Christensen Shipyards, which has wrestled with financial troubles, lawsuits and shut-downs since late 2014, is now preparing to launch Silver Lining, the first of two 164-foot yachts under construction.
The launch is scheduled for early May, with sea trials expected to take four weeks. Silver Lining is the first yacht to head toward completion since Henry Luken (a three-time Christensen owner) became chairman and principal owner of the shipyard, and Jim Gilbert took over as Christensen’s president.
“I can’t imagine the angst and the hardship our workers suffered when they arrived to work and found the gates locked,” Gilbert said of incidents that occurred under the previous ownership.
“All of us in management, and particularly the two people who stepped up to purchase the yard’s assets out of receivership, feel blessed that so many of our best people hung in there through those tough times and were able to rejoin the new company when it was formed last summer.”