In April, Westerly Marine, a boatmanufacturer in Santa Ana owned by Lynn Bowser, began assembling the board.
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Motor boatmanufacturers all over the country immediately began to make these swift little craft which were popularly called the "mosquito fleet."
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Earlier this year, Shandong Heavy scooped another European asset, when it bought a controlling stake in debt-laden Italian luxury yachtmaker Ferretti.
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Italian professional audio system group RCF and fellow yachtmaker Ferretti pulled initial public offerings (IPO) last month due to unfavourable market conditions.
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Italian luxury yachtmaker Ferretti's cancellation of its IPO last week capped a dismal European season for listings amid global trade tensions and Brexit angst.
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Built by Italian yachtmaker Benetti, Mr Packer's 108m luxury liner sleeps up to 22 guests and is able to make cross-ocean voyages.
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Wang bought UK luxury yachtmaker Sunseeker for $1.6 billion and is planning billion-dollar luxury hotel developments in London and New York.
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The fourth-generation boatbuildingcompany has just delivered its third vessel specifically designed to service the fast-growing offshore energy sector in the UK.
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The managing director of the newly formed Wellington Electric BoatBuildingcompany says his first project is one of the most intense of his life.