Ship Management Company Fined $10M

Friday, February 03, 2006
The U.S. Department of Justice stated that a Hong Kong-based ship management company pled guilty and was sentenced to pay a criminal fine of $10 million for engaging in conspiracy, obstruction of justice, false statements, and violating the Act to Prevent Pollution from Ships. The company was also ordered to pay $500,000 for a program to provide environmental education to mariners visiting Massachusetts ports and inform them how to report environmental crimes to the U.S. Coast Guard. The conviction relates to using a by-pass pipe on a container ship to circumvent the oily water separator and to making false entries in the oil record book.

Legal

Vallianz Rejects Payment Request from Swiber Managers

Vallianz Holdings, which provides support vessels for the oil industry, said on Wednesday it had refused a request from the judicial managers of shareholder Swiber Holdings to pay around $63.

Hyundai Merchant Marine to buy Hanjin's 'Good' Assets

South Korea's financial regulator said on Wednesday that Hyundai Merchant Marine Co Ltd will seek to acquire healthy assets of troubled shipper Hanjin Shipping Co Ltd.

Hanjin files for Receivership, Ports Turn Away Vessels

Hanjin says asks court for its assets to be frozen; Hyundai Merchant looking to buy Hanjin's "good" assets. South Korea's Hanjin Shipping Co Ltd filed for court

Coast Guard

NYC Ferry Strikes a Group of Kayakers

A New York Waterways ferry struck a group of kayakers on the Hudson River Tuesday afternoon, according to the U.S. Coast Guard.   Five of the 11 kayakers were

Calm Seas, Libya's Lawless State Open Door for Migrant Flows

Calmer seas and Libya's lawlessness have opened the way for smugglers to ship thousands of migrants across the Mediterranean this week, in a striking reminder of

Wounded Lobsterman Medevaced near Cape Cope

An injured lobsterman was medically evacuated by U.S. Coast Guard helicopter crew Tuesday roughly 130 nautical miles east of Cape Cod.   At about 10:15 a.m.,

 
 
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