Disruptive Tech Initiative Poised to Tackle Spike in Lost Shipping Cargo

Last month the Felicity Ace caught fire in the mid-Atlantic and had to be abandoned. The cargo ship was carrying over 4,000 luxury cars, including Porsche, Audi, Bentley and Lamborghini models, which insurers estimated to be worth £295 million. It was adrift somewhere south of the Azores for some weeks, assumed to be still burning, before it finally sank. The hazardous lithium-ion batteries, oil and gas contained onboard now sit on the ocean floor.

Felicity Ace reached mainstream news but it is...

https://allaboutshipping.co.uk/2022/03/22/disruptive-tech-initiative-poised-to-tackle-spike-in-lost-shipping-cargo/

Car carrier — and Bentleys, Porsches and Lamborghinis — sinks

The car carrier Felicity Ace has sunk — and with it about half a billion dollars worth of luxury vehicles.

“Initial reports from the local salvage team state that the vessel had sunk at around 9 a.m. local time (5 a.m. EST Tuesday) having suffered a list to starboard,” MOL Ship Management Singapore said in a statement. 

According to the incident information center, the Felicity Ace was about 220 nautical miles off the Portuguese Azores in the Atlantic Ocean when it sank. The vessel, owned and...

https://www.freightwaves.com/news/car-carrier-and-bentleys-porsches-and-lamborghinis-sinks

Govt. very happy with Blue Fund

Govt. very happy with Blue Fund

Monaco
Good Morning Monaco

Wednesday, February 23, 2022

Government very happy with success of blue fund
One of the major planks of Monaco’s program of digital transition has been the fonds bleu, a scheme that enables a limited number of Monaco companies to benefit from state subsidies… 

Well over the limit, she hit fence on Casino Square
Nowhere in Monaco is more well-policed than Casino Square, and yet it was here in the very centre of Monte-Carlo that a 35 year-old...

https://allaboutshipping.co.uk/2022/02/23/govt-very-happy-with-blue-fund/

Monaco: One more elderly death, plus more

Monaco: One more elderly death, plus more

Monaco; the marina and at the centre the Yacht Club de Monaco
Good Morning Monaco

Saturday, February 19, 2022

Pandemic update: One more elderly death on Friday
One more person with coronavirus symptoms, aged 91, has died, the Monaco Government announced on Friday, February 18…

Porsches, Lamborghinis, Bentleys adrift and burning
An ill-fated cargo ship called the Felicity Ace caught ablaze near the coast of the Azores on Wednesday, February 16 and with all 22...

https://allaboutshipping.co.uk/2022/02/19/monaco-one-more-elderly-death-plus-more/

Additional insight on car carrier aflame off Azores coastline

Additional insight on car carrier aflame off Azores coastline

A huge car carrier named ‘Felicity Ace’ with a capacity of 6400 CEU and 656 feet in length, caught fire yesterday off the coast of the Azores in Portugal, along with its precious cargo comprising almost 4,000 luxury vehicles. 

The Japanese owned car carrier ‘Felicity Ace’ built in 2005, with a market value today of USD 31.50 million, began transmitting distress signals after a fire broke out in one of the cargo decks. Fortunately, all...

https://allaboutshipping.co.uk/2022/02/18/additional-insight-on-car-carrier-aflame-off-azores-coastline/