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MORGAN MORGAN 41 OUT ISLAND

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History of Morgan

Founded in 1965, Morgan Yacht Corporation is one of the great pioneers in the boat manufacturing industry. Morgan was established by Charley Morgan in St. Petersburg, Florida, where he began by building a variety of vessels. Morgan's first designed boat, Paper Tiger, won numerous races, immediately establishing the brand's reputation for high-performance vessels. Over the years, Morgan Yachts has experienced several ownership changes, including being part of the Beatrice Foods conglomerate in the 1970s and later being purchased by Catalina Yachts.Catalina Yachts, under the leadership of Frank Butler, continued the production of some of the classic Morgan models and even fused the Morgan designs into new Catalina models. This is particularly evident in the Catalina-Morgan 440, a deck saloon cruiser that inherited Morgan's construction standard and Catalina's interior design. During this time, Charley Morgan, founder of Morgan Yachts, moved away from the business and delved into other ventures.Today, Morgan Yachts is no longer in operation. However, the brand’s legacy is evident in various marinas where the older models like Out Islander or Morgan 41 are still considered reliable cruising boats. The designs and the reputation for performance and quality continue to live on through Catalina Yachts, which has its base in Largo, Florida. The fusion of Morgan's principles with Catalina's strengths ensured that the spirit of Morgan Yachts would continue to sail the seas even though the nameplate is no longer in production.

Which models do Morgan produce?

Morgan produce a range of boats including the Morgan 41 Out Island . For the full list of Morgan models currently listed on TheYachtMarket.com, see the model list in the search options on this page.

What types of boats do Morgan build?

Morgan manufactures a range of different types of boats. The ones listed on TheYachtMarket include Sloop , Centre cockpit , Cruiser and Aft cabin .

How much does a boat from Morgan cost?

Used boats from Morgan on TheYachtMarket.com range in price from £28,700 GBP to £124,000 GBP with an average price of £52,600 GBP . A wide range of factors can affect the price of used boats from Morgan, for example the model, age and condition.

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British Marine

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Morgan Yachts for Sale

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19 New and Used Morgan

Crystal River, Florida (United States of America)

OFFERED BY:

- Stock #Popular Morgan 34! 1967 Morgan 34 for sale St. Pete Florida Morgan is known for it long sailing history. This Morgan has seen a lot of sailing over the years. Down bel...

Annapolis, Maryland (United States of America)

Annapolis Sailyard

The Morgan 32 Morgan 32- A Yacht by Every Definition (1983) The Morgan 32 has established herself as a yacht for the true sailor, capable of sailing any sea with supreme authority. she is ...

Morgan 43 CC Masthead Sloop

Stuart, Florida (United States of America)

Manatee Pocket Yacht Sales

1985 43' Morgan CC Masthead Sloop PRICE JUST REDUCED!!! BRING AN OFFER!!! We're pleased to bring this classic yacht to the marketplace. The Nelson Marek design is a true bluewater cruiser. She...

Placida, Florida (United States of America)

Pier One Yacht Sales

Captain Morgan will be on the market while cruising Southwest Florida and the Keys. Call to inquire most accurate location for a showing. A good running and sailing sailboat,...

Morgan 45' Custom

Essex, Massachusetts (United States of America)

- Stock #Custom Morgan 45. Geared Up and Ready to Sail into Your Next Adventure! This Morgan 45 just returned from a 5000nm cruise with two young kids (See Cruising World waypo...

Morgan Out Island 41

Green Cove Springs, Florida (United States of America)

- Stock #Very Popular Cruiser!! Tons of Space!! Great Opportunity to Make it Your Own!! Unleash Your Seafaring Spirit with the 1981 Morgan Out Island 41 Ketch! Are you a true a...

Morgan 45-4

Tracy's Landing, Maryland (United States of America)

- Stock #Morgan 45-4 Great Liveaboard Sloop Design, Bow Thruster, 2 Berths, 2 A/C's and More! 1983 Morgan 45-4 - newer Kubota 50HP diesel engine. Very few hours on the engine. ...

