The owner and captain of the new Equator, Nick Trutanich, was heading back from Central America with a fresh catch of frozen fish early in the morning.  When some 150 yard from the island, the boat struck a rock and quickly sank in 30' of water.  Few remains of the wreck can be found between 25-40' of water, suggesting the site was thoroughly salvaged.  The most notable part of the wreck--large brass prop and shaft--came to rest inside a nearby sea cave.