Yesterday, the crew of 97 was rescued from the Chinese factory fishing ship, Kai Xin, by a Norwegian vessel Juvel. The ship was abandoned due to the fire, but it appears that at least for now it is not sinking. Chile's Air Force has flown over it and will fly over it again to check its condition. Chile's military is coordinating to try to minimize the ecological impact of the fishing vessel in the Antarctica including potentially using a tugboat from Puntas Arenas to tow it back to port if the Kai Xin remains seaworthy.
Source: 97 saved from Chinese ship afire off Antarctic by Marianela Jarroud, Associated Press