CHARLESTON - The US Coast Guard announced an investigation on Friday into the sinking of the replica of the sailing ship HMS Bounty with the loss of two crew members during Hurricane Sandy.

Rear Admiral Steven Ratti, commander of the Coast Guard's 5th District, ordered the formal investigation on Thursday after the Coast Guard suspended its search for the Bounty's missing captain, 63-year-old Robin Walbridge.

Fourteen crew members were rescued on Monday from life rafts by Coast Guard helicopters after the Bounty took on water and foundered at sea during the hurricane.

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