Cyprus-based cruise line Swan Hellenic has regained control of an incomplete cruise ship financed by sanctioned Russian company GTLK.

Finnish builder Helsinki Shipyard put the 125-metre SH Diana up for auction last month after the original buyer failed to take delivery.

The yard said it had exercised its right to sell the vessel.

The auction ended on 9 December and after analysing bids, Swan Hellenic was declared the winner, with the price remaining confidential.