Negotiations concerning the sale of super yacht refit facilities in Malta continue to progress, all be it slowly.
It now appears, according to di-ve.com, a local news outlet, that the initial short list of five has been whittled down to just two potential bidders.
One bidder is a consortium made up of the Hili Group, Francis Busuttil (of Foster Clark), Falzon Fuels, local super yacht agents S&D Yachts and RLR along with local surveyor Paul Cardona. The consortium has an agreement with a French company, which is also interested in acquiring shareholding.
The other bidder is the Melita Group, which has as its partner, a Spanish shipyard group.
The facility has a totally fenced and secure area and offers over 600 meters of quay for afloat repairs, a 140 metre long, dedicated covered dry-dock, adjacent facility for project management and dedicated shops.
A retracting cover 30 metres high and 28 metres wide can accommodate the largest yachts for complete paint jobs A second graving dock 170 metres long and 28 metres wide gives it an increased capability to handle the largest of current yachts.