However, the low-profile owner will pay only a modest fine compared to similar US criminal cases involving discharge violations.

The owner of the 38,300-dwt bulker Stellar Wind (built 1984) will pay just $300,000 plus a minimal special assessment, says a source close to the company.



Details of agreement

Under the agreement, Cleopatra Shipping will plead guilty to one count of violating the Act to Prevent Pollution from Ships (APPS), the US law that implements parts of the International Convention for the Prevention of Pollution from Ships (Marpol).

The