MV New Flame was a Panamanian bulk-carrier cargo ship. It collided with an oil tanker off Europa Point, the southernmost tip of Gibraltar on 12 August 2007, and ended up partially submerged in the Strait of Gibraltar. The vessel broke into two in December 2007 amid numerous unsuccessful recovery efforts. The cargo was salvaged and the stern section removed for scrap. Following the crew's rescue, the captain was arrested for having departed without authorisation. Charges of endangering shipping were later dropped.

Europa Point, is the southernmost point of Gibraltar. Although not the southernmost point of the Iberian Peninsula, Europa Point defines the boundary between the Straits of Gibraltar in the Atlantic Ocean, and the Alboran Sea within the Mediterranean. At the end of the Rock of Gibraltar, the area is flat and occupied by such features as a playing field and a few buildings. On a clear day, views of North Africa can be seen across the Strait of Gibraltar including Ceuta and the Rif Mountains of Morocco; as well as the Bay of Gibraltar and the Spanish towns along its shores. It is reached from the old town by Europa Road.