It is rumoured that what sank the Irish schooner / tallship 'Asgard 2' was a submerged but floating container that had been washed oof a ship in a stro some weeks earlier. She was actually lost in the Bay of Biscay at about 2 am. The hull was holed by something large. She sank in about 10 minutes but thanks to good training no-one was lost. The Government deigned to raise her and promptly cancelled its youth tall ship sail training programe.