Vessel was in the process of being broken up
Coastguard teams were called out in Peel this morning (27 March) to reports of a sunken fishing boat.
The derelict vessel was in the process of being broken up, with contractors seen working on it yesterday.
Crew members confirmed once on scene, a boom was deployed around the vessel to prevent further debris spreading in the water.
It's hoped the boat will be successfully refloated later today.
Sailings cancelled due to predicted gales
Yellow weather warning for Thursday
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Warning for 'disorderly' parents attending schools
Police tell people to follow 'appropriate channels' with concerns
Yellow weather warning for gale force winds
Travel disruption likely