Divers recover 5 bodies from wrecked superyacht off Sicily; 1 still missing

PORTICELLO, Sicily (AP) — Divers searching the wreck of a superyacht that sank off Sicily found the bodies of five passengers Wednesday, leaving one still missing as questions intensified about why the vessel sank so quickly when a nearby sailboat remained largely unscathed.

Rescue crews brought four body bags ashore at Porticello. Salvatore Cocina, head of the Sicily civil protection agency, said a fifth body had been located. Divers on-scene said they would try to recover it on Thursday while continuing the search for the sixth.

The discovery made clear the operation to search the hull on the seabed 50 meters (164 feet) underwater had quickly turned into a recovery one, not a rescue, given the amount of time that had passed and with no signs of life over three days of searching.

The Bayesian, a 56-meter (184-foot) British-flagged yacht, went down in a storm early Monday as it was moored about a kilometer (a half-mile) offshore. Civil protection officials said they believed the ship was struck by a tornado over the water, known as a waterspout.

Fifteen people escaped in a lifeboat and were rescued by a nearby sailboat. The body of the ship's chef, Recaldo Thomas of Antigua, was recovered Monday.

Thomas was born in Canada, according to his cousin David Isaac, but visited his parents’ homeland of Antigua as a child, and moved permanently to the tiny eastern Caribbean island in his early 20s. Italian officials previously listed Antigua and Canada as the nationality of people on board.

The fate of six missing passengers had driven the search effort, including British tech magnate Mike Lynch, his 18-year-old daughter and associates who had successfully defended him in a recent U.S. federal fraud trial.

Lynch’s spokesperson did not respond to a request for comment Wednesday.

Meanwhile, Termini Imerese Public Prosecutor’s Office investigators were acquiring evidence for their criminal investigation, which they opened immediately after the tragedy despite no formal suspects having been publicly identified.

Questions have abounded about what caused the superyacht, built in 2008 by Italian shipyard Perini Navi, to rapidly sink, when the nearby Sir Robert Baden Powell sailboat was largely spared and managed to rescue the survivors.

Giovanni Costantino, head of The Italian Sea Group, which owns the ship maker, blamed human error for the disaster, which he said took 16 minutes. “The ship sank because it took on water. From where, the investigators will say,” he told RAI state television after he met with prosecutors.

Costantino cited AIS ship tracking data which he said showed the Bayesian had taken on water for four minutes when a sudden gust of wind flipped it and it continued taking on water. The ship straightened up slightly and then went down, he said.

But was it merely the case of a freak waterspout that knocked the ship to its side and allowed water to pour in through open hatches? What was the position of the keel, which on a large sailboat like the Bayesian might have been retractable to allow it to enter shallower ports?

“There’s a lot of uncertainty as to whether it had a lifting keel and whether it might have been up,” said Jean-Baptiste Souppez, a fellow of the Royal Institute of Naval Architects and the editor of the Journal of Sailing Technology. “But if it had, then that would reduce the amount of stability that the vessel had, and therefore made it easier for it to roll over on its side,” he said in an interview.

The captain of the sailboat that rescued survivors said his craft sustained minimal damage — the frame of a sun awning broke — even with winds that he estimated reached 12 on the Beaufort wind scale, which is the highest hurricane-strength force on the scale.

He said he had remained anchored with his engines running to try to maintain the ship’s position as the forecast storm rolled in.

“Another possibility is to heave anchor before the storm and to run downwind at open sea,” Karsten Borner said in a text message. But he said that might not have been possible for the Bayesian, given its trademark 75-meter (246-foot) tall mast.

“If there was a stability problem, caused by the extremely tall mast, it would not have been better at open sea,” he said.

Yachts like the Bayesian are required to have watertight, sub-compartments that are specifically designed to prevent a rapid, catastrophic sinking even when some parts fill with water.

The underwater search continued in dangerous and time-consuming conditions. Because of the wreck’s depth, which requires special precautions, divers working in pairs could only spend about 12 minutes at a time searching, though reinforcements outfitted with special equipment to enable longer dives were on the wreck Wednesday.

In all, some 27 divers took rotations, including four who helped with recovery after the 2012 Costa Concordia disaster off Tuscany. They called the Porticello wreck a “little Concordia,” fire crews said in a statement.

The limited dive time was aimed in part at avoiding decompression sickness, also known as the “bends,” which can occur when divers stay underwater for long periods and ascend too quickly, allowing nitrogen gas dissolved in the blood to form bubbles.

“The longer you stay, the slower your ascent has to be,” said Simon Rogerson, the editor of SCUBA magazine. He said the tight turnaround time suggested the operation's managers were trying to limit the risks and recovery time after each dive.

“It sounds like they’re operating essentially on no decompression or very tight decompression, or they’re being extremely conservative,” he said.

