A $6.8 million superyacht owned by a New Zealand businessman has sunk after catching fire in England.
The Kahu, a 23m vessel described as a "successful luxury ocean explorer", caught fire and subsequently sank while moored at a marina in the Isle of Wight last week.
The boat was owned by Paul Rudling, 64, who has recently returned to New Zealand after founding a successful advanced composites company and, more recently, a wind turbine rotor company.
The two-year-old superyacht was advertised for sale at the time of the fire. The listing noted Mr Rudling was an experienced yachtsman who was "very much involved at the design, specification and build stage".
The vessel boasted "stylish wooden venetian blinds, honey coloured Novasuede panels and custom teak joinery", creating a "homely long-term cruising motor yacht".