Cosco Busan Posts a $79.5 Million Bond, Crew Detained

This thing is worth 80 mil? The scene today as the Busan pulled out of wetdock and into anchorage between San Francisco and Oakland. Larger version here

The U.S. government just worked out a deal today to have Regal Stone, Ltd put up a bond for the value of its infamous container ship. (That's what you got to do after you get arrested.) This obviates the need to seize the vessel as an asset that could be sold to pay off any possible judgments in the future. This ship could be leaving soon.

The Busan now has a new master, chief mate and chief engineer for the long journey home, but six of the original crew members will remain in the United States "apparently to assist with the investigations." Sounds like they're being detained but don't worry, they'll be staying in "comfortable civilian accommodations." Doesn't sound too cozy.