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Project Jag: latest photos of 122m Lurssen mega yacht as she hits the water for her technical launch

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By Nina Done   22 June 2021

Rumoured to be the new replacement for 95m/312ft luxury yacht KISMET , which is currently for sale, the motor yacht code-named PROJECT JAG has been shrouded in secrecy throughout her build, but we are pleased to offer these latest images after her technical launch into the water earlier today.

Marking the latest collaboration between Lürssen and Nuvolari Lenard, this phenomenal 122-metre motor yacht, showcasing a sleek and dynamic appearance, boasts all the hallmarks of her predecessor, including an extended bow sprite, which we believe will include the owner's trademark jaguar.

Stand-out features

Capable of accommodating up to 20 guests in 11 suites, as well as a crew of 40, her stand-out features are expected to include a certified helipad, extensive wellness centre, indoor theatre and alfresco cinema set-up, fully-equipped gymnasium and host of the latest water sport toys from seabobs to a submarine. 

Helmed by Venice-based design team Nuvolari Lenard, with her interiors penned by the illustrious Reymond Langton, she is expected to be delivered to her owner in 2023

PROJECT JAG is one of 7 yachts currently under construction with Lürssen, one of 4 over 100 meters. Helmed by Venice-based design team Nuvolari Lenard, with her interiors penned by the illustrious Reymond Langton, she is expected to be delivered to her owner in 2023.

Will PROJECT JAG be available to charter?

It is not expected that PROJECT JAG will be available for charter upon delivery.

To discover Lürssen vessels that are currently for rental, take a look at the range of  Lürssen yachts available to charter .

Photo credits: Steffen Mayer 

Featured Lürssen yachts available for charter

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4 Mega Lürssen Superyachts Set To Launch In 2023

These four mega projects underway at the highly acclaimed German shipyard Lürssen are proof that the trend of building large superyachts, built for adventure, isn’t going anywhere. Owners are still opting for explorer-worthy exteriors while maintaining a classic and luxurious superyacht interior.

Lürssen has a reputation for delivering some of the world’s largest superyachts, a reputation that is sure to continue to be upheld within the next year. Featuring lengths between 80 and 145 metres, these four Lürssen superyachts will be launched this year. Here’s what we know about the various projects, some more elusive than others.

‘Luminance’ – 145m

At 145 metres, the secretive project Luminance is the 7th largest yacht to be built by Lürssen, ranking as the 15th largest superyacht in the world. Construction began in 2018, the vessel was not again seen until May 2021, when she was transported for outfitting. Recently seen for the very first time, the project is currently located in Aumund, Germany as she nears completion. Exterior design is the work of Espen Øino .

‘Jag’ – 122m

Jag joins Luminance in the line-up of the largest superyachts currently under construction in the world, the project was commissioned by a repeat client and is the owner’s third Lürssen superyacht. The yacht hit the water for the first time in 2021, and is due to be delivered this year. The vessel boasts 20 guest cabins and 40 crew cabins, as well as typical luxury superyacht features including a spa, gym, swimming pool, cinema and a dance floor.

Read More: The ‘Experiencing Excellence’ Program Launched By Maison Del Gusto

‘project icecap’ – 107m.

Known as project ‘ Icecap ‘ during the build, this 107 metre will soon be known as M/Y Shackleton. Perhaps the name is a hint as to the nature of the vessel’s explorative cruising abilities, a further hint is the X-bow and sizeable tender stowage on deck. Recently spotted outside of the shipyard in Wolgast, Germany, she is due to be delivered early this year. Salt Ship Design are responsible for her exterior design and naval architecture.

‘Project 1601’ – 90m

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BOAT INTERNATIONAL – The 21 biggest superyachts under construction

Project Titanium , the 100 mt hybrid superyacht that will be built under  The Italian Sea Group ‘s Admiral brand is in the 21 biggest yachts under construction ranking.

Announced in March 2021, designed inside and out by Winch Design, Project Titanium is scheduled for delivery in 2025 and will balance “ high-quality standards with high-tech solutions ” while emphasising “ attention to eco-sustainability ”.

Here Boat International full article

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Yacht Construction & Build

With an experienced luxury yacht construction team comprised of former superyacht captains, engineers, and project management specialists, Moran Yacht & Ship has successfully negotiated, managed, and completed over $3 billion in new yacht-build projects. This incredible statistic is unmatched by any other brokerage company in the world.

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Why build with Moran Yacht & Ship?

Over the past 36 years, Moran’s yacht construction management team has been actively involved in successfully building over 60 of the finest quality new superyacht construction projects globally. Contact our new build project management team today to learn how we can help you build your next custom luxury yacht in partnership with the leading megayacht builders in the industry.

