A Panama-flagged cargo ship with 24 crew members, mostly Chinese, on board sank in the Bay of Bengal yesterday.
Officials said the ship sank about 240 nautical miles off the Odisha coast.
Twenty of the crew members on the ship, MV Ocean Winner, were Chinese, three Myanmarese and one Bangladeshi.
The ship was heading to Singapore carrying 72,100 mt of iron ore fines from Odisha. It had left the Paradip coast at 10.42 pm on August 20.
Indian Coast Guard and Indian Navy have launched a rescue operation. So far, two persons have been rescued from the waters.