The Disney fleet is definitely not aging yet ....
CAIRO, Egypt (CNN) -- An aging Egyptian passenger ferry carrying more than 1,400 people has sunk in the Red Sea off the Saudi coast, officials say.
State-run television said 12 survivors had been found, and 14 "victims."
"Our understanding now is that there are survivors," said Egyptian Minister of Transport Mohamed Loutfy Mansour about the Al Salam Boccaccio 98, citing reports from helicopter pilots. "There are lifeboats."
The ferry -- the Al Salam Boccaccio 98 -- left Dubah, western Saudi Arabia, en route to Egypt's southern port of Safaga when radar contact was lost, a spokesman for the El Islam Maritime Transport Co. told CNN.
At the time, the seas were high and the weather was bad, Mansour said.
State-run Nile Television, quoting the Red Sea governor, said the ship was carrying 1,415 people -- 1,310 of them Egyptians.
"The latest information is that this vessel has sunk," said Egyptian Minister of Transport Mohamed Loutfy Mansour about the Al Salam Boccaccio 98.
"The Coast Guard is doing everything in its power to try to rescue the people." Four frigates were expected to arrive at the site soon, he added. (Map of the area)
Helicopters had spotted bodies floating on the sea and one lifeboat carrying three people in the vicinity of where the ship was last seen on the radar screens, maritime officials told The Associated Press.
The ferry was carrying 1,310 passengers and a crew of 104, Mansour told CNN. The ship was also carrying five trucks and 22 cars, he added.
The Egyptian government has called their Saudi counterparts in the port of Jedda to seek help, he said.
Officials in Port Safaga said communications with the ship ended when it was 57 miles from Hurghada, off Egypt's north-central Red Sea coast, below the Sinai Peninsula.
Adel Shoukri told CNN from the company's headquarters in Cairo the ship disappeared at midnight (5 p.m. Thursday ET) from radar screens.
The Egyptian government had initiated a search for the 35-year-old liner, he said.
The ship had been due to have arrived at Safaga at 3 a.m. local time, but did not, the officials added.