Back to News Menu                                Cruise News for the Corporate Travel Professional                                    September 2014

The 138-passenger Yorktown was quietly arrested by German bank KfW in Florida last month.

KfW is moving to foreclose on a loan it issued for the building of the Orion in 2003, but later financial dealings made the Yorktown, most recently sailed by Travel Dynamics, the collateral.

Now, the ship is sitting outside of Jacksonville without much attention as the bank looks for quick sale to a new party.

The 1988-built U.S. flagged ship may be a tough sell and value estimates are said to be in the low seven figures, according to once source.

The market for U.S.-flagged, older, second-hand tonnage remains a limited one.

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