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The Raptor, registered in the Comoros, was on its way to Istanbul from Alexandria, Egypt, carrying 6,000 tons of salt, the coast guard said. It had a crew of 14, including eight Egyptians, four Indians and two Syrians, the coast guard said.
The ship reported a mechanical problem at 7 am Sunday, sent a distress signal and shortly after disappeared about 4 1/2 nautical miles (8 km) southwest of Lesbos, authorities said.
One Egyptian was rescued, a coast guard spokeswoman told The Associated Press.
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Northwesterly winds in excess of 80 kph (50 mph) per hour are blowing in the area, the national weather service said.