Some of the largest, most opulent yachts in the world belong to Arab royalty
and businessmen. Only one, Phocea, the largest privately owned sailing yacht
in the world, owned by a woman, is available for charter.
Arab royalty and oil sheiks, like most Western elite with a taste for a
lavish lifestyle, are fond of adding a megayacht or two as part of their big
ticket possessions since they constitute the ultimate status symbol.
A mega or super yacht is defined as a private luxury cruising vessel that is
at least 85 feet in length. Some currently being built are surpassing 450ft!
At one time a 75ft boat was considered large. Now even 150ft is seen as
modest. The cost can run in the tens of millions of dollars, and annual
running expenses can add an average of 10-12% of the yacht's value.
(September 21, 2005, Monaco) - Carmen Gonzalez and Robyn Forma with Lady
Maura duri... (more)
Although the yacht charter business in Greece always swells in the summer
season, this year's business will be remarkably busy due to the Olympic Games
being hosted in Athens from August 13-29, followed a month later by the
Paralympics. A higher than usual demand for charters is already being made by
those who want to make a yacht their base for one or both of these events -
especially in a yachtsman's paradise.
Despite the fact that the Games begin in less than four months, there are
infrastructure projects still in progress, including new marinas. It is
common in Greece to de... (more)