29 Jan '15, 5am

This 291-foot ship will soon be the largest superyacht built in China yet

When the Chinese boatbuilder Pride Mega Yachts completes Illusion later this year, the 291-foot superyacht will establish a new benchmark for China. With its length, plus a beam of 52 feet and a total of six decks, it will be the largest (most voluminous) yacht ever built in the country. Pride, which is located on the Yantai Peninsula, is owned by the international manufacturing and shipping company China International Marine Containers. Before a recent rebranding by the company, Pride was known as CIMC Raffles Yacht. Under its previous ownership, the boatyard was called Yantai Raffles and was renowned for working on two unusual designs: the 296-foot Nero , which resembles J.P. Morgan’s yacht Corsair , and Asean Lady , a 289-footer based on an outrigger canoe. CIMC had acquired Yantai Raffles and the plans for Illusion by 2010 and began building the yacht in 2011. It expec...

Full article: http://robbreport.com/paid-issue/private-preview-2015-rea...

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