'Raw Faith' Sinks 1 Day After Crew's Rescue

BOSTON (CBS) -- The 88-foot sailing vessel Raw Faith sank Wednesday morning off the coast of Nantucket.

The two-person crew of the Raw Faith, Capt. George McKay and a deck hand named Andre, were rescued Tuesday afternoon, by a Coast Guard Air Station Cape Cod crew.

The Raw Faith departed Salem, Mass., en route to Bermuda when it became disabled.

The Coast Guard said the men were unprepared for their voyage, having only one survival suit between the two of them and encountering 15-foot seas and winds up to 30 knots. The Coast Guard attempted to use a helicopter to deliver additional safety gear to the ship on Monday, but wasn't able to because of the weather.

They were able to make the delivery Tuesday.

On Tuesday afternoon, before being lifted to the helicopter, the crew made the decision to evacuate the ship and got in the water in survival suits.

The boat is not considered a hazard to navigation and due to water depth (6,000 feet), there is no plan for salvage.

Currently there have been no reports of pollution.

According to its website, RawFaith is a 118-foot, three-masted tall ship. She was launched in 2003 by Captain McKay.

McKay designed and built the ship, which is wheelchair accessible, and offers free trips to people who use wheelchairs who want to learn how to sail.