Shortly before 2am this morning Valentia Coast Guard were alerted to a fire onboard the Irish fishing vessel “Horizon”. A full-scale Search and Rescue operation was mounted and Courtmacsherry All Weather Lifeboat and the Waterford based Coast Guard helicopter (R117) were tasked to the scene. Conditions at the time were favorable with light winds and a moderate sea. Other fishing and commercial vessels operating in the area also responded, as did the Naval ship LE George Bernard Shaw. Shortly after the fire outbreak the crew successfully abandoned the vessel and were recovered from their life raft by the Offshore Supply ship Pathfinder that had been operating at the Kinsale Gas field. The crew were subsequently transferred to the Courtmacsherry Lifeboat. There are no reports of any injuries being suffered by the crew . Another vessel on scene the Maersk Maker attempted to extinguish the fire but to no avail. The wreck was monitored by the Coast Guard Helicopter and LE George Bernard Shaw. The vessel was reported to have sunk shortly before 7am.