Amplify Energy Corp.

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...

https://container-news.com/msc-and-costamare-to-jointly-fund-california-oil-spill-settlement/

MSC’s decision to enter in settlement with Amplify comes with no “admission of liability”

MSC announced its intention to enter into a settlement agreement with Amplify Energy Corp. and its affiliated entities along with the Marine Exchange and the owners, operators and charterers of one other vessel in connection with the 2021 Orange County pipeline oil spill.

However, MSC noted that this decision is made “without an admission of liability”.

“Despite its agreement to enter into the settlement, MSC nonetheless maintains that the responsibility for the October 2021 oil spill lies with...

https://container-news.com/mscs-decision-to-enter-in-settlement-with-amplify-comes-with-no-admission-of-liability/

US energy company suing COSCO and MSC over Californian oil spill

Liner giants COSCO and MSC are being sued by US pipeline operator Amplify Energy Corp. in relation to a massive oil spill resulting from a broken pipeline off Long Beach port in California.

In the incident on 1 October 2021, 25,000 gallons of crude oil were discharged from a crack in the 16-inch San Pedro Bay Pipeline.

On 15 December 2021, a federal grand injury indicted Amplify and two of its subsidiaries for illegally and negligently discharging oil.

Eight alarms were sounded over a 13-hour...

https://container-news.com/us-energy-company-suing-cosco-and-msc-over-californian-oil-spill/