South Korea ? The apparent wreckage of a cargo ship that disappeared along with 14 sailors has been found, but lay too deep in the water to raise immediately, South Korean officials said Wednesday. Meanwhile, the search continued for the missing.

The ship, carrying 2,000 tons of nitric acid, was feared sunk after it sent out a distress signal early Tuesday off Yeosu, 280 miles south of Seoul. One sailor was rescued.

On Tuesday night, a navy boat equipped with sonar detected an object of a shape and size matching the missing 1,323-ton South Korean ship, said navy spokesman Lt. Kim Su-min.

Kim said the sonar is very accurate and that no other similar objects have been detected in the area nearly 1,500 feet away from the site where the ship signaled for help. But the water there is more than 200 feet deep, making it difficult for rescuers to dive or salvage the object to determine whether it is the ship, he said.

Kim said the object could be raised eventually, once a salvaging company with the appropriate expertise was identified.