Moment brand new $940,000 luxury yacht sinks 15 minutes after being launched in water (video)

This is the terrifying moment a brand new £700,000 ($940,000) yacht overturned and sank just 15 minutes after being launched into the water, forcing its owner to swim to shore.  

The incident happened about 200 metres offshore in the Eregli district of Zonguldak in northern Turkey on Tuesday, September 2. 

Footage shows the yacht turning over and sinking into the sea as those on board jump overboard in panic. 

A man, believed to be the owner, can be seen standing on the side of the vessel as it begins to sink, before he jumped into the sea and begins to hurriedly swim to shore.  

The boat’s captain and two crew members are also understood to have jumped overboard.  

No injuries were reported.   

The vessel, named Dolce Vento, had been completed at the Med Yilmaz Shipyard in about five months before being delivered to its owner from Istanbul. 

Coast Guard and port teams were dispatched and established a security perimeter. 

Rescue teams with technical equipment have been sent to the scene to begin recovery work. 

Shipyard officials said a detailed investigation will be carried out and the cause of the sinking will be determined following technical inspections. 

The investigation is ongoing. 
 

Watch the video below.

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