Y.CO has released the following statement regarding the accident of a KIBO crewmember. As KIBO’s management company, Y.CO has come under scrutiny from the crewmember’s family who, according to the Daily Mail, have suggested that the accident could have been avoided.

“Following on from our statement of 29 May regarding the serious crew casualty that occurred onboard motor yacht KIBO on Sunday 3 May, Y.CO is able to provide the following updates.

The crew member’s condition is stable and he continues to receive care at a leading hospital in the UK with the appropriate specialist facilities. The vessel’s insurer continues to provide every necessary assistance to the crew member and his family. As the yacht’s management company, and on behalf of the vessel’s Owners, Y.CO is providing post-incident support to all parties and working closely with the vessel’s insurers and Owners to coordinate the full coverage of immediate and ongoing medical expenses, as well as the provision of additional funds to enable his family to remain by his side.

In addition, rehabilitation experts have been assigned to the case in conjunction with the insurers and are working closely with the patient. As part of their service, a case manager specialized in his type of injury is liaising with the hospital and family to provide independent medical advice and assistance.

The inquiry into the incident by the Cayman Islands Flag State is ongoing, and a Maritime Authority representative of the Cayman Islands has been appointed to the case. Y.CO is supporting the inquiry and offering comprehensive assistance whilst a full report is being compiled. The full report will be publically available upon completion.

Gary Wright, Co-Founder and Chairman of Y.CO, said: “As the yacht’s managers we remain extremely saddened by this incident and our current priority is offering our full support to the crew member’s family, whom I and my team are in regular contact with, and ensuring that all possible medical and financial assistance is being provided to them by the yacht’s Insurers, and Owners.

Y.CO is also focused on reinforcing to Captains, Officers and crew within our management fleet the importance of following safety procedures onboard and the severity of the consequences of failure to do so to ensure all efforts are taken to minimize the risk of a terrible incident such as this from occurring again in our industry.”