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The boat, named Shri Durga Vaishnavi owned by Latish Mendon, had left the port at Malpe on August 29 for fishing in the deep Arabian sea.
While returning to shore, the boat reportedly hit a hard object off the Gangolli coast and started taking in water. Despite the crew’s efforts to save the vessel, the rising water caused the boat’s engine to fail.
Nearby fishing boats rushed to the rescue of the fishing crew on the sinking boat. The ill-fated boat sank near Hangarakatte Bengre while being tugged ashore. The financial loss is estimated to be Rs 50 lakhs.