http://sfist.com/2007/12/14/cosco_busan_pos.php All comments for Cosco Busan Posts a $79.5 Million Bond, Crew Detained en-us 2009 SFist_Brock Tue, 06 Jan 2009 14:09:24 -0800 http://blogs.law.harvard.edu/tech/rss brochtrup@gmail.com brochtrup@gmail.com 60 http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252915 http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252915 Comments Mon, 17 Dec 2007 08:51:19 -0800 <p>That's not all that much. I worked on a couple of APL containerships, C-10's and C-11's. The President Jackson, a C-10, was very nice and cost much more than that. In fact, when it was first built, the engine was the largest diesel engine ever constructed, anywhere. And we had big, carpeted state-rooms with nice wooden furniture built in. And everything could be controlled by a computer system with consoles in the cargo office, on the bridge, and in the engine control room. Now, that ship was built in 1996, so that was huge, opening and closing ballast valves and starting and stopping pumps while underway, without leaving the wheelhouse. The Busan must me a stripped-down model.</p> http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252914 http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252914 Comments Mon, 17 Dec 2007 08:51:01 -0800 <p>That's not all that much. I worked on a couple of APL containerships, C-10's and C-11's. The President Jackson, a C-10, was very nice and cost much more than that. In fact, when it was first built, the engine was the largest diesel engine ever constructed, anywhere. And we had big, carpeted state-rooms with nice wooden furniture built in. And everything could be controlled by a computer system with consoles in the cargo office, on the bridge, and in the engine control room. Now, that ship was built in 1996, so that was huge, opening and closing ballast valves and starting and stopping pumps while underway, without leaving the wheelhouse. The Busan must me a stripped-down model.</p> http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252913 http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252913 Comments Mon, 17 Dec 2007 08:46:42 -0800 <p>80 Million is probably cheap for that size vessel. The owners probably spend that amount just running that thing every year. Think of it as a motorized transamerica pyramid. It'd cost a little bit to move the transamerica pyramid to and from korea every few weeks. </p> http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252537 http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252537 Comments Sat, 15 Dec 2007 18:17:20 -0800 <p>Never really thought about its value. It's cheaper than some jumbo jets, so that's nice. </p> http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252302 http://sfist.com/2007/12/14/cosco_busan_pos.php#comment-1252302 Comments Fri, 14 Dec 2007 19:36:43 -0800 <p>Why are you surprised that that ship is worth $80 million? Have you ever looked at real estate in San Francisco? Do you know what a million dollars will buy?</p>