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''Stellar Banner'' [[anchor]]ed, and her crew assessed the damage and tried to control the flooding with fixed and portable [[pump]]s.<ref name=marineinsurancenews/> After several hours, the crew determined that [[sea water]] was flooding the ship more quickly than the pumps could pump it out.<ref name=marineinsurancenews/> The captain then moved ''Stellar Banner'' to shallower water and intentionally ran her aground about {{convert|100|km|nmi mi}} off [[São Luís, Maranhão|São Luís]], Brazil, on the morning of 25 February 2020 to prevent her from sinking.<ref name=marineinsurancenews/><ref name=maritimeexecutive/> She took on a heavy [[Angle of list|list]] to [[Port and starboard|starboard]] after grounding.<ref name=maritimeexecutive/> Her crew of 20 was evacuated safely.<ref name=maritimeexecutive/>
In March 2020, a [[Marine salvage|salvage]] effort began in which salvors first removed {{convert|3,500|t|0|abbr=off}} — about {{convert|3,900|m3|sigfig=3}} — of [[fuel oil]] and {{convert|140|t|0|abbr=off}} of [[diesel fuel]] from the ship, a process which took about a month and was completed on 12 April 2020.<ref name=marineinsurancenews/><ref name=maritimeexecutive/> Shortly afterward, the [[lightering]] of the ship’s cargo of iron ore began.<ref name=marineinsurancenews/><ref name=maritimeexecutive/> Sources differ on the amount of iron ore removed, one stating that by 27 May 2020, salvors had lightered about {{convert|145,000|t|abbr=off}} of iron ore,<ref name=marineinsurancenews/> and another that {{convert|140,000|t|sigfig=3|abbr=off}} had been removed when lightering concluded on 2 June 2020.<ref name=maritimeexecutive/> According to the [[Brazilian Navy]], lightering and other measures reduced ''Stellar Banner''′s list from 25 to 13 degrees.<ref name=maritimeexecutive/>
''Stellar Banner'' was refloated on 3 June 2020<ref name=maritimeexecutive/> and immediately was [[Towing|towed]] to deeper water and anchored.<ref name=marineinsurancenews/> There her [[ship classification society]], assisted by commercial [[Underwater diving|divers]] and a [[remotely operated underwater vehicle]] team, conducted a damage survey which determined that she was a [[constructive total loss]].<ref name=marineinsurancenews/> The ship's scrap value alone probably totaled several million [[United States dollar]]s or [[euro]]s<!--Dutch source states "several millions" without specifying whether it is using local currency (euros) or the U.S. dollar, commonly used in internatioal transactions.--> and about {{convert|150,000|t|sigfig=3|abbr=off}} of iron ore remained aboard, but Polaris Shipping — citing unacceptable safety issues that would arise in any attempt to tow the ship to port — apparently determined that the cost of bringing the ship to port to unload her remaining cargo and sell her for scrap would exceed the value of the ship and her cargo and proposed [[scuttling]] ''Stellar Banner'' in deep water instead as a means of disposing of her.<ref name=swzmaritime/><ref name=maritimeexecutive/>
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