New Trade Ship Management S.A. Settlement
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New Trade Ship Management S.A. Settles For $6,500
In June 2026, the California Air Resources Board (CARB) reached a settlement with New Trade Ship Management S.A., with its principal location in Greece, for the company’s violation of the Fuel Sulfur and Other Operational Requirements for Ocean-Going Vessels Within California Waters and 24 Nautical Miles of the California Baseline (Ocean-Going Vessel Fuel Regulation), as codified in the California Code of Regulations, title 13, section 2299.2, and title 17, section 93118.2.
Following a routine inspection and an investigation conducted by New Trade Ship Management S.A. and CARB staff, it was revealed that the New Trade Ship Management S.A. vessel New Venture failed to operate on compliant fuel upon entry into Regulated California Waters in 2025. CARB alleged one vessel in violation for a penalty of $6,500, under Health and Safety Code section 39674. New Trade Ship Management S.A. took prompt action after being notified of these violations and, under CARB’s supervision, began operating in compliance.
To settle the case, New Trade Ship Management S.A. agreed to the total penalty amount for the violation. This amount will be deposited into CARB’s Air Pollution Control Fund, which provides funding for projects and research to improve California's air quality. New Trade Ship Management S.A. agreed to comply with CARB regulations going forward.