Up to 350 feared missing in PNG ferry sinking UPDATE 4.15pm: PRIME Minister Julia Gillard says there is likely to be a very high death toll from a ferry sinking in Papua New Guinea. Rescue crews have rescued 28 people from the water after a ferry sank with as many as 350 on board along the east coast. A distress signal was sent from the MV Rabaul Queen at about 8.30am (AEDT) when travelling between Lae and the West New Britain town of Kimbe today, PNG's National Maritime Safety Authority said. "There has been a boat go down in PNG...