Derecktor Shipyards CT Files for Chapter 11 - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > General Interest > General Discussion (sailing related)
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #1  
Old 01-23-2012
SOUNDBOUNDER's Avatar
Senior Member
 
Join Date: Dec 2008
Location: Long Island Sound
Posts: 747
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 6
SOUNDBOUNDER is on a distinguished road
Derecktor Shipyards CT Files for Chapter 11

Derecktor Shipyards Conn. LLC, based in Bridgeport, Connecticut, has announced that it is seeking protection under the Chapter 11 bankruptcy and reorganization laws.

A depressed economy, the cash drain of investment made in building out the Bridgeport facility, and a recent lack of new construction opportunities, have put a tremendous strain on the company’s finances, according a company press release issued January 21.



Derecktor Shipyards Files for Chapter 11 | BoatingLocal.com


https://www.facebook.com/pages/Derec...8755257?ref=ts
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Last edited by SOUNDBOUNDER; 01-23-2012 at 11:49 AM.
Reply With Quote Share with Facebook
  #2  
Old 01-23-2012
mstern's Avatar
Senior Member
 
Join Date: May 2002
Posts: 675
Thanks: 8
Thanked 7 Times in 6 Posts
Rep Power: 13
mstern is on a distinguished road
Sad, but not surprising. Wasn't the current incarnation of this company formed when Derecktor went bust a few years ago? If I recall, the new Derecktor bought all of the assets of the old Derecktor at firesale prices; it was mostly the same management and workers, just with a new corporate face. If they couldn't make a go of it then, it shouldn't be too surprising that this version of the company had the same problems. It seems that their one huge project (Cakewalk?) staved off bankruptcy for only so long.
Reply With Quote Share with Facebook
  #3  
Old 01-23-2012
Senior Member
 
Join Date: Jul 2008
Location: Yorktown Hts NY
Posts: 268
Thanks: 4
Thanked 0 Times in 0 Posts
Rep Power: 7
jppp is on a distinguished road
Milton School in Rye 1968. After school one day Bobby Derecktor asked Chris C. and I to help him take his mom's boat "the Goose" from their house on the Point around to the yard in Mamroneck. It needed some work I believe. It was an uneventful trip of about 1 hour. We motored most or all of the way. Details have become sketchy. I remember The Goose was a 20-25 foot open daysailor. None of this story is remarkable except that we were all in fifth grade at the time. I was 9, they were 10. My kids played with Polly Pockets at that age.
__________________
'79 Camper & Nicholson 303, Blow'd up labor day
Sunfish just fine
Dyer Dow, crushed in Hurricane Sandy
Angler 204 Cuddy-, Crushed in Hurricane Sandy
Yes all true, No wonder no one will go on the water with me.
Reply With Quote Share with Facebook
  #4  
Old 01-24-2012
SOUNDBOUNDER's Avatar
Senior Member
 
Join Date: Dec 2008
Location: Long Island Sound
Posts: 747
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 6
SOUNDBOUNDER is on a distinguished road
Quote:
Originally Posted by mstern View Post
Sad, but not surprising. Wasn't the current incarnation of this company formed when Derecktor went bust a few years ago? If I recall, the new Derecktor bought all of the assets of the old Derecktor at firesale prices; it was mostly the same management and workers, just with a new corporate face. If they couldn't make a go of it then, it shouldn't be too surprising that this version of the company had the same problems. It seems that their one huge project (Cakewalk?) staved off bankruptcy for only so long.
IIRC the Bridgeport yard has been in Chapter 11 numerous times in the past decade. There have been numerous lawsuits too.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #5  
Old 01-25-2012
SloopJonB's Avatar
Senior Moment Member
 
Join Date: Jun 2011
Location: West Vancouver B.C.
Posts: 10,616
Thanks: 56
Thanked 48 Times in 45 Posts
Rep Power: 4
SloopJonB will become famous soon enough
Sad - another great old name going down. I wonder what would have happened if they had stuck with the original yard and hadn't opened in Florida etc.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
I, myself, personally intend to continue being outspoken and opinionated, intolerant of all fanatics, fools and ignoramuses, deeply suspicious of all those who have "found the answer" and on my bad days, downright rude.
Reply With Quote Share with Facebook
  #6  
Old 01-25-2012
Water Lover
 
Join Date: Aug 2010
Location: New Mexico, USA (Heron, Elephant Butte lakes); Arizona (Lake Pleasant)
Posts: 684
Thanks: 3
Thanked 11 Times in 11 Posts
Rep Power: 4
rgscpat is on a distinguished road
How healthy are the other yards?
Reply With Quote Share with Facebook
  #7  
Old 01-25-2012
SloopJonB's Avatar
Senior Moment Member
 
