MARMARAS NAVIGATION LTD, a Greek operator of a fleet of ocean going vessels transporting products around the world, recently plead guilty to a felony violation of the "Act to Prevent Pollution from Ships" for improperly documenting the handling of oily waste aboard the marine vessel ("M/V") Agia Eirini. MARMARAS pleaded guilty to a felony violation for failing to maintain proper records associated with the ship's handling of its waste oil. If approved by the court, the plea agreement requires that MARMARAS pay a criminal fine of $200,000, develop and implement a comprehensive environmental compliance plan for its fleet of twenty-eight (28) ships that call on United States ports, and serve three (3) years on probation.