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.
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
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
German giant ThyssenKrupp Marine Systems (TKMS), the parent company of leading submarine builder HDW, will offer India its HDW Class 214 vessel, with an eye to huge project of Indian Navy for six submarines, reports PTI.
Austal USA combined two classes to graduate a total of 48 members of Austal’s cutting-edge four-year apprenticeship program yesterday at a formal ceremony held at the Arthur R. Outlaw Mobile Convention Center. The graduates received their certificates of completion and designation as
Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative ballot which closed at 1200 GMT on Friday. Unite's members covered by the Offshore Contractors' Agreement delivered a 93
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel, and Pacific Goldfinch, a Platform Supply Vessel (PSV) at the dual vessel naming ceremony held on Tuesday
The Ticonderoga-class guided-missile cruiser USS Normandy (CG 60) recovered more than 1,000 pounds of illegal narcotics while transiting the Mediterranean Sea, March 21, 2015. While conducting routine flight operations, the pilots of an MH-60 Seahawk helicopter assigned to Helicopter
Mitsui O.S.K. Lines, Ltd. today announced the graduation of 105 students in the fourth class of the "3rd Year Program," which MOL introduced with the goal of developing crewmembers who will uphold strict safety standards in vessel operation.
Mayor, Supervisor & City Council President Propose Blue Tech Incubator As part of a new blue tech vision that will create more maritime jobs for the San Diego region, Mayor Kevin L. Faulconer and County Supervisor Greg Cox today proposed an initiative that was jointly approved
European Union law enforcement agency Europol has launched Joint Operational Team (JOT) Mare, in a bid to combat irregular migration through the Mediterranean Sea. Hosted at Europol headquarters in The Hague, JOT Mare will combine Europol’s intelligence resources and the EU
Second permanent naval group of NATO ships patrol / SNMG 2 / in stock ships from the US, Germany, Italy, Canada, Turkey, together with the frigate "Daring" in the composition of the Navy commander captain II rank Georgi Savov doctrine held in the Black Sea
Austal Limited has delivered Cape Jervis, the fifth of eight 58-meter aluminum monohull Cape Class Patrol Boats for the Australian Customs and Border Protection Service under a $330 million design, build and in-service support contract.
Fugro received a writ of summons from Boskalis to force a shareholder vote at its annual shareholders meeting scheduled for 30th April 2015 on a recommendation in respect of one of Fugro's three protective measures, i.e. the Foundation Continuity Fugro ("Stichting Continuïteit
The Seattle Port Commission is seeking a passage to calmer waters after facing protest and song over its lease of Terminal 5 to provide a staging area for Royal Dutch Shell’s Arctic oil drilling fleet. The city’s Department of Planning and Development will “review
Russia’s Sevmash shipyard will hold a groundbreaking ceremony for its next generation Project fifth Yasen-M multirole nuclear submarine, the Arkhangelsk, on March 19. The Yasen-class subs are touted as the most advanced nuclear-powered multipurpose underwater craft in the
The International Association of Classification Societies (IACS) held a joint workshop in Brussels with the European Commission to kick off European Shipping Week, the association announced today. The joint workshop featured speakers from the European Commission's Transport
A record 9.8 million passengers are using the River Thames, two years on from the launch of the Mayor's River Action Plan, it was announced today. The River Action Plan, launched in February 2013, details a host of measures designed to increase the number of river passengers to 12