A campaign, in the London Daily Mail, is afoot to build a new megayacht for the Queen of England and the British Royal Family .

Their previous vessel, the 412 ft. Royal Brittania built in 1953, was retired in 1997.

Codenamed FSP21 (Future Ship Project 21st Century), the 515-ft. vessel would be the third largest in the world, after those of Roman Abramovich and the ruler of Dubai.

Yachtmakers from around the world are gearing up to launch new products at the Nautic boat show, which gets underway next weekend in Paris.

Nautic traditionally focuses on the newest craft from luxury French names — although there is plenty on offer for those of varying budgets and interests.

Chief among the stars will be Bénéteau which has launched a slew of new models recently it intends to showcase in Paris.

Simpson Marine celebrate the end of 2011 with the delivery of 5 Lagoon catamarans and launch parties for their new owners at the Royal Phuket Marina.

A Swan 42 will also be bearing the Simpson Marine colours during the King’s Cup Regatta, the country’s most prominent sailing event to be held in December.

A yacht owners Rendez Vous will take place in the beautiful and pristine Andaman islands on Dec 16 to 17 which will enable Azimut and Lagoon owners to get together.

LVMH Group’s yacht-building firm Princess has announced formal entry into India and is aiming to sell up to five luxury boats in the next year.

Smallest of these yachts cost INR40million ($790,000) while at the higher end, the price can go up to INR300million ($6,000,000).

“We will sell four to five yachts in the next 12 months,” Sharad Kachalia, a director at Navnit Marine, Princess International’s distributor for the country.

Montigne was built in 2009 by Turkish yard Aegean Yachts, for an experienced yacht owner who hails from Southeast Asia and is available for sale via Simpson Marine.

She is the well-executed culmination of the many thoughts and experiences the owner has had when sailing in his other yachts.

The sailboat offers charter guests ample opportunity to enjoy the outside world is extremely generous when it comes to guest accommodations.

An unnamed billionaire has just acquired the 146-metre fast ferry Capricorn, built by Fincantieri in 1999, with plans to convert it to the world’s 4th largest private yacht.

The recent sale shall see a complete refurbishment and extension to 152 metre powered by four diesel engines and two gas turbines producing 95,000hp in power.

It will then be considerably larger than the yachts currently owned by King Abdullah of Saudi Arabia, the Emir of Qatar, David Geffen and Paul Allen.