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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 agrees to jointly fund settlement related to 2021 Orange County pipeline oil spill

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

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