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THOUSANDS of luxury cars worth £100million could sink to the bottom of the North Sea after a deadly blaze ripped through a cargo ship.

Rescue helicopters and boats raced to evacuate more than 20 crew members from the 18,500-tonne vessel sailing from Germany to Egypt in the early hours of Wednesday morning.

One person died after the huge blaze broke out on the cargo ship
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One person died after the huge blaze broke out on the cargo shipCredit: Twitter/@Nedlifenews
The fire broke out while the ship was sailing in North Sea near the Netherlands coast
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The fire broke out while the ship was sailing in North Sea near the Netherlands coastCredit: Rex
Rescue helicopters and boats raced to evacuate the 23 crew members from the vessel
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Rescue helicopters and boats raced to evacuate the 23 crew members from the vesselCredit: Reuters
The Dutch coastguard said the blaze was 'still raging' on the Fremantle Highway
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The Dutch coastguard said the blaze was 'still raging' on the Fremantle HighwayCredit: Dutch Coastguard
Crew members were stretchered away and airlifted to hospital
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Crew members were stretchered away and airlifted to hospitalCredit: Rex

One of the crew sadly died in the inferno on the Fremantle Highway and several others were injured.

The incident happened about 27 kilometres north of the island of Ameland, off the coast of the Netherlands.

The Dutch coastguard said the blaze was "still raging" - with pictures showing a huge plume of black smoke drifting over the sea from the stricken vessel.

The ship was carrying 2,857 cars - 25 of them electric.

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One of the electric vehicles was suspected to have sparked the fire, the coastguard said.

About 350 of the cars on the vessel are Mercedes-Benz vehicles - which have an average price tag of £29,000.

A spokesperson for the company told The Sun: "We are currently in close coordination with the transport service provider concerned."

Several crew members were forced to jump overboard as the huge blaze swept through the ship, the Dutch coastguard said.

"Around midnight the coastguard received a report that the Fremantle Highway is on fire," a spokesperson said.

"The crew tried to put out the fire themselves, but failed.

"Unfortunately one person died and several others were injured."

The 199-metre ship, which left the German port of Bremerhaven, was towed out of shipping lanes early on Wednesday, Dutch broadcaster NOS reports.

Salvage vessels are now on the scene trying to put out the blaze and stop the ship from sinking.

"Currently there are a lot of vessels on scene to monitor the situation and to see how to get the fire under control," Lea Versteeg from the Dutch coastguard said.

"But its all depending on weather and the damage to the vessel."

Asked if it was possible the massive ship could sink, Versteeg said: "It's a scenario we're taking into account and we're preparing for all scenarios.

"We hope that the fire will be under control or will die out and that we can get the vessel in a safe location.

"But it's all uncertain whats going to happen now."

The crew were evacuated to the nearby Dutch port of Lauwersoog.

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Authorities in Germany are also monitoring the situation.

A spokesman for the German sea disaster command in the northern city of Cuxhaven said rescue ships were ready to help if needed.

Officials have warned the ship could sink
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Officials have warned the ship could sinkCredit: AFP
Many crew members were airlifted to hospital suffering from smoke inhalation
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Many crew members were airlifted to hospital suffering from smoke inhalationCredit: Twitter
The crew were evacuated to the nearby Dutch port of Lauwersoog
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The crew were evacuated to the nearby Dutch port of LauwersoogCredit: Rex