Over 120 feared killed in PNG ship tragedy Melbourne: More than 120 people are feared dead after a ship with over 350 on board sank off Papua New Guinea's north coast, even as ships and helicopters are continuing to search for missing people, officials said Friday.

About 350 Papua New Guineans were on board the Rabaul Queen when it went down in the Solomon Sea about last morning, according to local media reports in Melbourne.

The ship was headed for the PNG north-coast town of Lae from the West New Britain town of Kimbe.

Australian rescuers saved 238 passengers, most of them students and trainee teachers, from drowning after the ferry sank, but fears remained for more than 120 were still missing....more    
12:20 PM, Feb 03, 2012