There she goes!
 

Hi,

One of the meanings of this expression is "Look, this ship is about to sink!". How is it said in Spanish? Is it ahí va?

I tried, tentatively, to feed there she goes sinking to ReversoContext. Got allí se va hundiendo. Sounds reasonable :) The question of authenticity remains, of course.

"Ahí va" should be understood in context.


"Allí se va hundiendo", to me, it sounds like a very slow process.


I think I'd say "(ya) se está hundiendo". I might add "ya" when it's a situation where we have predicted what is happening. The tone should be explicit enough about the amount of surprise or anguish caused by the event.