A new contender for the world's largest yacht

emocean_yacht.top.jpgBy Ben Rooney, staff reporter


NEW YORK (CNNMoney.com) -- The mega yacht business has been slow since the economy soured, but at least one luxury shipbuilder appears to be betting on a rebound.

Luxury blog site James List outed Belgium-based Emocean Yacht Design's plans for an extravagant new mega yacht, tentatively called Project 1000, that -- if built -- would be the world's largest vessel of its type.

At a whopping 656 feet (nearly the length of two football fields), the ship would be 99 feet longer than the Eclipse, which became the largest private yacht on the water when Russian billionaire Roman Abramovich launched it last year. It would also cost in the range of $500 million to $900 million.

In addition to being massive, the futuristic design is replete with features that would impress even the most finicky mega yachtsman, including a 100-foot swimming pool and a health spa.

The plans call for a drive-in garage, two 98-foot day boats and a helipad with a hanger, so well-heeled skippers will be able to bring their other toys onboard.

The yacht, which would have a range of 6,500 nautical miles, comes standard with plenty of entertainment options to help pass the time on long voyages. There's a nightclub, a casino and a dual-level cinema for film buffs who want a more authentic movie-going experience.

The floating folly would have rooms for 45 guests, including 10 VIP rooms, 22 guest suites and the owners' deck. It would also have space to accommodate 70 crew members.

And with a maximum speed of 28 knots and a cruise speed 20 knots, the ship would be surprisingly fast for its size.

However, the project is still very much in the planning phase and with the global economy still struggling it's not likely to be launched anytime soon.

Emocean said it would take at least four years to complete the design and build the yacht if someone ordered it today. The firm acknowledged that the economic climate is not ideal for such an ambitious plan, but added that some mega yacht owners may be looking to upgrade soon as conditions improve.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,113.54 61.81 0.36%
Nasdaq 4,456.02 31.32 0.71%
S&P 500 1,983.53 9.90 0.50%
Treasuries 2.47 -0.01 -0.32%
Data as of 4:23pm ET
Company Price Change % Change
Bank of America Corp... 15.52 0.00 0.00%
Apple Inc 94.72 0.78 0.83%
Intel Corp 34.79 0.73 2.14%
Microsoft Corp 44.83 -0.00 -0.01%
Facebook Inc 69.27 -0.13 -0.19%
Data as of 4:03pm ET

Sections

Jamison Door Company has been trying to expand for two years, but they say the nation's outdated, complicated immigration rules keep getting in their way. More

One recently retired airline worker on Obamacare said his tax credit for 2014 will return him $3,600 for the year, or 23% of his annual income. He's watching the dueling court rulings closely. More

The United States Patent and Trademark Office has granted Apple a patent for a smartwatch. It resembles others already on the market but there are some features that could set an iWatch apart. More

Court documents show big support from Detroit employees and retirees for a turnaround plan that should help the city emerge quickly from bankruptcy. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.