View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
July 30, 2009

DYT Plans Merger With Yacht Path International

Bermuda-based marine contractor Dockwise Yacht Transport (DYT) is planning to merge its operations with Yacht Path International to establish extra capacity capable of transporting any yacht to any destination around the world. The merger will widen the scope of services offered to s

By cms admin

Bermuda-based marine contractor Dockwise Yacht Transport (DYT) is planning to merge its operations with Yacht Path International to establish extra capacity capable of transporting any yacht to any destination around the world.

The merger will widen the scope of services offered to shipyards, brokers, charter companies and private owners, according to DYT.

DYT’s role in the agreement will involve supplying Float On/Float Off transportation for big yachts up to 200ft on its four submersible yacht carrier ships.

Yacht Path’s part in the merger includes Lift On/Lift Off transportation for up to 80ft small- and medium-sized yachts aboard ocean-going container and cargo vessels.

The merger will be achieved through DYT’s acquisition of Yacht Path’s total issued share capital. Consequently, Yacht Path’s stakeholders would obtain a $3m initial cash consideration.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology