Following their press statement earlier this week, Peters & May have just issued another update on the accident involving the 39.6-metre Baltic sailing yacht My Song, which fell from the logistic company's cargo vessel during transportation last weekend. Photo: MSC Marine Claim Services GermanyAs seen in the newly released image above, Peters & May appointed MCS Marine Claim Services Germany to manage the salvage operation of My Song, which took place off the coast of Menorca. The company reports that the salvors have now taken possession of sailing yacht My Song and are working hard to prepare her to be towed to Palma de Mallorca in due course. Photo: PressmareFurthermore, Peters & May states that their earlier assessment of the cause of the incident remains the same. They have also confirmed that the yacht’s cradling system has been discharged and is undergoing inspection. Photo: Merijn de Waard / SuperYacht TimesMy Song is owned by Pier Luigi Loro Piana and was due to appear at the Loro Piana Superyacht Regatta next week. She was built by Baltic Yachts in 2016 to the designs of Nauta Yachts and Reichel / Pugh Yacht Design.