M/Y Natita seized

Aug 11, 2017 by Triton Staff

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.