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Derecktor set to sign contract for yard in Ft. Pierce

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By Dorie Cox

Plans are nearing completion for Derecktor Shipyards to build and operate a megayacht repair facility in the Port of Fort Pierce in Florida.

“We’ve been doing due diligence and working through negotiations,” said James Brewer, business development with Derecktor of Florida by phone on April 5. He said the agreement is “completed in principle.”

“We hope to sign the contract on April 16 and then we’ll begin developing the shipyard,” he said.

Expectations are for the parent company, Derecktor Shipyards, to eventually move the corporate headquarters in Mamaroneck, New York to Fort Pierce, Brewer said.

“There will be no substantive changes to the Dania Beach facility, it is a subsidiary of Derecktor Holdings,” he said.

Dorie Cox is editor of The Triton. Comments are welcome below.

Click for more details from www.tcpalm.com

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About Dorie Cox

Dorie Cox is editor of The Triton.

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