Stelmar, the company at the centre of a failed merger bid, is in the news again, this time after being fined by a US court for a spill from one of its tankers in Los Angeles harbour.

The company was fined almost $5,000 and ordered to pay an extra $1,100 in fees after the Cyprus-flag, 69,684-dwt Goldmar (built 2002) spilt diesel on November 17.The