The owners of New Harbor, Maine-based Pemaquid Marine celebrated the first year of new ownership by launching their first boat on the anniversary of their purchase of the yard.
The contract to build Indian Summer was awarded to Ted Derivan while he operated Transom Boat Works, a boatyard in Mahone Bay, Nova Scotia.
Construction began in a home shop as soon as he returned to the United States. The work moved to the Pemaquid Marine property once the purchase of the yard was finalized.
Indian Summer is a 27-foot Jochems schooner designed by Phil Bolger. The new owners live in Toronto.
This winter, Pemaquid Marine will build three new Banks Cove 22s and restore a 30-foot wooden motorsailer designed and built in 1939 by the Chaisson brothers in Swampscott, Mass. The yard also will do a number of service projects.