Only three survivors have been found after a ferry with more than 700 people onboard capsized near the central Philippine island of Sibuyan, according to a Philippines Coast Guard official. Four bodies have been found floating in the waters, a Coast Guard official said. The boat capsized before a rescue vessel could reach it, CNN reported. The crew of the MV Princess of Stars reported Saturday that it ran aground after its engine failed during its regular run between Manila and Cebu City, according to Vice Adm. Wilfredo Tamayo.