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Maritime Law-Capsizing of Yacht on Launch Calls for NTSB Investigation

Yachting Magazine and other similar sources report that the National Transportation Safety Board has taken over the investigation of a capsizing that occurred May 18, 2014 in Anacortes, Washington, during the launch of a brand-new 90-foot motoryacht. The capsized yacht was reportedly constructed by New World Yacht Builders doing business as Northern Marine. Northern Marine was founded in 1995 and in 2009, former Northern Marine employee Andy McDonald founded New World Yacht Builders, which leased the Northern Marine name along with equipment and other assets and has been doing business as Northern Marine.
Vessel beginning to capsize. Photo taken from Yachting Magazine
The U.S. Coast Guard completed an initial investigation into the incident before handing the matter over to the NTSB, according to both agencies. The NTSB investigation is expected to take several months. The NTSB are investigating this incident because it is considered a major marine casualty. Major marine casualties are incidents with estimated damage over $500,000. At the time of the failed launch, the yacht was listed for sale on the brokerage market for $9.2 million.
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