CAPSIZED yacht Skandia was being rescued today more than 24 hours after a dramatic sea rescue involving a Hampshire sailor.

Southampton-based Will Oxley was among crew saved from the £1.5m 98ft superyacht during one of the world's toughest sailing challenges, the Sydney Hobart Race.

Yesterday a tugboat loaded with divers and airbags was heading for the stricken vessel floating off the east coast of Tasmania.

Skipper Grant Wharington said he hoped the hull of the yacht, which last year won the tough race, could be salvaged and refitted.

Meanwhile, the first boat in what is fast becoming one of the most troubled races in the event's 60-year history has crossed the finish line.

Superyacht Nicorette arrived in Hobart, Tasmania, after covering the 630 nautical mile course in just two days and 16 hours.

But British yacht Aera, skippered by Lymington's Jez Fanstone, looks like taking the handicap lead.

At just 55ft, it crossed the line after racing for three days, two hours and 33 minutes - making it the yacht to beat for remaining competitors.

More than 50 yachts have now retired from a start line of 116, due to gale-force winds of 40 and 50 knots and mountainous seas. Latest reports say the bad weather is easing.

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