Costamare Shipping Company S.A. Settlement
Costamare Shipping Company S.A. Case Settles for $10,000
Costamare Shipping Company S.A. paid $10,000.00 in penalties to the California Air Resources Board, for violating air quality regulations. This settlement was reached on April 14, 2016. An investigation by the ARB showed that the Costamare Shipping Company S.A. vessel Navarino, failed to switch over to compliant distillate fuel, the fuel analyzed for sulfur content came back higher in sulfur than the regulated limit. Costamare Shipping Company S.A. took prompt action after being notified of these violations and under ARB’s supervision began operating in a compliant fashion. To settle the case, Costamare Shipping Company S.A. agreed to the $10,000.00 penalty and to comply with ARB regulations.