Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
The Magellan Spirit tanker, carrying a full load of 165,000 cubic metres, became grounded in soft mud on Jan. 5 trying to leave the Bonny Island LNG export plant, spokesman Jonathan Anthony said in a statement.
“Expert advisers are presently on location considering next steps, such as lightening the vessel by way of a ship-to-ship transfer of a part of the cargo, which could occur as early as next week,” he said.
The Magellan Spirit is not expected to disrupt inbound or outbound tanker traffic from Bonny Island as it was not blocking the shipping channel, traders said on Monday.
The Danish-flagged tanker was en route to unload at South Korea’s Gwangyang LNG terminal, according to Thomson Reuters live ship-tracking data. South Korea is one of the world’s top LNG importers.
Anthony said the crew and tanker are safe.
The cargo is owned by trading house Vitol, according to traders.
(Reporting by Oleg Vukmanovic in Milan; editing by Sam Wilkin and Jason Neely)
(c) 2015 Thomson Reuters, All Rights Reserved
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