The wreck of the notorious catamaran Rainmaker that was torn to pieces in a devastating storm has drifted into Bermudian waters.

The remnants of the first Gunboat 55 to be built were picked up on Sunday evening by Bermuda Yacht Services after being spotted by fishermen six miles east-northeast of the island.

The hull of the vessel, which has weathered 14 months on the North Atlantic since it was dismasted and then abandoned, has now been secured to a mooring in St George’s Harbour.

“The most important significance here is that there was a hazard at sea that has now been removed,” said Mark Soares, of BYS. “The owner, manufacturer and insurance company do not need to be concerned that someone will run into it now.

“We have removed a large piece of debris from the sea and that is the end of this chapter.

“The vessel is substantially damaged and it becomes the property of the Receiver of Wrecks or Collector of Customs in Bermuda.

“The insurance company will now decide whether they want it back.”

Rainmaker ran into a vicious squall on January 30, 2014, about 200 miles southeast of Cape Hatteras. The vessel and crew were 36 hours into a passage from the gunboat yard in North Carolina to St Martin in the Caribbean.

On board the boat at the time were her owner, Pinterest investor Brian Cohen, his son and three professional crew members, who were all hoisted into a helicopter and taken back to North Carolina.

The carbon mast and rigging of the vessel were cut away, and the decision was then taken to abandon the catamaran, which was valued at $2.5 million.