French refit and repair yard Monaco Marine is making a multimillion-euro investment into two new facilities in Marseille and La Seyne-Toulon that will both open in 2018.

The addition of the two new yards will increase the group's network to eight locations and allow it to handle superyachts up to 140m (460ft).

In Marseille, Monaco Marine will operate refit and maintenance operations for megayachts up to 140m. The new shipyard will have a 320m (1,050ft) dock and be equipped with two workshops of 250sq m each over a ground area of 8,700sq m.

In La Seyne-Toulon, a new €15m facility will have a 40,000sq m ground area and a 14,645sq m water space. The new yard will open in the second semester of 2018. It will initially be dedicated to the handling of yachts up to 55m (181ft) with a lift capacity up to 500 tonnes. The yard will also have a specially-built slipway which will allow for the hauling-out and launching of large multihulls.

Monaco Marine says that La Seyne will be unique on the French Riviera as it has the capacity to cope with as many as 28 yachts at one time, both ashore and afloat. The company plans to go further and it is already looking at handling much larger yachts.

A public occupation authorisation has already been given to Monaco Marine to pursue its investment on the site, allowing for work being undertaken on superyachts up to 140m.

The company states: "With two new openings in 2018, Monaco Marine just answers to the demand of its customers for more availability on huge refit programmes. Currently corresponding to the service proposed at the Monaco Marine shipyard in La Ciotat, this new yacht facility complete the offer on the market. Indeed, with a very well-filled order book, Monaco Marine was in need of solutions for its clients."

Working closely with local authorities, Monaco Marine wishes to make the French Riviera the place to be for superyacht refits and maintenance programmes. With eight shipyards on the French Riviera and a mobile taskforce around the world, this is a tailored and customised service approach oriented to the satisfaction of a very high demanding international class customers.