SuperYacht Times logo Yachting intelligence promo small
Yachting Intelligence
Latest news
Advertisement

Porto Montenegro and Compositeworks establish strategic partnership

Travel

Porto Montenegro will soon offer a full range of refit and maintenance services to its European yachting clientele. In cooperation with the Adriatic Shipyard in Bijela, Porto Montenegro will invest with Compositeworks, of La Ciotat in France, to establish a full range superyacht refit facility of the highest quality in the Bay of Kotor, Montenegro.

The new facility will be located on 3 hectares of waterfront property, just three miles across the bay from Porto Montenegro's marina. The facility will offer a full range of services similar to those offered at Compositeworks’ yard in France. The facility is expected to begin operations in the autumn of 2010 and will also be a base for a range of specialized subcontractors.

This partnership represents a major step towards our vision of bringing the superyacht industry to Montenegro and validates our vision for Porto Montenegro," said Oliver Corlette, managing director of Adriatic Marinas, the developer and owner of Porto Montenegro. "Previously, many superyachts were discouraged from coming to the Adriatic because it was missing a reliable, top-end operator who understood the specific needs and challenges of today's yachts. With the addition of a Compositeworks repair and maintenance facility, many more yachts and charter vessels will be based at Porto Montenegro and will enjoy the spectacular cruising area of the Adriatic."

The addition of a refit facility is an important component to the creation of a comprehensive home port for yachts in the Adriatic. Says Corlette: "Porto Montenegro is located in the heart of the fastest growing cruising destination in the Mediterranean, and is a fully fledged port of entry to Montenegro with its berths ranging from 15m to 150m. Additionally, it offers duty free fuel, provisioning services and a low tax environment. Add to that two local airports and a flying time of less than two hours to most European capitals, and it becomes clear why many captains and owners regard Porto Montenegro as the new centre for yachts in the Adriatic and a year-round location for the yachting community.”

Compositeworks is excited to enter a region fast becoming a major rival to the south of France," says Ben Mennem, co-founder of Compositeworks. "With its impressive maritime history, skilled workforce and close proximity to some of the best cruising grounds in the Mediterranean, Montenegro is poised to become the next centre for the yachting world. We are thrilled to be at the forefront of this exciting evolution of our industry and to be partners with Porto Montenegro.

Stanko Zlokovic, President of the Board of Directors in the Adriatic Shipyard, added: “Adriatic Shipyard Bijela understands the compelling opportunities luxury yacht repair will bring to the region, including the employment of the existing and highly skilled labour in Montenegro for yacht repairs,”

Porto Montenegro
+38 2 32 674 660
[email protected]
www.portomontenegro.com

Compositeworks Chantier Naval
+33 442 83 83 00
[email protected]
www.compositeworks.com

The SuperYacht Times iQ Report

SuperYacht Times - The State of Yachting 2020

Being the intelligence partner for the top shipyards and yacht brokers in the world, we have learned to analyse and track the market in great detail. Each year our leading market report is used by investors, CEOs, owners and other key decision makers to inform themselves on the state of the market and future developments. Find all the information you need on the market, fleet, construction book, ownership nationalities and much more in our report.


#weknow - do you want to know? Buy the report now for only €299!

Advertisement