On 1/16/2004 , the vessel VENTURE NO. 1 (Official Number 320883) was involved in a sank - flooding in SOUTHWEST DISCOVERY ISLAND, B.C., BRITISH COLUMBIA (BC).

The vessel, with 5 persons on board, experienced the incident while engaged in regular operations. Fortunately, the ship was able to continue its voyage. No injuries or fatalities were reported, and there was unknown pollution.

This incident was officially recorded by Transport Canada on 6/23/2004 . Weather at the time was reported as unknown with winds from the N at 0.00 knots.

On 16 January 2004, the F/V "VENTURE NO. 1" was reportedly on fire and sank, off Gonzales Point East of Trial Island, B.C. All 5 POB evacuated vessel and were rescued.