Discover how our yacht build process is different

Before the keel is even laid, our yacht project management team compiles an all-encompassing marine specification. We then negotiate a comprehensive yacht-building contract that protects our clients from delays and additional costs. We assemble an experienced yacht build team that includes only the best naval architects, interior and exterior designers, and project managers to bring your dream yacht to life.

Unlike many of our competitors, who disappear as soon as the yacht build contract is signed, our accomplished team will remain in place through final delivery to ensure a smooth yacht construction process and complete satisfaction. As a further courtesy to our clients, we remain with the vessel in a yacht management capacity to take care of any warranty items and ensure hassle-free day-to-day operations.

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Whether you are looking to build a semi-custom motor yacht or build a custom superyacht, you can be certain that the new yacht construction team at Moran Yacht & Ship has the experience, knowledge, and capability to deliver the boat build of your dreams. Our experience ensures that you will take delivery of your vessel on time, within budget, and to the highest quality standards.

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Choosing the right yacht builder and shipyard is imperative for a successful new yacht construction project. Learn more about some of the builders our yacht project management team works with and recommends.

Yacht Construction FAQs

What support will moran yacht & ship offer me during my yacht construction.

The experts and brokers at Moran Yacht & Ship have been in the industry for a long time and oversee many superyacht construction projects. Their expertise will support you at every stage of the new build process, ensuring your exact requirements are met. This includes:

• Informed selection of builder and shipyard
• Choice of interior and exterior designer
• Development and negotiation of the technical specification
• Negotiation of the build contract and price
• Project management throughout the build process

What does it cost to build a yacht?

The cost of building a yacht from scratch is based on multiple factors, including the size of the vessel, materials used, the complexity of the design, technology, propulsion systems, interior design features, onboard amenities, and the shipyard and designers used. Expect building a luxury boat to cost anywhere from $2 million to more than $300 million. Working with an experienced new build project management team, such as the experts at Moran Yacht & Ship, offers a cost-effective solution by ensuring builds remain within budget.

What are the benefits of building a yacht as opposed to buying a used yacht?

There are multiple benefits to building a yacht as opposed to buying a pre-owned yacht. When you build your own yacht, you enjoy the benefits of a fully customized vessel to meet your precise requirements, from its naval architecture and size to its cruising capabilities, layout, onboard technology, amenities, and interior design. A custom yacht will be tailored to suit your lifestyle and desired experiences.

Also, when you build your yacht, you won’t have to worry about pre-existing conditions. A new build yacht will come fully warranted, providing protection from future mechanical repairs and providing complete peace of mind.

Finally, Moran Yacht & Ship ensures that building a yacht is indulgently fun. You will have the opportunity to collaborate with a team of highly experienced boat-building professionals to create something truly extraordinary, from sketch board to on the water. Nothing matches the thrill of building your own yacht with even the smallest details tailored to your precise requirements. Indeed, a custom yacht offers the ultimate lifestyle purchase.

What are the pedigree shipyards that Moran has built with?

• Lurssen Since 1875, the northern German shipyard has produced some of the finest vessels on the superyacht market. This pedigree shipyard is known for innovating and utilizing cutting-edge technology. Lurssen continually breaks records, including developing both the longest superyacht in the world (AZZAM) and the biggest luxury superyacht in the world (DILBAR).
• Amels This Dutch shipyard officially entered the yachting sphere with the superyacht KATALINA, now named LADY GEORGINA, in 1982. The luxury boat builder specializes in motor boats, constructing both full custom as well as their highly sought-after semi-custom Limited Editions yacht series.
• Oceanco Oceanco is a pedigree boat builder and industry pioneer based in the Netherlands. The shipbuilder is renowned for building award-winning custom vessels up to 200 meters, both motor yachts and sailing vessels. The Dutch shipyard specializes in building innovative, high-quality superyachts that push the boundaries of shipbuilding.
• Feadship Also among the world’s most notable superyacht manufacturers is Feadship, a full custom motor yacht builder known for its uncompromising pursuit of perfection. The pedigree shipbuilder is located in Holland and boasts a long history stretching back to 1949.

Moran Yacht & Ship boasts strong relationships with the world’s leading shipyards and has project managed some of the world’s most luxurious custom superyachts. Contact us today if you want to build a luxury boat.

What countries are known to have the best shipyards?

European countries, including the Netherlands, Italy, France, and Germany, dominate when it comes to the best shipyards, thanks to their rich maritime heritage, skilled craftsmanship, and use of exceptionally high-quality materials.

What are the current waiting times to build a yacht with the best shipyards?

