The 42.6m Lubenico, launched in 1970 from the Kurushima shipyard in Japan, has been severely damaged after catching fire at sea.

The fire broke out with the yacht under steam off the coast of Philippines island Bilian, with the source being reported as an exhaust pipe by local Filipino media.

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.

According to data sourced from SuperyachtIntelligence.com this vintage yacht was fitted with a Hanshin Diesel Works GL27BSH engine, propelling her to a top speed of 10 knots. She was not MCA approved.

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