JAPANESE owned but Singapore based Ocean Network Express (ONE) has confirmed that 60 containers were lost overboard with a further 80 damaged in the stack collapse aboard the 13,900-TEU MADRID BRIDGE mid-Atlantic en route to New York, reports London's Loadstar.

The ship on the EC4 service from Asia to the US east coast, suffered the stack collapse and was last moving at 19 knots, according to VesselsValue.

The MADRID BRIDGE has tracked south, and is now north-east of the Caribbean, to circumvent a storm, originally thought to be heading for New York.

The vessel is currently proceeding towards the east coast of the United States and, if all goes well, will be calling in Charleston for a detailed assessment of the vessel condition and to discharge the affected containers," ONE said.

The ship's owner, "K" Line, said there were no injuries and no loss of containers with dangerous cargo."We remain in close contact with the charterer, ONE. All the relevant authorities were immediately informed and an investigation into the incident is underway," said "K" Line.