Derecktor Shipyards has been chosen to develop and operate the Fort Pierce Megayacht Shipyard. The St. Lucie Board of County Commissioners chose Derecktor after a six-month review process that included two interview sessions and multiple public meetings.
“We are excited to be chosen by the County to create something special in Fort Pierce,” said Paul Derecktor, president of Derecktor Holdings, Inc. in a statement. “The process was very thorough and our team did a great job throughout.”
Derecktor Fort Pierce, as the new facility will be called, would be the first “purpose-built megayacht repair and refit yard” in the U.S., according to the statement. Derecktor plans to move its headquarters to Fort Pierce.
When the facility is complete, it will service yachts over 200 ft. and 900-plus tons. There is currently no U.S. facility specifically for refitting superyachts of this size. The yard will include a 1,400-ton mobile hoist, along with a 3,500 ton or larger drydock, for hauling and servicing large sailing yachts, which currently are restricted to European shipyards.
Derecktor Fort Pierce will employ more than 200 people directly and hundreds more through subcontractors and suppliers. Derecktor has committed to a training program with Indian River State College of Fort Pierce. The company has also committed to relocating its headquarters to Fort Pierce.
The company said negotiations for a “mutually beneficial contract” are under way with the county. Derecktor wants to make an operational facility “as soon as possible,” but said a complete build-out will take several years.
“We’re ready to start work on the site and bring boats in for dockside jobs as soon as an agreement is reached,” said Paul Derecktor.