Shipping Cos.' $10M Oil-Dump Fine To Help With Sandy Costs

Law360, New York (March 22, 2013, 8:16 PM EDT) -- Help for the Superstorm Sandy-ravaged coastlines of New Jersey and Delaware is coming in part in the form of a payout from two German shipping companies that on Thursday agreed to pay a total of $10.4 million in fines for dumping oil sludge in the waters of those states and California.

Schoeller Holdings Ltd. subsidiaries Columbia Shipmanagement Deutschland GmbH, based in Hamburg, Germany, and Columbia Shipmanagement Ltd., based in Limassol, Cyprus, entered separate guilty pleas in U.S. District Court in Newark.

The $10.4 million fine was...
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