Divers were also working with debris floating around them, limited visibility and air tanks on their backs.

“We are trying to advance in tight spaces, but any single thing slows us down,” said Luca Cari, spokesman for the fire rescue service. “An electric panel could set us back for five hours. These aren’t normal conditions. We’re at the limit of possibility.”

Winfield reported from Rome and Kirka from London. Associated Press journalists Trisha Thomas in Rome; Andrea Rosa in Porticello; and Anika Kentish in St. John’s, Antigua, contributed to this report.

This story has been corrected to reflect that Thomas was born in Canada, not Antigua.

Emergency services at the scene of the search for a missing boat, in Porticello, southern Italy, Tuesday, Aug. 20, 2024. Rescue teams and divers returned to the site of a storm-sunken superyacht Tuesday to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

Italian Coast Guard officials bring ashore in a bag the body of one of the victims of the UK flag vessel Bayesian, Wednesday, Aug. 21, 2024. The sail yacht was hit by a violent sudden storm and sunk early Monday, while at anchor off the Sicilian village of Porticello near Palermo, in southern Italy. (AP Photo/Salvatore Cavalli)

Italian Firefighters scuba divers bring ashore in a bag the body of one of the victims of the UK flag vessel Bayesian, Wednesday, Aug. 21, 2024. The sail yacht was hit by a violent sudden storm and sunk early Monday, while at anchor off the Sicilian village of Porticello near Palermo, in southern Italy. (AP Photo/Salvatore Cavalli)

Italian Firefighters scuba divers bring ashore in a blue bag the body of one of the victims of the UK flag vessel Bayesian, Wednesday, Aug. 21, 2024. The sail yacht was hit by a violent sudden storm and sunk early Monday, while at anchor off the Sicilian village of Porticello near Palermo, in southern Italy. (AP Photo/Salvatore Cavalli)

Scuba divers of the Italian Firefighters corp at the scene of the search for a missing boat, in Porticello, southern Italy, Wednesday, Aug. 21, 2024. Rescue teams and divers returned to the site of a storm-sunken superyacht Tuesday to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

Italian Firefighters scuba divers bring ashore in a green bag the body of one of the victims of the UK flag vessel Bayesian, Wednesday, Aug. 21, 2024. The sail yacht was hit by a violent sudden storm and sunk early Monday, while at anchor off the Sicilian village of Porticello near Palermo, in southern Italy. (AP Photo/Salvatore Cavalli)

Italian firefighter divers bring ashore in a green bag the body of one of the victims of the UK flag vessel Bayesian, Wednesday, Aug. 21, 2024. The luxury sail yacht was hit by a violent sudden storm and sunk early Monday, while at anchor off the Sicilian village of Porticello near Palermo, in southern Italy. (AP Photo/Salvatore Cavalli)

Italian firefighter divers bring ashore in a green bag the body of one of the victims of the UK flag vessel Bayesian, Wednesday, Aug. 21, 2024. The luxury sail yacht was hit by a violent sudden storm and sunk early Monday, while at anchor off the Sicilian village of Porticello near Palermo, in southern Italy. (AP Photo/Salvatore Cavalli)

Italian firefighter scuba divers bring ashore, in the green bag, the body of one of the victims from the British-flagged vessel Bayesian, Wednesday, Aug. 21, 2024. The yacht was hit by a violent sudden storm and sank early Monday, while at anchor off the Sicilian village of Porticello near Palermo, in southern Italy. (AP Photo/Salvatore Cavalli)

An Italian Firefighters helicopter flies over the harbor of Porticello, southern Italy, Tuesday, Aug. 20, 2024, as rescue teams and divers returned to the site of a storm-sunken superyacht to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

An Italian Firefighters helicopter flies over the harbor of Porticello, southern Italy, Tuesday, Aug. 20, 2024, as rescue teams and divers returned to the site of a storm-sunken superyacht to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

A view of the Hotel Domina Zagarella which hosts the survivors of the Bayesian's shipwreck in Porticello, southern Italy, Tuesday, Aug. 20, 2024. Rescue teams and divers returned to the site of a storm-sunken superyacht Tuesday to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

People gather at the harbor of Porticello, southern Italy, Tuesday, Aug. 20, 2024, as rescue teams and divers returned to the site of a storm-sunken superyacht to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

Emergency services at the scene of the search for a missing boat, in Porticello, southern Italy, Tuesday, Aug. 20, 2024. Rescue teams and divers returned to the site of a storm-sunken superyacht Tuesday to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

Scuba divers arrive at the harbor of Porticello, southern Italy, Tuesday, Aug. 20, 2024. Rescue teams and divers returned to the site of a storm-sunken superyacht Tuesday to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

Italian Firefighters scuba divers return to the harbor with a body bag, Wednesday, Aug. 21, 2024, in the Sicilian village of Porticello near Palermo, in southern Italy. (AP Photo/Salvatore Cavalli

Emergency services at the scene of the search for a missing boat, in Porticello, southern Italy, Tuesday, Aug. 20, 2024. Rescue teams and divers returned to the site of a storm-sunken superyacht Tuesday to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli)

FRANKFURT, Germany (AP) — With inflation subsiding, the European Central Bank cut interest rates again on Thursday to prop up tepid growth with lower borrowing costs for companies and home buyers. The U.S. Federal Reserve likely won’t be far behind in joining the rate-cutting process.

