Owner wants to sell 281-foot megayacht - Trade Only Today

Owner wants to sell 281-foot megayacht

Author:
Publish date:

Looking for a new yacht? Cakewalk V, a 281-foot megayacht, is for sale.

Built by Derecktor Shipyards in Bridgeport, Conn., the yacht took to the water for the first time last October. It can be yours for $215 million, the Hartford Courant reports.

Charles Gallagher, a Denver private equity investor, took possession of the vessel only last fall after four years of monitoring its construction and visiting the Bridgeport shipyard many times, the Courant reports.

Cakewalk appears to be in the western Mediterranean, based on the online sales materials, but even that information is guarded in the tight-lipped yacht industry. Gallagher could not be reached for comment, and Alev Karagulle, a spokeswoman for Burgess in London, said in an e-mail that the firm is not “at liberty to divulge private information on the yachts in our fleet,” the newspaper said.

Cakewalk is the longest yacht built in the United States since a Maine shipyard delivered the Corsair IV, a 343-foot vessel, to J.P. Morgan Jr. in 1930.

Click here for the full article.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.