Malta's refit stock continues to grow
Ahead of Malta's forthcoming Superyacht Industry Seminar, entitled 'Malta, a better destination for superyachts', SuperyachtNews.com visited two of its leading refit facilities to see how privatisation and increasing marina traffic has bolstered the country's refit and repair market. …
"Originally, there were limited facilities for superyachts in Malta, and so expansion was difficult because we are restricted by space here," Victor Bezzina, director of Bezzina Yacht Yards, explaining that as marinas in Malta expand and improve their facilities, so too can the yards benefit by having more yachts to carry out routine maintenance and repairs on.
Both Bezzina and Wilson emphasised that the strength of Malta as a refit destination lies in the cost advantages. "Refit and repair in Malta is definitely cheaper in the long run," said Wilson, who explained that, although being an island meant that importing some things was slightly more expensive than on the mainland, labour was significantly cheaper and still extremely skilled. "Malta has many really good tradesmen right here on our doorstep," Bezzina echoed. "And all the major brands are well-represented."
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