The bank’s rate-setting council lowered the deposit rate from 3.75% to 3.5% at a meeting at its skyscraper headquarters in Frankfurt.

It was the second rate cut as the bank starts to withdraw some of the swift rate increases it imposed to snuff out a burst of double-digit inflation that broke out after Russia cut off most natural gas supplies over its invasion of Ukraine.

But experts don't expect a rapid series of rate cuts from either the ECB or the Fed central bank to anywhere near the rock-bottom levels from before the 2020 outbreak of the COVID-19 pandemic. They say the ECB will tiptoe, rather than slash, and might cut rates only one more time this year. Inflation's down with the help of lower oil prices.

Inflation in the 20 countries that use the euro currency fell to 2.2% in August, not far from the ECB’s 2% target, down from 10.6% at its peak in October, 2022.

At her post-decision news conference, bank President Christine Lagarde said recent data had confirmed “our confidence that we are heading towards our target in a timely manner.”

But she steered clear of any guidance on further cuts. She said the bank would make rate decisions on a meeting by meeting basis depending on incoming information about the economy and was "not pre-committing to a particular rate path.”

Policy makers must keep an eye on simmering inflation among services companies and rising wages as workers push to make up for purchasing power lost to the outburst of inflation that followed the end of the pandemic.

The ECB cut once in June and then hit pause in July before going on summer break in August. The rate-setting council led by President Christine Lagarde has to juggle concerns about a disappointing outlook for growth against - which argues for cuts - against the need to make sure inflation is going to reach the bank’s 2% target and stay there - which would support keeping rates higher for a bit longer.

Consumer prices spiked after Russian cut off most natural gas shipments to Europe over its February, 2022 invasion of Ukraine, sending utility bills higher. The rebound from the pandemic also led to bottlenecks in supplies of parts and raw materials, further boosting inflation that then spread more broadly to services, a broad category that includes medical care, personal services such as haircuts, restaurants, hotels and entertainment.

The ECB and the Fed responded with swift rate rises, the ECB bringing its benchmark rate to a record high of 4%, since cut in June to 3.75%.

The central bank’s benchmark rate strongly influences what private-sector banks pay to borrow - and through that rates across the rest of the economy. Higher rates cool inflation by making it more expensive to borrow and buy things, holding back price rises. But high rates can slow growth, and that worry is coming into focus.

Higher rates in Europe and the U.S. have meant increased mortgage costs for home buyers, and higher payments for people who run credit card balances or buy cars on credit. But they have been a boon to savers and retirees who like interest income and are getting visible returns on their bank holdings or money market accounts after years of zero returns.

The Fed is also expected to make a first cut in its benchmark rate at its Sept. 17-18 meeting from a 23-year high of 5:25%-5.5%. Consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. It was the fifth straight annual drop in inflation. Core inflation excluding volatile fuel and food - which can be a better guide - was higher at 3.2%.

“The long-awaited Fed easing cycle is upon us,” said Brian Coulton, chief economist at Fitch Ratings, but the Fed rate-setters “will be cautious after the inflation challenges of the past few years. The pace of rate cuts will be gentle and monetary easing won’t do much to boost growth next year.”

Europe growth has been sluggish, at 0.3% in the second quarter of this year and a roughly 1.0% annual rate based on performance in the first half. That follows more than a year of near-zero stagnation. Hopes for a more robust pickup have been dampened by recent indicators of business and consumer sentiment, and by a stream of bad news from the eurozone’s biggest economy, Germany.

Germany contracted by 0.1% in the second quarter and its outlook remains gloomy amid a global slowdown in manufacturing. On top of that come long-term factors such as an ageing population, shortage of skilled workers, lagging implementation of digital technology, and excessive bureaucracy that slows down business creation and expansion. Major employer Volkswagen has dropped its no-layoffs pledge that was to run through 2029 as it seeks to cut costs, and has warned it may need to close one or more factories in Germany amid weaker demand for its new electric vehicles in Europe and in China.

FILE - A light installation is projected onto the building of the European Central Bank during a rehearsal in Frankfurt, Germany, Thursday, Dec. 30, 2021. (Photo/Michael Probst, File)