South Korea: Fire broke out on a cargo ship-PHOTO-VIDEO

A cargo ship at a port in South Korea has exploded in flames. A vessel next to it also caught fire. Police say all 46 people on board the two vessels were rescued. Report informs citing the RIA Novosti.

South Korea's Yonhap news agency and local police say the 25,000-ton oil-product carrier was anchored off the southern city of Ulsan when the explosion struck around 11 a.m. on Saturday.

Firefighters are working to extinguish the flames.

Police say two people were injured, but their conditions are reportedly non-life-threatening.