The Panamanian motor bulk carrier Skipper I
was on a voyage from Boston to Turkey
loaded with a cargo of scrap
when she began to take on water through a broken hatch
in heavy weather some 540 miles SE of Haifax
on April 29, 1987.
All 24 crewmen than abandoned ship in 20 ft seas
before being safely rescued.
The Skipper I, insured for USD 3mm,
drifted away and was last reported in lat 41.20N, long 53.44W,
the following day.
An aerial search subsequently failed to locate the vessel,
she was presumed to have sunk.