42.6m Lubenico, launched in 1970 has been severely damaged after catching fire at sea.

The fire broke out with the yacht under steam off the coast of Philippines, with the source being reported as an exhaust pipe.

En route to Manila when the distress call was made to the local coastguard, all nine of Lubenico?s crew were rescued and taken ashore.

The video footage below strongly suggests that, once salvaged, Lubenico will be declared a total loss.