Work stops at Christensen

Mar 9, 2015 by Guest Writer

Vancouver-based yacht builder Christensen Shipyards ceased production operations in early February after struggling with an ownership restructure and financial conditions, according to news reports in The Columbian newspaper.

The latest financial hurdle came in mid-February when a supplier sued the yard over nearly $1 million in unpaid bills.

Other companies have made initial filings naming Christensen as a debtor, the newspaper reported. It was unclear what the status was of several yachts in the yard under construction. The newspaper quoted John Cochran, a Christensen project manager for M/Y Missing Link, as saying work will continue on that vessel.

 

Topics:


Related Articles

Subwing offers new watersport

Subwing of Kristiansand, Norway has introduced a new underwater watersport to be towed behind a motorized boat. Invented by Simon Sivertsenhe, the Subwing consists of two separate wings connected …

METS cancelled

METS cancelled

The Marine Equipment Trade Show, popularly known as METS, which was scheduled for Nov. 17-19 in the RAI Amsterdam in The Netherlands, has been cancelled. “Due to the consequences

Merle Wood sells two boats

Merle Wood & Associates has recently sold the 145-foot Cheoy Lee M/Y Summerwind and the 124-foot Hakvoort M/Y Perle Bleue. New to its central agency listings for sale include

AV firms Triton Technical, Great Circle Systems merge

Seattle-based Triton Technical and Great Circle Systems recently announced a plan to merge the companies’ business operations under the Triton Technical brand. The companies offer audio/visual, …

Write to be heard: Mr. Bartram one of ‘the greatest’

Mr. Bartram one of ‘the greatest’ Your obit on Joe Bartram is much appreciated for all the truths and visages you portrayed about Joe [“Iconic broker, yachtsman recalled as