The 60 meter long yacht Yogi sank in a storm off Skyros, Greece. The yacht had suffered an engine failure when the master of the yacht sent out a distress call. He told authorities that the vessel was taking on water and was preparing to abandon ship. Two helicopters, a Naval vessel and several Greek Coast Guard and commercial vessels proceeded to the yacht’s location. All eight crew on board were picked up by a helicopter and flown to safety. There were no passengers on board at the time. The Yogi was built in 2011 at a cost of 45.7 million dollars and was awarded as the ‘Most Innovated Yacht of 2011’. The vessel had recently left a shipyard in Turkey heading to an unnamed port in the Mediterranean. It is suspected a mechanical failure was the initial cause of the sinking. Officials has stated an investigation will be conducted into the sinking.