One seafarer has died and 10 are missing following the sinking of a Taiwanese-controlled vessel off the coast of China, Chinese media reports say.

Four crew members have been saved from the 3,400-dwt single-deck general cargoship London (ex-TY Lotus, built 2000), according to the reports, which cite the Taizhou and Zhejiang province Maritime Search and Rescue Centres.

The ship went down around 90 nautical miles off China's eastern Zhejiang province. The incident was reported at 7 a.m. today local time.

Reports say the vessel, with a crew of 14 Burmese and one Taiwanese seafarers, was bound Busan with a cargo of sugar from Taiwan.

Reference sources attribute the Seychelles-flag ship to a Taiwanese company called Central Rise about which no further information was readily available.

Before 2018 the ship reportedly traded for Korea's Taiyoung Shipping as TY Lotus.