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
Horizon Lines, Inc. announced it has reached an agreement in principle providing for the settlement and dismissal, with prejudice, of the consolidated putative class action complaint pending in the Delaware Court of Chancery in connection with Horizon's proposed merger with Matson Navigation, Inc., a subsidiary of Matson, Inc. Pursuant to the settlement with plaintiffs, which is subject to Court approval, Horizon agreed to make certain supplemental disclosures to Horizon's stockholders
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.
A U.S. appeals court said BP Plc, which in July reached a $18.7 billion settlement of federal, state and local claims over the 2010 Gulf of Mexico oil spill, must face one of two proposed class-action lawsuits claiming that the oil company defrauded shareholders over the disaster. The 5th U.S. Circuit Court of Appeals in New Orleans said investors who bought BP's American depositary shares in a 33-day period soon after the spill may pursue group claims that BP initially
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
Washington State Ferry M/V Tacoma will return to work on the Seattle/Bainbridge Island route starting March 28 after suffering electrical damage last summer. The Tacoma lost power and suffered significant damage to its electrical switchboard system transiting from Seattle to Bainbridge Island in July 2014, requiring ferry maintenance workers, engineers and contractors to spend eight months inspecting and rebuilding the system
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
KEP Marine releases today the innovative network video recording system and new HD cameras. The plug-and-play KVNR-8001 network video recording system is simple to install with easy to use commands and remote operating capability. Offering high definition footage recorded at 30 frames
Bulk freight shipper Rand Logistics, Inc. has taken delivery of its newest Canadian self-unloading vessel, increasing its fleet to 16 ships, including 10 Canadian flagged and six U.S. flagged vessels. According to Rand, the new vessel will have the largest carrying capacity of any
The sudden appearance of a submarine has caused excitement among hundreds of ferry users at Penang Port, Malaysia. The Australian navy submarine HMAS Sheean arrived in for a visit Penang at around 11.30am Monday. HMAS Sheean is in the port for the crewmen’s holiday before they
On 22 September 2015 within the frames of the 13-th International Maritime Exhibition and Conferences of Russia – NEVA 2015, Russian Maritime Register of Shipping (RS) and DAMEN Shipyards Group signed a Memorandum of Understanding on construction to the RS class of four new ASD 2609
Environmental teams from the Port of Los Angeles and Port of Long Beach will hold a joint community workshop on Oct. 14 to gather input on the next update of the Clean Air Action Plan (CAAP). Initially adopted in 2006 and updated in 2010
The Royal Australian Air Force has confirmed that aircraft wreckage found in waters south of Cairns is that of RAAF Number 11 Squadron Catalina A24-25 that crashed on 28 February 1943, killing all 11 personnel on board. Chief of Air Force, Air Marshal Leo Davies AO, CSC
Transas Marine informs it has installed and commissioned the Transas T-Bridge integrated bridge systems aboard three ice class vessels built by Keppel Singmarine, the specialized shipbuilding subsidiary of Keppel Offshore & Marine. Transas supplied Integrated Bridge Systems including full
Singapore Technologies Marine Ltd (ST Marine) delivered the second Patrol Vessel RNOV Shinas to the Royal Navy of Oman (RNO). The Company also held the Naming Ceremony for the third PV RNOV Sadh built for the Navy. The Guest-of-Honour was the Commander of the Royal Navy of Oman
Finland's three big trade union federations plan industrial action on Friday against the government's labor reform program. Hence, Finnish ports, already suffering from container traffic declines, are set to shut on Friday 18 September.
Air Liquide, Michelin, Sodexo and Total are joining forces to assist refugees being resettled in France. The initiative was driven by the solidarity felt by employees and management of these companies for the refugees, mostly coming from Africa and the Middle East, and their suffering.
Specialized shipbuilder Keppel Singmarine Pte Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), says it is on track to deliver three ice-class vessels to Bumi Armada Offshore Holdings Ltd, a subsidiary of Bumi Armada Berhad in September.
The Royal Navy of Oman (RNO) celebrates the delivery of its second of four new patrol vessel, together with the naming of its third, at an event hosted by shipbuilder Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering).
Donegal fishermen are counting their lucky stars after a near-miss with a submarine last week. A shocked fisherman has described his close encounter with a submarine, which emerged from the water 200 yards away from his boat.
Cape York, the last of eight new Cape Class Patrol Boats for Australian Border Force (formerly Australian Customs and Border Protection) has been delivered by shipbuilder Austal Limited under a $330 million design, build and in-service support contract.
German navigation system manufacturer Raytheon Anschütz has completed factory acceptance tests and delivery of 12 sets of navigation radars for the Canadian Navy’s Halifax-class frigates. The scope of onboard systems covers X-/ and S-Band radars with high-performance