In a move that immediately elevates San Diego’s status as a world-class repair destination for megayachts and large commercial vessels, Knight & Carver YachtCenter has announced that the marine firm has acquired a 4,000-ton dry dock for its refit and repair operations.
With the acquisition, financed by a locally-based investment group, Diligence & Company LLC, Knight & Carver will provide the largest lifting capacity for megayachts and commercial vessels on the West Coast, and one of the largest such lifts in the United States.
Knight & Carver will operate the dry dock under an exclusive, long-term lease arrangement with Diligence & Company LLC, along with investment partner Fraser’s Services, a San Diego-based boat repair firm.
Full dry-dock operations are expected to begin by August. Knight & Carver already has secured a commitment for a significant megayacht refit project scheduled for August.
Named “Diligence,” the dry dock brings a much-needed economic boost to South County’s industrial base, said Congressman Bob Filner (D-CA), who was instrumental in leading the approval process at the federal level.
“This is extremely positive and welcome economic news for San Diego’s marine industry,” said Rep. Filner, whose 51st Congressional District includes the South County cities of National City and Chula Vista. “Not only will Knight & Carver be able to significantly increase its maritime repair operations, the entire region will benefit from the dry dock’s continued operations on San Diego’s working waterfront.”
Knight & Carver estimates it will hire more than 100 additional workers over the next several months once the dry dock is under full operation.
The dry dock is able to accommodate vessels with a capacity of 4,000 tons, measuring up to 400 feet in length and 100 feet in width. It will be berthed at Knight & Carver’s docks, located on the southeast shores of San Diego Bay.
Most recently, “Diligence” lifted out the iconic San Diego-based sailing ship “Star of India” for an extensive, eight-week repair project that included structural repairs and refurbishing, as well as hull and body paintwork.
“This is a remarkable milestone in the long and productive history of our company,” said Michael O’Leary, President/Chief Executive Officer of Knight & Carver YachtCenter. “We are now able to attract the world’s largest megayachts to our facility as well as large commercial and military vessels. San Diego now ranks among the world’s best-equipped megayacht repairs centers.”