Mayday! Shocking moment million-dollar yacht is sunk after a crane harness snaps, sending it plunging into the water

  • Nail-biting footage begins with the vessel being suspended by a crane
  • As it's being lifted onto a boat the front starts to ominously tilt forwards
  • All of a sudden the cables snap and the yacht catapults into the water

By Becky Pemberton For Mailonline

Published: 11:08 EST, 3 March 2016 | Updated: 07:30 EST, 4 March 2016

Mega-rich yacht owners look away now.

This is the horrifying moment a million-dollar vessel slips out of its harness and plunges upside down into the water below.

A video of the heartstopping incident begins with the expensive white vessel suspended in the air over the water by a large crane.

The heart-stopping clip begins with the expensive white vessel being suspended and transported in the air by a large crane
The heart-stopping clip begins with the expensive white vessel being suspended and transported in the air by a large crane

The heart-stopping clip begins with the expensive white vessel being suspended in the air by a large crane

As it slowly inches away from the water onto a huge boat, the front of the yacht starts to ominously tilt forwards in its harness.

All of a sudden the cables snap and give way, and the yacht catapults forwards into the water, landing upside down.

As water rushes inside the yacht, it starts to sink.

As it slowly inches away from the water, the front of the yacht starts to ominously tilt forwards in its harness

As it slowly inches away from the water, the front of the yacht starts to ominously tilt forwards in its harness

All of a sudden the cables snap and give way and the yacht catapults forwards into the water 

All of a sudden the cables snap and give way and the yacht catapults forwards into the water 

As water rushes inside the yacht, it starts to slowly sink in the water - positioned upside down
As water rushes inside the yacht, it starts to slowly sink in the water - positioned upside down

As water rushes inside the yacht, it starts to slowly sink in the water

It follows footage and photos that emerged last year showing a superyacht sinking off the coast of the idyllic Greek island of Mykonos.

Local reports said four foreigners were on board the superyacht – believed to be the Aloha – when it ran aground on a reef at dawn.

It's thought that the vessel had a market value of approximately £4million ($6.2million),

It is not clear exactly how much damage was caused, but the yacht is estimated to cost seven figures
It is not clear exactly how much damage was caused, but the yacht is estimated to cost seven figures

It is not clear exactly how much damage was caused, but the yacht is estimated to cost seven figures

Footage and photos emerged last year showing a multimillion-pound superyacht sinking off the coast of the idyllic Greek island of Mykonos

Footage and photos emerged last year showing a multimillion-pound superyacht sinking off the coast of the idyllic Greek island of Mykonos

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