25 October 2014
SuperyachtNews.com News brought to you by Master Yachts
21 Nov 2012

Knight and Carver hopeful of company buyout

By | Other articles by this author

Knight and Carver, the San Diego-based refit and repair shipyard that filed for Chapter 11 bankruptcy in the Spring, could be close to securing the investment it requires as part of the Chapter 11 terms.

Speaking to SuperyachtNews.com Knight and Carver’s Giovanni Lococo remained tight-lipped about developments but he did acknowledge that progress had been made and that “ongoing negotiations” had allowed the yard to continue with its operations.

“We’re running a positive cash sheet and we have interested parties…we have a number of projects scheduled for the winter but none of these are superyachts at this time.”

One of the rumoured parties is New York-based ship repair company Amertech Industries. SuperyachtNews.com spoke to Amertech’s Steve Dileo, who confirmed that the company had lodged a bid:

“We’re making a bid for it but we don’t know whether we’ll be successful. There will definitely be [an outcome] before the end of the calendar year.

“We’re a shipyard operator and we’ve owned and operated shipyards down the east coast that deal with naval and commercial vessels. [Superyacht refit] is not of primary interest to us but it is of interest; we view it as 40 per cent of what the total [Knight and Carver] business is worth.”

Dileo also added that the West Coast offered an attractive new proposition for Amertech’s portfolio.


In Summer 2010 Knight and Carver acquired a 400 ton dry dock.

Related Links

Knight and Carver Website

Amertech Industries Website

Comments

Add a comment

1800 character limit

Having problems? Let us know editor@superyachtnews.com

Other Business News

Tackling VAT in the Balearics

Following an informative and well-attended meeting hosted by Network Marine Consultants in Palma regarding the status of non-EU flagged yachts in the Balearics, SuperyachtNews.com speaks to Patricia Bullock about the main issues raised during the pr More

Alewijnse Marine Systems opens superyacht refit and services at La Ciotat

System integrator, Alewijnse Marine Systems has signed a contract which will establish a refit and service department at La Ciotat, Chantier Naval... More

Pepón García-Nogués passes away

Pepón García-Nogué, who was instrumental in establishing Marina Barcelona 92 as a force in the European refit sector, has passed away at the age of 56. More

Potential Sunseeker cuts part of 'sustainability' drive

Speaking to SuperyachtNews.com, Sunseeker's group executive director Sunny Thakrar explained that, while not set in stone, any jobs cuts would be in line with a strategic review that has highlighted the need for a 'sustainable' business model. More

business News Archive

Superyacht Intelligence Data

Most Recent Comments

  1. Victor Muller: Preserving yachts by building value More
  2. RMI hones in on helideck safety More
  3. Bond Technology Mastermind at Monaco Yacht Show More
  4. Playing the waiting game in Spain More
  5. Captain contacts SYN to reveal crew are not being paid More
SuperyachtNews app available now. Click here to download.
Tailor a subscription package to suit your needs
Latest issue
Latest issue

E-Newsletter

Get regular updates from SuperyachtNews with our weekly Email Newsletter.

Submit

SuperyachtIndex.com

Latest Premium Listings

MOORES ROWLAND

MOORES ROWLAND

LIST GENERAL CONTRACTOR GmbH

LIST GENERAL CONTRACTOR GmbH

Wards Marine Electric

Wards Marine Electric

MVMSYSTEM Limited

MVMSYSTEM Limited

Viking Recruitment

Viking Recruitment

Marina Port Vell S.A.U.

Marina Port Vell S.A.U.

Rybovich Superyacht Marina and Refit

Rybovich Superyacht Marina and Refit

Directory. Add your logo here with a premium listing.
 
 
 
 
 
 
 
 
 
 

Featured Listings

Consultants, Project Management

Marine Management
We specialize in quality project mgmt and consultancy services to the Superyacht industry. Our extensive commercial experience ensures qualified over-sight of your vessels refit, build or upgrade. We attend vessels worldwide, providing owners onsite technical representation, and supervision of projects with no margin added on contracted services.
www.mml.org.nz

Administration Services, Banking, Fiscal & Finance, Classification & Registration

Register A Yacht.com
We have combined the expertise of a dedicated team focused on meeting the needs of yacht owners together with Sovereign's 25-years of experience of corporate management and financial services
www.registerayacht.com/

Shore Power Convertors

ASEA POWER SYSTEMS
ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.
www.aseapower.com

Rigging

Reckmann Yacht Equipment GmbH
Reckmann Yacht Equipment GmbH is a specialist company for reefing systems, masts and hydraulics and will celebrate the 120th anniversary in 2012. Today, the company is one of the leading producers and traders of headsail reefing equipment and is a synonym for quality, continuity and innovation.
www.reckmann.com

Interior Fittings, Water Treatment & Watermakers

Evac Oy
Evac designs, manufactures and markets environmentally friendly vacuum toilet and wastewater treatment systems for the yacht and shipbuilding industry. With the latest advanced technical innovations we provide quality, reliability and design.
www.evac.com

Navigation

Raytheon Anschuetz
Professional Integrated Navigation Systems based on cutting-edge technology and decades of experience. Ultimate knowledge and flexibility in system integration. Dedicated customer care throughout the whole project and beyond. Raytheon Anschutz your partner for individual bridge system solutions.
yacht.raytheon-anschuetz.com/

Add your company listing here

Add a featured listing here and your advert will appear on every page of SuperyachtNews.com, SuperyachtIntelligence.com, SuperyachtIndex.com, TheCrewReport.com and SuperyachtJobs.com.

Add my company listing