Chinese "Titanic" Sank Right After Launch

SS Jiugang doesn't actually mean "Titanic" in Chinese, but it sure acted like one. The $2.6 million Chinese yacht was launched with much fanfare, but immediately sank like a rock!

But in a horrifying turn of events for the makers, the vessel immediately dropped like a block of concrete as it entered the water, becoming hopelessly submerged in the Yellow River. The ceremony on September 29th was intended to cast the 104-foot (32-meter) houseboat downstream – they just didn't anticipate which form of down the boat would go.

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