25 September 2016

10 Oct 2013

Amico & Co continues to invest in facilities


As the fleet grows, and ages, so too does the demand for high quality refit yards. Knowing this, Amico & Co has been investing heavily in it's facilities for many years. Speaking to SuperyachtNews.com at the Monaco Yacht Show the yard team explained that the latest investment into the yard is a new €5.6million 100m covered graving drydock. Work has just begun, and completion is set for October 2014.

Amico & Co's new dry dock will be equipped with a retractable cover and a dedicated facility system, allowing temperature and humidity control, and complying with the environmental certification ISO 14001. It's construction represents the evolution and continuum of the retractable cover placed on dock 2 in 1997, which already enables to accommodate indoor refit for yachts up to 70 metres. The new drydock will complement three others Amico has access to nearby.

A rendering of the new drydock.

The construction of the drydock marks the final stage in the series of infrastructural and productive investments that the yard began on it's foundation back in 1991. The yard explained that its construction is an important strategic move that will enable them to operate even more efficiently on yachts of up to 102m. Superyacht Intelligence records more yachts than ever before in the 70m+ size bracket, with 160 yachts of this size launched to date and more than 50 yachts in build. Should the growth rate seen in the last five years continue, we can expect the number of 70m+ yachts in the fleet to swell to more than 300 by 2020.

"This major investment will allow us to offer a competitively priced service to yachts up to 100m and to move more towards the segment of the market that appreciates our reputation," said Alberto Amico, President & CEO of Amico & Co. "Part of our strategy is to always continue investing in new infrastructures to allow us to constantly improve our efficiency in the future".

A busy order book of refit work at Amico shows that their investment is not unjustified. The yard's 2013-2014 order portfolio includes eight yachts between 50-90m, five of which are currently at the yard. These orders represent approximately 35 per cent of the yard's estimated workload for the entire season, which represents an average of up to 85 projects.

Their current project list counts refit work on American-owned 86m and 65m yachts. Four other yachts of 60m+ will be drydocked and refitted before the year is out. The biggest project currently underway is the six month refit of an 86m motoryacht, in conjunction with Oceanco. 

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