The Bahamas flagged car carrier Baltic Ace sunk after a collision at sea off the coast of Zeeland. The accident occurred about 65 kilometers off the coast of Zeeland. The ship had a crew of 24 seafarers. Baltic Ace collided with the Cyprus flagged containership Corvus J. The condition of the crewmembers from the Baltic Ace is unclear although according to Coast Guard reports eleven people have been rescued from the Dutch Coastguard.
The container ship Corvus J was hardly damaged. Besides coast guard lifeboats naval vessels have also been deployed. The weather conditions during the time of the accident were good. The Baltic Ace was en route from Zeebrugge, in Belgium, to Kotka in Finland, while the Corvus J was going from Grangemouth in Scotland to Antwerp, Belgium.
Update 1: 06 Dec. 2012
According to the Dutch Coastguard, from the 24 people on board Baltic Ace 13 have been rescued and transferred to Rotterdam and Ostend. Some of them are suffering from hypothermia.
Furthermore, three corpses have been recovered from a Belgian rescue helicopter. There are 8 people still missing.
The Dutch Coastguard still operates in the area with rescue helicopters and lifeboats.
A video compiled by AIS data has been developed from www.vesselfinder.com showing the vessels moments before the collision:
Update 2: 06 Dec. 2012
The Dutch Coastguard has announced that the search and rescue operations for the missing crew members of Baltic Ace have been suspended and will continue tomorrow The chances of finding the missing seafarers are very low. Nevertheless the coast guard has requested from vessels transiting the adjacent area to be alert for signs of survivors (e.g. liferafts, lifebuoys etc).
The following photos have been published depicting the damage sustained by the containership Corvus J during the collision.
Update 3: 11 Dec. 2012
A report of the Reuters news agency said human error was probably to blame for a collision that killed two Filipinos, two Poles, and a Ukrainian crewmen and sank the Baltic Ace car carrier, its Greek manager said on Thursday. The names of the dead had not been made public yet.
According to company officials of the managing company technical failure was extremely unlikely because the ship was just five years old, in very good condition and had passed a safety inspection in August.
The wreck is located at a depth of about 25-30 meters near the Noord Hinder shipping route, one of the busiest in the world.
Source: Dutch Coastguard, BBC, GMA News, Internmanager
Officer of the Watch 
VIDEO from the collision of Baltic Ace and Corvus J
AIS Historical Data
http://www.vesselfinder.com/news/742-EXCLUSIVE-VIDEO-The-collision-between-BALTIC-ACE-and-CORVUS-J-AIS-Historical-Data
Can I have the names of the Filipino crews who died and survived in the said incident.
The names of the dead had not been made public yet.