A severe fire has broken out on board the 48 metre superyacht Lady MM, leaving guests and crew fleeing for safety.
It is understood that the yacht issued a distress signal at around 6am on August 26, alerting the coast guard to a fire on board.
The yacht was is reported to have been travelling from Capri to Porto Cervo in Sardinia when the fire broke out.
The distress signal was picked up by the Olbia Coast Guard, which responded quickly, dispatching two SAR patrol boats to assist, alongside a coast guard helicopter.
Footage captured by the helicopter shows a bird’s eye view of the yacht in flames.
It is understood that the 17 people on board, nine crew and eight guests, evacuated the yacht and all successfully reached the coast via a tender.
Delivered in 2003, Lady MM was built by ISA Yachts and designed by Walter Franchini. Accommodation on board is for a total of 10 guests and nine crew.