Buffalo, New York (United States of America)

- Stock #Morgan 32' freshwater boat with a Yanmar 40 HP diesel engine. Check out this 1982 Morgan 32 that has been refurbished and is ready for your adventure! Powered by a Yan...

MORGAN YACHTS 454

Havelock, North Carolina (United States of America)

Beaufort Yacht Sales

Loligoserved us faithfully for 26 years as a mobile base for our marine biology research. We are selling her because of age,(ours not hers). We love her sailing performa...

Morehead City, North Carolina (United States of America)

- Stock #' Morgan sailboat. Fresh bottom paint June 2023. Jib, genoa, asymmetrical spinnaker and main all in good condition The Morgan 382 is a spacious cruiser. The cabin layo...

Morgan Out Island 36T

Aransas Pass, Texas (United States of America)

- Stock #Famous Morgan build quality, diesel inboard engine, ready for your sailing adventures These are the top three features of the Morgan Out Island 36T according to the se...

Morgan CSY M44

Parlin, New Jersey (United States of America)

- Stock #Sale is as is where is ,NEEDS ENGINE Morgan 44 is a sleek and swift cruising yacht designed to reward the experienced as well as novice sailor . Morgan 44 is a sleek a...

Cape Canaveral, Florida (United States of America)

- Stock #***SALE PENDING*** Very Nice Morgan 50 Ready to cruise or live aboard This is a Morgan 50, is semi-custom built and is in great overall shape. Equipped with a Yanmar 4...

Morgan Ocean 31

New Bern , North Carolina (United States of America)

Sunshine Cruising Yachts

1991 Morgan Ocean 31 true full keel vessel, transom hung rudder, and 12,000LBs of displacement. A lifetime of adventure awaits. This is a South African Morgan Ocean 31, a...

Tampa, Florida (United States of America)

Tampa Yacht Sales, INC

2009 Morgan 2020 Suzuki F250 with 109 hours 1989 Hull was completely restored and registered as a 2009.Has spent its whole life indoors. The outside of the hull and all vertical surfac...

Morgan Starrat & Jenks

St. john, Virgin Islands (United States of America)

BVI Yacht Sales Ltd.

The Morgan STARRATT & JENKS 45-foot Cruising Yacht is truly an amazing vessel that combines luxury, performance, and craftsmanship in a stunning package. This yacht is designed for those wh...

Morgan Out Island 413 CC

St Catharines, Ontario (Canada)

- Stock #Popular Morgan Out Island! Ready to Cruise the World! Numerous Upgrades! Check out this 1972 Morgan Out Island 41ft Ketch Sailboat! A World Cruiser Model 413 Centre Co...

Neyland Marina, Pembrokeshire (United Kingdom)

Morgan built boats have a great reputation for retaining value as a result of superior building, and solid brand recognition. When aboard this Morgan 32 it's easy to see why. the interior...

Morgan Giles 30

Bembridge (United Kingdom)

Waypoint Yacht Brokers

BLUE DRAGOON IS A VERY SOUND CLASSIC MORGAN GILES 30, WHICH LOGGED OVER 1,000 NAUTICAL MILES IN 2023. AFTER A WINTER REFIT SHE IS NOW REDUCED TO SELL AT £7,900 AS THE OWNER IS ...

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Morgan Marine New and Used Boats

Morgan Marine is a family run boatyard in Brightlingsea, Essex, UK. With a ten acre boatyard we offer new and used boats for sale, moorings, yard services, a chandlery and a full service workshop. We also have a 30 ton boat hoist and our own private slipway.

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Boats for sale, boatyard, chandlery & marine engineering in essex.

Founded by L H Morgan in 1972, Morgan Marine is a family-run boatyard with a long-standing reputation for new and used boat sales, boat brokerage, marine engineering and our well-stocked chandlery; in Brightlingsea, Essex, UK.

