THIS is the dramatic moment the 140ft superyacht My Saga can be seen sinking off the coast of Italy after it was battered by a storm.

Nine people were rescued from the submerging vessel on Saturday as it sunk in the Gulf of Squillace, off the coast of Catanzaro Marina.

Dramatic footage shows the ship on the water for a few moments before it completely sinks stern-first. An investigation to determine what caused the vessel to sink has been launched.

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