Monaco Marine Yard Expansion to Accommodate 130m Mega Yachts: Yacht maintenance and repair company Monaco Marine will expand its Marseille-based shipyard via a $50 million investment. Set to open in 2022, the yard will be dedicated to servicing larger superyachts of up to 130 meters, allowing Monaco Marine to service the 80-130-meter market for the first time.
Based in the hart of the Bassin Mirabeau, the yard will include a 50,000sqm platform with a two-story building to house workshops, offices and a dedicated crew area. The new eard will also include a 6,000-ton lift, which will enable it to work on four superyachts up to 130 meters simultaneously. A company spokesman said the lift, which will elevate yachts in a forward-facing position, is the most obvious technical device to meet market requirements.
The move is a response to market trends, specifically the grown in production of yachts over 80 meters, which Monaco Marine says accounts for 85% of the market. Seasonality is another major factor as many mega yachts alternates summer in the Mediterranean with winter in the Caribbean, so it’s important to be able to meet spikes in demand while also maintaining exacting standards.
Marseille is also a strategically important location as it offers ample draught and necessary technical facilities for superyacht maintenance. Monaco Marine also has established relationships with many superyacht businesses in the port of Marseille, making it an ideal place to offer additional services.
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