By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Italian authorities investigate sinking of Mike Lynch superyacht
News

Italian authorities investigate sinking of Mike Lynch superyacht

News Room
Last updated: 2024/08/21 at 9:11 AM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Italian prosecutors are investigating how the superyacht Bayesian sank off the coast of Sicily in a matter of minutes, leaving one crew member dead and six passengers, including UK tech entrepreneur Mike Lynch, missing and presumed trapped inside.

“Everything happened extremely fast,” Vincenzo Zagarola, a coastguard official, told the Financial Times, as Italian divers continued their attempts to enter the wreck on the seabed on Wednesday.

He also said the wind that hit the British-registered yacht reached 60 knots (more than 110km/h), which is characterised as a Force 11 or a “violent storm” on the Beaufort scale.

The speed of the sinking of the 540-tonne yacht remains the biggest mystery about the accident, given that it would normally take much longer for such a large, modern vessel to founder even if it was laid flat on its side by the wind or completely overturned.

So rapid was the sinking that the crew did not appear to have time to send a Mayday distress signal, and the first sign of the emergency was the firing of a red flare from the life raft that was seen by the skipper of a boat anchored nearby, who rescued the 15 survivors, and by the coastguard.

By the time the coastguard reached the location of the flare, the yacht had completely sunk.

Zagarola said there was no evidence from divers’ inspections on the seabed that the yacht’s 72-metre mast was broken or that the hull had any breaches. The British-flagged vessel is tilted on to its starboard side about 50 metres below the surface.

In the nearby town of Termini Imerese the public prosecutor’s office has launched an investigation into the accident, in collaboration with the coastguard of Porticello, “to establish the exact dynamic of the shipwreck”, the coastguard has announced.

Zagarola told the FT the coastguard was still treating its operation as “a search for missing people, not bodies”, although there is scant hope of anyone surviving if they were trapped inside the boat.

Divers, assisted by an underwater drone, have managed to gain access to part of the sunken vessel but have not yet been able to search all the cabins or find any bodies.

Search operations for the six missing people also continued at Porto Bagnera, the picturesque fishing harbour of Porticello, near where the luxury yacht sank in the early hours of Monday, just 400 metres off the shore.

Perini Navi, the Viareggio-based shipyard that built Bayesian in 2008, was absorbed in 2022 by the listed Italian Sea Group, which declined a request for comment when contacted by the FT.

Additional reporting by Victor Mallet in London

Read the full article here

News Room August 21, 2024 August 21, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
LIVE: Fed Chair Jerome Powell delivers remarks at Harvard University

Watch full video on YouTube

Why Wall Street Is Investing In Trading Cards

Watch full video on YouTube

Fidelity International Small Cap Fund Q1 2026 Commentary (FISMX)

Fidelity’s mission is to strengthen the financial well-being of our customers and…

Powell is an expert at making mistakes, but “doesn’t allow” himself the luxury of regrets.

Watch full video on YouTube

How Footwear Companies Are Changing

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Fidelity International Small Cap Fund Q1 2026 Commentary (FISMX)

By News Room
News

Equinor ASA (EQNR) Shareholder/Analyst Call Prepared Remarks Transcript

By News Room
News

Credit Saison Co., Ltd. 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:CSASF) 2026-05-16

By News Room
News

ABN AMRO Stock: Cost Cuts And Capital Returns Support A Buy Rating (OTCMKTS:AAVMY)

By News Room
News

ConocoPhillips: More Upside Given Long-Term Cash Flow Tailwinds (NYSE:COP)

By News Room
News

MaxCyte, Inc. (MXCT) Q1 2026 Earnings Call Transcript

By News Room
News

Draganfly Inc. (DPRO) Q1 2026 Earnings Call Transcript

By News Room
News

Fidelity Blue Chip Growth Fund Q1 2026 Commentary (FBGRX)

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?