Monaco Marine to challenge Palumbo even in Marseilles
The Monegasque company, running for Mondo Marine, was adjudicated 30 years concession on 60,000 square metres area and envisages investing 50 million Euro to successfully join the superyachts sector
After several appeals to TAR alongside the dispute for getting concession on ex Mondo Marine shipyard of Savona, Monaco Marine will shortly compete with a further giant of maxi yachts repairs: Palumbo of Naples, also attempting to succeed Liguria-based company went bankruptcy a few months ago.
As confirmed by the company, French Port Authority, Grand Port Maritime de Marseilles, approved Monaco Marine project aimed at turning 60,000 square metres area in a refitting yard capable to handle super yachts ranging from 80 to 130 metres, in turn granting them 30 years concession.
On the other hand Monaco Marine will invest 50 million Euro in the new yard which should go on stream in five years. The most expensive equipment will be a 6,000 tons travel lift capable to handle four units simultaneously.
The area is located in Mirabeau basin, also hosting dry docks managed by Chantier Naval de Marseilles (ranging from 250 and 365 metres in length), controlled by Genoa-based San Giorgio del Porto and Genova Industrie Navali.
Despite CNM is engaged in different market segments (cruises, ferries and mechant ships in general) new partnerships might be turning up.
Michel Ducros' initiative, betting on an exponential increase in this sector (currently overall 130 yachts exceeds 80 metres, in 2020 there will be over 200), is clearly competing with Palumbo, Italian shiprepairs giant who's been operating in France for years, handling shiprepairs in Marseilles on a 35,000 square metres area provided with several dry dock basin with 125 metres in length.
Monaco Marine's investment in Marseilles will complete their offer after the launching, next September, of La Ciotat yard, new plant in La Seyne-sur-mer, targeting 30 to 50 metres ships.
According to Financial magazine Les Echos, Monaco Marine seven headquarters refitted over 3,000 units in 2017, generating 75 million Euro sales
After the launching of La Seyne and Marseilles the company should overcome 100 million euro.