STX Pan Ocean fined $2.2 mln for falsifying records

Fri Jun 5, 2009 9:55pm BST
 
Email | Print | | Single Page
[-] Text [+]

WASHINGTON, June 5 (Reuters) - A federal judge in Florida ordered the Korean corporation STX Pan Ocean Co Ltd (028670.KS) to pay $2.2 million in penalties and serve four years probation for falsifying environmental compliance records, the U.S. Justice Department said on Friday.

The judge also ordered STX to implement a detailed environmental compliance plan, including monitoring of its fleet-wide operations for the next four years, training for crew members and engineering alterations to protect gulf and ocean waters, the department said.

The company pleaded guilty in April to four felony offenses committed by crew members aboard the commercial cargo ship M/V Ocean Jade, the department said. (Reporting by James Vicini, Editing by Leslie Gevirtz)

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos