James Roumeliotis

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Top Stories by James Roumeliotis

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)

Booking a Yacht for the Olympics

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)