In this Thursday, Oct 7, 2021 file photo, Workers in protective suits clean the contaminated beach in Corona Del Mar after an oil spill in Newport Beach, Calif. California's uneasy relationship with the oil industry is being tested again by the latest spill to foul beaches and kill birds and fish off Orange County. (AP Photo/Ringo H.W. Chiu, File)
HUNTINGTON BEACH, Calif. (AP) — The U.S. Coast Guard has designated the Mediterranean Shipping Company and others as parties of interest in an investigation into a vessel that was determined to be the source of an offshore pipeline leak in Southern California.
Coast Guard and National Transportation Safety Board marine casualty investigators boarded a container ship, MSC DANIT, on Saturday in the Port of Long Beach that was involved in a January anchor-dragging incident discovered to be the source of the spill off Huntington Beach on Oct. 2, according to Lt. Cmdr. Braden Rostad.
The designation announced in a statement on Saturday names ship operator Mediterranean Shipping Company S.A. and ship owner Dordellas Finance Corporation.
It provides the owner and operator of MSC DANIT the opportunity to be represented by counsel, to examine and cross-examine witnesses and to call witnesses relevant to the investigation, the statement said.
An investigation into the spill, which includes multiple pipeline scenarios and additional vessels, is ongoing.7 Social Media Stocks That Are Worth Your Attention
If you have a child in high school, they likely will not know a world that didn’t include social media. And for better or worse, social media is here to stay. That’s because these companies have developed ways to keep their users engaged. And engagement is the keyword.
For the most part, social media companies generate money through ad revenue. Simply put, the more active (i.e. engaged) users they have, the more revenue they generate.
Higher revenue leads to earnings growth. And earnings growth is always a harbinger of a higher stock price. That’s why it’s important for investors to pay attention to this sector even if they’re not active users of social media themselves.
For the purposes of this presentation, we’re not including Facebook (NASDAQ:FB). The company is well known as the leading social media stock. However, the company’s recent troubles are also well documented. And as of this writing, FB stock remains under pressure. It may, and likely will become a buy and perhaps at a better valuation. But for now, Facebook doesn’t get a like.
But if you’re interested in which social media stocks may be good buys, we’re happy to give you “7 Social Media Stocks That Are Worth Your Attention”View the "7 Social Media Stocks That Are Worth Your Attention"