Sorry Roman. You've been eclipsed. A new yacht launched Friday by Lürssen, the German luxury boatbuilder, is now the largest motor yacht in the world. It's name is Azzam, and at 590 feet long, it has officially bumped Roman Abramovich's yacht – the 536-foot Eclipse – from its number one ranking.
Lürssen won't comment on the ownership. But industry sources say the owner is likely the royal family of Abu Dhabi.
Lürssen will say that the boat was "without the a doubt the most challenging yacht that has ever been built." Aside from its sheer size, Azzam had to be super-fast and able to ply shallow waters "while providing luxurious and sophisticated accommodation to its guests."
For speed, the boat is powered by jets rather than propellers. It's got 94,000 horsepower under the hood. And it hit a top speed of 30 knots, which is about 30 percent faster than most mega-yachts. "It's like a 590-foot jet ski," said one executive involved in the project.
Read more: nbcnews.com