Since its inception, Porto Montenegro has developed into one of the most intriguing superyacht destinations. The Adriatic and Eastern Mediterranean have subsequently cemented themselves in the yachting calendar as a less travelled and, therefore, more rewarding cruising ground, with Porto Montenegro offering a high-standard marina and over-wintering option.

The missing piece to the infrastructure puzzle was a refit facility that could complement the cruising and berthing capabilities. After many years of development, Adriatic42 – a joint venture company between PM Holdings LLC, an Investment Corporation of Dubai (ICD) company, and Drydocks World Dubai, a DP World company – has officially been launched.

The announcement marks the beginning of significantly enhanced operations at the facility in Bijela, Herceg Novi, Montenegro. Black Pearl, the world’s largest sailing yacht, became the first boat to dock in Adriatic42’s superyacht yard for its ongoing refit.

The government of Montenegro granted a 30-year concession for the former Bijela shipyard, located in one of the safest natural harbours in the world, and under Adriatic42’s stewardship, the shipyard is undergoing a comprehensive redesign, transforming it into a premium superyacht refit and maintenance facility.

The launch, in late October, was attended by…