Hublot and Wally Yachts have already been partners for several years: Hublot is the official timekeeper of the Wally Class during their regattas.

To commemorate this long time collaboration with Monaco-based Wally Yachts, the Swiss watchmaker has unveiled the special Big Bang Wally timepiece.

The watch made from an ultra-light alloy of aluminium and magnesium, amongst others, with a titanium movement and a rubber strap.

Asia-Pacific Boating magazine is releasing its highly anticipated and sought-after Top 50 Superyachts of Asia listing in the coming November-December issue.

This one-of-a-kind listing draws together the biggest and most luxurious yachts of the region, from India to the South Pacific, and from Indonesia to Japan.

The 2008 edition saw the entry of the 95-metre Indian Empress, the personal yacht of Indian billionaire Vijay Mallya, entering the list at number one.

French luxury clothing designer Hermes and Monaco based yacht maker Wally have collaborated to create the ultimate luxury yacht.

The watercraft by Wally-Hermes Yachts, dubbed WHY for short, are the perfect mix of luxury and “green” living.

This revolutionary yacht is developed with the latest and most advanced sustainable technologies, recycling thermal energy, as well as any organic and inorganic waste without compromising on its luxury aspects.

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.

One of Australia’s richest men, Clive Palmer, has drawn criticism for buying his teenage daughter a yacht worth AU$5.3m.

Child experts say that giving multi-million dollar gifts to teenagers is dangerous because it gives them unrealistic expectations about money.

Psychologist Renee Mill says that whilst it is commonplace for many wealthy parents to give expensive gifts like this, it amounts to irresponsible parenting.