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.