The superyacht refit specialist says it has seen a record season this year with turnover up by over 20% to €45m.

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Compositeworks

Compositeworks has complete a refit work on this 140m motoryacht at its facility in Marseille. Photo credit Mathieu Wassik

Compositeworks has reported that this year the refit shipyard has seen a record season with turnover up by over 20% to €45m. The company says this growth is partly a result of its strategy to work increasingly outside of La Ciotat “in order to be able to cater for the strong increase in the number of client demands, especially in the 85m-plus segment where the dry-docking operations were conducted in Marseille”.

The company also reveals that “this season has seen an extremely wide range of works on vessels up to 140m including, major hull and superstructure extensions, interior refits, the usual class and full paint works as well as a couple of major swimming pool creations”.

In addition, the refit specialist says it is currently dealing with an unprecedented level of requests for increasingly complex refits and is undertaking several projects over the summer period on vessels up to 130m.

Ben Mennem, Compositeworks CEO, comments: “We are particularly proud of our shipyard’s performance this year and are extremely excited about the coming season. We already have many bookings for this winter both in La Ciotat and in Marseille with two 100m-plus dry dockings already confirmed for this autumn as well as many other projects in the 50-100m bracket.”

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Mennem says that in order to cater for the continued demand Compositeworks has secured partnerships for the coming season both in the Mediterranean and even further afield.

“Compositeworks is very much a family and we are all enthused by the prospect of further developing the company, we have a very ambitious investment plan and are actively seeking acquisition and partnership opportunities that will enable us to grow and further improve the services we provide our clients.

“It is clear to us that whilst good yacht facilities are increasingly hard to find, the most important thing to clients is having confidence in the shipyard to deliver both in terms of time and quality and this will remain our #1 focus,” Mennem concludes.