By Associated Press - Sunday, May 25, 2014

NEWPORT, Ore. (AP) - The Coast Guard rescued a fisherman off the Oregon coast after his boat sank Sunday morning near Newport.

The master of the 28-foot fishing vessel Rip Rider contacted the Coast Guard at 8:20 a.m. to say his boat was taking on water. He was wearing survival gear and his radio beacon broadcast his exact location to rescuers.

A Coast Guard helicopter found the man in the water and hoisted him aboard. He was in good condition when he arrived at the Coast Guard station in Newport.

The Coast Guard says the vehicle is unsalvageable. It was carrying about 65 gallons of diesel fuel but there have been no reports of pollution.

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