Cosco Busan
Encyclopedia

MSC Venezia, formerly MV COSCO Busan, is a 275 m (902.2 ft) container ship
Container ship
Container ships are cargo ships that carry all of their load in truck-size intermodal containers, in a technique called containerization. They form a common means of commercial intermodal freight transport.-History:...

 made infamous by its 7 November 2007 collision with the protective fender of the Delta Tower of the San Francisco – Oakland Bay Bridge in heavy fog. The 08:30:00 UTC-8
UTC-8
UTC−08:00 is an identifier for a time offset from UTC of −08. This time is used in:-As standard time :*Canada**Northwest Territories***Tungsten and the associated Cantung Mine*Mexico...

 collision sliced open two fuel tanks and led to the environmentally devastating COSCO Busan oil spill
Cosco Busan oil spill
The COSCO Busan oil spill occurred at 08:30 UTC-8 on 7 November 2007 between San Francisco and Oakland, California, in which of IFO-380 heavy fuel oil, sometimes referred to as "bunker fuel", spilled into San Francisco Bay after the container ship M/V COSCO Busan operated by, Fleet Management...

 in San Francisco Bay
San Francisco Bay
San Francisco Bay is a shallow, productive estuary through which water draining from approximately forty percent of California, flowing in the Sacramento and San Joaquin rivers from the Sierra Nevada mountains, enters the Pacific Ocean...

. The ship was renamed Hanjin Venezia after the accident, and was not owned operated or in any way controlled by COSCO Group
COSCO
China Ocean Shipping Company, known as COSCO or COSCO Group, is one of the largest liner shipping companies worldwide. It is a government owned company of the People's Republic of China...

 or any of its subsidiary companies.

The vessel was built in 2001 by Hyundai Heavy Industries
Hyundai Heavy Industries
Hyundai Heavy Industries Co., Ltd. is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. The company is a subsidiary of Hyundai Heavy Industries Group...

 at Ulsan
Ulsan
Ulsan , officially the Ulsan Metropolitan City, is South Korea's seventh largest metropolis with a population of over 1.1 million. It is located in the south-east of the country, neighboring Busan to the south and facing Gyeongju to the north and the Sea of Japan to the east.Ulsan is the...

, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

. In December 2001, the vessel was placed under long-term charter to Hanjin Shipping Co., Ltd.
Hanjin Shipping
Hanjin Shipping, Global Shipping & Logistics CompanyHanjin Shipping is Korea's largest and one of the world’s top ten container carriers that operates some 60 liner and tramper services around the globe transporting over 100 million tons of cargo annually...

 of Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...

, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

 and named Hanjin Cairo. The vessel called on various ports of Europe, Asia, and along the West Coast of the United States, specifically the Ports of Long Beach and Oakland, California.

In November 2006, owners renamed Hanjin Cairo to COSCO Busan. After a 3-year absence from U.S. ports, COSCO Busan
Cosco Busan
MSC Venezia, formerly MV COSCO Busan, is a container ship made infamous by its 7 November 2007 collision with the protective fender of the Delta Tower of the San Francisco – Oakland Bay Bridge in heavy fog. The 08:30:00 UTC-8 collision sliced open two fuel tanks and led to the environmentally...

 called upon the Port of Long Beach on December 29, 2006. On October 24, 2007, the vessel was sold to Regal Stone Ltd. of Hong Kong and was re-flagged
Flag of convenience
The term flag of convenience describes the business practice of registering a merchant ship in a sovereign state different from that of the ship's owners, and flying that state's civil ensign on the ship. Ships are registered under flags of convenience to reduce operating costs or avoid the...

 to the national flag of Hong Kong. COSCO Busan's new owners contracted with Fleet Management to supply an all-Chinese crew and to manage technical operations of the ship on the owner’s behalf.

Throughout the changes in flag, ownership, and managing operator, the vessel has remained under charter to Hanjin Shipping Company
Hanjin Shipping
Hanjin Shipping, Global Shipping & Logistics CompanyHanjin Shipping is Korea's largest and one of the world’s top ten container carriers that operates some 60 liner and tramper services around the globe transporting over 100 million tons of cargo annually...

.

Further reading


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