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Shipping firm fined $10M for oil spill and cover-up

Fleet Management Ltd. was ordered to pay $10 million today for its role in causing the Cosco Busan oil discharge and a subsequent cover-up after the ship struck the San Francisco Bay Bridge in November 2007, the Justice Department announced.

Judge Susan Illston of the U.S. District Court in San Francisco, pursuant to the plea agreement, ordered $2 million of the total $10 million monetary assessment to be devoted to fund marine environmental projects in San Francisco Bay.

Click here to read the full DOJ press release.