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2009 June 8   06:46

STX Pan Ocean fined $2.2 mln for falsifying records

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.

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