16 rescued after luxury yacht sinks

Sixteen people were rescued after a luxury yacht caught fire and sank off Australia's far north Queensland coast Thursday.

Eight passengers and eight crew were on board the Seafaris when the fire broke out on the 41-metre super yacht in Cow Bay in Daintree region, Xinhua reported.

Those on board were forced to abandon the yacht before it sank. They were picked up by a bulk carrier that heard the Mayday call from the yacht.