We are a distributor of Jeanneau motor boats (including Merry Fisher, NC, Cap Camarat and DB), Excel inflatable Boats and Highfield Aluminium RIBs; plus outboard engines. We also stock a wide range of used boats, including affordable fishing boats, sportsboats, yachts and RIBs. View our ranges of new boats or our wide selection of used boats .

Morgan Marine have been serving our customers now for over 50 years and for over 20 of those years, we have represented Jeanneau motor boats . We are very proud to have been awarded Jeanneau 2020, 2022 and 2024 dealer of the year which only serves to motivate us to constantly improve our offering.

Based out of our own private boatyard in Brightlingsea, Essex we have well-equipped workshops and highly-competent engineers, led by our Formula 1 motor racing background - an environment that demands the best or nothing. Our facilities give us the unique advantage of being able to control the whole process in-house, from initial boat order, through delivery and rigging; to sea trials and delivery of your new boat. Just as importantly, we are a family run business and we pride ourselves on excellent service and support, forming a long standing customer relationship; which we hope leads to repeat business!

If required, we can offer extremely competitive finance through CGI Finance, a financial arm owned by the parent company of Jeanneau and a service set-up to help people achieve their boating goals. We are authorised and regulated by the Financial Conduct Authority and it will be a pleasure to talk you through the options available.

Our workshop, led by our Formula 1 background and expertise, with a team of six fully trained and accredited engineers, offers marine engineering, boat repairs and servicing for all types of marine engines; as well as boat maintenance, electronic fitouts, generators, inverters, solar panels, gyroscopic stabilizers and winterisation etc – we cover all aspects of marine engineering; Essex based.

Our facilities, open 7 days a week, cover circa 10 acres of land and sea. We are in an ideal location on the East Anglian coast, within easy reach of Kent, Thames and Suffolk rivers. We are only a five minute walk to local pubs / coffee shops / newsagents – and a further five minute walk to Brightlingsea town centre.

In addition to boat sales and boat brokerage, the boatyard provides moorings, winter and summer storage, Park & Ride (boat launching and retrieval by tractor) and our own private slipway with hoist and crane.

Morgan Marine also provide an extensive chandlery store / showroom – of over 600 square metres! With stock to provide for all of your boating needs. Our clothing department is well-stocked with leading brands in outdoor and boating gear. From screws / antifoul - to life jackets / wetsuits – or even towable watertoys / outboard engines – we have it all! We also stock clothing such as fleeces / shoes / coats etc that are great both on and off the water.

If you have any questions; then please let us know. We are here to help.

Jeanneau NC 37 - diesel cruiser - boats for sale

Jeanneau NC 37 - Highest Spec in the UK

With over £80,000 extras.

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Jeanneau Merry Fisher 1295 Fly

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Highfield UL 260 Aluminium RIB

Highfield UL 260

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We believe the workshop is akin to the strength and fitness of the company. Without a vibrant workshop and enthuisastic engineers to handle, commission and repair boats, the company would quickly come to a standstill. Each engineer is committed in providing the best service possible, with a duty of care to our customers

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Who was onboard tech mogul Mike Lynch's Bayesian yacht?

Topic: Disasters, Accidents and Emergency Incidents

Six people are missing, including a man dubbed the British Bill Gates, after a luxury yacht sank off the Sicilian coast.

British tech entrepreneur Mike Lynch — freshly acquitted from a decade-long trial — had invited his work colleagues aboard a trip through the Mediterranean coast when a freak storm saw the yacht sink within moments.

Fifteen people escaped from the sinking vessel. The search for the missing continues.

Here's what we know so far: 

What happened?

The Italian coastguard said the yacht — the Bayesian — was anchored off the shore of port city Porticello, near the Sicilian capital Palermo, when it was hit by bad weather sometime after 4am on Monday, local time. 

Eyewitnesses said it vanished quickly beneath the waves shortly before dawn.

Managers of the sailing vessel Bayesian, Camper & Nicholsons, confirmed to the ABC that the Bayesian encountered severe weather and subsequently sank. 

"Our priority is assisting with the ongoing search and providing all necessary support to the rescued passengers and crew," they said. 

