$10 million yacht sinks at launching (Video)

A new, $10-million yacht that sank because it was being launched Sunday in Anacortes, Washington, continues to be pulled upright while the Coast Guard investigates what went wrong.

After an attempt to provide the yacht to the owner went awry, first responders were forced to hack at the luxury vessel with a fire axe to rescue among the ship builders inside – according to local media reports.

The crew of six survived without injury. They all are associated with local Northern Marine Industries, the neighborhood company that built the non-seaworthy vessel.

One man was trapped on board for awhile, though. Crewmember Scott Ray, a Navy veteran, needed to break a porthole to rescue the person, who ended up with a few scrapes.

An incident management team from the U.S. Coast Guard is investigating to find out the way the yacht capsized.

The yacht’s 120 gallons of diesel didn’t leak – yet. Salvage efforts are underway to thwart environmental contamination.

Things went south quickly following the 9 p.m. launch for the yacht and its crew, based on Anacortes police captain Lou D’Amelio. The boat started to roll on its side in shallow water. The crew rushed in to the engine room to modify ballast. Obviously, that tactic failed.

As the ship persisted to roll, the engine room flooded, explains the Valley Herald. This is when the crew chose to abandon ship.