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(NECN: Scot Yount, Gloucester, Mass.) - There are 250 Coast Guard personnel involved in the search for The Foxy Lady II, last seen on Saturday around 1:30, about 15 miles off the coast of Provincetown.
The 45-foot scalloper had two crew members on board, 26-year-old Wallace Gray Jr. and 50-year-old Wayne Young.
The Coast Guard has since verified that the vessel's life boat capsule was recovered in a marsh near the Saugus River.
"We are confident that it is from the Foxy Lady II," said Coast Guard Commander Sean Carroll.
Fishing gear has been recovered about 30 miles to the south in Hull, but it is not known if the gear came from the missing boat.
The Foxy Lady II is ported in Gloucester, and left from there for a day trip to Stellwagen Bank Saturday.
The boat is being searched for by four Coast Guard cutters, five motor lifeboats as well as aircraft. So far more than 800 square nautical miles has been searched.
"We have several reports from mariners that were out that day, it has helped our search planners paint a more accurate picture of where the vessel was last seen and that helped our modeling with understanding where to search now," he said.
The vessel is equipped with an emergency locating beacon that goes off if the boat takes on water, but at this point, there has been no distress signal from the Foxy Lady II.