Overall, the more prestigious the shipyard, the longer the waiting time will be. Current waiting times for some of the most prestigious builders are around 4 to 5 years.

How long does it take to build a yacht?

The build time for a yacht can vary significantly depending on the project’s size, specifications, and complexity. Generally, superyacht construction times at pedigree shipyards range from 36 to 39 months.

Our new construction team is known for delivering our client’s projects on time and within budget.

What are mega yacht hulls made from?

Megayacht hulls are typically made from fiberglass, aluminum, or steel, and the choice of material will depend on the budget, yacht design, and how the owner wishes the vessel to perform.

A fiberglass hull is known for its excellent sea-keeping capabilities and ease of maintenance.

Aluminum offers excellent strength and durability. As a relatively lightweight material, it also provides better fuel economy and enables a yacht to reach higher speeds.

Steel is an exceptionally strong and durable material with high resistance to abrasion, making it popular with ocean-cruising yachts, especially expedition vessels. However, it is heavier than fiberglass or aluminum, making it less popular with owners wishing to build a yacht where speed is a priority.

What makes a boat considered a yacht?

Overall, there is no standardized definition of what makes a yacht. Mostly, the term yacht applies to vessels over 24 meters, where regulations for ownership change as well. The term yacht can equally define a motor boat or sailing vessel. Additionally, terms like superyacht,  megayacht, or gigayacht are often used to describe the most luxurious and largest ocean-going vessels.

Do I have to pay VAT on a new yacht?

As a moveable asset, whether you have to pay VAT – Value Added Tax – can be complex. Generally speaking, whether you have to pay VAT will depend on the country the owner is acquiring the yacht from and their country of residence. The VAT may also depend on the intended use of the vessel. Every country has different VAT rules and regulations. It is always a good idea to consult with a local tax professional with expert knowledge of the yachting industry to mitigate any potential tax liabilities.

What are financing options for yacht construction?

Building a new luxury boat can be an expensive endeavor and is a significant investment. Various financing options are available to those interested in purchasing or building a yacht. Financing typically involves one of three different solutions:

• Portfolio loans
• Private lenders

Bank loans are a popular option for financing a yacht construction. Many banks offer boat loans, which are similar to auto loans in terms of loan structure and required collateral.

Portfolio loans have become more popular for financing new construction projects. A number of institutions offer these and often have very favorable rates.

Private lenders also offer funding for boat construction. These lenders typically offer more lenient terms compared to banks. However, interest rates can be higher, and a larger down payment is often required.

How much does it cost to run a yacht per year?

The cost of running a yacht depends on many factors, including:

• Maintenance needs : they will also grow with the age of the yacht
• Size : the larger the yacht, the more crew is required
• Time spent cruising : fuel expenses increase with the cruising range
• Insurance costs
• Location : dockage and mooring fees will vary

Overall, a rule of thumb is that luxury yachts cost around 10% of their purchase price per year. This percentage is typically reduced slightly as the size of the boat increases.

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Are you considering building a new yacht? Contact our team today to learn how we will set you up for success.

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Designing and building a new yacht is the most bespoke experience in yachting and the dream of many yacht owners. The team at 26 North Yachts is well prepared and experienced to help make these dreams become a reality. Our team will guide you through the process from start to finish, helping not only with the initial selection of the builder and designer, but all the way through until you accept delivery of your dream yacht.

The team at 26 North Yachts visits shipyards across the world annually to ensure we are well versed in current offerings from every corner of the globe. Our recent trips have taken us to shipyards in the United States, Italy, Taiwan, and The Netherlands, to name a few. From our stateside home in Fort Lauderdale, we also have access to many of the top builders right in our own town. We keep our finger on the pulse of the new build community, and we have a multitude of resources to ensure that your experience is positive – lacking in frustrations.

The Yacht Construction Process

Our process at 26 North Yachts begins with you. We want to ensure your dreams are fulfilled, so we begin with understanding them: What are your dream destinations? Do you have specific requirements for space onboard? Do you intend to charter the yacht? Do you prefer a classic yacht style, or are you looking for a design that is outside the box? Timeline and budget are also key to the initial conversation. These requirements will help determine where we begin when selecting a designer and builder.

Choosing a Designer and Builder

With a multitude of designers and builders across every continent, this selection can be daunting. Our brokers will work with you and potential shipyards through the bid process and assist with finalizing contracts.

Build Process

Once the contract is signed, our work is not done. Our brokers will assist in every step of the ongoing process to ensure effective communication between all parties. You will remain informed of the progress of your build, and your broker will keep your best interests in mind with any issues that may arise, ensuring that your new yacht is built to your exacting requirements.

