PHOTO: All three fishermen have been rescued by the local Hauser and North Bay fire departments.
Personnel from North Bay and Hauser responded and assisted the US Coast Guard air and water assets searching for victims.
While searching on the north jetty, firefighters heard screaming from the wreckage and made their way to the boat and the crew of three who were still trapped inside.
Firefighters cut through the boat, which was upside down, and successfully gained access to the crew.
"We are happy to report the crew has been rescued, is accounted for and receiving medical attention," North Bay Fire said.
The fishermen were in the boat for about three hours.
Two rescuers cut the fishermen out using a Sawsal (a bigger type of chainsaw) and rope.