Fascinating Yachting Facts
The Monaco Yacht Show and Beyond
The world of yachting has long been one associated with immense luxury, glamour and extravagance. The multi-billion dollar industry brings together the world’s most respected shipyards, outstanding elite yacht designers, luxury suppliers, powerful brokerage houses and influential buyers to create a smorgasbord of talent, wealth and power.
Discover the history of, and most interesting facts about, the yachting world:
A Short History of Yachting
A yacht is a specific kind of boat that is used for both sport and recreation, powered by sail or motor. The term originates from the Dutch word jach (translating as ‘hunt’), and originally referenced light, fast sailing vessels that the Dutch Republic navy used to pursue pirates and criminals. Made of wood until the 1950s, they are now built using various materials, including aluminium, steel, veneers and plywood.
More recently, yachting has become associated with immense wealth and luxury as many of the world’s most powerful and influential individuals invest in extravagant yachts exclusively for pleasure.
The size of yachts varies widely, and different sized models have different classifications. While the typical yacht will be between 40 and 100 feet, a mega yacht measures somewhere between 100 and 200 feet, and a super yacht over 200 feet.
The biggest luxury yacht
to date is the German-built motor boat Azzam which measures in at close to 600 feet. It is closely followed by the 540 foot Fulk al Salamah and Roman Abramovich´s Eclipse.
The world’s largest superyacht
The Azzam, the world’s largest superyacht, is owned by Khalifa bin Zayed al-Nayan, the President of the UAE. Yachting is especially popular in the Middle East, with one-third of the 200 largest yachts in the world owned by Middle Easterners.
The super yacht ‘Octopus’
Microsoft co-founder Paul Allen, owns the super yacht ‘Octopus’. The boat is so large, it is home to two submarines which are regularly loaned out for the Discovery Science Channel’s documentaries.
The perfect business meeting location
Many yachts include vast conference rooms in order to bring clients on board to discuss business.
Maintenance & Upkeep
Yachts owners typically spend around 10% of the purchasing price per year on maintenance and upkeep. A full crew, fuel, repairs, and other costs all contribute to the price and are a large reason why many choose to simply charter luxury yachts.
The Monaco Yacht Show is an iconic event that brings together superyacht builders, award winning yacht designers, suppliers, brokerage houses and yachting enthusiasts for the worldwide debut of the latest and greatest yachts and an exhibition of extraordinary superyachts.
Set in the iconic Port Hercules in the principality of Monaco, over 580 exhibiting companies and partners participate over four days of exhibition and luxury events.
This year, the show will take place from 25-28 September. Present at the show, NetJets are proud to be hosting a Champagne reception and lunch for their Owners aboard the spectacular super yacht Solo. This will be a great opportunity for Owners to escape the show’s crowds and relax for an hour or two.
The event will take place on Wednesday 25 September in partnership with Northrop & Johnson, the world’s leading, full-service superyacht brokerage and marketing agency with offices spanning the entire globe.
For further detail, please contact your Owner Services Team.