After leaving Palau, the ship hit some sea debris, the captain writes on his blog (can't link to individual entries, so scroll down to the entry from June 3rd), and "just a few hundred metres from the safety of open water. Then completely out of the blue, Earthrace suddenly lurches as we hit something, and in a split second, I go from being on top of the world, to the bottom of it." The hit ended up damaging the port propeller and (likely) the drive shaft. The ship is scheduled to be repaired in Singapore this week, but the record - while still possible - is getting less and less likely.
[Source: Earthrace blog via Domestic Fuel]