A seafarer has died and another is missing following a fire onboard an anchor handing supply tug off the coast of India, according to reports.

The blaze broke out onboard the 3,955-hp Coastal Jaguar (built 1983) near the port of Visakhapatnam on Monday, The Times of India reported.

Twenty-eight of the vessel's crew were rescued by the Indian Coastguard, according to the agency's Twitter account.

Search and rescue operations continue to look for another, the Coastguard said.

The cause of the fire has not yet been established, reports say.

The India-flagged anchor handler is owned and operated by Maharashtra-based Coastal Marine Construction & Engineering, according to vessel databases.