"The wind was very strong. Bad weather was expected, but not of this magnitude," a coastguard official told Reuters.

Sicily's civil protection agency head, Salvo Cocina, said a waterspout — a tornado over the water — could have struck the yacht.

"They were in the wrong place at the wrong time," Mr Cocina added. 

Storms and heavy rainfall had swept down Italy in recent days after weeks of scorching heat, lifting the temperature of the Mediterranean Sea to record levels and raising the risk of extreme weather conditions, experts told Reuters.

"The sea surface temperature around Sicily was around 30 degrees Celsius, which is almost 3 degrees more than normal. This creates an enormous source of energy that contributes to these storms," meteorologist Luca Mercalli said.

A group of rescuers gather around a stretcher

Rescuers recover the body of one of the people aboard the Bayesian.  ( AP: Lucio Ganci )

Captain Karsten Borner of the Sir Robert Baden Powell vessel told journalists he noticed the Bayesian nearby during the storm, but after it calmed he saw a red flare and realised the ship had simply disappeared.

Mr Borner said he and a crew member boarded their tender and found a lifeboat with 15 people, some of them injured, who they then took aboard and alerted the coast guard.

Search crews, including helicopters and divers, are continuing to search the wreckage, lying at a depth of 49 metres.

Specialist divers reached the ship on Monday but access was limited due to objects in the way, the fire brigade said.

The UK Marine Accident Investigation Branch is deploying a team of four inspectors to Italy to conduct a preliminary assessment.

The Foreign Commonwealth and Development office said it was "providing consular support to a number of British nationals and their families".

Sicilian prosecutors have also opened an investigation into the event. 

Who is missing?

A collage of three men

Lawyer Chris Morvillo (left), entrepreneur Mike Lynch, and Morgan Stanley chairman Jonathan Bloomer are among the missing. 

There were 12 passengers and 10 crew members aboard the yacht. 

Mr Cocina said the crew and passengers hailed from a variety of countries, including Britain, the United States, Antigua, France, Germany, Ireland, Myanmar, the Netherlands, New Zealand and Spain.

Of the 22, one man is confirmed dead and another six people are still missing. 

They are believed to be inside the hull, fire rescue spokesperson Luca Cari said.

Fabio Cefalù, a fisherman who said he responded to a flare from the vessel but found it sunk, said he stayed at the site for three hours without finding anyone.

"I think they are inside, all the missing people," he said.

Rescue teams recovered the body of the yacht's onboard chef on Monday, identified as Antiguan citizen Ricardo Thomas.

The still missing people include: 

  • Mr Lynch's 18-year-old daughter, Hannah 
  • Jonathan Bloomer, chairman of global financial services company Morgan Stanley International
  • Chris Morvillo , a lawyer at the British multinational law firm Clifford Chance. He worked on Mr Lynch's lawsuit against Hewlett-Packard
  • The identities of the remaining two missing are still unconfirmed

Who was rescued? 

Fifteen people escaped from the sinking ship. 

Eight have been hospitalised and others were taken to a nearby hotel.

A picture of a woman inside a plane

Charlotte Golunski was among those rescued, recalling the harrowing moments she held her child Sofia above the waves.  ( Supplied: Facebook  )

Among those rescued were:

  • Mr Lynch's wife, Angela Bacares, who was the owner of the yacht
  • Charlotte Golunski and her one-year-old daughter, Sofia. Ms Golunski is a partner at Mr Lynch's firm, Invoke Capital. She says she momentarily lost hold of Sofia in the water but managed to hold her up above the waves until the lifeboat was inflated
  • Ms Golunski's husband James Emslie
  • New Zealand captain of the yacht James Catfield. He told Italian newspaper La Repubblica the crew didn't see the storm coming
  • A lone Dutch citizen was identified by the Dutch foreign ministry as being rescued, but was not identified

Who is Mike Lynch?

Mr Lynch, once hailed as Britain’s king of technology, was recently freed from a Silicon Valley lawsuit that tarnished his legacy. 

The 59-year-old Cambridge-educated mathematician created Autonomy , a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly. 

