The ship was in the midst of a $60 million dollar restoration project when the fire began. The cause of the blaze is still unclear.
This is a terrible loss. I had the privilege of visiting the Cutty Sark in 2006, and I can say that if the ship were lost, a little bit of romance would disappear from the world forever.
Happilly, the news is not all bad. The ships masts, rigging, and many of its original timbers had been removed and placed in storage prior to the fire.
"The old girl needs more help than ever," the Cutty Sark Trust's Chris Livett told reporters.
"She is a national treasure. With people's help, I am confident that we will get back on track and get her reopened."