Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Hapag-Lloyd AG
  6. News
  7. Summary
    HLAG   DE000HLAG475


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hapag Lloyd : Investigators board ship that was anchored near oil pipeline

10/07/2021 | 08:04am EST

HUNTINGTON BEACH, Calif. (AP) — U.S. Coast Guard investigators have boarded a massive cargo ship as part of the ongoing probe into what caused the rupture of a California oil pipeline that sent crude washing up on beaches.

The Associated Press reported Wednesday that the Rotterdam Express made a series of unusual movements while anchored in the closest spot to where the break in the pipeline occurred, according to data collected by a marine navigation service. The Coast Guard is investigating whether a ship anchor might have snagged and bent the pipeline owned by Amplify Energy, a Houston-based company that operates three offshore oil platforms south of Los Angeles.

AP reviewed more than two weeks of data from MarineTraffic, a navigation service that tracks radio signals from transponders that broadcast the locations of ships and large boats every few minutes.

That data shows the Rotterdam Express, a German-flagged ship nearly 1,000 feet (305 meters) long, was assigned to anchorage SF-3, the closest to where the pipeline ruptured off Huntington Beach. The ship made three unusual movements over two days that appear to put it over the pipeline.

In a statement to AP on Thursday, Hapag-Lloyd, the shipping company that operates the Rotterdam Express, confirmed that investigators boarded the ship while it was docked at the Port of Oakland on Wednesday. The company has said it played no role in the oil spill.

“We are fully cooperating with the authorities at this moment,” said Nils Haupt, a spokesman at Hapag-Lloyd's headquarters in Hamburg, Germany.

A U.S. official told the AP on Wednesday that the Rotterdam Express has become a focus of the spill investigation. The official cautioned the ship is only one lead being pursued in the investigation, which is in the early stages.

The investigators are seeking to collect tracking and navigational information from the vessel that could help them identify its exact movements, the official said. They are also seeking preliminary interviews with at least some crew members.

The official could not discuss the investigation publicly and spoke to the AP on condition of anonymity.

Petty Officer Steve Strohmaier, a Coast Guard spokesperson, declined to comment on the Rotterdam Express Wednesday but said the agency is analyzing electric charting systems from its vessel traffic service to see what ships were anchored or moving over the spill area.

The MarineTraffic data reviewed by AP shows the Rotterdam Express arrived outside the Port of Long Beach early on Sept. 22 and dropped anchor about 2,000 feet (610 meters) from the pipeline.

The following day, at about 5 p.m., the data for the ship’s locator beacon indicated that while anchored it suddenly moved thousands of feet to the southeast, a track that would have taken it over the pipeline lying on the seafloor about 100 feet (30 meters) below. The ship appears to have then engaged its engines to return to its anchorage about 10 minutes later.

The ship then moved again around midnight and a third time shortly before 8 a.m. on Sept. 23, each time moving back to its assigned anchorage, according to its online location data. The Rotterdam Express remained at spot SF-3 until Sunday, when it moved into the port to unload.

The first report of oil in the water near the pipeline were made Friday evening. Amplify said the pipeline was shut down early Saturday morning but has not said how long it believes oil flowed from it.

Amplify’s CEO Martyn Willsher said Tuesday divers determined a 4,000-feet (1,219-meter) section of the pipeline was dislodged 105 feet (32 meters), bent back like the string on a bow. Oil escaped through a slender crack.

The amount is unclear. Amplify has said publicly that no more than 126,000 gallons (476,962 liters) leaked but told federal investigators it may be only 29,400 gallons (111,291 liters).

AP first contacted Hapag-Lloyd on Tuesday evening, seeking an explanation for the ship’s movements on Sept. 22 and 23.

On Wednesday, Nils denied that the ship ever moved off anchor from spot SF-3 during that period. He said the transponder data displayed by MarineTraffic is erroneous.

“We have proof by the logbook, which is updated hourly, that the vessel did not move,” Haupt said. “MarineTraffic in this case is wrong and the position is indeed incorrect.”

