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.
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, 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
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
MarineNews: How long has your current safety training program been in place? Bruce Adams: The current Schlumberger New Employee Safety Training program (NEST), was developed in 1991. This is a six day, intensive training course covering a variety of mandatory safety topics. In 1992, the National Ocean Industries Association (NOIA) recognized the program as the best overall training program in the offshore industry and awarded Schlumberger the NOIA "Safety in Seas" award for 1992.
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
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
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
The fourth Russian-Japanese seminar Development of Cooperation in Shipbuilding and Ship Repair, organized by Russian Maritime Register of Shipping (RS) and the Japan Ship Machinery & Equipment Association (JSMEA), was held September 4-5 in St. Petersburg.
Late last month, NASSCO engineers placed the world’s first dual-fuel slow speed engine into the World’s First Liquefied Natural Gas (LNG) powered containership. The ME-GI engine represents the next generation of technology that will open the door to a cleaner and safer shipping
9760 Shepard Rd Macedonia, OH 44056 Telephone: 800 573 0850 E-mail: email@example.com Website: www.tradesmeninternational.com CEO/President: Joseph O. Wesley Number of Employees: 9,500 The Company: Tradesmen International provides custom staffing solutions that
US Department of Defense informs BAE Systems Hawaii, Honolulu, Hawaii, is being awarded a not-to-exceed $22,905,907 undefinitized contract action to a previously awarded contract (N00024-14-C-4412) for repair and alteration of USS Hopper (DDG-90).
Japanese ship classification society ClassNK says that in response to the casualty of containership “MOL COMFORT” which occurred on 17, June 2013, it established an 'Investigative Panel on Large Container Ship Safety', comprised of leading experts from shipbuilders
Mitsui Engineering & Shipbuilding Co., Ltd. (MES), its subsidiary, MES Technoservice Co., Ltd. (STS) have retrofitted latest hybrid system to the existing five units of RTGs with two months erection period at site and successfully handed over to Leam Chabang International Terminal Co., Ltd
Cash-strapped ferry operator SNCM looks set to seek legal protection from its creditors after Europe's highest court ruled on Thursday it must pay back 220 million euros ($289 million) of French state aid. SNCM, owned 66 percent by transport group Transdev
Transfer of flag follows ABS' designation as Recognized Organization ABS has added the first Japanese-flagged vessel to its classed fleet after having been awarded the status of a 'Recognized Organization' (RO) by the Japanese government.
Strong growth in the numbers of ships being transferred into BV class has pushed the Bureau Veritas classed fleet past the 100 million gross tonnes milestone. At the end of the first half of 2014 Bureau Veritas classed 10,700 ships totalling over 100 million gross tonnes.
Capt. Michael Taylor relieved Capt. Robert Crowe as commanding officer, Supervisor of Shipbuilding (SUPSHIP), Bath, during a ceremony at Bath Waterfront Park on Sept. 5. As the 30th commanding officer, Taylor reports to SUPSHIP Bath after serving most recently as the test and
Pre-Commissioning Unit (PCU) 'John Warner' (SSN 785), will be the first Virginia-class attack submarines to be homported in Naval Station Norfolk, following its christening by Mrs. Jeanne Warner at Newport News Shipbuilding yard, informs the US Navy.
Heroin from Afghanistan is increasingly trafficked through the Indian Ocean and more international action is needed to prosecute smugglers on the high seas, the United Nations anti-crime and drug body said on Tuesday. In the last 18 months, more than 4
ABS, a provider of classification services to the maritime and offshore industries, has been chosen to class the world's first contracted series of very large ethane carriers (VLECs). The class contract for the ships, which will be built in Korea by Samsung Heavy Industries (SHI) for an Asian
The U.S. government should ensure that international trade of U.S. natural gas, and potentially crude oil, will offer opportunities for the domestic shipping industry, maritime groups said on Wednesday. Booming shale gas production has put the United States on track to become a major exporter
Brent crude dropped below $98 a barrel on Thursday, falling for the sixth straight session, as worries about ample supply and weak demand, which have dragged prices to 17-month lows, outweighed geopolitical concerns in the Middle East. * US air strikes could threaten Islamic reprisals -risk