All eight crew members aboard the Atlantic Future are okay following a rescue south of Burin.
The Atlantic Future was being captained by John Cabot when Cabot says he encountered external problems he believes to be connected to the hull.
The Joint Rescue Coordination Centre in Halifax released video of the dramatic rescue.
A Cormorant from the 103 Search and Rescue Squadron in Gander was dispatched and plucked the crew from the vessel, which was taking on water, about 130 nautical miles south of Burin.
The vessel is still floating in the Atlantic.
Cabot says the crew is fine and he is now looking at what can be done with the vessel.
Disclaimer: This video is intended for informational purpose only. This may not be construed as a news item or advice of any sort. Please consult the experts in that field for the authenticity of the presentations.
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Source: Joint Taskforce-Atlantic