July 28, 2006

Mitsu Cargo Ship Listing More

Being in the auto industry as long as I have (now that is scary to say) I have heard about things like this a few times.

A Mitsui O.S.K. cargo ship, listing in rough seas near Alaska's Aleutian Islands, might be leaking fuel from its tanks, the U.S. Coast Guard said....

Mitsui's Cougar Ace, which has a cargo of at least 4,700 Mazda Motor Corp. vehicles estimated to be worth $117.5 million, foundered on July 22 while en route to Tacoma, Wash., the statement said....

The article states that a salvage company is heading to the ship to see if they can tow it to a port to get the cargo out, but I'm not sure that will be possible.

I had heard years ago of a cargo ship full of Volvo's went down in rough seas taking with in a couple hundred million dollars worth of Volvo's.

Posted by Quality Weenie at July 28, 2006 06:58 AM | TrackBack