Two winners from the Red Sea crisis: the shipping lines and Houthis
“Vessels ‘go dark’ to avoid Houthi attacks,” blared headlines as 2024 kicked in, and commercial ...
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
Historical tracking of vessels in the vicinity of the Amplify Energy Corporation’s southern California pipeline shows no vessel passed over it around the time of a leak.
An “uncontrolled leak of oil” occurred of the California coastline from a subsea pipeline was reported to the US Coast Guard on 2 October by the operator, Beta Offshore, a subsidiary of Amplify Energy.
Press speculation suggested a Hapag-Lloyd vessel, the Rotterdam Express, or a “mystery” other ship had dragged its anchor, displacing the pipe and leading to a crack and the oil spill.
However, evidence compiled by VesselsValue for The Loadstar reveals the closest vessels, including Rotterdam Express and a possible contender for the ‘mystery ship’, the TS Lines-owned TS Manila, never crossed the pipeline.
The focus of the investigation has now moved away from these vessels.
Comment on this article