princess cruises' coral princess cruise ship at sea

(12:30 p.m. EST) –- One crewmember is dead and another has been hospitalized after a lifeboat accident on a Princess Cruises cruise ship.

The accident occurred on Coral Princess Friday, October 24, while the ship was in Colon, Panama, the line confirmed in a statement. The two crewmembers had been lowered in a lifeboat in order to perform maintenance work on the ship's hull. As the lifeboat was being raised back into position on the ship, a cable broke and the boat dropped into the sea with the two crewmembers still inside.

A rescue was made, and both crew were transferred to a hospital on shore for treatment, where one crewmember subsequently died from his injuries.

In the statement, the line said: "This has devastated everyone across the entire Princess Cruises organization. We are, and will continue to support his family during this difficult period."

Coral Princess is not the only ship to have a fatal accident while raising and lowering crew in a lifeboat.

In February 2013, five crewmembers were killed and three injured on Thomson Majesty when one of the ship's lifeboats fell into the sea in Spain's Canary Islands during an emergency training drill.

--by Jamey Bergman, U.K. Production Editor