VIDEO: Sailboat vs. oil tanker

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A racing sailboat and an oil tanker collided during the Aberdeen Asset Management Cowes Week regatta, knocking one crewmember overboard and bringing down the rig.

There were no serious injuries aboard the yacht, which is named Atalanta. Published reports identify her as a Corby 33. The accident occurred Aug. 6 off Egypt Point, Isle of Wight, during the first day of the regatta, according to the event's press agency, WSM Communications, which has offices in London and Wilton, Conn.

Click play to watch the collision.

"An official investigation will take place, but we cannot offer further details until this has occurred," says WSM public relations manager Ben Cummings.

The video shows the 870-foot tanker Hanne Knutsen T-boning the sailboat’s port side. As Atalanta slides along the ship's port bow, the spinnaker gets snagged in its anchor, dismasting the yacht. Four RIBs sped to the scene seconds after the mishap.

First held in 1826, Cowes Week is one of the longest-running sporting events in the United Kingdom. The eight-day regatta takes place each August in the Solent off Cowes.

About 1,000 boats participate, from high-tech racers to daysailers. This year’s regatta runs through Aug. 13.