Bank Seizes Yorktown Cruise Ship

August 13, 2014
the cruise ship Yorktown

(12:04 p.m. EDT) – German bank KfW IPEX-bank has seized the 138-passenger Yorktown cruise ship, which has been operating in North America under Travel Dynamics International since 2012. The ship is now up for sale by the bank. No cruisers are affected as the ship was sidelined this past March due to "cash issues."

According to Seatrade Insider, KfW seized the ship July 30 after claiming it was owed $9.85 million by Explorer Maritime Cruises, which is controlled by the co-president of Travel Dynamics.

Yorktown previously sailed as Spirit of Yorktown for Cruise West, which went out of business in 2010. For Travel Dynamics, it sailed coastal voyages in the U.S. and Canada, as well as select Great Lakes itineraries.

--By Dori Saltzman, News Editor