Alfa Nero exclusive: Antigua Port Authority says sale of 81m Oceanco superyacht is final and unrelated to previous owner's legal proceeding

A possible ruling between the Antigua and Barbuda government and previous owner of 81.3-metre Oceanco yacht Alfa Nero will not affect the yacht's current ownership, insiders say. This is contrary to previous reports, which suggested a court decision slated for early 2025 would help to determine the yacht's rightful owner. 

While the case seeks to examine the constitutionality of the government's seizure and subsequent sale of the vessel, CEO of the Antigua Port Authority Darwin Telemaque has since clarified the ruling will only explore whether the government must compensate the yacht's previous owner, and has "nothing to do" with the current owner or the vessel itself. "The sale is final. There is no way that Alfa Nero could be seized back or sold again at auction," Telemaque exclusively told BOATPro.