He received the OBE for his innovation in 2006. 

He then sold the software to Hewlett-Packard (HP) for $US11 billion ($16 billion) in 2011, with Mr Lynch personally netting $US800 million. 

HP valued Autonomy at $US46 billion ($68 billion) in the months leading up to the deal.

A man in a suit smiles

Mike Lynch in 2019 leaving the High Court in London.  ( Reuters: Henry Nicholls/File Photo )

But the deal quickly turned sour after he was accused of forging the software's financial records to make the sale.

As part of a decades-long legal battle against HP, Mr Lynch was extradited to the UK on criminal fraud charges. 

He steadfastly denied any wrongdoing, asserting that he was being made a scapegoat for HP's own bungling. 

He was eventually cleared of all charges in June this year. 

Although he avoided a possible prison sentence, Lynch still faced a bill from a civil case in London that HP mostly won during 2022. Damages haven't been determined in that case, but HP is seeking $US4 billion. 

Following the San Francisco trial, Mr Lynch said he would return to the UK and do what he loved most: "[being with] my family and innovating in my field."

The holiday appeared to be something of a celebration after Mr Lynch's acquittal, with guests including some of the people who had stood by Lynch throughout the ordeal.

Italy Boaters Missing

This picture shows the rescue operations off the Sicilian coast.  ( AP: Italian Coast Guard  )

In a separate act of tragedy, Mr Lynch's co-defendant in the trial, Stephen Chamberlain, died on Monday, after a road accident left him critically injured.

Mr Chamberlain — Autonomy's former vice-president of finance alongside Mr Lynch — was hit by a car in Cambridgeshire on Saturday morning and had been placed on life support. 

What is the Bayesian?

The luxury yacht is 56m long sailboat, with a 75m mast labelled as the tallest aluminium mast in the world.

It was previously named Salute when it flew under a Dutch flag.

The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate up to 12 guests in six suites and a crew of 10, according to online specialist yacht sites. It was last refitted in 2020.

Online charter sites listed it for rent for up to 195,000 euros (about $AU 321,000) a week. 

Two boats in the sea

This picture taken on Sunday shows the Bayesian (left) and the Duch sailboat Sir Robert Baden Powell anchored off the coast line.   ( AP: Fabio La Bianca/Baia Santa Nicolicchia )

The ship also won a string of awards for its design. 

Ms Golunski said the yacht had travelled through the Aeolian Islands, Milazzo and Cefalù before sinking. 

It is likely the yacht's name would resonate with Mr Lynch because his PhD thesis and the software that made his fortune was based on Bayesian theory.

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Search Resumes for British Mogul and 5 Others After Yacht Sinks Off Sicily

The body of the vessel’s cook was recovered while divers searched the hull of the Bayesian for passengers, including the tech entrepreneur Mike Lynch.

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By Elisabetta Povoledo

Deep-sea divers with Italy’s firefighter corps resumed their search on Tuesday for six missing passengers — including a British software mogul and his daughter — of a yacht that sank off the coast of Sicily the previous day.

Twenty-two people were on board the 180-foot British-flagged sailing yacht, the Bayesian, which was anchored near the port of Porticello, when it was hit by what witnesses described as a waterspout, a small tornado on water, during a sudden and violent storm.

Fifteen people who managed to get to a raft were rescued by the captain of a nearby sailing cruise ship. The body of the yacht’s cook, identified by news outlets as Recaldo Thomas, a Canadian Antiguan, was recovered on Monday. But several people are still unaccounted for, according to Salvatore Cocina, an official with Sicily’s civil protection agency.

Those still missing are Mike Lynch, a British technology entrepreneur; his daughter Hannah; Jonathan Bloomer, chairman of Morgan Stanley International; his wife, Judy Bloomer; Christopher J. Morvillo, a lawyer at Clifford Chance; and his wife, Neda Morvillo.

Mr. Lynch was acquitted of fraud in a U.S. trial in June, ending a high-profile, decadelong legal battle against accusations that he had defrauded Hewlett-Packard when he sold his company, Autonomy, to Hewlett for $11 billion.

