Pelorus is the world's fourteenth largest private yacht at 377 feet 3 inches (115 metres) in length
with a price tag of US-$300 million (254 Million Euros). It was built at the Lürssen yard in Bremen, Germany to the design of Tim Heywood and was launched in 2003. It was briefly owned by a Miles businessman who sold it to Russian billionaire Roman Abramovich the following year. Abramovich had it refitted to his own requirements by Blohm & Voss. This included the addition of a second helicopter pad forward, four new zero-speed stabilisers and modifications to the exhaust, mast and stern.
Abramovich also owns Ecstasea, and gave away Le Grand Bleu to friend Eugene Shvidler. Pelorus is powered by two 5,500-hp Wärtsilä 12v 26 engines which will do a maximum 19 knots but often cruises between 12 and 14 knots.