Sirena Yachts Unveiled 118-Foot Flagship in Cannes
The Turkish shipbuilder debuted its largest vessel to date, a 118-foot luxury yacht, at the Cannes Yachting Festival.
Updated on Sept. 21, 2026 in Cruises
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Sirena Yachts introduced its new 118-foot flagship vessel, named IKIGAI, during the Cannes Yachting Festival. The yacht features a gross tonnage of 279 and accommodates 12 guests alongside a five-person crew.
Why it matters
This launch marks a significant expansion for the Turkey-based shipbuilder into the large luxury yacht market. The vessel showcases advanced material engineering, utilizing a combination of fiberglass for the hull and carbon fiber for its upper deck construction.
The yacht measures 118 feet (36 meters) in length with a 26-foot beam and is powered by dual 1,550 hp MAN diesel engines. It has an estimated starting price of $18 million.
The players
Sirena Yachts
A Turkey-based manufacturer that specializes in the design and construction of luxury motor yachts.
German Frers
A renowned naval architect firm responsible for the vessel's hull design and performance engineering.
Cor D. Rover
A prominent design house known for creating exterior and interior aesthetic concepts for luxury vessels.
The details
Designed by naval architect German Frers and design house Cor D. Rover, the vessel emphasizes a blend of structural durability and performance. Its standard configuration allows for a cruising speed of 10 knots, providing a spacious layout for 12 guests.
Timeline
September 2026: The Cannes Yachting Festival concluded.
Roadmap
The transition to carbon fiber upper decks signals a broader industry shift toward weight reduction to optimize range and performance in large-scale luxury yachts. This move positions Sirena Yachts to compete more directly with established European shipyards for high-net-worth buyers.
Prospective buyers can expect a starting price of $18 million for this flagship model, with delivery timelines likely dependent on the production capacity of the Turkish shipyard. The vessel is designed to accommodate specific long-range cruising requirements for up to 12 guests.
The takeaway
Large-scale yacht manufacturing is increasingly prioritizing hybrid material construction to balance structural integrity with luxury amenities. Potential owners should assess the logistical requirements of operating a vessel that requires a professional crew of five.
Further reading
Explore the latest developments in luxury maritime vessels on our /travel/cruises/ section.
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