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Cosco Busan

Lawmakers Consider Tougher Safety Rules for Ships

Bay Area members of Congress suggested that tougher safeguards might be needed on cargo ships to prevent accidents like the recent Cosco Busan spill that resulted in 58,000 gallons of heavy bunker fuel in San Francisco Bay. One possibility would be to require double-skins on fuel tanks or some sort of partial double hull on cargo ships. In response to the disastrous Exxon Valdez spill in Alaska in 1989, all oil tankers in U.S. waters must have double hulls by 2015. Another would be to make the Coast Guard's vessel transport system more stringent for ships entering and leaving ports, like the air traffic control system. Though the Cosco Busan did not have a double hull, it did have an added layer of safety: a tugboat, which is required in the Bay under state law for oil tankers, but not cargo ships, was attached to the ship at the time of the accident. The tug escort can push or pull ships away from trouble if they lose power, lose steering or have other problems. Yet despite that precaution, the tugboat apparently was not asked — or may have been unable — to steer the vessel clear of the collision in time. With the cause of the accident still a mystery, the fact that the tug was not able to save the ship could indicate that the pilot and crew did not realize the ship was dangerously off course, experts familiar with the case reportedly indicated.


Oil Spill Bill Forwarded

The Senate Commerce Committee approved the Oil Spill Prevention Act, legislation introduced by Senator Frank Lautenberg (D-NJ) and cosponsored by Senator Barbara Boxer (D-CA) that aims to make ships safer and assess and improve vessel tracking procedures.Boxer said, “Californians know all too well the devastation an oil spill can cause to our waters, wildlife and our communities.  Just last fall, 58,000 gallons of toxic bunker fuel poured into the San Francisco Bay after the Cosco


Container Vessel Damages San Francisco Bay Bridge

The U.S. Coast Guard received a report of a container vessel Cosco Busan allision with the San Francisco Bay Bridge. The vessel was out bound with a pilot onboard at the time of the allision. The vessel reported damage to the forward left side and bulk fuel (MF 380) was leaking from the vessel. Visibility was limited during the time of the allision due to fog. U. S. Coast Guard and San Francisco Police Department are enforcing a 100 foot saftey zone around the vessel and the fuel in the


Cummings Convenes Hearing on Inspector General’s Report Concerning COSCO BUSAN

Congressman Elijah E. Cummings convened the Subcommittee on Coast Guard and Maritime Transportation to receive a report developed by the Department of Homeland Security’s Office of the Inspector General (OIG) on the circumstances surrounding the allision of the COSCO BUSAN with the San Francisco-Oakland Bay Bridge on November 7, 2007.  This report was originally requested by the Speaker of the House of Representatives, Nancy Pelosi


NOAA Releases Restoration Plan for Cosco Busan Impacts

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Final Restoration Plan Completed for Cosco Busan Oil Spill; Projects will Address Impacts from Ship that Struck the Bay Bridge. State and federal trustee agencies have released the Cosco Busan Oil Spill Final Damage Assessment and Restoration Plan. The document summarizes the injuries to wildlife, habitat, and recreational uses from the oil spill that occurred on Nov. 7, 2007. It also describes a number of restoration projects that will be implemented to compensate for injuries from the


China Focus for Swedish Club Academy

Logo courtesy of Swedish Club Academy

The Swedish Club Academy focuses on China during a five-day Maritime Resource Management road show at the end of March. MRM training aims at establishing safe operational cultures where teamwork and effective communication are key components, even to the extent of encouraging crew members to ‘challenge’ decisions made by their masters and superiors. “People with high rank can make mistakes too, and when they do the team members who detect it must be assertive enough to


Report - COSCO BUSAN Pilot Actions

The report was hampered in that the pilot surrendered his license shortly after the incident and the on-going criminal investigation made various possible witnesses unavailable. Nevertheless, the report concluded that pilot misconduct was a factor in the allision. Among other things, the pilot failed to utilize all available resources prior to getting underway; failed to clearly communicate with the master; failed to exercise sound judgment when he lost confidence in the radar in reduced


Multiple Factors Caused Container Ship Accident

The National Transportation Safety Board determined on Feb. 18 that a medically unfit pilot, an ineffective master, and poor communications between the two were the cause of an accident in which the Cosco Busan container ship spilled thousands of gallons of fuel oil into the San Francisco Bay after striking a bridge support tower. On November 7, 2007, at about 8:00 a.m. PST, in heavy fog with visibility of less than a quarter mile, the Hong Kong- registered


Hearing for Fleet Management Pilot

According to the San Francisco Chronicle, federal prosecutors told a judge that the pilot of the container ship that struck the Bay Bridge in November 2007 ignored basic safety precautions, lied to licensing authorities about his prescription drug use, and should be sentenced to 10 months in prison, the maximum recommended by his plea agreement. Capt. John Cota's lawyers asked for a two-month sentence, the minimum term in the plea agreement


KMTC Feeder Service Comes to Busan’s New Port

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With the calling of JSS2, BNCT in Busan’s New Port adds its 12th KMTC service and hopes for more to come.   This recently launched service connects Busan, South Korea with Sendai, Japan.   BNCT will continue supporting Busan’s feeder network in the future with 700,000TEU additional capacity available in March 2015 linked to completion of its Phase II expansion plan.  


