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M/Y Anodyne refit at a standstill at Derecktor

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By Lucy Chabot Reed

Work on M/Y Anodyne — a massive refit of a small-ish yacht designed to make it bigger — was halted on Aug. 13. Rumors have swirled around Fort Lauderdale and through the broader yachting community about why. No one involved in the refit at Derecktor shipyard in Dania Beach, Florida, would discuss the project, even before things stopped this summer.

But since December, emails and chat forums have been abuzz with allegations of bribes, kickbacks and inappropriate behavior that litter a lawsuit involving Anodyne, its primary metal fabricator Southern Yacht Industries, and its project manager Parker Stockdale. 

M.V. Anodyne LLC, a Nevada company that owns the vessel, is the defendant in a lawsuit filed in October in which Southern Yacht Industries sued for its outstanding bills of more than $1.8 million. Anodyne countersued in November, alleging financial improprieties by the company; its owner, Jerry Goss; and Stockdale throughout the four-year project. In responding to the allegations in a December filing, Goss and Southern denied any wrongdoing. Their attorney, William Salim of Moskowitz, Mandell, Salim & Simowitz in Fort Lauderdale, declined to comment. 

The vessel began life as M/Y Boundless, a 98-foot steel Inace built in Brazil in 2010. Its new owner funded a refit to cut the hull in half and extend the yacht to 110 feet, customizing her along the way. Known as Project Anodyne, the project began at Rolly Marine on the New River in Fort Lauderdale, but was barged to Derecktor on the Dania Cut-off Canal four years ago for the rebuild.

The yachting industry turned out for a Young Professionals in Yachting event in April 2016 to hear about the project, which had recently moved to Derecktor shipyard.
Photo by Dorie Cox

At the start of the project, the extensive rebuild was expected to cost $25 million and be completed in 2017.

According to the lawsuit, payments to Southern Yacht Industries alone exceeded $60 million, and the project was not complete at the time it was halted in August.

At least one other lawsuit has been filed: a dispute over procedures for arbitration between Anodyne and its naval architect, Horizon Naval Architects.

Lucy Chabot Reed is publisher and founding editor of The Triton. Comments are welcome below.

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About Lucy Chabot Reed

Lucy Chabot Reed is publisher and founding editor of The Triton.

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6 thoughts on “M/Y Anodyne refit at a standstill at Derecktor

  1. Martin Secot

    They could go buy a 161′ yacht for 13 million and they went into the refit knowing they would pay 25 mil for a 110′ yacht. SHADY!!

  2. Joe Killian

    The project on a 110′ refit and extension of an old yacht has run up to 60 million dollars? That may be a record for Fort Lauderdale … the entire world of yachting perhaps. It’s apparently true that there is no honor among thieves.

  3. Erik H Goodwin

    This has been a joke from the beginning. How it could go on for so long before being shut down is beyond me. Rich and smart do not necessarily go together. Word is, the final straw was the engines they had for it would not fit after all the work they did.

  4. CD

    anyone who plans to pay 25 Million to extend a steel Brazilian built vessel by 12 ft at best are very poorly advised, anyone who expects to justify 60 mil for the same job are definitely going to need excellent legal representation……

  5. Sallie

    No one really knows what happens behind the scenes. Certainly not the press. There are always two sides to the stories you read in the papers. The project ran over because the owner continued to change his mind after the fact. He also wanted the best of the best which came at a very high price. These were all the owner’s instructions. That set the project back several months if not years and the added cost began to mount. The owners and his lawyers (getting richer by the minute!) filed suit because SYI wanted their invoices paid so they could pay their 120 employees that are let go in one day.
    So who’s gonna win? The lawyers. Nothing more can come from this but unfounded character assassination and bankruptcy for the very people who loved Miss Anodyne and worked to make her seaworthy.

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