Steven Spielberg was recently spotted in St. Barth’s and St. Maarten aboard his new toy, the 86-metre Oceanco superyacht Seven Seas.

Featuring naval architecture by Azure and an interior design scheme by Nuvolari & Lenard, the ship was launched by the Dutch shipbuilder a few months back.

Said to have cost about $200 million, the yacht features an infinity pool with a 15-ft. glass wall that doubles as a movie screen.

The Weyves Couture yacht is the first of three designs to come from Lebanese fashion designer Elie Saab and Weyves International Ltd.

The high profile fashion designer released his collaboration design yesterday, which is the first of three concepts.

It was stated at the unveiling conference that “the future owner of ES117 will not acquire a majestic superyacht but a piece of art”.

The 117 metre sleek and sharp design will have a steel hull and an aluminium superstructure crafted with the finest materials.

It was also stated by a keynote speaker that only the most skilled craftsman will be entitled to build the yacht, most likely why the two designers decided on building with world renowned Oceanco.

Dutch yachtbuilder Oceanco recently unveiled its largest model to date, the 85.6-metre Y708, dubbed the most advanced superyacht the company has ever put into production.

The Igor Lobanov-designed Y708 Based on three guiding principles: motion, elegance, and privacy.

Dramatically sculpted surfaces convey motion, while the dynamic silhouette imparts elegance.

Alfa Nero, the 269-ft. Oceanco superyacht has been listed for sale via brokerage firm Edmiston & Co. for €129,750,000 (about $190 million).

Named after Roman emperor Nero, this superyacht was designed for the stylish and powerful Lords of the seas.

She was ranked #43 in Boat International’s list of the world’s 100 largest yachts in February 2009 and is Lloyds classed and MCA compliant.

By international convention, a superyacht is any private vessel more than 30 metres (98ft) in length. A few years ago, there were only a handful but today, there are thousands of them and, amazingly, demand is on the up.

After a few years, the owner of a 30-metre yacht wants 40 or 50 metres of yacht and, right now, there are not enough quality shipyards in the world to cope with the demand.

Every year, buyers and sellers congregate in Monaco, and this year was busier than ever. At the Monaco Yacht Show this past weekend in Monte Carlo, there was an estimated $4.5 billion worth of yachts on display, and none of the 98 craft on exhibit were under 100 ft. !