A US entrant in this year's Rolex Fastnet Race capsizsed near Fastnet Rock off the Cork coast earlier this evening, The Irish Times reports.

Further to our previous report, The Irish Times notes that 22 people were on board the Rambler 100, which overturned in force-five winds at around 6.30pm this evening.

The Department of Transport confirmed that all crew have been accounted for, with 16 sitting in the hull of the boat and the remainer on life rafts. 

Rambler 100 rounds the Fastnet Rock. Photo: Daniel Forster/Rolex

RNLI Baltimore's lifeboat and the Irish Coast Guard are currently attending. Coastguard helicopters have also been dispatched, with naval vessel LE Clara giving assistance. The rescue effort has been hampered by misty conditions in the area this evening.

Baltimore lifeboat at the scene of the capsized Rambler 100. Photo: Carlo Borlenghi/Rolex

Rambler 100 recently set a new world record for the almost 3,000-nautical mile transatlantic crossing from Newport, Rhode Island to Lizard Point in Cornwall with a time of 6 days, 22 hours, 8 minutes and 2 seconds.

In other Fastnet action, there was disaster in IRC Z this afternoon for co-skippers Karl Kwok and Jim Swartz’s Farr 80 Beau Geste (HKG).

The yacht suffered a ‘structural problem’ while mid-away across the Celtic Sea en route to the Rock. She has since turned her bow back towards Land’s End. 

Yesterday there was another high profile retirement when Johnny Vincent’s TP52 Pace (GBR) returned to her berth in the Hamble with mast problems. 

In the Class 40s John Harris’ GryphonSolo2 (USA) has also pulled out, retiring to Dartmouth with sail damage.