From the Sun [caution, tabloid]:
The incident took place in Las Palmas, located in the Spanish Canary Islands.
According to reports, the Nuestra Senora del Mar (Our Lady of the Sea) statue was being transported on board a small boat as part of a local festival when the vessel suffered engine problems. In the video footage, a young man also jumps into the choppy waters and tries to swim alongside the rescue boats making their way towards the three sailors.