THE fire-ravished 17,738-dwt car carrier Felicity Ace was still drifting off the Azores is said to have represent a loss of US$438 million after an unquenchable lithium fire took hold, reported London's Guardian newspaper.
that was the estimate of the loss made from insurance experts at Russell Group. Suki Basi, the group's managing director, said the incident would result in losses of at least $155 million for Volkswagen, which owns Porsche, Audi, Bentley and Lamborghini.
'These figures showed once again the precariousness of global supply chains,' Mr Basi said. 'The incident comes at a bad time for global carmakers, who are in the middle of a supply chain crisis sourcing semiconductors, resulting in new delays for new cars.'
The ship's operator, MOL Ship Management (Singapore), said at the vessel was 'still assumed to remain on fire south of the Azores, drifting further away from the islands'.
It said two firefighting tugboats were due to arrive at the site and would 'start spraying water together with the patrol boat with the initial salvage team onboard already on site to cool down the heat from the vessel'.
The company said the ship remained stable and was not leaking oil. Another salvage craft with firefighting equipment is due to arrive from Rotterdam on February 26.
Felicity Ace was travelling from Emden, Germany, where Volkswagen has a factory, to Davisville, Rhode Island, according to the website MarineTraffic.
SeaNews Turkey
that was the estimate of the loss made from insurance experts at Russell Group. Suki Basi, the group's managing director, said the incident would result in losses of at least $155 million for Volkswagen, which owns Porsche, Audi, Bentley and Lamborghini.
'These figures showed once again the precariousness of global supply chains,' Mr Basi said. 'The incident comes at a bad time for global carmakers, who are in the middle of a supply chain crisis sourcing semiconductors, resulting in new delays for new cars.'
The ship's operator, MOL Ship Management (Singapore), said at the vessel was 'still assumed to remain on fire south of the Azores, drifting further away from the islands'.
It said two firefighting tugboats were due to arrive at the site and would 'start spraying water together with the patrol boat with the initial salvage team onboard already on site to cool down the heat from the vessel'.
The company said the ship remained stable and was not leaking oil. Another salvage craft with firefighting equipment is due to arrive from Rotterdam on February 26.
Felicity Ace was travelling from Emden, Germany, where Volkswagen has a factory, to Davisville, Rhode Island, according to the website MarineTraffic.
SeaNews Turkey