Whether you are looking for a superyacht repair or a large boat refitting, considering that record shows that there are more than 300 shipyards around the world fully specialized in refitting for a yacht over 65 meters long.
Factors to Consider When Choosing a Shipyard for a Yacht Refit
When you want to choose a shipyard for a major yacht refit, there are two ways you can go about it.
- The first option, which is the easier way, is to go through a broker who will handle searching for shipyards and complete the negotiation; this is definitely less time-consuming for the owner and less stressful but involves an additional commission for the Broker.
- Depending on how much time you have, The second way you can go about it is searching for the shipyard yourself. Of course, it will include having more knowledge about shipyards and yacht repairing but will reduce the cost.
Few things you need to look at while choosing a shipyard are:
Reputation
You can define a shipyard’s reputation by the quality of people referring to them. Start by asking others who have had successful refitting jobs done for them to recommend a shipyard. With these recommendations, you can at least be sure you have a list of reputable shipyards.
Facility
The next thing you need to consider is the type and quality of the facility. Ideally, you should visit the shipyard to ensure that the facilities can handle the type of project you are looking to start.
Expertise
This is a non-negotiable factor. You need to see past work portfolios they have completed to determine the level of their expertise. This is closely related to the first factor we looked at, which is reputation.
- Financial Stability
Check for shipyard’s financial report is an important factor to consider. A shipyard’s financial stability is also a sign of their capacity to deliver in time their works and their success in their field.
Conclusion
Whatever your reason for needing a superyacht refit, regardless of whether you are a prospective owner or an existing owner looking to refit a yacht, it is important.
Though the four factors listed above may not be exhaustive, they provide a solid foundation upon which to base your search for a suitable shipyard.
