HANGZHOU, Jan. 2 (Xinhua) -- One person was confirmed dead and 10 remained missing after a Taiwan cargo ship sank off the coast of Zhejiang Province on the Chinese mainland early Wednesday morning, according to local maritime rescue authorities. 

The cargo ship, with 15 people on board, sank at around 4:30 a.m. Wednesday around 90 nautical miles off the coast of Yuhuan of Zhejiang's Taizhou city, according to the provincial maritime search and rescue center.

Five people have been rescued so far, with one dead.

The 80-meter-long ship named "London" departed from the city of Kaohsiung with 14 Myanmar crew members and one from Taiwan.

The local emergency response center has sent ships to search for the missing.

An investigation is underway.