At least 18 people died after a motor boat sank off the coast of Dimasalang town in Masbate province, Tuesday afternoon.

Senior Superintendent Reuben Theodore Sindac, Masbate police director, said M/B Cathlyn was traveling from Bulan, Sorsogon when it was hit by big waves off the coastal village of Magcaragit in Dimalasang town around 2 p.m.

Sindac said 14 people, including two children, have been confirmed dead in the mishap.

A separate report gathered by ABS-CBN Legaspi said at least 21 people were killed in the tragedy.

The report added that 18 bodies have been recovered by police and coast guard rescuers.

Sindac said a total of 74 passenger of the speed boat have been rescued.

He said the boat had 119 passengers when it left Bulan town.