The 266,000 dwt ore carrier, Stellar Daisy, belonging to South Korea's Polaris Shipping went missing in the South Atlantic about 2,500 kilometres off Uruguay after urgent distress messages were sent to its headquarters last Friday stating that they were taking on water. An oil slick detected 3700km off the coast indicated that the 322 metre vessel had probably sunk. Only two of the crew comprised of 16 Filipinos and eight Koreans appear to have survived. The Stellar Daisy was enroute to China from Brazil and it is suggested that water ingress caused the liquefaction of the iron ore cargo causing the ship to capsize.
The International Association of Dry Cargo Shipowners (INTERCARGO) issued a statement Thursday calling for the timely completion of an investigation, "as a means to identify the causes of the incident and enable corrective actions to be taken." It called on the vessel's flag state, class society and P&I club to work together to produce a report as quickly as possible. The Stellar Daisy was initially built in 1993 as a single-hulled crude tanker and was later converted to carry iron ore cargo.