HM Coastguard are working with other agencies to arrange recovery of the vessel ‘Barracuda III’ from its listed position near to the Sundial Cafe on the Esplanade.
Island Echo understands the vessel left Hayling yesterday evening (Wednesday) before motoring towards Sandown Bay. Although the crew dropped anchor, the anchor dragged and the boat run hard aground.
Unfortunately, the vessel’s structure has deteriorated and the hull is no longer watertight meaning the cruiser has sunk with the incoming tide.
Discussions are underway on how best to recover the wreck, which is said to be uninsured for such loss.
There is currently no signs of pollution although debris from on board the boat is floating out to sea.
UPDATE @ 10:05 – Bembridge Coastguard Rescue Team have now left the scene, but are expected to return at low tide this afternoon when recovery of the vessel will be attempted.
UPDATE @ 13:50 – The Isle of Wight Council are urging members of the public to stay away from the vessel, which is to be hauled up the beach later on this afternoon.
UPDATE @ 17:30 – Thanks to the efforts of contractors, Brighstone Landscaping, the Isle of Wight Council and HM Coastguard the vessel has been pulled to safety and now sits above the high water mark.
A 1939 former Army gun carrier has been used to winch the boat – thought to weigh around 14 tonne – across the sand with great success.
Members of the public should keep their distance from the vessel, which remains unsafe. A cordon has been established around the boat and a section of the beach while the salvaging company deal with the removal of the vessel, and contractors ensure the beach is fully cleared.
It is hoped, but not certain, that the vessel will be removed from the beach later today.