Join Date: Jun 2011
Location: West Vancouver B.C.
Posts: 10,616
Thanks: 56
Thanked 48 Times in 45 Posts
Rep Power: 4
SloopJonB will become famous soon enough
Quote:
Originally Posted by rgscpat View Post
How healthy are the other yards?
I read it as the umbrella company - Derecktor ShipyardS LLC - that would indicate all of them.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
I, myself, personally intend to continue being outspoken and opinionated, intolerant of all fanatics, fools and ignoramuses, deeply suspicious of all those who have "found the answer" and on my bad days, downright rude.
Reply With Quote Share with Facebook
  #8  
Old 01-25-2012
SOUNDBOUNDER's Avatar
Senior Member
 
Join Date: Dec 2008
Location: Long Island Sound
Posts: 747
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 6
SOUNDBOUNDER is on a distinguished road
Quote:
Originally Posted by rgscpat View Post
How healthy are the other yards?
According to their press release:

Separately, Robert E. Derecktor, Inc. and Derecktor of Florida, Inc. are completely unaffected by the events in Bridgeport.

Robert E. Derecktor, Inc., located in Mamaroneck, NY, is currently working on approximately 40 boats in for winter storage, and has several yacht and commercial re-fit projects underway. Personnel are also engaged in off-site millwork projects and the outfitting of Presto series sailboats. The Mamaroneck yard continues to offer the same custom new construction skill-sets for which it has become famous.

Derecktor of Florida, located in Dania Beach, FL, has had very strong growth in yacht repair and re-fit revenues in 2011, up almost 30% over the prior year. Building on this momentum, the company is investing in a major upgrade of itís hauling/transfer capabilities and electrical infrastructure in 2012. The yard remains dedicated to providing outstanding service and refit offerings to the global mega-yacht community.


Interpret that any way you want
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #9  
Old 01-25-2012
SloopJonB's Avatar
Senior Moment Member
 
Join Date: Jun 2011
Location: West Vancouver B.C.
Posts: 10,616
Thanks: 56
Thanked 48 Times in 45 Posts
Rep Power: 4
SloopJonB will become famous soon enough
Quote:
Originally Posted by SOUNDBOUNDER View Post
According to their press release:

Separately, Robert E. Derecktor, Inc. and Derecktor of Florida, Inc. are completely unaffected by the events in Bridgeport.

Robert E. Derecktor, Inc., located in Mamaroneck, NY, is currently working on approximately 40 boats in for winter storage, and has several yacht and commercial re-fit projects underway. Personnel are also engaged in off-site millwork projects and the outfitting of Presto series sailboats. The Mamaroneck yard continues to offer the same custom new construction skill-sets for which it has become famous.

Derecktor of Florida, located in Dania Beach, FL, has had very strong growth in yacht repair and re-fit revenues in 2011, up almost 30% over the prior year. Building on this momentum, the company is investing in a major upgrade of itís hauling/transfer capabilities and electrical infrastructure in 2012. The yard remains dedicated to providing outstanding service and refit offerings to the global mega-yacht community.


Interpret that any way you want
That's good news. The Mamaroneck yard produced a lot of famous boats.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
I, myself, personally intend to continue being outspoken and opinionated, intolerant of all fanatics, fools and ignoramuses, deeply suspicious of all those who have "found the answer" and on my bad days, downright rude.
Reply With Quote Share with Facebook
  #10  
Old 03-01-2012
SOUNDBOUNDER's Avatar
Senior Member
 
Join Date: Dec 2008
Location: Long Island Sound
Posts: 747
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 6
SOUNDBOUNDER is on a distinguished road
Now it sounds like the Mamaroneck yard is in trouble:

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 official.
Evicted from its facility, a $1.77 million lien on its equipment, and on Monday the Mamaroneck, N.Y.-based company's shipyard joined Derecktor Connecticut in bankruptcy, leaving Bridgeport's top development official with no doubt about the yacht-maker's future here.



Read more: Derecktor's financial problems hit New York - Connecticut Post
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
USPS-Which Chapter to join in MD? T37Chef Chesapeake Bay 0 12-23-2009 11:39 AM
Pacific Seacraft Files Chapter 11 Bankruptcy - The Log Newspaper NewsReader News Feeds 0 05-31-2007 04:15 PM
Turkish shipyards revived (Kathimerini) NewsReader News Feeds 0 08-16-2006 04:15 AM
shipyards tauras General Discussion (sailing related) 0 03-22-2004 02:55 PM
Delaminated Rudder Chapter II Irwin32 Gear & Maintenance 3 10-27-2002 01:46 PM


All times are GMT -4. The time now is 12:13 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.