Burnt Ship Carrying Porsches, Lamborghinis Sinks in Rough Seas
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The cargo ship that caught fire in the Atlantic while transporting about 4,000 Volkswagen AG vehicles to the U.S. has sunk despite efforts to tow it to safety.
The Felicity Ace sank 220 nautical miles off the coast of Portugals Azores Islands around 9 a.m. local time March 1 after being battered by waves and leaning 45 degrees to its starboard side, the ships operator said.
The weather was pretty rough out there, said Pat Adamson, a spokesperson for MOL Ship Management (Singapore), a unit of Mitsui OSK Lines Ltd. And then she sank, which was a surprise.
Volkswagen had VW, Porsche, Audi, Bentley and Lamborghini-branded models on the vessel, which was on its way to Rhode Island from Germanys Emden port when the fire broke out Feb. 16. The blaze is believed to have lasted more than a week after the Panama-flagged ships crew was evacuated and it was left adrift.
Tug boats and salvage craft accompanying the vehicle are in the area to monitor the situation, Adamson said.
There doesnt appear to be any oil pollution yet theyre checking on that, the spokesperson said.
Volkswagen declined to comment March 1. The German carmaker had feared that large numbers of its cars on the vessel would not be salvageable, with brands and dealers notifying customers that the U.S.-bound vehicles likely wouldnt be delivered. Damage to the cars is covered by insurance, the automaker had said last week.
In a projection assuming all vehicles would be lost, risk-modeling company Russell Group last week estimated that the incident could cost the automaker at least $155 million. Approximately $438 million worth of goods was aboard the ship, $401 million of which was cars.
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