The Triton

Where in the World

Sailing yacht A seized in Gibraltar

ADVERTISEMENT

The 142.8m S/Y A, the largest private sailing yacht in the world, has been seized in Gibraltar for a 15.3 million-euro claim filed by Nobiskrug, the German shipyard where it was built, according to a news report on YachtHarbor.com.

The vessel left Kiel on Feb. 5 for sea trials in Spain. Her delivery was scheduled for late spring. It was anchored in the Bay of Gibraltar on Feb. 18 under the custody of admiralty marshals, YachtHarbor.com reported.

Nobiskrug claims that the final 9.8 million-euro installment was not paid by Valla Yachts Limited, the company that owns S/Y A. A further 5.5 million euros are being claimed by the shipyard over liability for sub-contractor invoices and disputed orders during the build.

The owner put the money in escrow pending resolution of the claims, according to a statement from a spokesman for the owner.

“We find this act of arrest of Sailing Yacht A in Gibraltar an astounding act for a shipbuilder of Nobiskrug’s standing,” the spokesman said. “The facts are that with a project of this magnitude there are sometimes outstanding issues to be resolved, and the sum of over 9 million euros being claimed for payment, by 27th January, was part of ongoing discussions between the owner and the shipyard in regards to their rectification. We assumed the matter was progressing to a resolution as Nobiskrug were happy to release the yacht on Feb. 5 to the owner’s project team for further works to be carried out in Spain.”

The spokesman expected the arrest to be cleared up within days.

To read the whole story, click here.

Related Posts...
Yuri Milner does not own the megayacht that was blocked Read more...
We take Triton Networking to Boat Owner’s Warehouse -- BOW Read more...
A brisk South Florida evening was the perfect setting for Read more...
As yachts age and yacht owners personalize them, the refit Read more...
Fifty conservative members of the British parliament have written a Read more...

Share This Post

One thought on “Sailing yacht A seized in Gibraltar

  1. Jeffrey Finucci

    In 1984 I was working in Boston Shipyard East Boston received the USS connole for lack of payment the US Navy they came in with the marshals three days later where we surrendered the ship and the yard went under bankrupt

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

Editor’s Picks

Triton networks with Culinary Convenience

Triton networks with Culinary Convenience

A brisk South Florida evening was the perfect setting for outdoor Triton networking with Culinary Convenience on the third Wednesday in …

Refit18: Show focused on refits grows 28 percent

Refit18: Show focused on refits grows 28 percent

As yachts age and yacht owners personalize them, the refit industry continues to grow. The third annual Refit International Exhibition …

Hot trip on the Hudson highlights perils of procrastination

Hot trip on the Hudson highlights perils of procrastination

By Capt. Bruce Gregory I've made 40-plus offshore passages from 50 miles to 1,500 miles in boats from 8-foot dinghies to 80-foot tugs; …

Top Shelf: The Birth of Aki-Maki

Top Shelf: The Birth of Aki-Maki

Top Shelf: by Chef Tim MacDonald Many years ago on Huntress, I was taught about the theory of “POP”’ on a yacht. The owner …