Subscribe to RSS feedUS judge opens the door to huge Cosco Busan fine
THE OPERATOR of the Cosco Busan has been unable to get a US judge to shield it from a potentially swingeing fine in the oil spill case spawned by the casualty.
EXPENSIVE BUMP: Patched Cosco Busan leaves San Francisco Bay after the incident in 2007.
By one estimate, the ship’s operator Fleet Management could face a fine of up to US$40m should it plead guilty to two charges related to the November 2007 spill.
Fleet Management, in turn, has said US prosecutors moved the...
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