German lender KfW has arrested a US cruiseship off Florida in an effort to foreclose on a loan that owner Explorer Maritime Cruises has allegedly failed to pay since November 2013.
The bank has asked a court to hold an auction sale for the 138-berth Yorktown (ex-Spirit of Yorktown, built 1988).
Magistrate Judge James Klindt ordered US marshals to seize the vessel after KfW lodged the $9.58m
