Lady MM Super Yacht Fire Outside of Sardinia

At 0600 hours on the morning of 25th August M/Y Lady MM with Cayman Islands registry flag sent a distress call for assistance due to an onboard fire.  The distress call was picked by the Olbia Sardinia coast guard, with Lady MM reported location at fifty nautical miles to the East of Cape Comino.  The coast guard dispatched two fast Sar assistance boats, along a search and rescue helicopter departing Cagliari base.  At around 1100 hours the coast guard received information that the seventeen persons onboard Lady MM, eight guests and nine crew personnel have abandoned the fire engulfed super yacht with the tender, and have been escorted at the Siniscula harbour.  Lady MM was coming from the island of Capri heading Porto Cervo to the Sardinia Costa Smeralda World famous coast line.  Unfortunately Lady MM sank around 1730 hours.  

Motor Yacht Lady MM is an ISA Yachts 470 build 2003 with a steel hull and aluminium super structure to an exterior design of Walter Franchini with interiors by Janet Leroy. The interior of Lady MM featured accommodation for ten guests in five cabins, with nine crew berths in five cabins.  Twin MTU 2366hp powered this first hull of the ISA 470 series which gave her top speeds up to sixteen knots and a cruise of 12.  The ISA 470 series was very successful for the Ancona super yacht builder, building eight to order custom units in a five year 2003 to 2008 time frame.  Lady MM which launched as April Fool, also entered ISA Yachts into super yacht building in 2003, with this move proving to be a success making the name one of the popular Italian super yachts builders.  Lady MM was last refitted in 2013 and was mostly a charter yacht, and was involved in a small fire while berthed in Naples in 2013.