20 August 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

It's crunch time...

With the show season, and then the Global Superyacht Forum, punctuating Q4, the last quarter of the year will be the busiest for the superyacht industry. SuperyachtNews.com takes a brief look back over the preceding months to assess what the industry shou More

The end of the line for the Rodriguez Group

The Rodriguez Group and its principal subsidiary, SNP Boat Service, have been placed in compulsory liquidation by France’s Tribunal de Commerce de Cannes. There is positive news for its two other subsidiaries, Camper and Nicholsons Internation More

Premier Marina's latest endeavour: Endeavour Quay

Marina Projects Ltd has sold Endeavour Quay, on the western shore of Portsmouth Harbour, to Premier Marinas Ltd. More

Marketing yachts in China

Chinese superyacht builder Pride Mega Yachts made headlines this month with the sale by Fraser Yachts of their in-build 88.8m Illusion, which will be the biggest yacht ever built in China on her 2015 launch. SuperyachtNews.com spoke with Director Itay More

business News Archive

Superyacht Intelligence Data

Most Recent Comments

  1. New Australian yard to build 84m tri-hull More
  2. New Med-based tender charter service More
  3. Tier III requirements shelved until 2021 More
  4. Mark Cornell leaves Edmiston More
  5. Ten years of talking in Code More
SuperyachtIntelligence.com - Quarterly White Paper Issue 1 2014. 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

metrica INTERIOR

metrica INTERIOR

Camper & Nicholsons Marinas Ltd

Camper & Nicholsons Marinas Ltd

YMCA Yachting Maritime Custom & Tax Assistance

YMCA Yachting Maritime Custom & Tax Assistance

Superyacht Tenders and Toys

Superyacht Tenders and Toys

Wally

Wally

ROYAL HUISMAN

ROYAL HUISMAN

Sunseeker International Ltd

Sunseeker International Ltd

Directory. Add your logo here with a premium listing.
 
 
 
 
 
 
 
 
 
 

Featured Listings

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

Water Treatment & Watermakers

Jets Vacuum AS
Jets Vacuum has for over 25 years been the leading innovator in vacuum sanitation technology. With over 9000 Jets systems in operation on all types of ships, Jets are known for high quality, flexible cost efficient solutions backed up by first class word wide service
www.jetsgroup.com

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

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/

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

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