AP sent an email Wednesday morning to the Unified Command Joint Information Center for state and federal agencies responding to the oil spill, seeking comment about the movements made by the Rotterdam Express prior to the spill. Senior Chief Petty Officer Lauren Jorgensen said the command was unable to discuss matters involving an ongoing investigation.

Nikolas Xiros, a professor of marine engineering at the University of New Orleans, said it would be highly unlikely that the transponder data for a ship, which works through a global network called the Automatic Identification System, would be off by several thousand feet.

“AIS transporters are very accurate and the whole system is also very accurate,” Xiros said after reviewing the location track for Rotterdam Express. “I think probably the ship moved, that’s what I think. And with the anchor down, which was a big problem.”

Xiros, who has spent more than two decades teaching marine navigation and electronics to future ship captains and crew, said the only alternative explanation he could think of was that either someone had hacked the AIS system to make the Rotterdam Express appear to move or that the ship’s transmitter somehow became unfastened from its mast, fell in the water and drifted away before being retrieved by the crew, only to have it come unfastened two more times.

Xiros also said he could provide no reasonable explanation for why the ship might have moved so far off its assigned station. Records show relatively calm weather and seas during the days in question.

“There is a series of peculiar things and all that need to be explained,” Xiros said. “It may very well be some kind of an accident, but not necessarily a human error. We will have to see. But … I think he most probable explanation is the ship with anchor down moved both back and forth and possibly caused damage to the pipeline.”

If a ship’s anchor were to become entangled with an underwater obstacle such as a communications cable or petroleum pipeline, the operator is required by federal law to notify the Coast Guard. The locations and movements of ships are also regularly monitored by both the AIS system and radar, according to the Coast Guard.

Xiros said if he were investigating the cause of the oil spill, he would seek to review the digital logs for both location and engine operations aboard the Rotterdam Express.

According to MarineTraffic data, the ship left Long Beach on Monday for the Port of Oakland. It was still moored there Thursday morning, despite being scheduled to depart Wednesday night.

Associated Press writer Michael Blood in Los Angeles contributed to this report.

Follow AP Investigative Reporter Michael Biesecker at http://twitter.com/mbieseck

Contact AP’s global investigative team at Investigative@ap.org.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

All news about HAPAG-LLOYD AG
07:14aHAPAG-LLOYD : Berenberg reiterates its Neutral rating
11/18HAPAG-LLOYD : Kepler Cheuvreux gives a Buy rating
11/18Winter weather, west U.S. port labour talks are wild cards in shipping- Hapag Lloyd
11/18HAPAG-LLOYD : JP Morgan keeps a Sell rating
11/15HAPAG-LLOYD : Upgraded to Buy by Kepler Cheuvreux
11/15HAPAG-LLOYD : Berenberg sticks Neutral
11/15HAPAG-LLOYD : JP Morgan maintains a Sell rating
11/12Hapag-Lloyd Aktiengesellschaft Reports Earnings Results for the Third Quarter and Nine ..
11/12MarketScreener's World Press Review - November 12, 2021
11/12Hapag-Lloyd CEO says higher efficiency could help port waiting times
More news
Analyst Recommendations on HAPAG-LLOYD AG
More recommendations
Sales 2021 22 090 M 24 914 M 24 914 M
Net income 2021 9 027 M 10 181 M 10 181 M
Net cash 2021 2 095 M 2 362 M 2 362 M
P/E ratio 2021 3,97x
Yield 2021 15,9%
Capitalization 36 031 M 40 773 M 40 636 M
EV / Sales 2021 1,54x
EV / Sales 2022 1,36x
Nbr of Employees 13 888
Free-Float 3,60%
Duration : Period :
Hapag-Lloyd AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HAPAG-LLOYD AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 10
Last Close Price 205,00 €
Average target price 190,16 €
Spread / Average Target -7,24%
EPS Revisions
Managers and Directors
Rolf Habben Jansen Chief Executive Officer
Mark Frese Chief Financial Officer
Michael Behrendt Chairman-Supervisory Board
Maximilian Rothkopf Chief Operating Officer
Thomas Mansfeld Chief Compliance Officer