Derecktor shipyard bankruptcy

derecktor shipyard bankruptcy

Derecktor, the yacht builder that has gone bankrupt twice in Connecticut, and now also in New York as its shipyard there seeks Chapter 11 protection, is finished in Bridgeport, according to a city. Derecktor Shipyards. 73 Years. And Building. It was when Bob Derecktor began with a simple plan and a small shop in Mamaroneck, NY. His goal: build boats the equal of any in the world, and do it without, the record says he and the yards he founded have done just that. Notable vessels Continue Reading. Certificate of Service Filed by James Berman on behalf of Derecktor Shipyards Conn., LLC Debtor, (RE: 20 Motion to Extend Deadline to File Schedules filed by Debtor Derecktor Shipyards Conn., LLC) (Berman, James) (Entered: 01/31/) Jan 31,

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Derecktor Shipyard's Cakewalk

Since opening its doors in , the company has delivered more than boats, including motor yachts, high-speed passenger ferries and workboats. Building for the Future While the contract dispute and court filing dominates the company's attention at the moment, it continues to work on projects in the pipeline and plan for the future, with a trio of new motor yacht designs being prepared for unveiling at the Monaco Yacht Show in September and facilities expansion in Bridgeport.

While details of the new yacht designs are tightly under wraps until September, John P. Gallagher, vice president of operations, was able to shed some light on the company's plans for the Bridgeport facility, saying that the company is looking forward to a bright future serving the needs of the large yacht and commercial sectors.

The Derecktor facility in Bridgeport was built just six years ago, and features many modern material processing machines and procedures. According to Gallagher, the company has a number of facility upgrades on the board, upgrades designed to make the process of building and outfitting luxury megayachts - side by side with commercial workboats — more efficient, cost-effective and to an ever increasing quality standard.

While the company is clearly focusing much of its current production and marketing efforts to the luxurious megayacht segment, it recently won a high-profile commercial contract to build, for the first time in its history, a pair of tugboats — measuring 39 and 30 m respectively — for Boston Towing. While the contract is unique to Derecktor and Gallagher concedes that challenges lie ahead, particularly in the handling of heavier pieces, he is confident in the yard's ability to fulfill the contract, saying "we have certainly built more complicated boats.

European lawmakers agreed on Tuesday to include international carbon emissions from the maritime sector in the EU carbon market…. Port states benefit greatly from the vessels that call at their ports, loading and unloading cargoes with great efficiency and speed.

Eastern Shipbuilding Group, Inc. The challenge for ship builders has always been creating enough slope for drainage and leveled interior floors, without the sacrifice of additional weight and imbalances within the hull. Hempaguard MaX offers an important step forward in efficiency as it provides a significantly lower average hull roughness.

Paul Derecktor said the company is working with Malloy administration officials on whether there's anything the state can do to help the company financially. The Department of Economic and Community Development confirmed staff met with the company last week. Maritime industry experts say U. Ian McCurdy said boat building in the U. The one area of demand growth has been in mega-yachts, like Cakewalk, he said. But global competition is fierce for these contracts. On the smaller ship contracts, he said, the wider use of fiberglass has contributed to the reduction in demand, he said; "Fiberglass doesn't rot.

Paul Derecktor confirmed the company's Mamaroneck Yard in New York, which is smaller, is holding its own in this market. Donald Frost , head of the maritime consulting firm D.

Frost and Associates , said there's not a lot of support for boat and ship building in the U. He said Northrop Grumman's unloading of Newport News yard is an example of how hard it is in the business. This year, Northrop spun off the shipbuilder as Huntington Ingalls Industries , giving each Northrop stockholder one share in Huntington, for every six they owned in Northrop. Caption Close. Image 1 of 5.

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