Hosting the Tall Ships brings a massive boost to Falmouth, worth £6,000,000 to the local economy. Hotels and B&B's have been booked up for months in advance. Many are expecting their busiest trading period ever, as thousands flock to the town to catch a glimpse of those majestic ships.
"We've been booked up for a couple of months now and really Falmouth is full throughout this festival which is fantastic news for all the hoteliers, all the shopkeepers, all the restauranteurs."
Richard Gates is Falmouth's Town Manager...
Some of the world's most beautiful sailing vessels are gathered in Falmouth tonight for the Tall Ships Regatta.
More than 200,000 people are expected to visit over the next four days, bringing a £12 million boost to the local economy. It's the first time since 2008 that the event's come to Cornwall.
An air and sea search of the River Helford near Falmouth overnight has so far failed to find a missing swimmer. The alarm was raised at 11.30 last night when the man, who's in his 20s, failed to return from a snorkelling expedition. Police and coastguard teams remain at the scene.
A woman had to be airlifted to hospital after suffering an allergic reaction to a weever fish sting at a beach in Cornwall.
The 20 year old woman collapsed after stepping onto the venomous spikes of the animal whilst paddling at Gyllyngvase beach in Falmouth this weekend. She was then was airlifted to Royal Cornwall Hospital. Although the animals are common in the area, allergic reactions to it are rare.
A grandmother has been speaking of the moment she was almost killed by a falling shop sign. 79-year-old Patricia Tutton was shopping in Falmouth when a sign weighing four stone knocked her to the ground, causing numerous injuries.
She's says she's disappointed that the sign fitter has avoided prosecution. Kathy Wardle reports:
It was horrendous, it really was, and when my daughter came straight to the hospital, she couldn't come in the ward; she just saw a glimpse of me and she just broke down. [...] I'm really quite angry about it all. I think it's taken unnecessary time and we're still getting all the correspondence. It's still ongoing, I'll just be glad now when it's all just finished."
Patricia Tutton, 80, was nearly killed when the 4-stone sign broke free from the Mountain Warehouse shop in Falmouth, three years ago. The firm responsible for fitting the sign, New Life Signs Installations, was due to be prosecuted this week.
However, they have accepted a caution and agreed to pay their legal costs, thereby avoiding prosecution. Mrs Tutton, who has been left with long-term spinal injuries, believes that penalty is not enough.
A spokeswoman for the Maritime and Coastguard Agency confirmed Falmouth Coastguard had been involved in the rescue operation.
From our conversations with the members of Team Pacific Rowers over the previous 24 hours we understand that Britannia 4 had been gradually taking on more and more water and that despite the crew's attempt to stem the ingress, the water level became insurmountable and an evacuation was deemed necessary.
Our support yacht was despatched to their location earlier in the day and arrived on scene shortly before dusk. However due to dangerous weather conditions they were unable to attempt rescue themselves without risking the lives of the crew.
The US Coast Guard rescued four males off an ocean rowing boat this afternoon,. They do not have any injuries and were safely recovered.
Four rowers have been airlifted to safety after their boat began sinking during a race across the Pacific.
Fraser Hart, 33, from Tunbridge Wells, Sam Collins, 24, from Cornwall, James White, 35, from London and Colin Parker, 35, from New Zealand, were taking part in the Great Pacific Race.
The crew set off to row the 2,400 nautical miles from Monterey, California to Honolulu, Hawaii on Wednesday.
Their boat began taking on water and despite their efforts to stem it, evacuation was deemed necessary when they reached 77 nautical miles due west of Morro Bay.
More details have been released today about the Tall Ships Regatta which takes place in Falmouth at the end of August.
47 vessels will visit the port, compared to just nineteen when the regatta was last held in Falmouth in 2008.
More than a hundred thousand people are expected to visit the event which will be held over four days before the ships head for Greenwich.