Our top story this morning
A Mongolian-flagged cargo ship with sixteen North Koreans on board has sunk in waters off the southwestern coast of South Korea.
An official from South Korea's coast guard says all contact with the four-thousand ton freighter was lost after it issued a distress signal at around 1:20 a.m. Korea time, about 60-kilometers southeast of Geomundo Island.
Three crew have been rescued and a search for the 13 crew members still missing is ongoing.
The ship was carrying a cargo of steel from the North Korean port of Cheongjin and was en route to China.
No word yet on why it sunk or why a North Korean crew was onboard a Mongolian-flagged ship.
We'll have more details as the story develops.