Eight missing as cargo ships collide outside of Tokyo Bay

Tokyo, Japan (CNN)-- Two cargo ships collided just outside Tokyo Bay, according to the Japanese Coast Guard. The Panamanian-flagged Beagle III crashed into another vessel, the South Korean-registered Pegasus Prime, causing it to sink. The incident occurred southeast of the Miura Peninsula in Kanagawa Prefecture. Of the 20 crew members -- all of whom are Chinese nationals -- aboard Beagle III, 12 have been rescued and eight are still missing. Of the rescued crew members, six have slight injuries while one is "seriously injured," according to a statementreleased by the Chinese Embassy in Tokyo. The seriously injured crew member was taken to the nearby Miuraa City Hospital, where he is in a "state of cardiopulmonary arrest." The 14 crew aboard the other vessel, Pegasus Prime, are all accounted for, according to the Coast Guard, which has boats and helicopters on the scene. The two ships collided at 3:20 a.m. Tuesday. Japan's Transportation Safety Board has dispatched five marine accident investigators to look into the cause of the accident. The area the collision occurred is the entrance of Tokyo Bay, a well-known sea route for more than 400 vessels that use the port in Tokyo or Yokohama. Beagle III, a 12,630-ton general cargo ship, last reported its positionas just south of the entrance to Tokyo Bay. It is currently reported as "out of range." Its last known port was nearby Yokohama. The Coast Guard has confirmed that it had departed Yokohama and was heading to Kobe. The 7,406-ton Pegasus Prime had departed Kunsan, South Korea and was heading to Tokyo. The Chinese Embassy reported that the search and rescue operation is comprised of 10 ships and a helicopter. The statement also indicated that "emergency mechanisms" were in place between the Japanese and Chinese authorities in Tokyo to ensure proper cooperation and continued efforts to search for the remaining missing crew members.