Loading...
Market
How long will the Ultra Galaxy salvage operation take by September 30, 2024?
2
Resolution / Starting Odds
Less than 1 week • 25%
1 to 2 weeks • 25%
2 to 4 weeks • 25%
More than 4 weeks • 25%
Official reports from the South African Maritime Safety Authority (SAMSA) or news outlets
Story
South African Authorities Rush to Prevent Oil Spill from Grounded Cargo Ship Ultra Galaxy
Jul 11, 2024, 01:24 PM
The South African Maritime Safety Authority has dispatched two salvage tugs to save the cargo ship, Ultra Galaxy, which has run aground off the coast of Brand se Baai on the west coast of the Western Cape. Authorities are rushing to prevent a potential oil spill and pollution from the grounded vessel, raising oil spill concerns. Salvage operations were in high gear on Thursday to address the situation.
View original story
Similar markets
Yes • 50%
No • 50%
Extreme weather conditions • 25%
Human error • 25%
Mechanical failure • 25%
Other • 25%
Yes • 50%
No • 50%
Less than 10,000 barrels • 25%
10,000 to 50,000 barrels • 25%
50,001 to 100,000 barrels • 25%
More than 100,000 barrels • 25%
No legal actions • 25%
Fines imposed • 25%
Lawsuits filed • 25%
Both fines and lawsuits • 25%
Fully successful • 25%
Partially successful • 25%
Unsuccessful • 25%
Abandoned • 25%
Yes • 50%
No • 50%
All objectives met • 25%
Some objectives met • 25%
No objectives met • 25%
Mission aborted • 25%