Bill Noramin

News: Super Yacht refit on the way at Amico & Co.

March 10, 2010 by Bill Noramin
View large version of image: Super Yacht refit on the way at Amico & Co.

Amico & Co have considered the value of continuing to expand in the market and are showing their commitment to the refit market, by investing in an huge 385 tone travel lift. This is costing them about two million Euros, which is, even on it’s own, a considerable investment. However, the yard reported that they also have and additional 4.6 million Euros available for new investments.

Their Amico Loano facility, is scheduled for an official opening towards the middle of this year. They do have big plans for this new facility, but they are currently keeping it private and will officially reveal the news soon.

Amico’s commitment and interest about investing in the refit sector is not being made by this company alone. Jean Christophe Lenoir, one of the three partners at ITM, said that refit will be big business by the third quarter of 2010 and ITM are intending on taking full advantage of the new business offer.

Monaco Marine’s Vincent Larroque, also said that the company intend on expanding their docking facilities and services. The project is scheduled to start this summer and plans to be complete within five years, Amico say that it will double their current working capacity. With a repair basin for yachts up to 200m and a new 4000 ton syncrolift for yachts up to 110m and 220m covered dry dock area. With the new built brokerage market still weathering the credit crisis, buying a refited yacht only a few years old may well become the more attractive option for prospective owners.

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