Cosco Pacific Appoints Zhang Wei as Vice Chairman

Photo: Cosco Pacific Ltd.

 Cosco Pacific Ltd. has appointed Zhang Wei as vice chairman and managing director, replacing Qiu Jinguang who has stepped down from the positions with immediate effect, reports Dow Jones.   "Qiu Jinguang has resigned as an Executive Director


Cosco Pacific Q1 Profit Up

Pic: Cosco Pacific

 Cosco Pacific Ltd.'s  first-quarter  ended 31 March 2016 net profit rose 31.4% from a year earlier on the back of a one-off gain. Turnover sank 2.27% yearly to US$129 million.    On yearly basis,  its net profit shot up 105 per cent to US$702


Alliance Merry-go-round Spins Again

Photo: CMA CGM

 Four carriers have announced a new OCEAN Alliance to start next year. Where does this leave those carriers left behind?   To the surprise of many it was announced last Wednesday that four carriers – CMA CGM, COSCO Container Lines


Fitch: M&A, Not Alliances to Help Revive Container Shipping

File Image: a containership at the berth in the Port of Savannah, GA (credit: GPA)

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address chronic overcapacity and drive further cost savings in container shipping, Fitch Ratings says


Greece Seals Sale of Piraeus Port to COSCO

Photo: Piraeus Port Authority

Greece is to sell its biggest port Piraeus Port Authority to shipping group China COSCO Shipping Corporation, marking the second major privatisation for the country since late last year. The port sale had been halted by the leftist government of Alexis Tsipras when it won elections in January


China's Acquisition of Piraeus Port a Booster for Greek Economy?

Greek Prime Minister Alexis Tsipras(1st L) meets with China COSCO Shipping Chairman Xu Lirong(2nd R) . Photo: Xinhua

 Greece has formally signed an agreement to sell a 67% stake in the Port of Piraeus to Chinese shipping company China Cosco Holding Co.   Under the deal, COSCO, the fourth-largest container shipping firm and second-largest port operator in the world


Impending Shakeup of Global Shipping Alliance

Figure: Wall Street Journal and Alphaliner

 According to WSJ report, deals involving Cosco, China Shipping, CMA CGM and Neptune Orient Lines to bring major changes in global shipping alliances.   China Cosco Shipping and CMA CGM are hoping to form a new alliance with OOCL, Evergreen Line


COSCO in Talks to Bid for Athens Freight Terminal

Chinese shipping conglomerate COSCO is in advanced talks with Greek real estate developer Grivalia and logistics provider PAEGAE, about jointly bidding to build and operate a rail freight terminal near Athens, a Greek newspaper reported.  


Car Carrier Ocean Tango Runs Aground off Busan

Image: Busan Port

 A South Korean Car carrier Ocean Tango was grounded by a storm which battered Busan, Korea, on Apr 17.    The 2,736 dwt Vessel was docked at Yeong-gu area, reportedly fuel tanks were damaged with ensuing fuel leak.   


COSCO Readies Livestock Carrier for Vroon

Photo: Vroon

 Vroon Offshore Services, a Dutch offshore shipping company, has announced that the launching took place last week at COSCO Guangdong Shipyard,China of Gudali Express.    The vessel is the seventh and last newbuilding livestock carrier to be built for Vroon at this shipyard


COSCO Chose Alliance Partners Based on Size, Value System

Photo: China COSCO Shipping

China's COSCO Container Lines chose new alliance partners based on size and the value of arrangements, executives from the firm and parent China COSCO Shipping said at a press conference in Shanghai on Wednesday.   The executives said four partners plan to inject 3


Box Shippers Form Asia-focused Ocean Alliance

Photo: CMA CGM

France's CMA CGM and China's COSCO Container Lines are to form a four-way vessel-sharing alliance with Evergreen Line and Orient Overseas Container Line focused on Asia routes, CMA CGM said on Wednesday.   Container shipping has seen route-sharing develop in response to a severe downturn in


New Ocean Alliance to Challenge Market Leader

Photo: China COSCO Shipping Corp

 China COSCO Shipping Corp Ltd and three partners, including France's CMA CGM SA, announced a new shipping partnership, OCEAN Alliance, formed to challenge 2M - the world's largest container carrier alliance.   Other members of the new COSCO alliance are Taiwan-based Evergreen Line and


CMA CGM to Delay Mega-Ship Move

Photo: CMA CGM

 CMA CGM Group has decided to postpone its project to deploy 18,000 TEU-capacity vessels on Transpacific market trade.   The much-anticipated launch of a weekly service with six mega-ships which was planned for the end of May has been delayed  in order to optimise the use of its


Hanjin to Divest Assets

Image: Hanjin Shipping

 The South Korean carrier Hanjin Shipping plans to generate USD 357 million from asset sales.    South Korea’s largest container operator by capacity plans to sell items such as dry bulk activities while the debt-stricken shipping group negotiates with shipowners for a






 
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