Loading...
Market
What will be the extent of environmental damage caused by the oil spill by the end of 2024?
2
Philippine Coast Guard•MT Terra Nova•Limay•Bataan•Iloilo•Lamao Point•BRP Hydrographer Presbitero•Manila Bay
Resolution / Starting Odds
Minimal • 25%
Moderate • 25%
Severe • 25%
Catastrophic • 25%
Environmental impact assessments and reports from the Philippine Department of Environment and Natural Resources
Story
Philippine Coast Guard Races to Contain 1.4 Million Liter Oil Spill After MT Terra Nova Capsizes
Jul 26, 2024, 04:26 AM
The Philippine Coast Guard is conducting search and rescue operations after the oil tanker MT Terra Nova capsized and submerged off the coast of Limay, Bataan. The incident occurred around 1:10 am on Thursday, July 25, while the vessel was en route to Iloilo carrying 1.4 million liters of industrial fuel oil. The tanker submerged 3.6 nautical miles east of Lamao Point. Environment Secretary Toni Yulo-Loyzaga has ordered the deployment of the survey vessel BRP Hydrographer Presbitero to locate the sunken tanker. Efforts are underway to contain the oil spill, with barriers being set up and siphoning operations expected to be completed within seven days. Authorities are preparing for a worst-case scenario to avoid a marine environmental catastrophe in Manila Bay.
View original story
Similar markets
Minimal damage • 25%
Moderate damage • 25%
Severe damage • 25%
Catastrophic damage • 25%
Yes • 50%
No • 50%
Minimal • 25%
Moderate • 25%
Severe • 25%
Catastrophic • 25%
Minimal impact • 25%
Moderate impact • 25%
Severe impact • 25%
Catastrophic impact • 25%
Minimal • 25%
Moderate • 25%
Severe • 25%
Catastrophic • 25%
Yes • 50%
No • 50%
Minimal • 25%
Moderate • 25%
Severe • 25%
Catastrophic • 25%
Minimal impact • 25%
Moderate impact • 25%
Severe impact • 25%
Catastrophic impact • 25%
Less than $10 million • 25%
$10 million to $50 million • 25%
$50 million to $100 million • 25%
More than $100 million • 25%
No spill • 25%
Minor spill (less than 10,000 barrels) • 25%
Moderate spill (10,000 to 50,000 barrels) • 25%
Major spill (more than 50,000 barrels) • 25%
Less than 1,000 tons • 25%
1,000 to 2,000 tons • 25%
2,000 to 3,000 tons • 25%
More than 3,000 tons • 25%
Russia • 25%
Ukraine • 25%
Turkey • 25%
Other • 25%