Breaking News

    The $1 billion superyacht: Bigger, longer, but is it better?

    Sheena McKenzie, for CNN

    Updated 1120 GMT (1920 HKT) February 12, 2015

    Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.

    Introducing "Triple Deuce," set to be the biggest superyacht in the world at a whopping 222 meters long.
    Photos: Triple Deuce: The world's largest superyacht?
    Introducing "Triple Deuce," set to be the biggest superyacht in the world at a whopping 222 meters long.
    Hide Caption
    1 of 7
    The mammoth vessel is set to be completed by spring 2018, dwarfing even some cruise liners.
    Photos: Triple Deuce: The world's largest superyacht?
    The mammoth vessel is set to be completed by spring 2018, dwarfing even some cruise liners.
    Hide Caption
    2 of 7
    The record-breaking vessel will be over 40 meters longer than the world's current biggest superyacht, "Azzam" (pictured), believed to be owned by the President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan.
    Photos: Triple Deuce: The world's largest superyacht?
    Azzam: 180 meters – The record-breaking vessel will be over 40 meters longer than the world's current biggest superyacht, "Azzam" (pictured), believed to be owned by the President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan.
    Hide Caption
    3 of 7
    It will also trump Russian businessman Roman Abramovich's "Eclipse" (pictured) by 58.5 meters.
    Photos: Triple Deuce: The world's largest superyacht?
    Eclipse: 163.5 meters – It will also trump Russian businessman Roman Abramovich's "Eclipse" (pictured) by 58.5 meters.
    Hide Caption
    4 of 7
    "Our client was concerned that if we built the yacht to 200 meters, then someone would come along like Roman Abramovich when he built "Eclipse" at 163.5 meters, and outdid Sheikh Maktoum's yacht, the 162 meter "Dubai," by only 1.5 meters," explained broker Craig Timm.
    Photos: Triple Deuce: The world's largest superyacht?
    Dubai: 162 meters – "Our client was concerned that if we built the yacht to 200 meters, then someone would come along like Roman Abramovich when he built "Eclipse" at 163.5 meters, and outdid Sheikh Maktoum's yacht, the 162 meter "Dubai," by only 1.5 meters," explained broker Craig Timm.
    Hide Caption
    5 of 7
    Should "Triple Deuce" be built, Microsoft co-founder Paul Allen's yacht "Octopus" (pictured) would be bumped to fifth place on the list of world's biggest private yachts.
    Photos: Triple Deuce: The world's largest superyacht?
    Octopus: 126 meters – Should "Triple Deuce" be built, Microsoft co-founder Paul Allen's yacht "Octopus" (pictured) would be bumped to fifth place on the list of world's biggest private yachts.
    Hide Caption
    6 of 7
    Can't afford a superyacht of your own? You could always stay at <a href="http://edition.cnn.com/2014/08/11/sport/inside-londons-67m-superyacht-hotel/">London's Sunborn Superyacht Hotel. </a>Opened last year, it features 136 rooms costing between $300 and $1,600 per night.
    Photos: Triple Deuce: The world's largest superyacht?
    Can't afford a superyacht of your own? You could always stay at London's Sunborn Superyacht Hotel. Opened last year, it features 136 rooms costing between $300 and $1,600 per night.
    Hide Caption