The 47 ft 5 inch, $180,000 steel trawler was launched from the Manawatu Boating Club's Foxton Beach slipway at 12.06pm on Friday November 4 1978. The builder, owner and skipper is Jim Williams. Coral V joins his 32ft trawler (Regent), to fish out of Foxton Beach. The trawler was built to a John-Haaker design.