The U.S. Coast Guard informs it has released its report of investigation of the October 2012 sinking of the tall ship 'Bounty', during which one crewmember died and another remains missing and is presumed dead, off the coast of Cape Hatteras, N.C. The findings in the report conclude that a combination of faulty management and crew risk assessment procedures contributed to the sinking. Specifically, choosing to navigate a vessel in insufficient material condition in close proximity to an approaching hurricane with an inexperienced crew was highlighted. As a result of the investigation, the report recommends that the Coast Guard review the existing policy for attraction vessels, including vessel manning and operating status.