The Triton

Where in the World

M/Y Natita seized

ADVERTISEMENT

M/Y Natita, a 217-foot (66m) Oceanco launched in Germany in 2005, has been seized by Goldman Sachs Group after the owner, Texas oil mogul William Kallop, failed to make payments on a loan against the yacht.

Court filings show that Kallop borrowed $32 million from the Wall Street firm’s private bank in 2014, using Natita and another of his yachts, the 186-foot (57m) M/Y Bad Girl, as collateral, The Wall Street Journal has reported. The bank claims the owner stopped making payments in November, with nearly $28 million left on the loan.

Goldman Sachs filed suit in a Miami federal court to seize the boat. Last month, U.S. Marshals impounded Natita at Rybovich, a shipyard in West Palm Beach, where the yacht has been docked for more than a year. Employees have said the owner owes the shipyard hundreds of thousands of dollars, the Journal has reported.

The U.S. Marshal’s warning on M/y Natita today.

A Florida court recently ordered the owner to pay three crew members, including the captain, about $90,000 in wages owed.

The yacht was delivered as Dilbar and renamed Ona in 2008. Kallop bought the boat in 2010 and named it Natita. The asking price had been 59.9 million euros.

Natita was back on the market in 2016 at a price $57.5 million, with the price reduced to $52 million in September of that same year. The yacht then underwent several more price reductions. It is now listed for $39.9 million with Burgess and Worth Avenue Yachts.

Related Posts...
The head of Waters Club Holdings Inc., a member-based yacht Read more...
The Newport Charter Yacht Show, which features luxury sailing and Read more...
A group of residents gathered at Molokai harbor recently to Read more...
Foreign trade zone offers new options for foreign-flagged yachts By Read more...
By Dorie Cox Wednesday worked. For as long as most Read more...

Share This Post

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Your email address will not be published.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

Fort Pierce finalizes port land purchase for refit facility

Fort Pierce finalizes port land purchase for refit facility

By Dorie Cox County commissioners in St. Lucie County, Florida, gave final approval Dec. 12 to buying 12 acres of land in the Port of …

Crew Coach: How well a job interview goes could depend on 4 key aspects

Crew Coach: How well a job interview goes could depend on 4 key aspects

Crew Coach: by Capt. Rob Gannon Recently I saw an ad for a television program that shows job interviews. I haven’t watched it, and …

Antigua17: Chefs contest brings crew closer

Antigua17: Chefs contest brings crew closer

Chefs on Adiamo, Sarissa and Vigilant I take top honors at Antigua By Dorie Cox Competing in the Concours de Chef is fierce and …

Eng. James “Jimmy” Cascella dies after motorcycle accident

Eng. James “Jimmy” Cascella dies after motorcycle accident

By Dorie Cox Eng. James "Jimmy" Cascella died Dec. 7 from injuries sustained in an accident on Interstate 95 at Hollywood Boulevard in …