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Three members of the Togo-flagged Ag-Marina were missing on Thursday after the cargo ship went down in the early hours 30 nautical miles off the western coast of Crete, the Athens-Macedonia News Agency reported.
Four crew members were rescued by coast guard officers and three, possibly Russian nationals, are missing, according to reports.
Four cargo ships, a helicopter and coast guard craft are being used in the search.
There was no information regarding the ship's cargo or the circumstances that led to its sinking, Ekathimerini reports.