On 5/22/1996 , the vessel SHARKY NO.1 (Official Number 807155) was involved in a fire in 2.6 MILES ENE OF PUGWASH, NS.,.

The vessel, with 2 persons on board, experienced the incident while engaged in regular operations. There were 0 injuries and fatalities were reported, and there was pollution.

Explosion and fire in engine-compartment. Vessel reportedly engulfed in flames. 2 crew members transferred to CMRA vessel "Matthew Bradley". Burned out hull towed ashore.. Damage to the vessel was indicated as CONSTRUCTIVE TOTAL LOSS

Weather at the time was reported as fog. This incident was officially recorded by Transport Canada on 5/23/1996 .