Leading Maltese-based superyacht repair and refit yard, Merlita Marine, is implementing a new strategy based on expanding its activities throughout the Mediterranean. As part of this the group has recently taken on the MTU representation in Greece and also acquired a majority stake in the PTW shipyard in Tarragona in spain.

Merlita Marine Chairman, Pierre Balzan, declined to tell IBI exactly how large the majority stake in the Spanish shipyard was or how much the company is investing. “Those figures are confidential,” he said. “We have rebranded the yard as the ptw Shipyard-Merlita Marine Group. We chose the yard after looking at a number of yacht repairers and we are looking at others to expand our activities across the Mediterranean.”

The PTW yard extends over a 15,000m2 area and includes some 3,000m2 of workshops and office space. It is able to work on superyachts with its facility includes a travel lift to handling craft up to 50m (164ft). There is a 180m (591ft) deepwater quay.

Through this new acquisition Merlita Marine will be offering a full range of technical services to active regional superyacht market which includes the key centres of Barcelona and Palma. The Tarragona

“It started operating from Tarragona in late 2016,” Merlita said in a statement. “In just over two years, the yard has acquired a solid reputation for good workmanship and a wide-ranging subcontractor network.” This new purchase now allows Merlita to provide a wide range of technically based services on yachts up to 100m(328ft) in Malta where its facilities include a 4,000 tonne floating dock, as well as also in Spain and Greece.

Balzan suggested to IBI during the ‘Opportunities of Superyachts’ conference held in Malta yesterday that there will be more to follow.