More on the Exito sinking

The U.S. Coast Guard in Dutch Harbor advises that the Exito was not engaged in fishing at the time of yesterday's sinking. Rather, the vessel was being used for "cargo or freight purposes."

The Exito was among 25 crab boats selected in 2004 for a $97 million federal buyout. As part of the deal, the retired vessels were barred from commercial fishing anywhere in the world.