$2.5. million Chinese yacht goes straight down on its maiden voyage | The Upshot - Yahoo! News (http://news.yahoo.com/blogs/upshot/2-5-million-chinese-yacht-goes-straight-down-161517593.html)

Looks like they botched the launch to me. Its a river tour boat , not seaworthy at all but then again it will likely never see the sea.

Anyway , must have been a bad day for the guy in charge of that project! :)