A motoryacht, reportedly the 37m Fusion, was captured on camera taking on water near Ibiza yesterday, the 19 July. Local reports suggest that eight guests were on board during the time of the incident.

No injuries have been reported and the local emergency services allegedly arrived on the scene before the yacht was submerged further.

Fusion was built in 2012 by Peri Yachts and designed by Scaro Design.

Credit: Source Luxury

While the cause is not yet known, the incident was quickly shared on social media and one source suggests that moorings wrapped round the yacht's propellers, resulting in the boat being unable to move and dragged onto the rocks, caused the sinking.

The news comes a few days after a tender reportedly lost control and crashed into a superyacht that was moored in Ibiza.

SuperyachtNews.com will keep readers up to date once more details are revealed.