The Italian Coast Guard has seized the Pacific, the cruise ship that gained fame in the 1980s as the Love Boat.
The ship was repossessed due to heavy debt amassed by the ship's owner, Spain-based Quail Travel Group, according to Italian shipping publication Ship2Shore.
An Italian court ordered that Quail Travel Group pay its debt to the San Giorgio del Porto shipyard in Genoa and the ship’s former operator, CVC Tour of Brazil, reported Ship2Shore.
The ship is docked in Genoa, where San Giorgio del Porto recently completed an extensive refurbishment of the Pacific. According to Ship2Shore, Quail Travel Group owes the shipyard about $14 million.
Quail, an upstart cruise line, bought the 38-year-old Pacific last year from Pullmantur, a Spanish line owned by Royal Caribbean Cruises Ltd. Pullmantur operated the vessel for five years.
Princess Cruises sailed the “Love Boat" as the Pacific Princess for almost 30 years.