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    Home > Finance > Russian cargo ship sinks in Mediterranean after explosion, Russian Foreign Ministry says
    Finance

    Russian cargo ship sinks in Mediterranean after explosion, Russian Foreign Ministry says

    Published by Global Banking & Finance Review®

    Posted on December 24, 2024

    3 min read

    Last updated: January 27, 2026

    The image shows the Russian cargo ship Ursa Major, which sank in the Mediterranean after an explosion. This incident highlights risks in maritime logistics affecting Russian military operations.
    Russian cargo ship Ursa Major sinks in Mediterranean after explosion - Global Banking & Finance Review
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    Quick Summary

    A Russian cargo ship sank in the Mediterranean after an explosion. Two crew members are missing, while 14 were rescued and brought to Spain.

    Russian Cargo Ship Sinks in Mediterranean After Explosion

    By Andrew Osborn and Gleb Stolyarov

    MOSCOW (Reuters) - A Russian cargo ship called Ursa Major sank in the Mediterranean Sea after an explosion ripped through its engine room and two of its crew are still missing, the Russian Foreign Ministry said on Tuesday.

    The vessel, built in 2009, was controlled by Oboronlogistika, a company that is part of the Russian Defence Ministry's military construction operations, which had previously said it was en route to the Russian far eastern port of Vladivostok with two giant port cranes lashed to its deck.

    The Foreign Ministry's crisis centre said in a statement that 14 of the ship's 16 crew members had been rescued and brought to Spain, but that two were still missing. It did not say what had caused the engine room explosion.

    Russia's embassy in Spain was cited by the state RIA news agency as saying it was looking into the circumstances of the sinking and was in touch with the authorities in Spain.

    Oboronlogistika and SK-Yug, a company LSEG lists as part of the group and the ship's direct owner and operator, declined to comment on the sinking. Both entities were placed under sanctions by the United States in 2022 for their ties to Russia's military as was the Ursa Major itself.

    Unverified video footage of the ship heavily listing to its starboard side with its bow much lower down in the water than usual was filmed on Dec. 23 by a passing ship and published on Russia's life.ru news outlet on Tuesday.

    Oboronlogistika, the ship's ultimate owner, said in a statement on Dec. 20 that the ship, which LSEG data showed was previously called Sparta III among other names, had been carrying specialised port cranes due to be installed at the port of Vladivostok as well as parts for new ice-breakers.

    Two giant cranes could be seen strapped to the deck in the unverified video footage.

    LSEG ship tracking data shows the vessel departed from the Russian port of St. Petersburg on Dec. 11 and was last seen sending a signal at 2204 GMT on Monday between Algeria and Spain where it sank.

    On leaving St. Petersburg it had indicated that its next port of call was the Russian port of Vladivostok, not the Syrian port of Tartous which it has called at previously.

    Spanish news outlet El Espanol said on its website that crew members had been evacuated to the Spanish port of Cartagena and that several vessels, including a Spanish Navy ship, had taken part in rescuing the crew.

    It said the vessel had been due to arrive in Vladivostok on Jan. 22.

    (Reporting by Gleb Stolyarov and Andrew Osborn; Editing by Guy Faulconbridge and Tomasz Janowski)

    Key Takeaways

    • •Russian cargo ship Ursa Major sank after an explosion.
    • •Two crew members are missing; 14 rescued.
    • •The ship was en route to Vladivostok with cranes.
    • •Oboronlogistika and SK-Yug declined to comment.
    • •The ship was under US sanctions since 2022.

    Frequently Asked Questions about Russian cargo ship sinks in Mediterranean after explosion, Russian Foreign Ministry says

    1What is the main topic?

    The main topic is the sinking of the Russian cargo ship Ursa Major in the Mediterranean Sea after an explosion.

    2What caused the ship to sink?

    The ship sank after an explosion in its engine room, though the exact cause is not yet known.

    3How many crew members were rescued?

    Fourteen crew members were rescued and brought to Spain, while two remain missing.

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