An Australian crewmember on the stricken Rambler 100, which capsized in high winds during yesterday's Rolex Fastnet Race, has told reported that he feels "lucky to be alive".

Mike Motti was one of five crew who were separated from the yacht when it overturned near Fastnet Rock off the Cork coast. 

He and his fellow crewmembers spent two hours adrift on a liferaft before they were rescued in foggy conditions which made the search all the more difficult.

“I’m feeling lucky to be alive, happy to be here and it’s great to see the local people here to greet us,” Motti told The Irish Times.

Fellow crewman Michael van Beuren said the yacht capsized within 30 seconds when its keel fin snapped in heavy seas.

All 21 crew were rescued from the yacht last night in an operation led by the Baltimore RNLI lifeboat and the Irish Coast Guard.