One man has gone missing and another rescued from the water after their boat capsized off the Mornington Peninsula late on Friday.

Emergency services were called to Schnapper Point Drive near the Mornington Pier about 11.15pm after reports a small boat carrying two men had overturned about one kilometre offshore.

Wild weather lashed the Mornington Pier earlier this week. Now a man has gone missing about one kilometre offshore after the boat he was on capsized on Friday night. Credit: Alex Coppel

One of the men on board was rescued by another boat. He was not seriously injured and was assessed by paramedics.

The other occupant of the boat, a man in his 20s, is still missing.

A spokeswoman said once the alarm had been raised, a search started immediately involving Water Police and t

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