The world’s largest sailing yacht has been impounded in Gibraltar over claims that its billionaire Russian owner owes the shipbuilder €15.3m (£13.3m).

The Gibraltar Port Authority impounded the €400m “Sailing Yacht A” as it was on its way to be delivered to industrialist Andrey Melnichenko, following a legal filing from the German shipbuilder that constructed the futuristic-looking vessel.

The 143m-long Bermuda-registered yacht, which has three masts taller than Big Ben’s clock tower, left the Kiel shipyard of superyacht builder Nobiskrug two weeks ago to conduct final sea trials before being handed over to Melnichenko. But on Wednesday two Gibraltarian “ship keepers” took control of the Philippe Starck designed yacht, which is longer than 13 London buses and features a helipad, onboard swimming pool, and underwater observation pod.

Gibraltar Admiralty marshal Liam Yeats, said: “The vessel is under arrest and is currently at anchor in British Gibraltar Territorial Waters.”… see more

source: Guardian UK