Panama-flagged 58735-DWT Navios Amaryllis ran aground in the west of K Rasfari island of the Maldives on August 19. The ship was travelling from India to South Africa.
EPA Director General Ibrahim Naeem declared that the vessel may only leave after a damage assessment is made and if the ship's owners deposit the money.
Deputy transport minister Hamad Abdul Ghanee declared the ship ran aground due to negligence from the captain who failed to report an engine failure.
The EPA declared the ship may have caused severe damage to the reef.