Upon the delivery of your new yacht, your broker will ensure that all contractual obligations have been met, and oversee sea trials. Once you have accepted the delivery of your new vessel, should any issues arise, your 26 North Yachts broker will assist you in liaising with the factory for all warranty issues.

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PROJECT 825

Price on application

• Length: 75.8m (248.7ft)
• Guests: 12 guests in 6 cabins
• Built: 2025
• Feadship, Royal Van Lent

PROJECT 515

• Length: 54.9m (180.1ft)
• Guests: 14 guests in 6 cabins
• Built: 2026

PROJECT FOX

EUR 17,000,000

• Length: 34.9m (114.5ft)
• Guests: 10 guests in 5 cabins
• Built: 2024
• Pendennis Shipyard

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The Independent Nuclear News Agency

Fast reactors / china and russia sign agreement to continue cooperation.

By David Dalton 23 March 2023

According to the International Atomic Energy Agency, global interest in fast reactors has been growing since their inception in 1960 because they can provide “efficient, safe and sustainable energy”. Their closed fuel cycle – a fuel cycle that reuses spent fuel – can support long-term nuclear power development as part of the world’s future energy mix and decrease the burden of nuclear waste.

Russia and China are cooperating on several reactor projects, including construction of Russian VVER plants at Tianwan and Xudabao in China and the supply of fuel for China’s experimental fast neutron reactor, the CFR-600 in the southeastern province of Fujian.

Russia’s MBIR multipurpose fast neutron research reactor is under construction at the Research Institute of Atomic Reactors site at Dimitrovgrad in the Ulyanovsk region of western Russia and is scheduled for completion in 2028.

In 2021, Russia’s president Vladimir Putin said Moscow was considering the possibility of China joining a consortium for construction of the plant.

In October, Russia’s state nuclear fuel company Tvel said it had begun deliveries of nuclear fuel for China’s CFR-600. In 2021, Tvel started up a production facility to fabricate fuel for the CFR-600. The facility is part of the Elemash Machine-Building Plant, a Tvel plant in Elektrostal, near Moscow.

Fuel manufactured by Russia for China’s CFR-600 fast neutron Reactor. Courtesy Tvel.

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Exclusive nuclear industry news and analysis.

Russia establishes special site to fabricate fuel for China’s CFR-600

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A special production site to fabricate fuel for China’s CFR-600 fast reactor under construction has been established at Russia’s Mashinostroitelny Zavod (MSZ - Machine-Building Plant) in Elektrostal (Moscow region), part of Rosatom’s TVEL Fuel Company. 

As part of the project, MSZ had upgraded existing facilities fo the production of fuel for fast reactors, TVEL said on 3 March. Unique equipment has been created and installed, and dummy CFR-600 fuel assemblies have already been manufactured for testing.

The new production site was set up to service an export contract between TVEL and the Chinese company CNLY (part of China National Nuclear Corporation - CNNC) for the supply of uranium fuel for CFR-600 reactors. Construction of the first CFR-600 unit started in Xiapu County, in China's Fujian province in late 2017 followed by the second unit in December 2020. The contract is for the start-up fuel load, as well as refuelling for the first seven years. The start of deliveries is scheduled for 2023.

“The Russian nuclear industry has a unique 40 years of experience in operating fast reactors, as well as in the production of fuel for such facilities,” said TVEL President Natalya Nikipelova. “The Fuel Division of Rosatom is fulfilling its obligations within the framework of Russian-Chinese cooperation in the development of fast reactor technologies. These are unique projects when foreign design fuel is produced in Russia. Since 2010, the first Chinese fast neutron reactor CEFR has been operating on fuel manufactured at the Machine-Building Plant, and for the supply of CFR-600 fuel, a team of specialists from MSZ and TVEL has successfully completed a complex high-tech project to modernise production,” she explained.

A special feature of the new section is its versatility: this equipment will be used to produce fuel intended for both the Chinese CFR-600 and CEFR reactors and the Russian BN-600 reactor of the Beloyarsk NPP. In the near future, the production of standard products for the BN-600 will begin.

The contract for the supply of fuel for the CFR-600 was signed in December 2018 as part of a governmental agreement between Russia and China on cooperation in the construction and operation of a demonstration fast neutron reactor in China. This is part of a wider comprehensive programme of cooperation in the nuclear energy sector over the coming decades. This includes serial construction of the latest Russian NPP power units with generation 3+ VVER-1200 reactors at two sites in China (Tianwan and Xudabao NPPs). A package of intergovernmental documents and framework contracts for these projects was signed in 2018 during a meeting between Russian President Vladimir Putin and Chinese President Xi Jinping.

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