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.

Russian Oligarch Roman Abramovich has installed a laser based anti-paparazzi shield on his new record breaking mega yacht - the Eclipse.

Measuring 557ft long, it boasts two swimming pools, two helipads and an onboard missile defence system.

The boat’s anti-paparazzi system, described in several reports as a “laser shield”, is a little less science fiction than it sounds.

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.

Porsche Design has unveiled its latest collaboration with yacht builder Royal Falcon Fleet, a 135 ft. catamaran.

The RFF135 is their first joint venture which has reached the first milestone of the construction.

The $58million craft features 472 square metres of interior space, accommodating 10 passengers and 10 crew members.

Louis Vuitton has announced plans to inaugurate a new World Series of sailing, beginning with a regatta in Nice in November.

The Louis Vuitton World Series has been created while the America’s Cup is locked in the protracted court battle between Oracle and Alinghi.

The event will be undertaken in association with a new professional sailing group called the World Sailing Team Association (WSTA).

Riva has just unveiled their newest yacht for the 2010/2011 season newest yacht, the 86’ domino, at the Cannes Boat Show last week.

This latest 26 meter yacht is considered to be an evolution of the renowned 63’ Vertigo and 68’ Ego Super models.

The boat can sleep eight guests in four cabins with four crew members whilst there is space on the boat to entertain up to twenty people on board.