Update at 1:55 p.m.: Portland police have confirmed that the body is that of missing Harvard Business School student Nathan Bihlmaier, according to a preliminary identification.
In a news conference, police added that there are no immediate signs of foul play.
Update at 2:20 p.m.: In the news conference, Portland Police Chief Michael Sauschuck said authorities will await the medical examiner's report and will continue to investigate video footage from the harbor area.
"There's no telling exactly what we'll find ultimately," he said. "We have a bunch of video from different locations and we'll be checking all of it."
Harvard Business School Dean Nitin Nohria said Bihlmaier's death comes as a blow to the whole school.
5/23 Update: The medical examiner has ruled that accidental drowning caused Bilmaier's death.
There is no word yet if the body is that of Nathan Bihlmaier, 31, who went missing just after midnight Sunday.
As NECN reports:
Bihlmaier was asked to leave a waterfront pub at 12:20 a.m. Sunday because he was overly intoxicated.
WBZ-TV adds this about the Kansas native:
Bihlmaier is due to graduate Thursday from Harvard Business School, and police say his wife is pregnant with their first child.
We'll update this post with more information.
This program aired on May 22, 2012. The audio for this program is not available.