Dockwise sells yacht transport company

BREDA, Netherlands – Dockwise Ltd., owner of Dockwise Yacht Transport, announced today that it has signed a letter of intent to sell the wholly-owned subsidiary to Coby Enterprises Corp. The transaction will be a cash deal and the figures will be announced following the close of the deal, which is conditional upon market customary conditions.

Dockwise Yacht Transport is operated independently from Dockwise, and the company said in a statement that there is no significant overlap in customers or synergy with the remaining Dockwise fleet. Following the transaction, Dockwise will focus solely on its core heavy marine transport, transport and installation, and logistical management activities.

“DYT played a significant role in the origins of Dockwise, being the product of the merger between Dock Express and Wijsmuller, but with the evolution of our business it is no longer a strategic asset,” said Dockwise Chief Executive Andre Goedee in a statement.

Coby Enterprises, the New York company set to purchase DYT, provides marine solutions, transportation and logistics in the domestic and international markets. “We are excited to get involved in this dynamic and interesting niche in marine transportation,” said Coby CEO Steven Byle in a statement.

He added, ”DYT clients can look forward to uninterrupted service in the short term, and improved and expanded services as we go forward. The DYT team and vessels crews will stay in place, and there will be no change in routes or schedules. Moving toward the future, however, our plans include an immediate program for renewal and upgrade of the yacht carrier fleet. And we further intend to add new routes and services for our clients in the years to come.”
Source: BoatingIndustry