15.5 C
Hamburg
Thursday, June 19, 2025
Home News MSC and Costamare to jointly fund California oil spill settlement

MSC and Costamare to jointly fund California oil spill settlement

The largest container carrier in the world MSC has entered into a settlement agreement with the subrogated insurers of Amplify Energy Corp related to the 2021 Orange County oil spill incident.

According to MSC’s statement, the settlement amount will be jointly funded by MSC and Costamare “without admission of responsibility or liability for the environmental damage that took place due to Amplify’s negligent management of their underwater pipeline”.

MSC maintains that Amplify is solely responsible for events that led up to the oil spill and that their actions further worsened the pollution substantially.

The Swiss/Italian company stated it hopes this regrettable incident will encourage Amplify to recognise its responsibility as a marine operator in the waters of California.

MSC went on to add, “Amplify pleaded guilty to criminal negligence for their role in the oil spill. Amplify failed to act as a responsible marine operator by not taking reasonable preventative steps to better protect its pipeline and detect deficiencies within its pipeline despite becoming aware of them for months prior to the spill. For these reasons, a preventable pollution event occurred which negatively impacted San Pedro Bay.”





Antonis Karamalegkos
Managing Editor

Latest Posts

Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...
error: Content is protected !!