Derecktor Chosen to Build and Operate First U.S. Mega Yacht Repair Yard

The St. Lucie Board of County Commissioners unanimously selected Derecktor Shipyards to create and operate a purpose-built megayacht repair and refit yard in the U.S.

The selection came after an extensive competition including RFQ (Request for Qualifications) submissions, two bidder interview sessions and numerous public meetings.

The yard will be located in Fort Pierce, Florida, and is planned to service yachts of more than 200 feet and 900 plus tons. Derecktor Fort Pierce, as the new yard will be known, will include a 1400-ton mobile hoist (along with a 3,500 ton or larger drydock) allowing the hauling and service of large sailing yachts. Once in full operation, Derecktor Fort Pierce will employ more than 200 people directly and hundreds more through subcontractors and suppliers. Derecktor has committed to a training program in cooperation with Indian River State College of Fort Pierce and intends to hire locally whenever possible. The company has also committed to relocating its headquarters to Fort Pierce. Negotiations for a mutually beneficial contract are underway with the county with an eye to getting the new yard up and running as soon as possible, although complete build-out will take several years.