(CNN) A historic sailing ship has crashed just days after taking to the water following an extensive renovation project.

The 121-foot Elbe No. 5 collided with the 466-foot Astrosprinter, a Cyprus-flagged cargo ship, on the Elbe river near Hamburg, Germany on Saturday afternoon, according to Wilfried Sprekels, a fire department official.

Eight passengers on board the Elbe No. 5 were injured in the collision at Stadersand, Sprekels told CNN. They were rescued from the boat and taken to different local hospitals.

The Elbe No. 5 is the oldest fully wooden ship in Hamburg.

Emergency services secured the ship because of fears of oil leaks and a rescue company will investigate the possibility of recovering the wreck, he added.

There were 43 people on board at the time, including 14 crew members, according to a statement from Hamburg police.

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