Article: Cosco Busan Operator Admits Guilt in Causing Oil Spill; Fleet Mgt. Ltd. Agrees to Pay $10 Million for Pollution and Obstruction Crimes.

M2 PRESSWIRE-14 August 2009-US Department of Justice: Cosco Busan Operator Admits Guilt in Causing Oil Spill; Fleet Mgt. Ltd. Agrees to Pay $10 Million for Pollution and Obstruction Crimes(C)1994-2009 M2 COMMUNICATIONS

RDATE:13082009

WASHINGTON- Fleet Management Ltd., a Hong Kong-based ship management firm, pleaded guilty today to a criminal violation of the Oil Pollution Act of 1990 for its role in negligently causing the discharge of more than 50,000 gallons of fuel oil into San Francisco Bay from the Cosco Busan when the vessel struck the San Francisco Bay Bridge in dense fog on Nov. 7, 2007. Fleet Management also pleaded guilty today to felony ...

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