A Hong Kong-controlled bulker has suffered serious water ingress off Finland.

The country's Border Guard said the 40,000-dwt Glory Hongkong (built 2012) was near Gogland, en route to St Petersburg, when it made an emergency call.

Crew reported six or seven metres of water in the engine room. Pictures show the ship down by the stern.

The crew of 22 was safe and the Border Guard was standing by to evacuate if necessary.

Engine room doors were tightly closed. The Border Guard said there was no danger of the vessel sinking.

An icebreaker has been brought in to assist.

The vessel, operated by Seacon of Hong Kong, is controlling the leak with pumps.

The shipping company is currently negotiating a towing contract with a salvor.