Team Philips was a catamaran sailing vessel built to try to take Pete Goss around the world in record time.
It was the biggest ocean racing yacht ever built, and there was enough space between the hulls to park 80 cars.
It pushed the boundaries and challenged the norms of ocean racing yachts in three main ways: It initially ran into trouble during its trials in March 2000 due to errors in the computer modelling of the composite hull.
It then suffered from problems with the pioneering bearings that supported the massive 130-foot-tall (40 m) masts which required further repairs.
70-knot (130 km/h) winds and 10-metre (33 ft) waves started to produce cracks in the crew's central safety pod and forced Pete Goss to send out a mayday signal.