Two bodies have been found in Tasmanian waters, believed to be fishermen who went missing on Sunday.
A Kiwi was among four men, all aged in their late 20s and early 30s, who went out to recreationally fish off Hobart's coast at around 9am on Sunday (local time). When they didn't return six hours later the alarm was raised by one of their girlfriends.
The bodies are yet to be formally identified, so it is still not known which of the men have been recovered.
"The bodies were located near Sloping Main about midday today," police said.
Police hold grave fears for those still missing, water temperatures are between 10degC and 14degC.
"Survivability in that temperature of water isn't good," Water police Inspector Lee Renshaw said.
"We're doing research at the moment as to what the survivability rates are, but in that temperature of water it's not a long time."
Weather conditions on Sunday and overnight are not expected to have caused problems for the fibreglass craft which Insp Renshaw described as old.
The men were believed to be carrying four life jackets but no emergency beacon.
A Westpac rescue helicopter, an Australian Maritime Safety Authority plane and two police vessels are continuing to search for the two men still unaccounted for. Beaches and cliffs are also being searched by foot.
AAP / Newshub.