(U.S. Navy photo by Mass Communication Specialist 1st Class Vladimir Ramos/Released)

The Maritime Executive reports that Inchcape Shipping Services Holdings Ltd. and subsidiaries will pay $20 million to settle a lawsuit involving allegations that the company overcharged the U.S. Navy for supplies and services at ports around the world between 2005 and 2014. The contract rate discrepancies were exposed when whistleblowers at the company came forward with information. Read more of the report.