Cork, Ireland, one of ten 68-foot ocean racing yachts competing in the Clipper 09-10 Round the World Yacht Race has struck a rock in the Java Sea, around 200 nautical miles north east of Jakarta. All 16 crew have been safely evacuated to two sister yachts, Team Finland and California. All are safe and their next of kin have been informed.

Read the full story here: http://www.yachtingworld.com/news/438354/round-the-world-racing-yacht-hits-rock

Here is a feed of the highest rated sailing and boating videos from YouTube.

Australian teenager Jessica Watson hopes to round Cape Horn today, part-way through her quest to become the youngest person to circumnavigate the world singlehanded and non-stop.

Watson, 16, sailed from Sydney on October 18 and has described Cape Horn as the half-way point for the trip aboard her 10-metre yacht, Ella's Pink Lady. "It's looking like we'll be rounding the Cape first thing tomorrow morning," Watson wrote on her blog. "Fingers crossed that the cloud lifts a little, and I get a half-decent view as we sail past."

Read more here: http://www.pbo.co.uk/news/438189/jessica-watson-nears-cape-horn

The America's Cup meeting in Singapore, designed to iron out differences between defender Alinghi and challenger BMW Oracle, has fallen apart despite two days of discussions in the presence of mediators.

Read more here: http://www.telegraph.co.uk/sport/othersports/sailing/6980825/Americas-Cup-meeting-falls-apart-as-furious-BMW-Oracle-head-back-to-the-courts.html

... Truly pathetic in my humble opinion. The greatest sailing prize is no more than a farce ...

Here's the one handed version for you

Port America’s Cup passers-by have been doing a double take recently due to the new arrival of two small weather planes at the Alinghi camp.

....I want one

Solo circumnavigator, Sam Davies has been crowned The 2009 YJA Pantaenius Yachtsman of the Year today (Tuesday 12th January), at an awards ceremony at Trinity House, London.

The award was presented by Sir Robin Knox-Johnston, himself a previous winner.

Read the full story here: http://www.pbo.co.uk/news/438062/sam-wins-yachtsman-of-the-year

British sailors claimed five of the top 10 places but could not finish among the medals in the 49er World Championship in Freeport, Bahamas.

Dylan Fletcher and Alain Sign finished fifth, sixth went to Chris Draper and Peter Greenhalgh, with Stevie Morrison and Ben Rhodes seventh.

Last year's silver medallists John Pink and Rick Peacock were eighth as Iker Martinez and Xabier Fernandez won gold.

Read the full story here: http://news.bbc.co.uk/sport1/hi/other_sports/sailing/8450637.stm

The sponsorship crisis in UK professional sailing enjoyed a brief respite when JP Morgan Asset Management announced a three year extension to its support of the Round the Island Race.

The investment bank, which first sponsored the annual regatta in 2005, also committed funds to backing Olympic sailor Ben Ainslie until 2012 when he hopes to compete in his fifth Olympic Games and claim his fifth medal.

The idea is simple. One person buys a boat and hands over the management to SailTime. The company then finds up to seven others who will pay to share sailing time with the owner. The non-owners pay a membership fee to SailTime that gives each of them the right to sail the boat on up to 42 days a year. In return for sharing the boat, the owner has it moored and maintained free of charge and receives a monthly leasing income.

Read more here: http://www.ft.com/cms/s/2/38ff2ae0-fa64-11de-beed-00144feab49a.html