Witness claims that during ship operations, while towing some type of buoy (possibly and electronic functioning buoy) per normal Coast Guard vessel operations, early in the morning after daylight, on some date between 1976 and 1977, the ship he was on lost all electric power, lost its engines and the tow line attached to the buoy was no longer visible. He states the compass on the bridge was also was gyrating 360 degrees. The witness states the ship (USCGC Acushnet - WAGO 167), went to General Quarters and as he ran up the ladder towards the bridge outside the ship to his assigned duty post, he looked aft and noticed a fog-like cloud just off the stern of the ship cloaking to buoy that was being towed and also noticed a grey hovering disc-shaped craft approximately 500 feet in the air just behind the ship.
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