Fishermen heading for sea this weekend from Stöðvarfjörður in eastern Iceland were alarmed to see trawler Drangur ÁR-7 listing sharply.
Rescue squads and emergency services were quickly called out, but weren’t quick enough to stop Drangur sinking at the quayside.
The rescue squads and the crew of local lifeboat Hafdís got to work to place a cordon around the sunken vessel, which has been fishing for sea cucumbers, to prevent any pollution escaping from the hull.
The Coast Guard also took a hand in the operation to retrieve flotsam and to prevent pollution.
There is no indication as yet as to why Drangur took on water, although the trawler had been unmanned overnight.
A salvage company is already at work to pump out and refloat Drangur.