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Wednesday, July 30, 2008

Shipyard Management: Derecktor Files for Bankruptcy

World largest sailing catamaran "Hemisphere" in construction
Derecktor - Van Peteghem Lauriot Prévost Arch.

In an official statement, Paul Derecktor, president of the yard, says, “The Company has been engaged in lengthy negotiations to resolve issues relating to one of its contracts. Unfortunately, the resolution of those issues were made impossible to achieve outside of the bankruptcy process.

According to Joseph Riccio Jr., executive director of the Bridgeport Port Authority, "there are some issues with the delivery of one vessel"

Derecktor Shipyards was established by Bob Derecktor in Mamaroneck in 1947 and is known worldwide as a builder of custom sailing and motor yachts, high-speed ferries, and innovative workboats.

Connecticut Post article

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