Superyacht Tiger Shark completed in China

Tiger SharkThe Chinese-made aluminum alloy yacht Tiger Shark leaves on her maiden voyage from Qingdao Olympic Sailing Center on Saturday. It is Asia’s longest aluminum yacht.

The 734-ton yacht is 50 meters long, 10 meters wide and 16 meters high. It can sail continuously for 6,000 nautical miles, and is capable of sailing around the world.

Tiger Shark models exquisite luxury, including a bar, a tea room, VIP room, audio-visual entertainment bar and so on.The ship cost nearly 200 million yuan.

Industry experts estimated the Chinese yacht-making industry will grow 20 percent this year.




Greece orders 142 vessels from China

GreeceGreek shipowners have recently signed contracts to buy 142 new ships from Chinese shipbuilding companies. The orders, which were signed in April, accounted for more than 60 percent of the recent global orders of Greek shipowners, said the Greek Shipping Minister Kostis Moussouroulis.

The shipping industry, including shipbuilding, is one of the most important sectors for economic and trade cooperation between the two countries.

In the next decade, China will remain an important global exporter and become an increasingly important importer, according to the minister.

Wang Qi, general manager of Shanghai Waigaoqiao Shipbuilding Co.,Ltd, said Greece has become an important client of China’s shipbuilding enterprises.

As one of China’s major shipbuilding companies, Shanghai Waigaoqiao Shipbuilding Co.,Ltd has built a total of 67 ships for Greek shipowners in recent years, accounting for about 30 percent of the company’s output, Wang said.

Greek Prime Minister Antonis Samaras is on an official visit to China since Wednesday to Sunday. Leaders of the two countries have vowed to boost cooperation.

Size Matters in the Battle of the Mega Yachts

Azzam mega yachts

Mansions, fancy cars, and private jets have always been must have status symbols for the super rich. Now you can add mega yachts to that list. And for their elite owners, bigger is always better.

Bigger–as in 590 feet or nearly the size of two football fields. That’s the length of the world’s largest private yacht, the Azzam. Built by the German shipbuilding company, Lurssen, the Azzam will be one of the fastest boats on the planet when it officially launches this fall. Its owner isn’t known, but it will reportedly be delivered to a member of the United Arab Emirate’s royal family when it’s completed. Insiders have estimated that the ship cost at least half a billion dollars to build, and that’s just for the structure.

By the time the very last doorknob is in place, Azzam’s price tag could climb to $1 billion dollars.

Merjin de Waard, editor of, says the reasons why the super-rich need a ship that large are for “privacy, more guest accommodation” and of course, “status.”

According to de Waard, the demand for larger yachts (we’re talking 100 feet and above) has declined over the past five years. But, the market for super-yachts – 500 feet or more – has actually continued to grow. Four out of the five world’s largest yachts have been delivered in the past five years.

So why the sudden surge for such a top dollar luxury? de Waard says that Middle Eastern and Russian owners are trading up. “I think it is also a “normal” progression like your next house is probably going to be bigger than your previous house.”

Along with the established markets in the U.S., Russia, and the Middle East, the super-rich in South America and Asia are slowly buying into the trend.

“We have been in a financial crisis for the past five years now and there are still people with a lot of money who want to enjoy yachting and don’t want to wait any longer with buying a new yacht.”

And, despite a shaky world economy, there’s no sign that the battle of the super-yachts will slow down any time soon. de Waard says there are at least 15 yachts almost 330 feet long under construction. Price tag starts at $200,000,000.