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The US Navy found the hull of the yacht Cheeki Rafiki, the Foreign Office has confirmed. Officials said there is still no sign of the missing yachtsmen.
The US Coastguard says a US naval ship searching in the Atlantic has found the hull of the Southampton yacht, Cheeki Rafiki. They located the boat a week after the vessel and her four-man crew went missing on a voyage back from the Caribbean.
A Navy diver has confirmed the name of the yacht and has banged on the hull to see if anyone is inside. The cabin of the boat appeared to be flooded. They have not found the yacht's life raft.
The US Coast Guard reportedly said it has found the hull of the missing Cheeki Rafiki yacht in the North Atlantic Ocean.
Graham Male, father of James Male has said the families of the four yachtsmen missing in the Atlantic, remain positive despite the search nearing its end.
Mr Male said: "All the families are staying very strong, although the search at some point is going to be suspended at this point the search is still happening so we've got to stay positive.
"We know our boys out there will be positive still and we need to stay strong and positive as they would be for us."
The Foreign Office has released this statement on behalf of the families of the missing sailors:
Colleagues from the company that trained the four missing British yachtsmen said that while they are "devastated" that they have not been found, but added that they remain hopeful they will return home.
A statement from Stormforce Coaching Team said: "We remain devastated that the four missing crew from the yacht Cheeki Rafiki, Andrew, James, Paul and Steve have still not been found.
"We remain hopeful that they will return home safely."
"We are focused on working with the relevant authorities in the UK and the US and our thoughts remain with Andrew, James, Paul and Steve and their families."
The families of the missing British yachtsmen are to meet with representatives from the Foreign Office later today, ITV News understands.
Relatives also met Foreign Office officials yesterday. The sailors have been missing since May 16 while on their route back from Antigua back to the UK.
In other developments, US officials have said that the search will end today unless new leads are found. It is understood that an RAF Hercules, which has been assisting the search, will continue beyond the American operation.
Foreign Office Minister Hugh Robertson said he spoke to the families of the four missing sailors last night to inform them of the US coast guard's decision to suspend the search, saying it had gone "above and beyond" in its efforts to find them. He said:
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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.