Ship full of Porsches, Bentleys, Lamborghinis continues to burn in the Atlantic

The value of the cars onboard the Felicity Ace is approximately $400 million.

A cargo ship carrying thousands of luxury cars continues to burn in the middle of the Atlantic Ocean, but reports say the fire might soon flame out.

Last week, the Portuguese navy responded to calls of distress from the Felicity Ace after a fire broke out on one of its cargo decks and quickly spread.

The fire’s been burning for more than a week now, despite being sprayed down with water by tugboats this week.

Two more tugboats equipped with firefighting gear are scheduled to arrive Wednesday and on Feb. 26, reports NBC.

Insurance experts at Russell Group told The Guardian that there’s an estimated $401 million worth of luxury cars aboard the ship, including Porsches, Volkswagens, Audis, Bentleys and Lamborghinis.

Mitsui O.S.K. Lines Ltd (MOL), the group that manages the ship, said in a statement the vessel was still on fire but stable, and that no oil leak had been reported so far.

The company also said that the anticipated tugboats will help ensure the boat doesn’t continue to drift farther away from Portugal’s coast.

“The fire has subsided in recent hours,” João Mendes Cabeças, captain of the nearest port in the Azorean island of Faial, told Reuters earlier this week, saying there was probably little combustible material left to burn.