A Victorian coroner has found an inexperienced yachtsman died at sea after ignoring advice not to sail.

Neil Qualtrough, from Box Hill, was sailing solo from Hawaii to Australia when he disappeared.

The then 64 year old has not been heard from since he left Honolulu in June 2007 and was reported missing in October that year.

His daughter Sarah Qualtrough told a coronial inquest, her father was fulfilling a dream to buy a yacht.

But the court heard he had little yachting experience.

Mr Qualtrough bought a 16 metre three mast vessel in Hawaii and spent six months in Honolulu working on it.

His daughter told the inquest he became homesick and deliberated whether he should sail alone or take a crew.

Ultimately he decided to set sail alone.

In the wake of last year's inquest hearing new evidence has come to light.

Former chief coroner Jennifer Coate told the court a marine engineer, David Pawley heard reports of the inquiry into Mr Qualtrough's disappearance on ABC News and contacted police.

The court heard Mr Pawley stated he had met with Mr Qualtrough in Waikiki in 2007 after another man raised concerns about Mr Qualtrough's yachting ability.

Mr Pawley stated when he tried to speak to Mr Qualtrough he told him:

"I know why you are here and I don't need your help."

Mr Qualtrough's daughter contacted the Australian Marine Safety Authority in early July 2007 in distress and concerned about her father, who had failed to reach his first destination within three weeks as planned.

Ms Qualtrough told the inquest the authority was unhelpful and refused to deploy search and rescue crews.

The court heard ASMA conducted enquiries in the Pacific region but no physical search was organised as his proposed journey was not specific enough.

The yachtsman's bank accounts have not been accessed since July 2007.

Judge Coate said she was satisfied Mr Qualtrough set sail alone and failed to make it safely to his anticipated first destination.

"I am satisfied that on balance Mr Qualtrough has met some misfortune at sea," she said.

Police told the inquest Interpol investigated a possible sighting of Mr Qualtrough in Borneo, but nothing came of it.

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