27 April: The MV Reijin (pictured in July 1988) capsizes off Porto.
27 April – The Panamanian cargo ship Reijin, carrying more than 5,000 vehicles at a total value of $100 million, runs aground off the coast of Porto, killing one person.[1]
31 May – Malaysian officials announce the discovery of the Portuguese warship Flor De La Mar, which sank in the Strait of Malacca while en route to India in the early 16th century. The value of the treasure of gold and other rare metals from the Malacca Sultanate thought to be onboard is estimated at approximately $3 billion.[2]
1 August – A bus crash between Porto and São João da Madeira kills ten and injures 30 of the approximately 50 passengers onboard.[3]
25 August – A fire breaks out in the early morning at a department store in Lisbon's central Chiado district, destroying much of the area and leaving two people dead and 300 people without homes. The New York Times describes the fire, the cost of which is estimated at $350 million, as the "worst disaster" to befall the city since the earthquake in 1755.[4]
23 September – At the 1988 Summer Olympics held in Seoul, Rosa Mota wins gold medal in the women's marathon[5] to become Portugal's first female Olympic champion.[6]
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