Dana sank on 22 June 1935 in the North Sea following a collision with the German fishing trawler Pickhuben, H.G.92 of Cuxhaven, about 70 km west of Ringkøbing.

[2] The collision happened in dense fog at 6:07 AM when Pickhuben rammed Dana with great force about amidships.

Dana's captain directed Pickhuben to the nearby lightship at Horns Reef where the following telegram was radioed to the Danish Government: "Dana hit by Trawler Pickhuben in fog at 6 AM this morning, sank immediately, all hands saved onboard the trawler, course towards Esbjerg.

At the following inquiry in Esbjerg and later also in Hamburg, full responsibility for the collision was attributed to the navigator on Pickhuben, who had steamed too fast in the dense fog and had failed to react to Dana's warning signals.

[3] The wreck of Dana was found in 2005 on the northern side of Horns Reef on the Danish west coast.