• 1 day PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 2 days New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 2 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 3 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
Chinese EV Boom Could Crash Oil Prices

Chinese EV Boom Could Crash Oil Prices

Most oil majors acknowledge that…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Container Ships Collide off Chinese Coast

Maersk container vessel

Two oil container ships have collided off the coast of east China, one catching fire and the second severely damaged.

No casualties have been reported, but officials are still investigating the collision.

One of the ships, Safmarine Meru, is operated by the Denmark-based Maersk Line, while the other is German-owned Northern Jasper. The collision took place off the eastern Chinese coast port of Ningbo.

Safmarine Meru is a 4,650 TEU container vessel, built in 2006 and sailing under the Hong Kong flag. At the time of the collision, Safmarine Meru had less than 400 full containers on board and was deployed on Maersk Line’s TP18 service.

Related: A Glimpse Into What Saudi Arabia’s New Oil Policy Will Look Like

Northern Jasper was built in 2009 and sailing under the Liberian flag. It has an 8,400 TEU capacity and is owned by Norddeutsche Reederei NAV.

"The collision caused severe damage to the Safmarine Meru and a fire broke out. The Safmarine Meru's crew of 22 people abandoned the vessel shortly after," Maersk Line said in a statement.

No oil was spilled following the collision whose circumstances are still being investigated, it added.

Related: Oil Reverses As Stronger Dollar Offsets Canadian Concerns

Safmarine Meru had fewer than 400 full containers on board when the collision took place early on Sunday about 120 nautical miles off the coast. The ship is now afloat and anchored near the accident site, with the intervention team focusing on putting out the fire and assessing the overall damage to the ship and cargo.

“We are very relieved that our crew are safe and have not suffered any serious injuries. The safety of our people, at sea and on shore, is paramount to us,” said Palle Brodsgaard Laursen, Head of Ship Management in Maersk Line.

Maersk Line, a unit in conglomerate AP Moller-Maersk, is the world’s largest container shipping company with more than 600 vessels transporting everything from flat-screen TVs to sportswear.

By James Burgess of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News