The fireplace on the cargo ship Felicity Ace, which had burned for greater than every week, is probably going extinguished and the vessel is now being towed, in response to the operator MOL Ship Administration.

The ship had been transporting hundreds of Volkswagen automobiles, together with Porsches, Audis and Lamborghins. The reason for the fireplace remains to be unknown.

“There is no such thing as a oil leakage from the vessel, and the soundness of the vessel stays steady. The smoke leaving the vessel has presently stopped and isn’t seen,” stated the assertion from MOL Ship Administration (Singapore), a unit of Mitsui OSK Traces Ltd. Two massive tugs from Gibraltar started dousing the flames on Feb. 22.

The fireplace first broke out on the Panama-flagged vessel on Feb. 16, when it had been crusing within the Atlantic some 90 nautical miles southwest of the Azores, on passage from Germany to the U.S., stated MOL, which has arrange a web site to offer details about the accident. All 22 crew members have been safely evacuated to the Azores.

Whereas the fireplace was nonetheless burning on Feb. 24, the fireplace apparently had been put out on Feb. 25, and a salvage workforce, flown in by helicopter, was capable of board the vessel, which is now being towed by a big salvage craft, known as the “Bear,” to a secure space off the Azores, the corporate stated.

As well as, it is usually being escorted by two tugs, the “ALP Guard” and the “Dian Kingdom” in addition to a big salvage craft, the “V.B. Hispanic,” which has further firefighting functionality.

The full greenback worth of products on the Felicity Ace has been estimated to be $438 million and, of that quantity, an estimated $401 million was for automobiles and items automobiles, with Volkswagen’s publicity working at the very least $155 million, in response to evaluation by Russell Group, a London-based threat options consultancy that focuses on provide chain and related dangers.

“These figures confirmed as soon as once more the precariousness of worldwide provide chains. The incident comes at a nasty time for world carmakers who’re in the course of a provide chain disaster sourcing semiconductors, leading to new delays for brand spanking new automobiles. An occasion like this won’t do a terrific deal in instilling belief with customers,” stated Suki Basi, managing director of Russell Group, in an announcement issued on Feb. 21.

{Photograph}: On this undated photograph supplied by the Portuguese Navy, smoke billows from the burning Felicity Ace automobile transport ship as seen from the Portuguese Navy NPR Setubal ship, southeast of the mid-Atlantic Portuguese Azores Islands. Photograph credit score: Portuguese Navy by way of AP.

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