Fourteen more bodies were recovered from the Bakassi Peninsula on Tuesday, two days after the ferry sunk off southwestern Cameroon, Cameroon Radio Television reported.

A source with local authorities confirmed the details to AFP.

State media had initially reported that three victims -- of Cameroonian, Nigerian and French nationality -- were found and more than 100 people were rescued when the ship went down overnight Sunday to Monday.

The Austrheim, a trading vessel converted into a passenger ship was supposed to carry 75 people, but it was "overloaded," according to a statement from the defence ministry.

So far, 111 survivors have been rescued, according to state radio and a local leader. Searches continued on Wednesday for survivors or bodies.

The ship left Sunday from Calabar, Nigeria, and was due to dock at Tiko in southwest Cameroon but  hit a sandbar before capsizing, according to the ministry.