The Fort Lauderdale-based Lucid Marine Group is launching a new venture to build superyachts in the U.S. Rusty Preston, formerly of Westport Yachts, and Jeffery Ferguson, former vice president of Christensen Yachts, recently joined Lucid with the goal of developing a new line of semi-custom megayachts. The company also created the Pangea Ship Company, a division that will focus on custom yachts 200? and larger, to be built at Oregon Iron Works? (OIW) Swan Island Shipyard in Portland. Lucid Marine President Barin Cardenas says the U.S. offers unique opportunities to address the world?s current backlog in very large yacht orders, with technical expertise that an attractive exchange rate makes more affordable to international buyers.
After multiple visits to shipyards in the U.S. and abroad, Barin and his partners selected OIW, an industrial shipyard with a commercial marine division, founded 1944. With 300,000 sq. feet of manufacturing space, deep water access and technical expertise that earned OIW contracts for the conversion of the space shuttle launch complex, foundations of the new San Francisco Bay Bridge, and demonstration craft for the U.S. Navy, Barin says the shipyard has a unique way of addressing complex manufacturing processes and a solid engineering expertise that will help make Pangea competitive. OIW manager, who see in this new venture an opportunity to diversify its activities, plan to hire specific staff to handle yacht projects. Barin says they also plan to bring in subcontractors for interiors, not unlike many other shipyards here and abroad, including in the superyacht building meccas of Holland and Germany. The newly formed company has already worked closely with Canada-based Greg Marshall on two projects, Barin says. Two very large yachts are currently under bid. The goal is to build one yacht within three years.