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18th August 2013. In the Philippines a ferry collided with a cargo ship which carried more than 800 passengers and crew members. The ferry sank within 10 minutes of the impact.
The ferry was also carrying 120,000 litres (32,000 gallons) of fuel when it sank, and the accident has caused this fuel to leak into the ocean.
It is good to hear that 600 lives have been saved, and this is clearly the most important thing to think about.

But now onto the next stage … what happens to the oil leak, and how will this be managed? What insurance does the ferry have for the loss (and replacement) of the boat, loss of business, and loss of lives and injury payments? How will the ferry line repair their reputation for any of their other ferries, and will customers trust them? Will there be any police charges laid in relation to the deaths, injuries, or fuel spill, and who will be the ones charged? What is the cost to the other boat?

http://www.bbc.co.uk/news/world-asia-23736610

Philippines ferry sinks killing 31 At least 31 people die and around 170 are missing after a ferry with more than 800 on board collides with a cargo ship in the Philippines.