Corps of Engineers Civil Penalties Rise

Monday, June 28, 2004
The U.S. Army Corps of Engineers is adjusting its civil penalty rules to account for inflation. Effective July 26, the maximum Class I civil penalty that the agency may assess under the Clean Water Act and the National Fishing Enhancement Act will increase to $11,000. 69 Fed. Reg. 35515 (HK Law)

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Torm Orders Four Tankers in $200 mln Deal

Danish shipping company Torm has signed an order for four fuel-efficient LR2 (long-range) product tanker vessels from Guangzhou Shipyard International in China for $200 million.

Europe-Bound Diesel Diverted to Asia

At least two tankers redirected to Singapore; Vitol floating storage vessel also heading East. Diesel cargoes which had planned to discharge in a heavily-supplied

Ferreira Quits Petrobras

Murilo Ferreira quit as chairman of Brazil's Petroleo Brasileiro SA, the state-controlled oil company said on Monday, without disclosing the reason for his decision.

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