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At the time of the sinking, the Katmai was traveling through Amchitka Pass, about 120 miles west of Adak. It was heading toward Unalaska with 120,000 pounds of frozen cod when a severe storm hit. The Katmai lost its ability to steer, and the boat started taking in water just before midnight on October 21, 2008.
Katmai sinking: Owners wanted out of fishing. A Marine Board of Investigation hearing is under way, seeking to understand why the Katmai sank in October, killing seven of 11 crew members. Share story. After a lifetime running fishing fleets off Alaska and Russia, Lloyd Cannon saw the Katmai as one last opportunity to wrest profits from the sea.