Mr. Lynch and the others went missing days after Mr. Lynch’s co-defendant at the fraud trial, Stephen Chamberlain, a former vice president of finance at Autonomy, was fatally struck by a car on Saturday while out for a run, his lawyer, Gary S. Lincenberg, said in a statement.

Prosecutors in the Italian city of Termini Imerese, east of where the yacht sank, are opening a formal investigation into the yacht’s sinking. Reached by telephone, the chief prosecutor declined to comment.

The search for the missing passengers began on Monday but was suspended late that night as crews found themselves limited to the bridge deck and items like furnishings “obstructing passage,” the firefighters’ corps wrote on social media .

When divers resumed the search on Tuesday, ships trawled the waters near the site, the corps said in a statement. The Italian Coast Guard also said in a statement that search operations were “continuing unabated,” with the deployment of helicopters. There was no evidence that gasoline was leaking from the yacht, the Coast Guard said.

The yacht was lying on its right side in about 165 feet of water, meaning that divers, working in pairs, could stay underwater for only about 12 minutes at a time, said Luca Cari, a spokesman for the firefighters’ corps.

Divers were seeking a safe point of access to the vessel’s cabins. “Obviously, everything fell and the space is very tight,” Mr. Cari said, adding that the divers were having to remove obstacles, like furnishings and electrical wiring, that were “completely blocking passages.”

The firefighters’ corps said in a statement that it was impossible to verify whether people were inside the hull.

Mr. Cari said that several divers had been part of the search-and-rescue operations when the Costa Concordia, a cruise liner, capsized off the Tuscan island of Giglio in 2012, killing 32 people. It is considered one of the worst maritime disasters in modern Italian history.

“It’s like the Costa Concordia, but much smaller,” Mr. Cari said in a telephone interview, comparing the search operations. “In the Costa Concordia, we came across many obstacles but we somehow were able to overcome them. Here, the obstacles block the passages and have to be removed.” He added, “This makes it more difficult.”

Crews were also trying to raise the yacht, which experts will examine to try to determine why it sank. Until then, experts can only hypothesize what happened.

Karsten Borner, the captain of a ship, the Sir Robert Baden Powell, which picked up the Bayesian’s 15 survivors, said in an interview that when the wind picked up around 4 a.m. Monday, the Bayesian was about 490 feet behind his vessel. Once the wind wound down, he said, he could not see the yacht anymore.

“My theory was that she was capsized first and then went down over the stern,” Mr. Borner said.

Dario Boote, a ship structures and naval architecture professor at the University of Genoa, said: “Now I imagine that a whole series of lawsuits will be triggered, obviously to ascertain whether there is any responsibility, as always happens very unpleasantly in these situations.” He said, however, that in this case, responsibility might be hard to determine. “Clearly, only once the wreck is raised will we know more,” he added.

Several fishermen told Italian news outlets that they had witnessed a waterspout. Peter Inness, a meteorologist at the University of Reading, said they were relatively common in the Mediterranean, though their occurrence and intensity are unpredictable.

“Until one actually forms, you can’t start telling people where it is,” Mr. Inness said, or “how to get out of the way.”

The inclement weather — with lightning intermittently streaking through the sky — made it hard to know exactly why the yacht sank. Col. Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said the agency had registered intense lightning activity and strong gusts of wind in the area at the time the boat sank.

The Bayesian had one of the tallest aluminum masts in the world, according to its builder, Perini Navi. “Having a tall aluminum mast would not make it the safest port to be in case of a storm,” said Andrea Ratti, associate professor of nautical design and architecture technology the Politecnico di Milano. The type of intensity unleashed by a violent lightning storm “could have created a significant shock wave,” he added.

He, too, cautioned that “a lot of questions will remain until we have other elements at our disposal.”

Modern yachts are built to withstand meteorological events of reasonable intensity, and all international naval registers suggest that new ships be designed for higher waves and more frequent and extreme weather events.

