Nero is one of the world's largest luxury yachts measuring 90.1 metres in length. The design was inspired by J.P. Morgan's Corsair yachts.

The incident occured because of a support panel giving way as the yacht was being relaunched, according to local newspaper Primocanale.it.

Damage of the yacht itself is currently unknown. Four people have been injurde and the rest of the passenger and the crew are safe. According to report, fire service has attended the scene.

Maritime Business World