LISBON: A burnt-out cargo ship carrying 1000’s of luxurious vehicles, together with Porsches and Bentleys, sank on Tuesday off the Portuguese Azores archipelago almost two weeks after it caught fireplace, a port official mentioned.

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

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

The blaze on the ship carrying round 4,000 automobiles 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 mentioned no oil leak had been reported up to now 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.

Volkswagen, which mentioned final week the harm to the automobiles was coated by insurance coverage, confirmed the ship has sunk. Insurance coverage specialists mentioned the incident may end in losses of $155 million.

Printed in Daybreak, March 2nd, 2022