The U.S. Coast Guard reports the purse seiner Lively Jane hit a submerged rock and sank this morning in Anderson Bay, six miles southwest of Valdez.
The five crewmen were able to climb aboard a skiff before the seiner went down, the Coast Guard says.
As always, the cause is said to be "under investigation."
The owner of the 56-foot Lively Jane is listed in state records as Jon L. Andrews Jr. of Seward.