Germany’s Lürssen Yachts on Friday launched what is now the largest superyacht in the the world.

Named Azzam, the superyacht measures an astonishing 180 meters (that’s 590 feet!), beating out the former World’s Largest Superyacht title holder, Roman Abramovich’s Eclipse, which only measures a measly 536 feet.

The Azzam was designed by Italian yacht designers Nauta Yacht Design, and built by Lürssen at the company’s yard in Bremen, Germany.

The superyacht is rumored to have cost a whopping £450 million, paid for by a so-far unidentified owner.

The 180m Azzam is said to have a top speed of 30 knots.

Lürssen says the yacht will be delivered in the next few months following sea trials and final detailing.

Here are some more photos from today’s launch.