On 4/4/1998 1, the vessel OCEAN WAY (Official Number 802323) was involved in a risk of sinking in 5 NM WEST OF CAPE ST. FRANCIS, NFLD,.

The vessel, with 10 persons on board, experienced the incident while engaged in regular operations. There were 0 injuries and fatalities were reported, and there was pollution.

Vessel reported listing severely in rough seas. The 10 crew abandoned and all were rescued by the F/V ASHLEY & BROTHERS. The vessel sank.. Damage to the vessel was indicated as TOTAL LOSS

Weather at the time was reported as fog with winds from the SE at 35.00 knots. This incident was officially recorded by Transport Canada on 5/25/1998 .