Brazilian miner Vale said on Wednesday the bow of the iron ore ship "MV Stellar Banner" was damaged after leaving a port in the northern Brazilian state of Maranhao on Monday.
Vale said in a statement that the ship, which is 100 km off the Brazilian coast, is owned and operated by the South Korean company Polaris. A crew of 20 people has been evacuated from the damaged ship.
The ship was heading to the Chinese city of Qingdao with 275 000 t of iron-ore, according to Refinitiv data.