On June 9, the 23 meter long, 197 dwt fishing vessel Bear Cove Point sank on the Georges Bank some 175 kilometers from Yarmouth, Nova Scotia. The vessel had sprung a leak in the propulsion system and requested assistance. Several nearby fishing vessels came to the assistance and tried to transfer pumps to the Bear Cove Point, but the flooding could not be stopped. The Bear Cove Point sank in 20 meters of water. All four crew on board the vessel were safely rescued. No reports of injuries. Reports state the vessel was valued at $700,000 (Canadian). Authorities have dispatched a team to investigate the incident.