The video, released by the coast guard, shows the yacht named My Saga struggling against the waves before sinking near Catanzaro Marina on Saturday. The video shows the boat lying on one side before it sank. Guardia Costiera The boat eventually sank on its stern. Guardia Costiera Employees rescued nine people from the boat. Guardia Costiera Officials confirmed that nine people were rescued from the sinking boat. The causes of the incident are being investigated. Designed by naval architect Tim Heywood, My Saga was built in Italy in 2007. At the time of the incident, the vessel was en route from Gallipoli to Milazzo under the flag of the Cayman Islands.