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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


Kongsberg Launches DPS for Workboat Market

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


USCG Respond to Disaster Ashore

U.S. Coast Guard photo by Petty Officer 1st Class Blake 	  					Marino and Fireman Michael Quigley)

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


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


Ingalls Begins Building US Navy’s Next Destroyer

Ima Black reacts after starting a plasma cutter machine at Ingalls Shipbuilding, officially beginning construction of the Arleigh Burke-class destroyer Delbert D. Black (DDG 119), which is named in honor of her late husband. (Photo by Andrew Young/HII)

Ingalls Shipbuilding has begun fabrication of Destroyer Delbert D. Black (DDG 119) for the U.S. Navy   Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division Tuesday marked the start of fabrication for the U.S. Navy’s Arleigh Burke-class (DDG 51) guided missile destroyer


Simrad Launches New Pro Line Products

ARGUS 250WS P

Simrad launched three new products in its professional line: the HS60 GPS Compass, V5035 Class-A AIS, and M5000 Series Monitors. Simrad HS60 GPS Compass The new GPS compass, the HS60, brings expanded functionality to traditional heading sensors such as rate-of-turn and pitch-and-roll output


USN, RSN Achieve New Milestones During CARAT 2015

A Sikorsky S-70B Seahawk helicopter from the Republic of Singapore navy lands aboard the littoral combat ship USS Fort Worth (LCS 3) during deck landing qualifications as part of Cooperation Afloat Readiness and Training

  The U.S. Navy and Republic of Singapore Navy completed the 21st annual Cooperation Afloat Readiness and Training (CARAT) Singapore after 11 days of comprehensive training both at sea and ashore, July 24. CARAT Singapore featured a series of dynamic training engagements including a


Cruise Industry Wins Key Norovirus Judgment

Maria Pittordis (Photo: Hill Dickinson)

In what is being seen as a landmark decision, Hill Dickinson is the first law firm to have successfully defended a UK class action case involving a Norovirus outbreak onboard a cruise liner.  The case, which involved an outbreak of gastroenteritis onboard the “THOMSON SPIRIT”


Russian Submarines in Alaska?

Borei-class nuclear ballistic missile submarine (SSBN). Photo by US Naval Institute

 Russia is expected to finish the construction of a submarine base on the Kamchatka Peninsula by the end of October.   "Upgrades to the Russian Navy’s ballistic nuclear missile submarine (SSBN) base in the Pacific could be completed by October, Russian Navy chief Adm


Container Ship Industry ‘Lucky to Break Even' in 2015,

Image: Maersk Line

 Global shipping consultancy Drewry predicts the container ship industry will be "lucky to break even this year" as shipping rates slump due to catastrophic overcapacity.   A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner


New Rescue Vessel Marks Milestone for Craig Group

L to R: Grampian Devotion Master, Malcolm Trott, with Craig Group chairman and managing director, Douglas Craig, and North Star Shipping managing director, Callum Bruce.

North Star Shipping has reinforced its fleet of next generation vessels after taking delivery of its new ERRV, the Grampian Devotion, in Aberdeen.   The latest vessel represents the eighth and final D-class IMT-950 Emergency Response and Rescue vessels (ERRVs) that the company has had


Strike call at Necochea Port, Argentina

Logo

  Inchcape Shipping Services (ISS) is advising of pending strike action by customs staff at the Port of Necochea, Argentina. The ‘pen down’ strike (staff will attend their place of work but not perform any duties) is pay-related and scheduled to take place on the following


Strike at Port of Necochea Postponed

ISS

  Inchcape Shipping Services (ISS) is advising that planned strike action by customs staff at the Port of Necochea, Argentina, has been lifted and suspended for 15 days. The ‘pen down’ strike was scheduled to take place on the following dates: July 10, July 16 and July 17 2015


Sub France Wants Australia to Buy

Barracuda-class submarine. Photo by DCNS

 The French company DCNS has released details of the new submarine it wants to build for Australia as a replacement for the navy's Collins subs.   DCNS is offering Australia a new submarine design it calls the Shortfin Barracuda as its contender in the $50 billion new submarines project


'Kayaktivists' Take Shell Arctic Protest Nationwide

Noble Discoverer transits Puget Sound after its departure from the Port of Everett, Wash., June 30. Noble Discoverer was the last of three oil drilling and support vessels to depart western Washington for the Arctic this summer. (USCG photo by Amanda Norcross)

Environmental activists in the U.S. prepare to take their so-called “kayaktivism” nationwide as they urge lawmakers to revoke oil and gas exploration leases in the Chukchi Sea, says environmental group Friends of the Earth. The group’s “Shell No” day on July 18


USCG’s New Cutter Sails from Ingalls

The National Security Cutter James (WMSL 754) sails away from Ingalls Shipbuilding. (Photo: Lance Davis/HII)

The National Security Cutter James (WMSL 754) sailed away from Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division on Sunday, July 12, one month after being delivered to the U.S. Coast Guard, HII announced.   The newbuild vessel James will be commissioned on August 8 in


Latvia Spots Russian Submarine

Image: ACIG.org

 The National Armed Forces of Latvia said they found a submarine on Sunday and a group of Russian warships in the exclusive economic zone of Latvia.   The Sputnik reports that the Armed Forces saw Russian Kilo-class sub and a Tarantul-class corvette between four and six nautical miles


Pipavav Defence Sings Pact with Russian Sub Repairing Firm

Image: Pipavav Defence & Offshore Engineering Co Ltd

 Pipavav Defence & Offshore Engineering Co Ltd (PDOC) has announced a joint venture (JV) with Russia's JSC Ship Repairing Centre Zvyozdochka for medium refits and life certification of eight EKM 877 submarines in the country.  


L-3 Receives Award for U.S. Navy EOSSs

L-3 KEO announced  it has been awarded a multi-million dollar contract option from the Naval Sea Systems Command (NAVSEA) for nine MK 20 Electro-Optical Sensor Systems (EOSSs). L-3 KEO will build and test the systems, as well as perform engineering services activities






 
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