Tauranga Police have now confirmed that the body recovered off the Matapihi Peninsula early this morning is that of the missing fisherman from last night.
Police earlier called off the search for the man after a body was discovered by a member of the public this morning.
Tauranga Police said the body was found near the Matapihi rail bridge just after 7am today.
The man, who went missing after a dinghy capsized on Tauranga Harbour last night, is Moses Vahai of Merivale aged 55.
Another man from the boat made it safely back to shore last night.