Exactly one year and one day after the loss due to grounding
of the huge South Korean iron ore carrier Daeyang Family
off the coast of South Africa, another massive South KOrean bulk carrier,
ther 1986 built, 101,487 tons gross, 199,483 tons deadweight
Hyundai New World rang aground, this time off the coast of Brazil
near San Luiz de Maranhao.
She had in her enormous holds, 101,803 tons of American coal
loaded at Norfolk, Virginia,
and 94,860 tons of Brazilian iron ore loaded
at Ponta da Madeira, near Itaqui.
The grounding occurred at high tide
shortly after undocking from Ponta da Madeira
during the evening of March 31, 1987,
while waiting at the outer anchorage
for a spare main cylinder liner to arrive.
Refloating attempts failed,
with the holds of the wrecked vessel subsequently becoming flooded,
the situation worsened day by day
due to continuous pounding by 22 ft waves.
A month after the original grounding, Brazilian Navy officials
stated that the ship would break in two at any moment,
with there being no chance of any successful salvage.
She gradually settled into the silt of the river bed,
the entire cargo section being submerged.
The enormous $32.5m hull and machinery insurance
of the Hyunda New World was placed in London,
while the combined value of her coal and ore cargo was put at $7m.