On 11/3/2006 , the vessel HBC 1000 (Official Number 313880) was involved in a sank - founders (taking on water above the waterline) in JAMES BAY, NUNAVUT, NUNAVUT (NU).

The vessel, with 0 persons on board, experienced the incident while engaged in regular operations. There were 0 injuries and fatalities were reported, and there was unknown pollution.

On 3 November 2006, while in high winds and rough seas, the barge HBC 1000 under tow by tug Nelson River took on water and lost deck cargo. Lost cargo included building materials, vehicles and a front end loader. Barge sank the following day.. Damage to the vessel was indicated as TOTAL LOSS

Weather at the time was reported as snow with winds from the WNW at 30.00 knots. This incident was officially recorded by Transport Canada on 11/6/2006 .