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Hanjin Venezia
''Hanjin Venezia'', formerly named the ''Cosco Busan'', is a container ship. On 7 November 2007, it collided with the protective fender of the Delta Tower of the San Francisco–Oakland Bay Bridge in heavy fog. The collision sliced open two of its fuel tanks and led to the COSCO Busan oil spill, Cosco Busan oil spill in San Francisco Bay. She was renamed the ''Hanjin Venezia'' after the accident. The vessel was initially built in 2001 by Hyundai Heavy Industries at Ulsan, South Korea. In December 2001, the vessel was placed under long-term charter to Hanjin Shipping, Hanjin Shipping Co., Ltd. of Seoul, South Korea 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, the ship's owners renamed the vessel from the ''Hanjin Cairo'' to the ''Cosco Busan.'' After a 3-year absence from U.S. ports, the ''Cosco Busan'' called upon the Po ...
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Hyundai Heavy Industries
Hyundai Heavy Industries Co., Ltd. (HHI; ) is the world's largest shipbuilding company and a major heavy equipment manufacturer. Its headquarters are in Ulsan, South Korea. History HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships. In 2002, the company was spun-off from its parent company. HHI has four core business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, and Engine & Machinery. HHI also has five non-core related subsidiaries: Hyundai Electric & Energy Systems, Hyundai Construction Equipment, Hyundai Robotics, Hyundai Heavy Industries Green Energy, and Hyundai Global Service. The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung. Another widely known and closely related Korean company, the Hyundai Motor Company, was founded in 1967, five years prior to the founding of the Heavy Indu ...
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Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of the 1948 constitution. According to the 2020 census, Seoul has a population of 9.9 million people, and forms the heart of the Seoul Capital Area with the surrounding Incheon metropolis and Gyeonggi province. Considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC), Seoul was the world's fourth largest metropolitan economy in 2014, following Tokyo, New York City and Los Angeles. Seoul was rated Asia's most livable city with the second highest quality of life globally by Arcadis in 2015, with a GDP per capita (PPP) of around $40,000. With major technology hubs centered in Gangnam and Digital Media City, the Seoul Capital Area is home to the headquarters of 15 ''Fo ...
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Hanjin Group
The Hanjin Group () is a South Korean chaebol. The group has various industries covered from transportation and airlines to hotels, tourism, and airport businesses, and one of the largest chaebols in Korea. The group includes Korean Air (KAL), which was acquired by the founder Cho Choong-hoon in 1969, and was the owner of Hanjin Shipping (once the largest shipping company in Korea) before its bankruptcy. In 2013, Hanjin Group officially switched from cross ownership to a holding company structure with the establishment of Hanjin KAL Corporation. The group is controlled by descendants of Cho Choong-hoon, and many construction chaebols are the major shareholders of Hanjin KAL. History Hanjin started at the end of World War II, in November 1945. Early on, its biggest customer was the U.S. Army, providing the transportation of material to both Korea and Vietnam. The company signed a major contract with the US 8th Army in November 1956, and another contract in March 1966, with all ...
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Container Ships
A container ship (also called boxship or spelled containership) is a cargo ship that carries all of its load in truck-size intermodal containers, in a technique called containerization. Container ships are a common means of commercial intermodal freight transport and now carry most seagoing non-bulk cargo. Container ship capacity is measured in twenty-foot equivalent units (TEU). Typical loads are a mix of 20-foot (1-TEU) and 40-foot (2-TEU) ISO-standard containers, with the latter predominant. Today, about 90% of non-bulk cargo worldwide is transported by container ships, and the largest modern container ships can carry up to 24,000 TEU (e.g., '' Ever Ace''). Container ships now rival crude oil tankers and bulk carriers as the largest commercial seaborne vessels. History There are two main types of dry cargo: bulk cargo and break bulk cargo. Bulk cargoes, like grain or coal, are transported unpackaged in the hull of the ship, generally in large volume. Break-bulk car ...
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2001 Ships
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by  2, although by other definitions 1 is the second natural number, following  0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 is the s ...
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China COSCO Holdings
China COSCO Shipping Corporation Limited, abbreviated as COSCO Shipping, is a Chinese state-owned Multinational corporation, multinational Conglomerate (company), conglomerate headquartered in Shanghai. The group is focused on marine transportation services. COSCO Shipping was established in January 2016 by the merger of COSCO Group and China Shipping Group. As of March 2020, the company's fleet was among the largest in the world – 1310 vessels with a capacity of 105.92 million Deadweight tonnage, DWT. Predecessors COSCO China Ocean Shipping (Group) Company, founded in 1961 and headquartered in Beijing, was a Chinese state-owned multinational transportation conglomerate. It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide. In addition, the Group is the largest liner carrier in China. Its container shipping subsidiary – COSCO Shipping Lines#COSCO Container Lines, COSCO Container Lines – was one of the world's top 10 ...
