A US Navy warship helicopter crew located the overturned hull of the Cheeki Rafiki 1,000 miles offshore Massachusetts and within the US Coast Guard's search area, Friday.
The warship diverted to the location and deployed a boat crew and surface swimmer to assess the boat.
The surface swimmer confirmed the name on the ship was Cheeki Rafiki and went in the water to investigate further. The swimmer determined the boat's cabin was flooded and windows were shattered, contributing to the complete flooding inside.
The U.S. Coast Guard made an announcement that search operations would be suspended at midnight Friday unless new information or sightings suggested the crew would still be alive. None of the current developments indicate that to be the case.
With no sign of a life raft or of debris, and with nearly 20,000 square miles having been searched, the hunt continues for another day.
Veteran yachtsman Tony Bullimore tells ITV News that there is a "strong possibility" the yachtsmen are still alive in the life raft.