But “this seems a case of an unreasonable extreme event,” said Emilio Fortunato Campana, an expert in Naval Hydrodynamics at Italy’s National Research Council. “In that case, no ship is 100 percent safe,” he added. “I think the Titanic showed that nothing is unsinkable.”

Elisabetta Povoledo is a reporter based in Rome, covering Italy, the Vatican and the culture of the region. She has been a journalist for 35 years. More about Elisabetta Povoledo

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UK tycoon's daughter is seventh, final victim of Sicily yacht sinking

Divers searching a sunken superyacht off Sicily recovered the body of the teenage daughter of UK tech tycoon Mike Lynch Friday, the seventh and final victim of a tragedy in which the businessman also perished.

Lynch and his 18-year-old daughter Hannah had been among six passengers reported missing after the "Bayesian" went down off the north coast of the Italian island in a storm early on Monday morning.

After Hannah's body was brought ashore on Friday, her family issued a statement describing their "unspeakable grief".

"The Lynch family is devastated, in shock and is being comforted and supported by family and friends," it said.

Search teams had recovered the bodies of four of Lynch's friends on Wednesday, and that of the entrepreneur himself on Thursday.

The body of a man believed to be the yacht's chef had been found a few hours after the sailing ship sank.

Lynch, 59, had invited friends and family onto the sailing boat to celebrate his recent acquittal in a massive US fraud case.

But the 56-metre (185-foot) British-flagged yacht was struck by a waterspout -- akin to a mini-tornado -- before dawn on Monday as it was anchored off Porticello, near Palermo.

It sank at around 04:30 am local time, according to management company Camper and Nicolsons, and now lies on the sea bed some 50 metres down.

- 'Heartbroken' -

Hannah had just finished her end-of-school exams and had a place to study English literature at Oxford University.

Friends described her as warm, loving and "charming and ferociously intelligent", according to one of the tributes issued by the family.

Lynch, once dubbed the British "Bill Gates", was "the most brilliant mind and (most) caring person I have ever known", said another.

The businessman had been acquitted on all charges in a San Francisco court in June after he was accused of an $11 billion fraud linked to the sale of his software firm Autonomy to Hewlett-Packard.

US lawyer Chris Morvillo, a partner at top law firm Clifford Chance who worked on the trial, also died in the sinking, along with his wife Neda.

Morvillo's firm Clifford Chance paid tribute to the couple, saying all were "heartbroken at the tragic passing... and still coming to terms with this terrible loss".

Italy's fire service said 27 divers had gone down to the submerged yacht each day, performing 123 dives overall in a search that also saw helicopters scour the area.

The bodies of Jonathan Bloomer, the chair of Morgan Stanley International, and his wife Judy, were also found.

The Bloomer family said they were suffering "unimaginable grief" for a couple who had been together for five decades.

"Our only comfort is that they are still together now," the family said.

- 'Uncovering the truth' -

Many questions remain about why the yacht sank, and so quickly, when other boats nearby were unaffected.

Italian prosecutors have opened a probe and will hold a press conference on Saturday.

On Thursday the head of the company which built the boat said the tragedy could have been avoided.

"Everything that was done reveals a very long summation of errors," said Giovanni Costantino, head of the Italian Sea Group, which includes the Perini Navi company that built Bayesian in 2008.

But Nautilus International, a maritime trade union, called for a "thorough, unbiased investigation".

General secretary Mark Dickinson warned questioning the crew's conduct "without the full facts" would be "not only unfair but also harmful to the process of uncovering the truth".

The Bayesian, owned by Lynch's family, boasted a 75-metre mast, the tallest aluminium sailing mast in the world, according to the Charter World website.

Raising the wreck would likely cost some 15 million euros and take "six to eight weeks", according to the salvage engineer who led the operation to recover the Costa Concordia cruise ship, which sank off Italy in 2012.

To recover the yacht, the mast could be removed on the seabed but the boat would be lifted up whole using a giant crane and a team of 40 specialist divers, South African engineer Nick Sloane told the Repubblica daily.

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