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

Joao Mendes Cabecas, the captain of the closest port on the island of Faial, advised Reuters the Panama-flagged Felicity Ace had sunk as efforts to tow it started on account of structural issues brought on by the fireplace 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 automobiles made by Volkswagen Group from Germany to america, broke out on 16 February.

The 22 crew members have been evacuated on the identical day.

Mr Cabecas stated no oil leak had been reported to date however there have been fears the gasoline tanks may very well be broken because the vessel lay on the backside of the Atlantic at a depth of round 3,500 metres.

Volkswagen, which stated final week the injury to the automobiles was coated by insurance coverage, confirmed the ship has sunk.

Insurance coverage specialists stated the incident might end in losses of $155million