The Million Hope was a Bulk Cargo Carrier of 16,339 GRT built at Koyo Dockyard, Mihara-Hiroshima, Japan. Originally named the Ryusei Maru upon her being launched on 10 June 1972.
Early on the morning of 20 June 1996, the ship ran aground on the inshore reef near Naqb which is located a few miles north of Sharm EL-Sheikh.
The reason for the ship’s grounding varies between a fire occurring in the ship’s superstructure, a combination of high speed in low visibility conditions, or a combination of both, depending on which version of the incident one reads. However, there is evidence of there having been a fire onboard.
This is the largest shipwreck in the Red Sea. The Million Hope sits upright, with a port list, on the bottom with its starboard side next to the reef at a max depth of 24m. She actually sits on top of another wreck which sank in the same location, the Hey Daroma.
Learn more about this wreck at: http://dive.im/MillionHope