RedactedNarrative: cg received a distress call from vessel Reel Time reporting taken on water at high rate. SEC.NC confirmed that all 8 people onboard have put on lifejackets. subjects were fishing in the BARTA fishing tournament out of Beaufort, NC.  The source of the flooding was identified as the vessel's shaft that fouled inside the E/R resulting in the shaft seal being pulled out of the back of the boat (A line in the bilge got wrapped around the shaft and pulled the shaft seal out causing the engine room to flood.). As the vessel became sluggish, the engine produced a black smoke.  The engine room became flooded.  The vessel occupants shot off 5 flares
NameOfBodyOfWater: Atlantic Ocean
NearestCityTown: Beaufort inlet