Derecktor Shipyards to Shut Down Bridgeport Facility
October 6, 2011
Hartford Courant: Derecktor Shipyards Connecticut — once the hope for expanding the state’s commercial shipbuilding industry — is in deep trouble, temporarily closing its operation on Bridgeport Harbor less than a year after delivering the largest yacht ever built in the United States.
Bridgeport city officials said that Derecktor, which leased the shipyard from the city’s port authority in 2001, is not taking on new projects and has told the city that it is pursuing plans to reposition the company to make it profitable. Workers losing their jobs at the shipyard said they have been told that the shutdown could last at least two or three months, with the economic downturn to blame.