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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.


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


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.


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


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


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


Algoma Central Orders New Great Lakes Ships

Equinox Class ship Algoma Harvester entering harbour at Port Colborne (CNW Group/Algoma Central Corporation)

Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal   Algoma Central Corporation announced that it has acquired a 2009-built handy size self-unloading ocean class vessel, the Gypsum Integrity, from Gypsum Transportation Limited


UN Cautiously Optimistic with EU Migrant Plan

The United Nations refugee agency said on Friday the European Union's plan to triple its naval search mission in the Mediterranean for migrants was an "important first step towards collective European action." In a statement issued in Geneva


Rolls-Royce to Power Ice-class MPV

Bergen B32:40V12ACD engine (Image: Rolls-Royce)

Rolls-Royce informs it has secured a contract to supply a power and propulsion package for an ice-class multipurpose vessel under construction at Keppel Singmarine for Singaporean ship owner New Orient Marine Pte Ltd.   The propulsion package includes a 1,650kW and two 3


Seapilot Class B AIS Available in North America

Seapilot WiFi-AIS CTRX Graphene (Image: True Heading)

True Heading, a manufacturer of Automatic Identification System (AIS) solutions, GPS compasses and app navigation, announced its complete line of Graphene Class B AIS transponders have received type approval and are now shipping in the North American market.  


China Defends Aggression against Philippine Fishing Fleet

China on Wednesday defended the actions of its vessels in the disputed South China Sea after the Philippines accused China's coast guard of using water cannon on Philippine fishing boats and urged Manila to increase its "education" of its fishermen.


South East Asia Still Hotspot for Piracy

Graphics by IMB Piracy Reporting Centre

 One coastal tanker is hijacked every two weeks on average in Southeast Asia making it the most dangerous seas, the latest piracy report from the International Maritime Bureau (IMB) has warned.   The IMB says more than half of all sea pirate attacks since the beginning of 2015 have


UN: EU Should Do More in Med Migrant Crisis

UN refugee agency calls for intra-European solidarity. The U.N. refugee agency on Tuesday urged European leaders to do more to help Greece and Italy cope with the migrant crisis in the Mediterranean and to put protection of people at the centre of debate.


Marshall Islands Urges Cap on Shipping Emissions

Image: Republic of the Marshall Islands (RMI) Maritime and Corporate Registries

 The Republic of the Marshall Islands (Marshall Islands) Monday issued an emailed press release calling for the International Maritime Organization (IMO) to set a new global target to reduce greenhouse gas emissions from the international shipping industry.  


Delivery Begins for HMS Prince of Wales Bridge

(Photo courtesy of BAE Systems)

The bridge section of the U.K.’s second Queen Elizabeth Class aircraft carrier has been loaded out of its dock hall in Glasgow ahead of its first sea voyage to Rosyth.   Upper Block 07 is where HMS Prince of Wales will be commanded atop the flight deck and is known as the Forward


IMO Conference to Address Ferry Safety

Photo: AMSA

Conference on the enhancement of safety of ships carrying passengers on non-international voyages, Manila, the Philippines, April 24, 2015   The International Maritime Organization (IMO) will hold an international conference on the enhancement of safety of ships carrying passengers on


Marshall Islands Calls for New Emissions Target

Tony de Brum

In a submission to the International Maritime Organization, the Republic of the Marshall Islands, currently the world’s third largest shipping registry, has called for the setting of a new global target for reducing greenhouse gas emissions from international shipping


IMO SG Calls for Urgent Action to Safeguard Migrants

Photo: IMO

International Maritime Organization (IMO) Secretary-General, Koji Sekimizu, today called for coordinated action to safeguard migrants, following the most recent incident involving large-scale loss of life in the Mediterranean.   While recognizing the significant contribution of the coast


HK Dockers Threaten to Strike Over Wages

A pic of Hong Kong Dockers Strike (Courtesy: Hong Kong Dockers Union Facebook page)

 The Hong Kong Dockers Union has threatened industrial action - that may involve a strike - if operators continue to ignore their demand for a 8.5-percent wage increase this year.   The union is an affiliate of the Confederation of Trade Unions and made their demands known at the start


Dual Accreditation for VSTEP DP Simulators

Photo: VSTEP

In a timespan of one month, three types of VSTEP Dynamic Positioning Simulators have been officially certified and accredited by the Nautical Institute and Det Norske Veritas (DNV-GL) certification bodies. The accreditation means the new NAUTIS Dynamic Positioning simulators from VSTEP are fully


G-7 Speaks Out On Chinese Maritime

Meeting of G7 Foreign Ministers in Luebeck, Germany. Picture Courtesy: TACC, Government of Russia

 Foreign ministers from the Group of Seven major nations have warned against “any attempt to assert territorial or maritime claims through the use of intimidation, coercion or force” — a message apparently aimed at China.  






 
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