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Class Action

Trimble Settles Class Action Lawsuit

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 Dismissed from Antitrust Suit

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.


Tidewater Reports 2Q Results

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.


Horizon Lines Acknowledges Suit

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 Set to Defend Canada Price-fixing Lawsuit

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 to Settle Merger Litigation

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


Timeline: BP Oil Spill Litigation

Boom in use around the port of Bayou La Batre, Alabama - May 2010 (Photo: BP)

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 Tacoma Returns to Service

M/V Tacoma (Washington State Department of Transportation)

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


BP Wins One US Court Ruling, Loses Another Over 2010 Gulf Spill

U.S. Coast Guard photo

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


Australia Maritime Museum Calls ‘Action Stations’

Artists impression of the Immersive Cinema Experience: drama, danger and suspense on the big screen with a pumping soundtrack to set the scene. (Image: Australian National Maritime Museum)

The Australian National Maritime Museum’s new “Action Stations” attraction officially opened in Darling Harbour, Sydney, on Sunday, offering guests a uniquely dynamic “Immersive Cinema Experience”.   The $12 million (AUD ) Action Stations attraction, located in a new waterfront pavilion, highlights the history of the Royal Australian Navy (RAN) and its people, the various periods of engagement from World War I to the present day and brings to life the human


Cosco Bypasses Railway Strike by Sea Route

Photo: Greece Piraeus Container Terminal

 Cosco has decided to transfer its containers to the port of Koper in Slovenia from Piraeus in order to deal with the Greek railway strikes.   Cosco has got around the problem created for its freight forwarding network by Greek railway workers’ ongoing strike action by sending


Japan, Vietnam Agree South China Sea Ruling Must Be Observed

Japanese Prime Minister Shinzo Abe agreed with his Vietnamese counterpart that an arbitration court's decision this week on the South China Sea must be observed, Japan's Kyodo news agency said on Friday.   The court in The Hague ruled China has no historic title over the waters of the South


General Dynamics Bags $19 Mln U.S.Navy Order

Electric Boat  Courtesy General Dynamics

General Dynamics Electric Boat has been awarded an $18.9 million contract modification for the continued development of the Virginia Payload Module (VPM). The funds will be used to procure two VPM pre-production setups to support the manufacturing start of the VPM payload tubes


This Day In Naval History: July 25

Ships Sponsor, Naunita Harmon Carroll, and her party at the Fore River Shipyard during the USS Harmon (DE 678) launching ceremonies in Quincy, Mass. on July 25, 1943. (U.S. Navy photo from the Naval History and Heritage Command)

1898 - During the Spanish-American War, a landing party from the armed yacht, USS Gloucester, single-handedly captures Guanica, Puerto Rico. 1943 - The first Navy ship named for an African-American, USS Harmon (DE 678), is launched. USS Harmon is named in honor of Mess Attendant 1st Class


USS Michael Monsoor Christened

Sally Monsoor christens the future USS Michael Monsoor (DDG 1001), which is named in honor of her son, Medal of Honor recipient Navy Petty Officer 2nd Class (SEAL) Michael A. Monsoor. (U.S. Navy photo courtesy of Bath Iron Works)

The U.S. Navy’s newest guided-missile destroyer, Michael Monsoor (DDG 1001), was christened on Saturday, June 18 at General Dynamics Bath Iron Works shipyard in Bath, Maine.   The second ship of the Zumwalt-class, DDG 1001 is named for Petty Officer 2nd Class Michael Monsoor


Webb Institute Holds 120th Commencement Ceremony

Webb Institute’s Class of 2016 at the 120th Commencement Ceremony. Pictured is, Lauren West, Michael Walker, Cody Stansky, Dylan Przelomski, Kelly O’Brien, llya Mouravieff, Brian Mills, and Jenny Lorenc. Photo credit, Kerri Allegretta (Photo: Webb Institute)

On Saturday June 18, Webb Institute awarded 19 Bachelor of Science degrees at its 120th Commencement Ceremony. Each graduating student received a dual degree in Naval Architecture and Marine Engineering.    Webb’s commencement ceremony


Final Agenda for Marad’s Sexual Assault Summit Unveiled

U.S. Maritime Administrator Paul Chip Jaenichen (image: Marad)

The Maritime Administration’s ‘Call to Action’ will address Sexual Assault and Sexual Harassment in the Maritime Industry. Obtained this morning from reliable industry sources, the final agenda for what promises to a lively and possibly contentious meeting set up by the U.S


Kiel Welcomes P&O’s Arcadia on Maiden Call

Arcadia (Port of Kiel)

P&O Cruises’ Arcadia berthed June 22, for her first visit ever to the Port of Kiel, arriving just as the prestigious Kieler Woche sailing regatta marked its half-way point. More than 2,000, mainly British, passengers used the opportunity to visit northern Europe’s biggest maritime


Promoting National Maritime Transport Policy in Saint Lucia

Photo: International Maritime Organization (IMO)

 A national workshop in Saint Lucia has brought together participants from various Government bodies and other stakeholders to discuss the development of a national maritime transport policy.    The workshop is aimed at highlighting the promotion and development of such a policy


Prince Charles Places Final Section of UK Aircraft Carrier

Photo: BAE Systems

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales, (or Duke of Rothesay, as he is referred to in Scotland)


Ingalls to Build US Warship LH8

Rendering of LHA 8 (Image: HII)

Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has been selected to build the U.S. Navy’s next large-deck amphibious assault warship, LHA 8. Ingalls has also been selected to perform the majority of the contract design work for the U.S


7th July, Dockers to Take Action Globally

Dockers are under attack! Fight back by taking action on 7 July Photo ITF

The International Dockworkers’ Council (IDC), International Transport Workers’ Federation (ITF) and European Transport Workers’ Federation (ETF) are calling on dockers’ unions around the world to organise an hour of activities on International dockers’ action day next


JRC Earns Highest DNV-GL INS Type Approval

(Image: JRC)

Japan Radio Company (JRC) has received DNV-GL Integrated Navigation System (INS) type approval for the Multi Function Display (MFD) which also includes the network based ICS suffix.   JRC’s flexible system meets and exceeds the new IMO performance standard resolution MSC


This Day In Naval History: July 7

The first six enlisted women are: Front row: (left to right) Chief Yeoman Wilma J. Marchal, USN; Yeoman Second Class Edna E. Young, USN; Hospital Corpsman First Class Ruth Flora, USN Second row: (left to right) Aviation Storekeeper First Class Kay L. Langen, USN; (hidden behind the front row): Storekeeper Second Class Frances T. Devaney, USN; and Teleman Doris R. Robertson, USN. (NHHC Photo)

1798 - Congress rescinds treaties with France, and the Quasi War begins. 1846 - During the Mexican-American War, Commodore John D. Sloat, disembarks from his flagship frigate, USS Savannah, at Monterey and claims California for the U.S.


China Loses on South China Sea Ruling

The United States urged all parties to avoid provocative statements or actions after an arbitration court ruled on Tuesday that China has no historic title over the waters of the South China Sea.   "The decision today by the Tribunal in the Philippines-China arbitration is an






 
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