Operators of Cosco Busan agree to pay local fisherman $3.6m in damages

Mike Schuler
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January 5, 2011

The owners and operators of the Cosco Busan, Fleet Management Ltd. and Regal Stone Ltd., have agreed to pay San Francisco’s local commercial fishermen approximately $3.65 million in damages as a result of the 2007 oil spill.  The money will be will be spread across 120 people in seven different fisheries.

In August 2009, Fleet Management agreed to pay a $10 million criminal penalty after pleading guilty to federal charges of water pollution and falsifying documents.

More on this story at the San Francisco Chronicle

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