Superyacht service company Royale Oceanic has opened a new Monaco office in time for the Monaco Yacht Show in September.

"Our growing reputation within the market for professional services — brokerage, new construction, yacht management and refit — reached a point where we needed a physical and strategic presence in this key global yachting centre close to some of our clients and amongst other large yacht providers," says executive chairman Barry Gilmour.

Royale Oceanic says that the office will help to expand and develop its yacht management services and will supply an 'on the ground' refit support service. It will also act as an important brokerage hub all year round, as well as during the Monaco Yacht Show.

The new office is in addition to Royale Oceanic's current offices in London, Southampton, Dubai and Sydney.

Superyacht Business, 27 July 2010