The coastguard says its believes a ghost ship carrying disease-ridden rats has sunk in the Atlantic.
The empty ship which has been drifting across the North Atlantic for almost a year was thought to be heading for Ireland.
The Irish Coastguard teamed up with the space industry, and spent two months trying to locate the 100-metre vessel.
It is understood the vessel is a Russian arctic cruiseship.
This morning psychic Uri Geller said he will help to find the ship, which has been valued at around €1 million.
However Chris Reynolds of the Irish Coastguard says his theory is that the ship sank somewhere in the Atlantic.