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Cosco
China Ocean Shipping Company, Limited, formerly China Ocean Shipping (Group) Company, commonly known for its abbreviated name COSCO Group, or simply, COSCO, is a former Chinese Government owned shipping and logistics services supplier company. It is one of the major holding company for China COSCO Shipping. China COSCO Shipping itself is formed by a merger of COSCO Group and China Shipping Group as one conglomerate, by a creation of a new common parent company of the two groups. COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing. It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of , and a tanker fleet of 120 vessels. The fleet calls at over a thousand ports worldwide. It ranks among the largest in both number of container ships and aggregate container volume in the world. In 2012, it was among China's top 15 brands. It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwi ...
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Flag Of Convenience
Flag of convenience (FOC) is a business practice whereby a ship's owners register a merchant ship in a ship register of a country other than that of the ship's owners, and the ship flies the civil ensign of that country, called the flag state.Bernaert, 2006, p. 104. The term is often used pejoratively, and although common, the practice is sometimes regarded as contentious. Each merchant ship is required by international law to be registered in a registry created by a country,ICFTU et al., 2002, p. 7. and a ship is subject to the laws of that country, which are used also if the ship is involved in a case under admiralty law. A ship's owners may elect to register a ship in a foreign country so as to avoid the regulations of the owners' country, which may, for example, have stricter safety standards. They may also select a jurisdiction to reduce operating costs, avoiding higher taxes in the owners' country and bypassing laws that protect the wages and working conditions of marin ...
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Hanjin Shipping
Hanjin Shipping Co., Ltd. was a South Korean integrated logistics and container transport company. Prior to its liquidation, Hanjin Shipping was South Korea's largest container line and one of the world's top ten container carriers in terms of capacity. History Cho Choong Hoon the founder of Hanjin started at the end of World War II, in November 1945 with a single truck in the port city of Inchon. Early on, its biggest customer was the U.S. Army, providing the transportation of material to both Korea and Vietnam. The company signed a major contract with the US 8th Army in November 1956, and another contract in March 1966, with all of the U.S. armed forces in Vietnam, including the Army, Navy, and Air Force. In November 1969, Hanjin made its entry into the containerized shipping business signing a deal with Sea-Land Service, Inc. In September 1970, the company opened its first container yard at the port of Busan. The late 1970s saw a major push into the Middle East with contracts ...
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Ulsan
Ulsan (), officially the Ulsan Metropolitan City is South Korea's seventh-largest metropolitan city and the eighth-largest city overall, with a population of over 1.1 million inhabitants. It is located in the south-east of the country, neighboring Busan to the south and facing Gyeongju to the north. Ulsan is the industrial powerhouse of South Korea, forming the heart of the Ulsan Industrial District. It has the world's largest automobile assembly plant, operated by the Hyundai Motor Company; the world's largest shipyard, operated by Hyundai Heavy Industries; and the world's third largest oil refinery, owned by SK Energy. In 2020, Ulsan had a GDP per capita of $65,352, the highest of any region in South Korea. Administrative divisions Ulsan is divided into four '' gu'' (districts) and one ''gun'' (county): *Buk District () * Dong District () * Jung District () * Nam District () *Ulju County () History Stone tools found at the Mugeo-dong Ok-hyeon archaeological site indicates t ...
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San Francisco Bay
San Francisco Bay is a large tidal estuary in the U.S. state of California, and gives its name to the San Francisco Bay Area. It is dominated by the big cities of San Francisco, San Jose, and Oakland. San Francisco Bay drains water from approximately 40 percent of California. Water from the Sacramento and San Joaquin rivers, and from the Sierra Nevada mountains, flow into Suisun Bay, which then travels through the Carquinez Strait to meet with the Napa River at the entrance to San Pablo Bay, which connects at its south end to San Francisco Bay. It then connects to the Pacific Ocean via the Golden Gate strait. However, this entire group of interconnected bays is often called the ''San Francisco Bay''. The bay was designated a Ramsar Wetland of International Importance on February 2, 2017. Size The bay covers somewhere between , depending on which sub-bays (such as San Pablo Bay), estuaries, wetlands, and so on are included in the measurement. The main part of the bay meas ...
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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 ''Cosco Busan'', operated by Fleet Management Limited struck Delta Tower of the San Francisco–Oakland Bay Bridge in thick fog. Investigators found that maritime pilot John Cota was impaired because of his use of prescription pharmaceuticals while piloting the container vessel, which rendered him unable to use the onboard radar and electronic navigation charts correctly. This occurred despite the fact that the Vessel Traffic Service of the United States Coast Guard warned Cota that the vessel was headed for the bridge. Cota was sentenced to 10 months in federal prison for his role in the incident. California Governor Arnold Schwarzenegger declared a state of emergency after meeting federal, state and local officials overs ...
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