Wally, the Monaco-based yacht builder and design house created by Luca Bassani Antivari, is perhaps the best known and most easily recognized brand of luxury yacht on the planet.

Inside a decade and a half, its yachts have won the Millennium Design Award and it is the only yacht builder to twice win the Compasso d'Oro (2004 and 2008), the world's most important award for quality and design.

Some of the remarkable Wally designs we've covered on Gizmag include the Hermes floating mega-resort (pictured above), Wallypower 64, Wally 50 and the Wally Island Gigayacht (pictured below).

Now the company's top-selling Wally Tender is to be replaced after a decade long production run by the new EUR580,000 (US$825,000) Wally One. According to Antivari, the Wally One offers more performance, technology and comfort with less overall length, consumption and cost.

"Wally One is an exercise in giving our customers more for less - more performance, technology and comfort with less overall length, consumption and cost", said Antivari.

"Like everything that we do at Wally, this is about smart evolution. Wally One has a greater emphasis on fun. It has been designed as more of a day boat than its predecessor with flexible seating, increased sunbed space and a host of modern conveniences."

The new 13.12 meter Wally One has a beam of 3.525 meters, and a top speed of between 40 and 50 knots. With up to 630 hp available, it should more than cater for diving, lollygagging around desert islands and ferrying passengers to the megayacht.