I happen to be the captain of the Rescue Cruiser Hannes Th Hafstein speeding out to help.

It was a rather small fibre plastic boat that caught on fire.

Luckily the man onboard was rescued by a nearby fishingboat, the one you see speeding to port near the rescue cruiser.

When we arrived onscene everything able to burn was burnt and small shell floating. We managed to put out the fire, in attempt to tow the boat to shore for investigation reasons, but nearby boat destroyed the mission with clumsy attempts to tow it with out our approval. It sank on site.

Cheers,

Captain Agnar Juliusson,
ICE-SAR Rescue Cruiser Hannes Th Hafstein - Sandgerdi

Finally a solution to this mistery! Good job, Sir Juliusson!

My husband retired from the Iceland Defense Force last August and I'm glad to see that they have done something besides paperwork! Seriously, they did work on SAR over there with the Icelandic fire & rescue. He misses it already.

Definitely a great find. Did you just stumble across this?

Here is a story about this tread in The Baltimore Sun:

The story