News
Middle East-Bound Cargo Ship Capsizes With 4,200 Hyundai And Kia Cars On Board

A Middle East-bound Hyundai Glovis cargo ship, carrying 4200 brand new Hyundai and Kia motors, capsized and caught fire on Sunday morning in St. Simons Sound off the coast of Brunswick, Georgia.
The South Korean foreign ministry said a US harbor pilot, 10 South Koreans and 13 Filipinos were onboard when the ship began tilting over. All the 24 people were later rescued and lifted into helicopters hovering overhead.
According the company official, who asked not to be identified because of the sensitivity of the matter, the cars on the ship, named Golden Ray, includes marques such as Hyundai Motors and Kia Motors.
The official also said:
“We are making rescue of crew members as our top priority. After that we will investigate any damage on cargo”
The Golden Ray is owned by Hyundai motor‘s ocean freight logistics company. It was built in 2017 and has a capacity to carry 6,933 vehicles.
A similar incident happened in 2006 when a North America-bound Cougar Ace cargo ship capsized near Alaska with $103 m (₦37.3 billion) worth of brand-new Mazdas. All the 4,703 brand new cars, that consists of 2804 Mazda 3s, 1329 CX-7s, 295 MX-5s, 214 RX-8s, 56 Mazda 5s and 5 Mazda speed 6s, were eventually crushed (Video Above).
Mazda said :
We certainly didn’t save any money crushing,”
“What we saved was our reputation”
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