Since China has a ton of people making a ton of money these days, they’re just spending it wildly. Like buying $US2.5 million yachts that don’t work. As the yacht was entering the water for the first time, it started sinking and eventually capsized.
SS Jiugang, the sinking boat’s name, was supposed to embark on its maiden voyage in the Yellow River near Lanzhou, China. She never made it. Supposedly, the ship’s accident was “due to improper handling from the builders who mistakenly estimated the water level causing the water level to exceed the limit, leading to the rear half of the ship to take on water and sink.” Thankfully, no one was injured or killed and only a few suffered from a severe case of buyer’s remorse.
Workers somehow got the sinking ship out of the water and are now making the proper repairs so it can cruise the waters instead of chilling at the bottom of the sea. Good idea. [China Smack via The Daily What]



















luck
Friday, October 14, 2011 at 9:31 AMfail
Paulie Vee
Friday, October 14, 2011 at 9:33 AMlol posted at the same time great minds think alike!
Drongo
Friday, October 14, 2011 at 12:25 PMDumbarses can also think alike. In fact it’s far more common
Paulie Vee
Friday, October 14, 2011 at 1:11 PMand with a name like that do we need to say more! GFYS!!!
Paulie Vee
Friday, October 14, 2011 at 9:32 AMFAIL!!!
Jono
Friday, October 14, 2011 at 9:34 AMChinese engineering…
Sam
Friday, October 14, 2011 at 9:41 AMand we import their cars?
Box Guru
Friday, October 14, 2011 at 11:49 AMYes. I believe the most recent arrival got a 2 star ANCAP rating.
mike
Friday, October 14, 2011 at 9:45 AMThat’s not really a yacht
Stefan
Friday, October 14, 2011 at 11:14 AMjesus, these people bagging on the boat, when it was clearly because they decided to put it in at low tide.
Well that and the sides are really low for some reason.
Mav
Friday, October 14, 2011 at 12:31 PMwell……I am surprised it didn’t blow up.
Kendal
Friday, October 14, 2011 at 12:44 PMWe all live in a yellow (river) submarine.
Geoff
Saturday, October 15, 2011 at 1:20 PMCheck out how shallow the draft is. No wonder boats and ferries keep capsizing overseas.
J
Wednesday, October 19, 2011 at 1:53 PMif your going to spend 2.5mill on a stupid boat like that you should be able to afford to get Professionals to put it in (and hopefuly afford insurance $_$)