M/V COSCO BUSAN

As advised from the ship operator, the subject-mentioned vessel collided with a support tower of the fog-shrouded Bay Bridge of Oakland on Nov. 07th, 2007. COSCO takes this opportunity to emphasize that COSCO Container Line and any other COSCO subsidiary companies are not the Shipowner, Manager, Operator, bareboat charter and/or time Charterer etc. of the vessel "COSCO BUSAN".