Authorities in Gibraltar say they have seized one of the largest and most advanced superyachts in the world over an unsettled bill dispute between its owner and its German builder. The Gibraltar Chronicle reports that shipbuilder Nobiskrug claims $16.2 million in overdue payments for the 468-foot-long Sailing Yacht A, per the AP. The company's website says the ship designed by French interior designer Philippe Starck was delivered earlier this month to its client, who has not been named. The ship is believed to have cost more than $400 million, reports the BBC.
Gibraltar's admiralty marshal said Monday the vessel is currently at anchor in the British enclave's territorial waters. He declined to discuss details in line with Gibraltar court policy, and Nobiskrug did not comment, either. A post at Boat International earlier this month said the vessel had been commissioned by a Russian yacht owner, and it has lots more details on the ship itself, including its "underwater observation pod, hybrid diesel-electric propulsion system and state-of-the-art navigation systems." (Read more yachts stories.)