Superyacht refit provider MB92 said in a statement that it has signed a contract with La Ciotat Shipyards to extend the lease of its 650-ft. dry dock for three years. The new agreement gives MB92 exclusive use of the large dry dock through August 2022. MB92 said it has done 45 refit projects on superyachts over the past two years.
“In the short term, this new contract unlocks several important orders, which we had to put on hold, and accelerates the development of our business locally,” said Ben Mennem, CEO of MB92 La Ciotat in a statement. “As a direct consequence, several new jobs should be created in La Ciotat in the coming years. La Ciotat is more than ever a priority for our group.”
MB92 has emerged as a leading superyacht refit provider, with multiple locations around the Mediterranean region. The company plans to invest about $50 million in the La Ciotat facility.
“We foresee a marked increase in business in the 80-metre+ [262 feet and above] segment for which we have undertaken 45 projects over the past 2 years and 15 were in the dry dock. Our team has shown professionalism and dedication to our clients, thus ensuring a good level of repeat customers.”
“This is clearly a very good win-win deal, in line with the partnership spirit promoted by LCS towards the re-industrialization of our yard and the creation of a skilled workforce,” said Jean-Yves Saussol, director of La Ciotat Shipyards, in the statement.