SAN DIEGO (AP) — A yacht in the Volvo Ocean Race dismasted Friday in the Atlantic Ocean, the third major setback to a team this week in the bluewater classic.

Vestas 11th Hour Racing, a joint American-Danish team, reported its mast broke just above the first spreader while the sloop was sailing in 25-30 knots of wind and 10-foot (3-meter) waves. The mast had to be cut away to avoid damaging the hull.

The crew was reported safe and motoring to the Falkland Islands.

Earlier in the race, Vestas 11th Hour Racing collided with a fishing boat off Hong Kong, killing one fisherman and damaging the yacht.

On Monday, British sailor John Fisher was lost at sea after getting knocked off Team Sun Hung Kai/Scallywag.

On Thursday, MAPFRE had to suspend racing to repair damage to its mast and mainsail.