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Two people have been rescued after their fishing vessel sank off the coast of Dunedin.
Police said they received a report of the incident about 11.25am today.
"Two people were picked up out of the water by another vessel at Cape Saunders."
No injuries have been reported, police said.
"Arrangements will be made with the harbour master in relation to removing the vessel from the water."
The harbour master came from the north and the fishing boat Echo came from the south to help move the sunken vessel.
The Echo got a line onto the submerged boat and towed it north past Victory Beach.