Ship Operator to Pay $10 million for Oil Spill

Ship Operator to Pay $10 million for Oil Spill

A federal court in San Francisco on Friday followed through with a plea agreement and fined the operator of the Cosco Busan $10 million for a November 2007 oil spill in San Francisco Bay.

Fleet Management, based in Hong Kong, reached the plea deal with the Department of Justice in August 2009. The Cosco Busan spilled 53,000 gallons of fuel after striking the Bay Bridge early on Nov. 7, 2007.

The company also pleaded to obstruction of justice and creating false documents after the accident to deceive Coast Guard investigators.

Fleet Management also agreed to implement a comprehensive compliance plan for ships engaged in the U.S. trade. Two million dollars of the fine will go to environmental programs in the bay.

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