Investor's yacht is biggest built in U.S. in decades

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Since opening in 2001, the Connecticut operation of Derecktor Shipyards has built, repaired or upgraded tug boats and lobster boats, fireboats and ferries, sailing yachts, motor yachts and catamarans.

But one vessel - owned by Denver resident Charles Gallagher - overshadows all the others.

At 281 feet, Cakewalk is the longest yacht built in the United States since the 1930s, when Bath Iron Works of Maine delivered J.P. Morgan Jr.'s 343-foot Corsair IV, a vessel that spent its final years as a commercial cruise ship and ended up a shipwreck.

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