USACE Approves Derecktor's Plan for New Megayacht Yard
Plans to convert the nearly 100-year-old Port of Fort Pierce into a full-service repair and refit facility for the global fleet of megayachts cleared a significant hurdle, Derecktor Shipyards announced.After 11 months of review, the engineering and plans for Derecktor Ft. Pierce’s new haul-out basin have been officially approved by the U.S. Army Corps of Engineers, paving way for construction to commence once the City of Fort Pierce Building Department gives its final approval.“Securing a permit from the U.S.
Shipyard files Chapter 11, but Derecktor Maintains its Course to Grow
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.
