Russian, Middle Eastern Buyers Demand Larger Yachts, FT Reports

Luxury European-made motoryachts are getting longer, driven by demand from Middle Eastern and Russian buyers, the Financial Times reported, citing superyachts.com, a website for buying yachts.

Eleven new vessels will enter the website’s top 100 ranking by length this year, compared with nine a year earlier, the newspaper reported.

The largest new entry is Topaz, a 147-meter (482 feet) yacht built by Bremen-Vegesack, Germany-based Luerssen Yachts, the FT said. Topaz will be as big as the fourth-biggest vessel so far, the newspaper said.

To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

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