Project Luminance is not just among the world's biggest privately owned vessels, it's also a somewhat controversial build and, given its size, perhaps one of the most expensive as well. Its owner is believed to be Ukrainian billionaire Rinat Akhmetov, a man who rose to the title of the richest man in the country by apparently espousing pro-Putin views.
Politics aside, Project Luminance made headlines in early 2022 when a rep for Akhmetov told the press that the billionaire was considering selling it off, presumably as a means to cut ties with Mother Russia for good. No word on whether the sale ever went through or if it was just damage control, but construction on the vessel continued unhindered.
In February 2023, Project Luminance launched, setting off on the first round of sea trials in April. Last weekend, the megayacht came out of its shed in Vegesack to set out for the second – and final – round of sea trials. This meant that local superyacht watchers got an excellent chance for fresh footage of what has become one of the most secretive builds this size in the industry.
Luminance is also good-looking, as you'd expect any megayacht reportedly worth more than $300 million (if not more) to be. It features a striking navy blue hull with gold accents on the lower part and contrasting superstructure. For its size, it's sleek and elegant and not a slug, though there's no disguising the fact that it's massive.
This megayacht, which will probably be renamed on delivery, offers 9,861 GT of interior space, exterior design by Espen Oino, and interiors by Zuretti Interior Design. Assuming Akhmetov, or whoever its owner is, never agrees to a media tour of the interiors, videos like this one are the closest thing we're going to get to see it in detail. So let's enjoy it!