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Cruise News for the Corporate Travel Professional

January 2011 Edition

oooh, bet the insurance company was happy

A luxury yacht began to sink after its launch into the Tha Chin River in Samut Sakhon's Muang district on Friday. About 200 workers of a private yacht building company tried in vain to adjust cables which were fastened to the 1,000-ton yacht as it was being launched.

Witnesses said the yacht tipped sideways and water gushed into its interior. The yacht was sinking while the workers erected buoys in the hope of keeping it afloat. However, the buoys could not support the vessel's weight.”. Sources claim this was the 60-meter M/Y Fox, a British-flagged vessel.

Motor yacht Fox was originally a survey vessel and was almost at the end of a three year conversion to turn her into a luxury yacht.  The vessel is owned by Chinese interest based out of Hong Kong.

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