José Mª Campuzano, CEO of STP Shipyard Palma received the Minister of Industry, Commerce and Tourism, Reyes Maroto, at the shipyard facilities, together with the President of the Balearic Islands, Francina Armengol, the Vice President of the Balearic Islands, Juan Perdo Yllanes , the general director of Industrial Policy, Antoni Morro and the president of the Balearic Port Authority, Francesc Antich, who showed interest in knowing one of the most important shipyards in Europe and one of the main players in the Balearic nautical industry, given the importance of its activity for the islands where more than 3,000 direct and indirect jobs are generated, and it represents an economic injection of more than 560 million euros per year.

The Minister was able to verify, together with the President, Francina Armengol, the magnitude of the facilities and the intense activity that takes place within them, showing a very keen interest in the details and what this sector contributes in economic and tourist terms.

The relevance of the nautical industrial sector was clearly demonstrated with the visit and made clear the need for a reorganization and expansion of the work areas to respond to the increasing demand related to this industry. Said action would suppose an important and complementary economic reinforcement to the tourist activity of the Balearic Islands and to the seasonal adjustment of the same.

José Mª Campuzano presented the open shipyard model to the Minister of Industry, Commerce and Tourism, a formula that has made STP Shipyard Palma the Mediterranean hub for the repair of large yachts, both motoryachts and sailyachts. The shipyard has become an international benchmark for its management, which allows national and international repair companies to work on yachts, directly and indirectly generating more than 3,000 jobs.

This management model and the free competition within the shipyard have led to the creation of a very high level of specialization of the contractors who work within the facilities, giving the captains freedom to choose the contractors with which they want to carry out each repair work, they manage to carry out their complete refit in better economic and timing conditions, improving the efficiency of their work.

STP Shipyard Palma stands out for its evolve and adapt capacity to the new needs that emerge in the sector. A clear example was the acquisition of a travelift with a 1000 ton lifting capacity to accommodate higher tonnage vessels that had a problem to find a space to carry out their refit work while stranded. In this sense, every year STP sees an increase in the number of requests from yachts that want to carry out their work in the shipyard and that is why increasing the esplanade space is essential for the activity of the entire nautical industry, directly impacting both economically and labour and continue to be the reference centre for refit in the Mediterranean. With this premise, STP continues to work to adapt to its clients and offer a highly qualified space for yacht repair.