The blaze on the ship carrying round 4,000 autos made by Volkswagen Group from Germany to america, broke out on Feb. 16. The 22 crew members have been evacuated on the identical day.LISBON -A burnt-out cargo ship carrying hundreds of luxurious vehicles, together with Porsches and Bentleys, sank on Tuesday off the Portuguese Azores archipelago almost two weeks after it caught hearth, 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 on account of structural issues attributable to the hearth and tough seas.

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

The blaze on the ship carrying round 4,000 autos made by Volkswagen Group from Germany to america, 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 date however there have been fears the gas tanks may very well 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 injury to the autos was coated by insurance coverage, confirmed the ship has sunk. Insurance coverage specialists stated the incident may lead to losses of $155 million.

Round 1,100 Porsche autos have been on board, in line with a Porsche spokesperson. Audi confirmed a few of its autos have been additionally on board however didn’t state what number of.