design elementsAkhir fast motor yachts reflecting the brand's historical design languageAll designs were developed under chief designer Antonio Luxardo in collaboration with m2atelier, Parisotto + Formenton, and Pulina Design Interiors.Akir 44The shipyard has commenced construction on a 40-meter custom steel-aluminum superyacht with under 500 GT volume. The design by Antonio Luxardo and engineering by Studio Sa.Ma.Re Design accommodates six guest cabins and eight crew members. The vessel targets worldwide cruising and charter operations.Akir 44The refit division reports five-fold revenue increase in 2024 compared to previous year, handling over 30 yacht refits totaling more than 1,500 meters in length during 2025. Facilities now cover 24,000 square meters with 300-ton travel lift and 670-ton waterlift capabilities. Staff includes 20 direct employees with plans to add approximately 12 additional professionals.Further infrastructure upgrades are planned, including crew accommodations and renovation of a 200-meter-long industrial shed covering 3,400 square meters. The shipyard maintains a supply chain network of 200-300 specialized contractors.Cantieri di Pisa Custom 40mCantieri di Pisa continues production at its historic facility while expanding both new construction and refit operations. The Cannes exhibition demonstrates the company's renewed market presence following ownership changes and facility investments completed since 2021.Cantieri di Pisa shipyard was founded in 1945 on the river Arno, the Tuscan shipyard became famous for its planing motoryachts, such as the Akhir and Kitalpha series designed by Pierluigi Spadolini. Since 2021 Enrico Gennasio is the new owner of Cantieri di Pisa.Credits: Cantieri di Pisa
September 4, 2025
Arcadia Yachts has launched the first unit of its A80new model from its Sorrento shipyard, with a third hull sold for delivery in 2026. The 23.98-meter yacht will make its official debut at the Cannes Yachting Festival 2025.The design addresses Mediterranean cruising regulations including Posidonia Oceanica protection measures. The widebody configuration provides interior volumes comparable to larger yachts while maintaining under-24-meter classification. The layout includes a main deck master suite with direct sea access and four lower deck guest cabins. Crew accommodations consist of two double cabins with separate bathrooms.Technical features include solar panel systems and optimized energy management components. A stern garage accommodates tenders up to 3.95 meters or water toys. The design emphasizes compliance with environmental regulations while maintaining cruising capabilities in protected marine areas.Arcadia Yachts CEO Ugo Pellegrino stated: "A80new confirms the evolution of our products, a process that began two years ago with A96new. We want to continue to play a leading role in the development of yachting that respects nature, including underwater nature."The sale of the third hull to existing Arcadia owners demonstrates continued market demand for the yard's approach to midsize yacht construction. The model will compete in the under-24-meter segment against offerings from other Mediterranean shipyards.The Cannes Yachting Festival presentation will mark the first public showing of the A80new, following the company's pattern of introducing new models at major European boat shows. Arcadia Yachts continues production at its Naples-area facility, maintaining its focus on solar-assisted yacht systems and compliance with evolving environmental regulations.Arcadia Yachts is based in Naples, Italy. Since 2008, Arcadia Yachts has been building semi-custom luxury composite yachts and has succeeded in perfectly integrating artisanal craftsmanship, modern technologies, attention to detail and to the surrounding environment. The Arcadia Yachts fleet has included two ranges since September 2016. The shipyard’s first and most characterizing range is the A range, which includes four models (A85, A85s, A105 and A115). The Sherpa range has a new model, the 24m Sherpa XL, which was launched at the 2019 Cannes Yachting Festival. The new model, A96, debuted at 2023 Cannes Yachting Festival.Credits: Arcadia Yachts
September 3, 2025
The Azimut|Benetti Group forecasts €1.5 billion in revenue for the 2024/2025 nautical season, representing a 15% increase over previous results. The company's current order backlog totals €2.5 billion with production scheduled through 2029.Three strategic priorities guide the Group's operations: €115 million in infrastructure investments, expansion of product categories targeting both experienced and new-generation owners, and penetration of emerging markets. The company maintains geographically diversified orders with 38% from Europe, 31% from the Americas, and 31% from EMEA-APAC regions.Infrastructure developments include upgrades to the Avigliana production facility for yachts up to 28 meters, a Light Steel Hub for vessels under 45 meters, and a Composite Hub in Tuscany specializing in fiberglass and carbon fiber processing for megayachts. The Lusben refit division continues to expand its specialized service capabilities.Product innovation focuses on two primary segments: Azimut's Seadeck series emphasizing reduced environmental impact and the Grande series between 26-40 meters, alongside Benetti's Oasis and B.Yond families emphasizing connection with marine environments. The Group plans September introductions of new voyager-class yachts from Azimut and a new category combining motor yacht comfort with sailing inspirations from Benetti.Market expansion continues with new showrooms in Monaco adjacent to the Monaco Yacht Club and Fort Lauderdale's Pier Sixty-Six development. The Middle East represents the fastest-growing market, increasing from 23% to 31% of order portfolio, with Saudi Arabia generating over €300 million in sales during the past 24 months. New offices will open in Jeddah (Azimut) and Riyadh (Benetti).The Asia-Pacific region maintains established representation through direct offices and dealer networks across Japan, China, Australia, and Southeast Asian markets. Despite new import tariffs, the Americas remain a crucial market where the Group maintains leadership positions in multiple yacht categories.The Group's production infrastructure and order portfolio demonstrate continued resilience amid market fluctuations, with strategic investments targeting both operational efficiency and market expansion through fiscal year 2025/2026.Credits: Azimut|Benetti Group
September 3, 2025