A man who died and two men who are still missing after the boat they were in capsized off the coast of East Wemyss have been named locally.
Birrell Stewart, Jason Buchan and David Stead are believed to have been invovled in the incident which occurred last night (Monday).
A report of a small fishing vessel having overturned was received around 5pm.
Three men were reported missing after an afternoon of sailing amid concerns of worsening weather conditions.
A full-scale search was launched by the UK Coastguard which included a rescue helicopter based at RAF Boulmer, RNLI lifeboats from Kinghorn and Anstruther, Coastguard rescue teams from Kinghorn, St Andrews and Leven and police officers.
A man was recovered from the water and was immediately taken to Ninewells Hospital in Dundee by helicopter.
He died a short time later around 7pm. The man has yet to be identified and Police Scotland is liaising closely with the families of the missing men.
The search was called off around 9.45pm due to visibility.
A scaled-back search for the two missing men resumed this morning around 8am, with Coastguard crews from St Andrews and Leven involved.
Councillor Tom Adams, who witnessed the Coastguard operation from East Wemyss’ shoreline last night, said: “This has absolutely devastated coastal communities from Dysart to Largo, because there are so many people who own boats, who go out fishing and hate anything like this to happen.”
Cllr Andrew Rodger added it was a “tragic” incident and said lessons must be learned.