Reportedly, the Panama-flagged Felicity Ace had sunk as efforts to tow it started resulting from structural issues brought on by the hearth and tough seas.

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| Printed: 02-Mar-22 10:20 AM IST

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The ship carrying round 4,000 autos, together with Porsches, Lamborghinis & Bentleys made by VW Group

A burnt-out cargo ship carrying hundreds of luxurious automobiles, together with Porsches and Bentleys, sank on Tuesday off the Portuguese Azores archipelago practically two weeks after it caught fireplace, a port official stated.

Joao Mendes Cabecas, the captain of the closest port on the island of Faial, informed Reuters the Panama-flagged Felicity Ace had sunk as efforts to tow it started resulting from structural issues brought on by the hearth and tough seas.

“When the towing began… water began to return in,” he stated. “The ship misplaced its stability and sank.”

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Volkswagen Group, which stated final week the harm to the autos was coated by insurance coverage, confirmed the ship has sunk

The blaze on the ship carrying round 4,000 autos made by Volkswagen Group from Germany to the US, broke out on Feb. 16. The 22 crew members have been evacuated on the identical day.

Cabecas stated no oil leak had been reported to this point however there have been fears the gas tanks could possibly be broken because the vessel lay on the backside of the Atlantic at a depth of round 3,500 metres (2.17 miles).

Volkswagen, which stated final week the harm to the autos was coated by insurance coverage, confirmed the ship has sunk. Insurance coverage consultants stated the incident may lead to losses of $155 million.

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