At least 25 mechanised fishing boats were gutted at the Visakhapatnam fishing harbour, which is next to Visakhapatnam Port Authority (VPA), under Visakhapatnam South Assembly constituency, early on Monday.
There was no loss of life in the incident but there was a property loss of around ₹15 crores as each boat costs around ₹40 lakhs. Some boats burst into flames due to fuel tanks and LPG cylinders causing panic in the area.