Officials in the USA radioed for assistance from the Queen Mary 2, which changed course and arrived yesterday afternoon.
The man, understood to be former Royal Marine Mervyn Wheatley, was taking part in a transatlantic race when he got into difficulties during a ferocious storm.
His boat, the "Tamarind", suffered severe damage but he was not injured, according to the Royal Western Yacht Club (RWYC).
The OSTAR and TWOSTAR fleets have seen a slew of retirements after a storm hit the fleet in the North Atlantic on Friday (9 June), leaving one yacht abandoned and another dismasted.
Despite all of the boats suffering damage, there were no reports of injuries.
Other retirements include British OSTAR competitors Keith Walton, whose Najad 490 Harmoni is Azores bound with mainsail damage, and Peter Crowther, whose Swan 38 Suomi Kudu has turned around for the United Kingdom also with mainsail issues.
Rescue efforts are underway to help three vessels in distress off the coast of Newfoundland.
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Five people on the boats, participating in a transatlantic race from the U.K.to Rhode Island, sent distress signals early Friday and Canada dispatched a number of ships and aircraft into the teeth of 52-foot (16-meter) high waves and "winds howling up to 130 kilometers [80 miles] per hour", said Capt. Marc Saucier of the Joint Rescue Coordination Centre in Halifax, Nova Scotia.
'The lone yachtsman is now safely on board Queen Mary 2'.
On its website, the RWYC, which organises the races, said: "The RWYC would like to thank all personnel at the Halifax Coastguard for their immediate and magnificent response to this emergency situation. All seafarers owe them a debt of gratitude", added the Plymouth-based club.
The rescue operation was co-ordinated by the Canadian coastguard in Halifax.
A Cunard spokesman said that the QM2 was involved in the rescue operation "at the request of the US Coastguard".
'We were pleased to be able to help and delighted that the yachtsman is safe and well and now on board Queen Mary 2'.
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