Oligarch's 130-foot superyacht sinks off the coast of Italy

The Italian Coast Guard reports that all four passengers and five crew members were rescued when a superyacht named "My Saga" sank off the coast of Italy on 20 September.

According to Superyacht Fan, the owner of the yacht is Russian oligarch Gennady Ayvazyan, who heads Krutrade, one of the world's largest traders of coal. — Read the rest