mv fiasco close to foundering

In news just in ; The MV Fiasco,captained by Capt Bob Peppard,assisted by his merry band of fools,is close to foundering off the Cote D'Ivoire . This ship of fools collided with a oil drilling vessel 6 weeks ago,rendering the Fiasco unseaworthy. Rumour has it that Bob and mates were too busy filling their pockets with treasure to bother with the mundane business of pilotage.Families of Bob and mates are concerned lest the treasure be too heavy,but they can rest assured that Bob and mates have booked the most luxurious lifeboat,and will sail happily into the sunset. Passengers,in the meantime will be expected to make there own way ashore,through the oily waters offshore Cote D'Ivoire.