The situation aboard the motor tanker Castor, which suffered heavy weather damage on December 31 is deteriorating rapidly. The owner, manager, classification society and the salvors are concerned that the situation is becoming untenable and that the vessel and its cargo are now in peril. The vessel remains some 40 miles off the coast of Cartagena on the Spanish Coast, still seeking a sheltered location to offload its cargo of 29,500 tons of gasoline. Athenian Sea Carriers CEO, Nicolas Hondos, said, "Our options have narrowed considerably in the last 24 hours. We are becoming concerned that we will not be able to find a positive way out of this very difficult situation.