Paul Derecktor News

Derecktor Shipyards announced on Thursday that Richard Steady will be joining the U.S. shipbuilding and repair company as chief operating officer.Steady has held many executive maritime positions prior to joining Derecktor. He began his career at Maritrans, the global shipping and transportation company, where he rose to the position of director of government and regulatory affairs. He also held key roles at marine construction and dredging operator Weeks Marine, where he was director of marine services…

Derecktor is a diverse boatbuilding organization, with a multitude of yards and long experience building  hundreds of yachts, workboats and military craft. Its shipyards today include:• Robert E. Derecktor: The company headquarters located 25 miles north of Manhattan in Mamaroneck, NY, and the original Derecktor yard. Today, the site remains as the company’s new construction base, and it also provides repair services for a variety of yachts and commercial craft.• Derecktor Robinhood: Located in Riggs Cove…

Earlier this week, after a nearly year-long process, the Ft. Pierce and St. Lucie County and Derecktor Shipyards signed a long-term agreement for the development and operation of a megayacht maintenance, repair and refit facility at the Port.According to Derecktor the new shipyard will be unique in the U.S. as it is reportedly the first facility designed and built specifically toaccommodate power and sailing yachts in the 200 ft. plus range.Derecktor Ft. Pierce (DFP), as the new yard will be known, changes that. It provides direct access from the Atlantic through Ft.

St. Lucie County Commissioners approved a 30-year contract with Derecktor Shipyards of Dania Beach to lease land from the county and operate a mega-yacht repair center and refit facility at the Port of Fort Pierce.After a nearly year-long process, the County and Derecktor Shipyards signed a long-term agreement for the development and operation of a megayacht maintenance, repair and refit facility at the Port."The new shipyard will be unique in the U.S. – the first facility designed and built specifically to accommodate power and sailing yachts in the 200 ft. plus range. Until now, these large yachts, particularly sailing vessels which require extreme overhead clearance and considerable water depth, have had few or no shipyard options in this country," said a press release.Derecktor Ft.

Robert E. Derecktor, Inc., is pleased to announce its selection to build a new 19.2-meter catamaran research and classroom vessel for The Maritime Aquarium at Norwalk (CT). The Maritime Aquarium has been providing student and public research voyages in the protected waters of Long Island Sound since 1988. The new Incat Crowther-designed all-aluminum vessel will carry up to 65 students with a crew of 5. The safety of the students is of paramount importance to the vessel's design and construction. The vessel will be fully ADA compliant and meet all current USCG Subchapter T requirements.

The Department of Economic and Community Development Commissioner Joan McDonald shook off her champagne soaked hands and flashed a big smile after she smashed a champagne bottle on her first try to christen the "Robert E. McDonald had the honor of christening the Robert E. Derecktor, the newly recommissioned dry dock at Derecktor Shipyards. The dry dock will allow the Bridgeport boat yard to repair and build larger ships. “The partnership between Derecktor Shipyards and the state has been a fruitful one and one we hope will continue for years to come,” said Joan McDonald. “Derecktor is a brand known round the world, and we’re proud to support its growth.

Derecktor Shipyards Conn., LLC last month filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. The company said the filing was the result of a single contract dispute, and that it is still busy and fully staffed, working on several newbuild projects, including a contract to build a massive 85.6-m motor yacht, a 45-m catamaran and a pair of tugboats for Boston Towing and Transport. In addition, the Derecktor yard in Connecticut has a building slot open starting September 2008, as well as a build slot available for delivery at the end of 2011/beginning of 2012. "The company has been engaged in lengthy negotiations to resolve issues relating to one of its contracts," said Paul Derecktor, president.

On July 18, 2008, Derecktor Shipyards Conn., LLC announced that the company filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. The company said that it intends to maintain all normal business operations throughout the bankruptcy process. Its decision to file bankruptcy was a result of several factors, most notably issues relating to a contractual dispute. “The company has been engaged in lengthy negotiations to resolve issues relating to one of its contracts,” said Paul Derecktor, president of the company. Mr. Derecktor continued, “The action we have taken is a necessary step to preserve the company’s value for its creditors, customers, employees and other stakeholders as we work towards the future success of the company.

Paul Derecktor, Alaska Governor Tony Knowles, State Department of Transportation Commissioner Joe Perkins and several Alaska State Officials were in attendance last week at the State Capitol in Juno, for the signature of the contract that entrusts Derecktor Shipyards with the construction of two new high-speed ferries for the Alaska Marine Highway System. This contract will be the first time a U.S. yard builds passenger-vehicle high-speed ferries. Until now the domain of overseas shipbuilders, the passenger-vehicle high-speed ferries have proven their worth in many countries around the world. The Jones Act requires that these boats servicing U.S. waters be built in the US.