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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


Germany Fights for Indian Submarine Contract

Image: ThyssenKrupp Marine Systems GmbH

 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 Graduates 48 4-Yr Apprentices

image

  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


UK North Sea Workers Give "Overwhelming" Support for Strike

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


Swire Pacific Offshore Acquires 2 Newbuildings

Joint Naming ceremony of Pacific Centurion & Pacific Goldfinch

  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


USS Normandy Retrieves Abandoned Narcotics

The guided-missile cruiser USS Normandy (CG 60) breaks from formation during a maneuvering exercise with the aircraft carrier USS Theodore Roosevelt (CVN 71). (U.S. Navy photo by Mass Communication Seaman Anthony N. Hilkows

  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


Graduation Ceremony of MOL Filipino Seafarers

MOL President Koichi Muto delivers his address at the graduation ceremony

  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.


San Diego Launches Blue Tech Vision

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


Europol Launches JOT to Combat Illegal Sea Migration

Map by Europol

 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


Cadets from "N. Vaptsarov" Take Part in Antiterrorist NATO Exercise

Frigate Daring

  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 Delivers Fifth Cape Class Patrol Boat

Cape Class Patrol Boat - Cape Jervis (Photo: Austal)

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 Opposes Boskalis Legal Action

Fugro logo

  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


Shell's Arctic-Drilling Fleet at West Seattleā€™s Terminal 5

 Shell in the Arctic: Pic by SHELL GLOBAL

 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 Builds Nuclear Submarine "Arkhangelsk"

Image by Sevmash shipyard

 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


IACS and European Commission Hold Joint Workshop to Kick Off European Shipping Week

Philippe Donche-Gay (Photo courtesy of IACS)

  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


Record Thames Ridership

River Action Plan delivers record Thames ridership

  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






 
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