The super yacht's value is unknown to those working on the repairs, but is believed to be owned by a European businessman.
Be Mine offers accommodation for up to eight guests in four suites comprising one owner cabin, one VIP cabin and two double cabins.
She is also capable of carrying up to seven crew on board to ensure a relaxed luxury yacht experience.
The vessel was custom-built in 1991 by Lurssen Yachts at their German base and the three decks are made from teak.
Mr Loynes said there was limited space in the refit shed at the moment.
"In fact our main refit shed is fully booked through until February 2018".
He claimed "our hard work that we are putting in" and "several successful refits carried out by Oceania Marine over recent years" accounted for the number of jobs they were getting for luxury craft.
Last September the $50 million yacht M5, with a mast 90m tall and 75m in length, docked at Port Nikau, temporarily closing all flights in and out of the airport at Onerahi. Oceania Marine helped staff on the vessel complete repair work.