New York company sues Derecktor Shipyards - Trade Only Today

New York company sues Derecktor Shipyards

Author:
Publish date:

A Mississippi company's lien on a tugboat has Derecktor Shipyards in Bridgeport, Conn., facing another lawsuit.

New York-based McAllister Towing and Transportation filed suit against Derecktor on Nov. 22 in U.S. District Court in Hartford, seeking $18,809.03 for unpaid towing fees and damages related to disputed repair payments to a Mississippi company, which slapped a lien on McAllister's tugboat Iona, The News Times in Danbury, Conn., reported.

McAllister said in its filing that the Mississippi company, MMIF, placed the lien after Derecktor failed to reimburse MMIF for $55,796 in work MMIF did on the Iona. McAllister noted that the company paid Derecktor. The tug operator is asking for damages related to the MMIF claim against it, as well as legal fees.

Derecktor, a yacht and boat repair yard in Bridgeport that at one time employed more than 250 people, said it was temporarily shutting down its Connecticut operations this summer. But it still has several boats at its yard, and it is unclear whether any work is being done there.

Meanwhile, a day after the McAllister suit was filed, Cakewalk V Ltd. filed an amended complaint in its federal lawsuit against Derecktor, seeking $12 million for breach of contract after the court set new deadlines for filings in the case.

Derecktor has until Dec. 16 to file a motion to dismiss. A trial could be held in 2013.

Cakewalk's original claim was filed in August after Cakewalk said Derecktor was in breach of a contract brokered to get Derecktor out of bankruptcy.

Cakewalk V Ltd. hired Derecktor in 2006 to build the 281-foot-long yacht Cakewalk V. But Derecktor ran into financial problems and filed for bankruptcy in 2008. Cakewalk and Derecktor reached an agreement in which Cakewalk lent Derecktor money to get out of bankruptcy and finish the project. The yacht was delivered in 2010, but is now up for sale.

Click here for the full article.

Related

And the Wait for New Boats Goes On

Ninety-five percent of marine dealers say they waited at least a month to get new-boat orders filled in August, and 35 percent say they experienced lead times of more than three months.

Consumer confidence at record highs

The economic indicator that Navico CEO Leif Ottosson watches first and foremost is consumer confidence, and The Conference Board’s measure of the American consumer’s mood delivered good news to Navico and the rest of the recreational marine industry at the end of August.