📈 Business & Markets

Down She Goes

Wednesday, Mar 2, 2022

Image: Portuguese Navy

Two weeks after catching fire, the Felicity Ace – a mammoth cargo ship carrying more than $400 million worth of brand-new cars – sank yesterday.

🚗🐠 The manifest… All in all, the ship was carrying around 4,000 electric and non-electric vehicles including:

  • 1,000+ Porsches
  • 200 Bentleys
  • An unknown number of Volkswagens, Audis and Lamborghinis

🔥 More deets: A fire broke out in the ship’s cargo hold six days after it departed from Germany for Rhode Island; the company that managed the vessel hasn’t said how or why the fire started. Nearby commercial ships and a helicopter rescued all of the ship’s 22 crew members.

🚢 Zoom out: In December 2018, another similarly-named carrier, the Sincerity Ace, caught fire in the Pacific Ocean while transporting about 3,500 Nissan vehicles from Japan, according to The Honolulu Star-Advertiser.

+Fun fact: The value of the Felicity Ace’s cargo is roughly equivalent to the amount of money it cost to build the Titanic.

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