Two Weeks After Catching Fire, a Cargo Ship Carrying €140 Million in Luxury Cars Sinks

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Hundreds of supercars worth €140 million have been discovered at the bottom of the Atlantic Ocean after a burning cargo ship sank two weeks after taking fire.

Before catching fire on February 16, the Felicity Ace vessel was transporting approximately 4,000 luxury cars from the Volkswagen Group, including Porsches and Bentleys, from Germany to the United States.

According to a port official, the Felicity Ace ship was being pulled to safety before sinking owing to structural damage caused by the fire and the rough Portuguese waters, 250 miles from the Azores.

cargo ship carrying luxury cars sinks (1)
Two Weeks After Catching Fire, a Cargo Ship Carrying €140 Million in Luxury Cars Sinks | Cargo Ship Carrying Luxury Cars Sinks

‘When the towing began, water began to pour in,’ said Joao Mendes Cabecas, skipper of the island of Faial’s nearest port. ‘The ship sank due to a loss of stability.’

Mr. Cabecas also stated that there are no oil leaks as a result of the incident, which forced the evacuation of 22 crew members. The ship’s fuel tanks, on the other hand, are feared to be damaged.

The ship is presently believed to be at the bottom of the Atlantic Ocean, at a depth of 3,500 meters (3.5km).

cargo ship carrying luxury cars sinks (2)
Two Weeks After Catching Fire, a Cargo Ship Carrying €140 Million in Luxury Cars Sinks | Cargo Ship Carrying Luxury Cars Sinks

Volkswagen has stated that the company’s insurance will cover the damage caused by the fire to the automobiles, which is estimated to be more than $155 million (€139 million).

The ship had sunk, according to the world’s largest automobile manufacturer.

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Two Weeks After Catching Fire, a Cargo Ship Carrying €140 Million in Luxury Cars Sinks | Cargo Ship Carrying Luxury Cars Sinks

A fire aboard a boat near Greece has resulted in the deaths of eight persons and the disappearance of at least three more.

 

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