Luxury Repair

Mar 19, 2012 (LBO) – Colombo Dockyard said it was eyeing yacht repair as a new market after winning work from a French specialist yacht management company, given Sri Lanka’s proximity to the Maldives where many vessels end their cruises. The yard, majority owned by Japan’s Onomichi Dockyard Co., said it completed repairs on schedule on super luxury yacht Lauren L within 40 days with the drydocking call work package covering repairs in all sectors including propeller tail shaft withdrawal.

Titan Fleet Management, a specialist yacht management company, selected the yard for the 10-year class survey repairs on the seven star category 90-metre long yacht after a site visit by its fleet manager.

“The Colombo shipyard was the best option for the owners/ managers given the full service facilities available in Colombo, coupled with the yacht’s last operating area in the Maldives,” the yard said in a statement.

“High net-worth luxury yacht repair sector prospects look promising, with many of the yacht operators terminating their cruises close to Maldives in the Indian Ocean, reverting to repair- maintenance soon after a charter,” it said.

“Colombo has already emerged as a marine hub for commercial container traffic; the suc