Trimble announced the settlement of the securities class action lawsuit filed on December 6, 1995 against the company and certain of its current and former officers and directors. The final court-approved settlement was funded by insurance proceeds and payment by the company of $1.8 million. The entire amount of the company's obligations was previously reserved. The settlement will not adversely affect Trimble's financial results.
Trailer Bridge, Inc. announced that in a non-final order of the court, the company has been dismissed with prejudice against the named plaintiffs from a lawsuit seeking class action status related to alleged anti-competitive activity in the Puerto Rico marine trade. In an April 30, 2010 ruling by non-final order, the United States District Court for the District of Puerto Rico granted Trailer Bridge’s motion to be dismissed with prejudice from the lawsuit.
Horizon Lines, Inc. announced on Jan. 2 that it has been named as a defendant in a securities class action lawsuit in the United States District Court for the District of Delaware purportedly on behalf of purchasers of the Company's common stock during the period from March 2, 2007 through April 25, 2008. The Chief Executive Officer of the Company, as well as several former employees of the company, were also named as defendants.
NYK Line (Canada) Inc. (CA) has received notice of a class action civil complaint filed against them along with several other ocmpanies on July 4, 2013. NYK Group have also been informed that they are named defendants in the suit served on CA and will likely be named in other suits with CA. 1. Background to the Lawsuit The lawsuit was filed to seek compensation for alleged damages, injunctive relief and other relief alleging a conspiracy to fix price of services for the ocean transportation
Tidewater Inc. announced second quarter net earnings for the period ended September 30, 2007, of $86.5 million, or $1.56 per common share, on revenues of $319.0 million. For the same quarter last year, net earnings were $104.2 million, or $1.86 per common share, on revenues of $274.0 million. The immediately preceding quarter ended June 30, 2007, had net earnings of $87.5 million, or $1.55 per common share, on revenues of $305.5 million.
BP Plc was found "grossly negligent" on Thursday by a federal judge in connection with its role in the 2010 Gulf of Mexico oil spill. The decision by U.S. District Judge Carl Barbier in New Orleans, who oversees litigation related to the disaster, is likely to boost the British oil company's costs emerging from the biggest offshore spill in U.S. history. April 20, 2010 Rig Explodes: An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers
The Coast Guardsmen of Station Cape Charles are used to responding to disasters at sea. On July 24 that changed as they scrambled to a scene where only their training, teamwork and devotion to duty could help them respond to a disaster ashore. Crewmembers on duty were just beginning their physical training when several members heard their phones go off in unison. A tornado had just touched down in a popular campground nearby and ripped through the rows of trailers and tents
Last month Kongsberg Marine launched the Compact DP Series from Kongsberg Maritime. A solution for the smaller vessel and operator, it offers a complete DP class 1 solution for dynamically positioned vessels and is designed to meet the requirements of Offshore Service Vessels and workboats. The system consists of two main components, the cPos and cJoy, both of which use Kongsberg RCU technology, within the (cPos or cJoy) Compact Controller
Production has commenced for the Royal Australian Navy’s (RAN) Armidale Class patrol boats. To be built in Western Australia over a 42-month period, the 12 vessel fleet will act as the principal maritime patrol and response element of Australia’s National Civil Surveillance Program. Project partners Austal Ships and Defence Maritime Services (DMS) held a ceremony attended by Senator David Johnston, Senator for Western Australia, representing the Minister for Defence
Special from the Department of Defense The Navy will commission the newest Arleigh Burke-class guided-missile destroyer, the USS Kidd (DDG 100), June 9 in Galveston, Texas. Designated hull number DDG 100, the new destroyer honors Medal of Honor recipient Rear Adm. Isaac Campbell Kidd Sr. On Dec. 7, 1941, Kidd was commander of Battleship Division 1 and the senior officer present afloat during the Japanese attack on Pearl Harbor
Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action. India, the world's third largest carbon emitter, is reluctant to follow the United States and China in
Following the installation of a VSTEP desktop trainer classroom last year, the Avante Escuela de la Marina Mercante in Colombia has now purchased a Class A Full Mission Bridge Simulator to further expand its simulator training capacity. The follow-up order for an additional VSTEP NAUTIS Class
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division has officially started fabrication on the U.S. Coast Guard's seventh National Security Cutter (NSC), Kimball (WMSL 756). "We continue to increase our learning on this shipbuilding program
U.S. President Barack Obama and British Prime Minister David Cameron on Friday pushed back against calls for further sanctions on Iran now over its nuclear program, saying such action could harm ongoing negotiations. In a joint news conference, Obama and Cameron urged U.S
Illegal fishing vessels fail to comply with New Zealand Navy’s attempts to board The captains of two illegal vessels in the Southern Ocean have refused to allow the New Zealand Navy to board after HMNZS Wellington hailed and attempted to board both vessels
Shipping firms have paid millions of dollars into U.S. accounts to prevent their vessels from being detained due to non-payment of bills for fuel supplied by the bankrupt OW Bunker, indicating the impact from the collapse of the Danish firm was spreading.
France has to make a crucial decision which will have far-reaching consequences. Whether to deliver two Mistral ships to Russia (which were originally earmarked for the Russian Navy) and face the anger of its NATO allies OR to terminate the Mistral deal
Saga Sapphire heads to the Canaries after repair and refurbishment works at Damen Shiprepair Rotterdam The Saga Cruises-owned Saga Sapphire left Damen Shiprepair Rotterdam December 19 after receiving repair and refurbishment works as well as a scheduled Class Survey. The 199
Secretary of the Navy Ray Mabus announced today that SSN 795, a Virginia-class attack submarine, will bear the name USS Hyman G. Rickover. Mabus named the submarine to honor U.S. Navy Admiral Hyman G. Rickover, the man credited for developing USS Nautilus (SSN 571)
Austal has launched the sixth in-series Cape Class Patrol Boat (CCPB) at the company’s Australian Defense Facility in Henderson, Western Australia. The launch of Cape Leveque marks the third year in a row a CCPB has been launched in the first week of January; preceded by Cape St George
EC Commissioner Dimitris Avramopoulos weighs in on the smuggling of migrants in cargo ships: With regard to the recent events of the smuggling of migrants in the Ezadeen and Blue Sky M cargo ships to Italy, Dimitris Avramopoulos, Commissioner for Migration, Home Affairs and Citizenship
USS Fort Worth (LCS 3) arrived in the search area on Jan. 3, 2015 and has commenced search efforts for Air Asia flight QZ8501 at the request of the Indonesian government. It is the second US Naval Ship to join in the search. Seen the picture is the Logistics Specialist 3rd Class Norrik
A cargo ship abandoned by its crew with 359 Syrian refugees on board was towed ashore in Italy on Saturday in the second such rescue this week, prompting calls for stronger European Union action in the face of new tactics by human traffickers.
The U.S. Department of Commerce said it gave "some" oil companies on Tuesday permission to export a lightly processed crude oil, taking the first action in several months on applications from about 20 energy companies eager to ship the fuel abroad.
Babcock has been awarded a 12-month contract to assist in designing the engineering support solution for the Queen Elizabeth Class Aircraft Carriers. Under the £1.17 million contract the U.K. Ministry of Defense (MoD), Babcock and BAE Systems will work together to develop the optimum