Having left port without permission in the early hours of Sunday 12th August, the Panamanian flagged "New Flame" collided with another ship, a Danish petrol tanker "Torm Gertrude" (other reports have incorrectly identified it, with no pun intended, as "Torn Gertrude"). The double hulled tanker made it into Algeciras port with its cargo intact.
Heavily damaged and believed to be holed amidships the New Flame has partially sunk having hit a reef known locally as “Los Picos” (The Peaks) at a depth of 23 metres. Its cargo is scrap metal but the main worry is the thousands of gallons of fuel onboard, soon to be pumped to a 'bunker' vessel before the ship is 'disposed of'.
Speculation is that it will either be dragged out to deeper water or demolition charges will blow it up. Hardly eco-friendly either way.
Here's how it looked a few months later.