A grounded and laden very large ore carrier is being examined by divers on Brazil's coast as owner Polaris Shipping gears up to remove bunkers from the the vessel, the outfit said.

The South Korean shipping company also said the oil sheen or residue initially spotted around the 300,630-dwt Stellar Banner (built 2016) has disappeared.

“The oil fence deployed around Stellar Banner as a precautionary measure has now been removed, after consulting with the Brazilian navy and Brazilian Institute of Environment and Renewable Natural Resources (IBAMA),” said Polaris.