Dockwise Ltd is to sell its wholly-owned superyacht transport subsidiary, Dockwise Yacht Transport (DYT) through a management buyout scheme that is supported by private equity and Coby Enterprises Corp.
Dockwise a heavy lift shipping specialist will now focus solely on the Oil & Gas Industry as a dedicated provider of transportation and installation services.
The announcement will allow the existing management, under the direction of its President Clemens Van der Werf, to focus exclusively on this task and to reallocate capital to supporting the development of our world-leading business.
Coby Enterprises Inc. is a marine transportation and logistics company providing services in domestic and international markets. The Company intends to provide maritime services to the highly evolved and modernised yacht transport business.
The DYT team and vessels crews will stay in place, and there will be no change in routes or schedules. Moving toward the future, 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.