STP Shipyard Palma, an international leader in the refit and repair of luxury yachts, has made further headway towards anchoring its leadership in the yachting industry. With an investment of close to eight million euros, this technical area has launched an ambitious expansion project that positions the yard as a go-to destination for the world's most exclusive superyachts.
STP is growing and moving with the times. With the extension of the yard, the total area will increase from 130,000 m² to 162,000 m², with 102,000 m² on the hard and 60,000 m² in the water.
This strategic expansion will help STP meet an ever-growing demand for high-end services for superyachts, thanks to the construction of five new berths capable of welcoming yachts up to 110 metres LOA.
The creation of this new infrastructure responds to the need to offer tailored solutions to owners of luxury yachts, who are looking for top-tier facilities and specialised services. According to Joan Rosselló, CEO of STP, "over the years we've received numerous requests for berths for yachts of this size, and with this expansion we'll finally be able to meet this demand".
The first phase of the works is already underway, focusing on the preparation of the new docking area and the installation of the infrastructure to guarantee end-to-end service for superyachts. This investment won't just allow STP to cement its leadership in the industry, but will also help Mallorca underpin its position as a global yachting benchmark.
In addition to expanding its berthing areas, STP has particularly focused on enhancing the operational efficiency of its facilities. The reorganisation of work areas will optimise processes and cut response times. The creation of a covered area for mast repairs, as well as the improvement of general infrastructure, will guarantee greater quality and speed in the services on offer.
Fully aware of the importance of sustainability, STP has integrated energy-efficient solutions into its expansion project. The installation of solar panels and energy storage systems will slash the yard's carbon footprint and help preserve the environment.
Not only will this ambitious investment benefit STP, but also the local economy as a whole. The creation of new jobs, the increase in economic activity and the stature of Mallorca as a first-class yachting destination are just some of the expected benefits. What's more, this expansion is expected to generate a substantial increase in the yard's annual turnover.
With this project, STP is underlining its commitment to excellence and innovation, while also confirming its reputation as a world leader in the yachting industry. The new berths will be operational by the end of 2024, while the rest of the works are scheduled for completion in spring 2025. Thanks to all this, STP is more than prepared to face future challenges and continue offering the highest quality services to its customers.
