Local reports said the 2,900-dwt Elland (built 1982) sank onSaturday in 50 metres of water off Durankulak, Bulgaria, but all crew wererescued.
The vessel got into difficulty on Friday when it lost power enroute from Constanta to Izmir in Turkey.
It anchored to repair the fault, but developed a list of 15degrees after the cargo of plywood started to shift.
This increased to 30 degrees and the crew of five Georgians,five Turks and an Indian decided to abandon ship on Saturday morning
They boarded a lifeboat and were picked up by another cargovessel and a tug.
An
