Sources close to SuperyachtNews have reported that the 134m Fincantieri build, Serene, has run aground in the Red Sea, 20 nautical miles east of popular Egyptian holiday resort, Sharm El Sheikh. 

The vessel is reportedly bow-up on the rocks, and has sustained structural damage to the bulb, bow and hull. The hull has allegedly punctured forward – while there is no water ingress at present, there are concerns of her sustaining further damage on the rocks.

The cause is thought to be a navigational track error and propulsion failure, although this information is not yet confirmed.

The situation is said to be resolvable with a hull patch and ballast placed aft, however weather conditions have not favoured her removal, but are improving.

In 2015, the 2011 build was sold to the current owner for an undisclosed price in the largest brokerage deal of the year by some distance.

Yachting and mainstream media outlets did not reveal a consistent selling price for the deal, however those reported stretch from €350 million to €500 million, as specified in October 2015 by The New York Times.

SuperyachtNews will reveal more information on the collision as and when it is released. 

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