Westport Shipyard sold, no changes anticipated

By Joseph R. Fonseca
Saturday, June 07, 2014
Westport Launch

 

Representatives of Westport Shipyard, Inc. (Westport, WA), the largest yacht builder in North America, announced today that the company’s assets have been acquired by Westport, LLC, an ownership group that includes members of the Louisiana-based Chouest family. 

Celebrating 50 years of business in 2014, Westport maintains three locations in Washington state, as well as a marina and sales office in Ft. Lauderdale, FL.  Employing over 400 skilled employees, Westport has completed more than 120 yachts since 2000.  And one of those customers was Gary Chouest.

“Gary has always been passionate about our industry, and we are honored to count him as a customer, and now our majority owner, as well,” said Daryl Wakefield, Westport’s president, who will remain in that position, along with General Manager Dave Hagiwara, and the rest of Westport’s management team and employees.

The Chouest family of companies includes substantial holdings in its primary business in the oil and gas marine transportation industry worldwide, and also the successful Stuart, FL-based American Custom Yachts (ACY).  Since 1994, ACY has maintained a 63-acre facility accommodating the design and construction of world-famous custom sportsfishermen, as well as a host of other affiliated companies.

“Similar to the history of the Chouest family business, Westport began five decades ago with a fishing fleet, and has diversified into many other core businesses, focusing on customer satisfaction and the pursuit of excellence,” said Gary Chouest. 

“We are pleased to join the Westport family, and look forward to pursuing the synergies that exist between the Chouest companies, ACY, and Westport.   We will continue to pursue the employment of skilled local workers, and will remain an active participant in the communities Westport serves,” Chouest added.

Also similar to the Chouest business model, Westport maintains its own in-house vessel design and development team.  Their composite-built yachts perform to a known standard, delivering exceptional speed, range and handling characteristics.

“The Westport family is excited about joining forces with the Chouest family, but we also must acknowledge the wonderful contributions of Mr. John Orin Edson, our majority shareholder since 1997,” Wakefield noted.
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

BHGI-designed ATB Unit Under Construction

Bristol Harbor Group, Inc. (BHGI) informs it is currently completing the detail design phase of a 399’ x 74’ x 30’ 80,000 BBL double hull oil tank barge and a 120’

Scorpio Bulkers Sells Three Newbuilds for $111m

Scorpio Bulkers Inc. announced that it has entered into agreements to sell three newbuild dry bulk vessels, including two Capesize ships and an Ultramax ship, for

Horizon Delivers Second 80’ Towboat to FMT

Horizon Shipbuilding, Inc. announced the delivery of another 80’ Inland River Towboat, the M/V Chip Stiebing, to Florida Marine Transporters (FMT) of Mandeville, La.

Finance

Milaha Reports Improved Net Profit for Q1

Qatar Navigation (Milaha) Q.S.C. has announced its financial results for the three months ended March 31, 2015, in which it reported operating revenues of QR 786 million vs.

SFL Acquires Eight Bulk Carriers from Golden Ocean

Ship Finance International Limited (SFL) has entered an agreement to acquire eight Capesize dry-bulk carriers from subsidiaries of Golden Ocean Group Limited, the company announced today.

Truckers to Strike Four SoCal Shippers

Truckers who haul freight from the ports of Los Angeles and Long Beach will go on strike against four ground-shipment companies on Monday, a Teamsters union official said,

News

AAPA Elects Quinn as Chairman of the Board

The American Association of Port Authorities (AAPA) elected Jim Quinn, president and CEO of New Brunswick, Canada’s Port Saint John, to serve as the international

BHGI-designed ATB Unit Under Construction

Bristol Harbor Group, Inc. (BHGI) informs it is currently completing the detail design phase of a 399’ x 74’ x 30’ 80,000 BBL double hull oil tank barge and a 120’

Scorpio Bulkers Sells Three Newbuilds for $111m

Scorpio Bulkers Inc. announced that it has entered into agreements to sell three newbuild dry bulk vessels, including two Capesize ships and an Ultramax ship, for

Barges

BHGI-designed ATB Unit Under Construction

Bristol Harbor Group, Inc. (BHGI) informs it is currently completing the detail design phase of a 399’ x 74’ x 30’ 80,000 BBL double hull oil tank barge and a 120’

Ingram Barge’s Sehrt Elected AWO Chairman

The members of the American Waterways Operators (AWO), the national trade association representing the tugboat, towboat and barge industry, elected a new slate

Seattle to Host Spill Preparedness Conference

The U.S. Coast Guard and Washington Department of Ecology will host a spill preparedness conference May 20-21 at the Jackson Federal Building in Seattle.   The

Yachts

Grounding Kills 1, Injures 2 in Charleston Harbor

One person was killed and two people were injured when a boat ran aground on Shutes Folly off Charleston, South Carolina, late Thursday evening, the U.S. Coast Guard reported.

‘Row around Singapore Island’ Takes off today

The epic endurance challenge that will see 32 volunteers rowing 140km non-stop around Singapore is starting in less than 24 hours. The project has raised a staggering $450,

NOAA’s National Saltwater Recreational Fishing Policy Opposed

Recently, NOAA Fisheries released the implementation plan to support the latest National Saltwater Recreational Fishing Policy. The policy, announced at the

Mergers & Acquisitions

PSA Commissions new Dammam Terminal

Saudi Global Ports LLC (SGP), a joint-venture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and PSA International (PSA)

Golden Ocean Reshuffles Fleet, Delays Newbuilds

Golden Ocean Group Limited has entered into several agreements concerning its fleet. Golden Ocean has agreed with Ship Finance International Ltd ("Ship Finance")

5th Floating Accommodation for Lerwick

A further accommodation ship, Ocean Atlantic, is due at Lerwick on Monday 27 April 2015 and is on its way from Portland in Dorset. As with the other floating accommodation at the port,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2237 sec (4 req/sec)