This spring, in the echoing halls of a fabrication building at Derecktor Shipyards in Bridgeport, Conn., sat a massive, golden teak rail with a perfect curve. It was the cap rail for Cakewalk, the longest motor yacht built in the United States since the 1930s. Cakewalk 281 feet long and 2,998 gross tons, was launched August 8. The champagne christening in Bridgeport harbor marked a step forward in Derecktor's two-year battle to emerge from bankruptcy court.
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