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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


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


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


Austal Starts Navy Boats

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


Q&A on Offshore Safety

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.


CSL St-Laurent on Maiden Voyage

CSL Trillium Class Great Lakes bulk carriers

  The second of Canada Steamship Lines' (CSL) two newbuild Trillium Class Great Lakes bulk carriers, CSL St-Laurent, was delivered on November 26, 2014 and set sail on her maiden voyage on December 13. She departed at 20:00 CST from Yangfan shipyard on Zhoushan Island, China


Nigeria Maritime Workers' Strike Looms Large

Maritime Workers Threaten Pullout Nationwide

  There are strong indications that the Maritime Workers of Nigeria (MWUN) may shut down port operations nationwide from tomorrow (17 December), and begin an indefinite strike over a number of longstanding issues. At the weekend, the union notified the relevant authorities - such as the


Austal Delivers Fourth Cape Class Patrol Boat

Photo: Austal

Austal Limited has delivered Cape Sorell, the fourth of eight Cape Class Patrol Boats being supplied to the Australian Customs and Border Protection Service under a $330 million design, build and in-service support contract.   Austal Chief Executive Officer Andrew Bellamy said it


Port of Cleveland Approves 2015 Investments

Photo: Port of Cleveland

Port of Cleveland budgets for more investments in 2015; reports findings from independent study of Irishtown Bend   The board of the Cleveland-Cuyahoga County Port Authority voted today to accept an annual budget for 2015. The budget includes $20 million in capital investments to enhance


Petrobras' Condensed Report for 3Q, 2014

  Petrobras clarifies that it has been decided not to publish the financial statements for the third quarter of 2014 not reviewed by the independent auditors in view of the new incidents, after the day November 13, 2014, relating, directly or indirectly, with Operation Lava Jato, namely:


US Navy Tests Unmanned Underwater Vehicle

The GhostSwimmer vehicle, developed by the Chief of Naval Operations Rapid Innovation Cell project Silent NEMO, undergoes testing at Joint Expeditionary Base Little Creek - Fort Story. Project Silent NEMO is an experiment which explores the possible uses for a biomimetic device developed by the Office of Naval Research. (U.S. Navy photo by Edward Guttierrez III)

The U.S. Navy completed tests on the GhostSwimmer unmanned underwater vehicle (UUV) at Joint Expeditionary Base Little Creek-Fort Story (JEBLC-FS), Dec. 11.   GhostSwimmer is the latest in a series of science-fiction-turned-reality projects developed by the chief of naval operations' Rapid


Damen Performs Cruise Ship Maintenance

Photo: Damen

Astor and Marco Polo receive refurbishment and class survey work   Damen Shiprepair & Conversion has recently carried out a number of cruise ship repair and refurbishment projects in the Netherlands, including Astor and Marco Polo, both operated by Cruise & Maritime Voyages


Winter Storm to Hit San Francisco Bay

California braces for fiercest storm

  A major winter storm is forecast for the San Francisco Bay this week. The storm is forecast to impact the entire Bay Area region, Monterey, and Lake Tahoe. Patchy fog, heavy rain, gale force winds (in excess of 34 knots) and increased wave action are expected Wednesday night


IMO, UN Agencies Address Maritime Migration

Koji Sekimizu (Photo: UNHCR / Jean-Marc Ferré)

The International Maritime Organization (IMO) has joined with other UN agencies in calling for concerted action from the international community to address the problem of the loss of life, injury, trauma and serious human rights violations affecting migrants


UN's Ban Concerned on Global Warming Action

U.N. Secretary-General Ban Ki-moon, expressing deep concern about slow action to combat climate change, told governments at U.N. talks in Lima on Tuesday there was no "time for tinkering" and urged a radical shift to greener economies.


RCCL: Bayley, Lutoff-Perlo take CEO Posts

Michael Bayley

Royal Caribbean Cruises Ltd (NYSE, OSLO: RCL) named two senior company executives to lead the company’s two largest brands. Michael Bayley, who worked his way up from an assistant purser’s position aboard the Nordic Prince, will serve as President and CEO of Royal Caribbean


World’s First LNG-Ready Ultra Large Container Ship Named

A15_Sajir web.jpg

The race is on in global maritime circles to be the “world’s first” in every aspect of environmental friendliness, particularly in regards to the incorporation of LNG as fuel onboard commercial ships. There was yet another “world first” today in South Korea at the


Bollinger Delivers 11th FRC to the US Coast Guard

USCGC William Trump during builders trials in the U.S. Gulf of Mexico.

Bollinger Shipyards, Inc. has delivered the William Trump, the 11th Fast Response Cutter (FRC) to the United States Coast Guard.   The announcement was made by Bollinger Chief Operating Officer, Ben Bordelon: “We are extremely happy to announce the delivery of the latest FRC built by


Song Thu Lays Keel for New Dredger

Photo courtesy of RS

The construction of a new vessel of dredging fleet, project TSHD 2000, has been launched to the RS class in Da Nang, Vietnam. The keel laying ceremony was held at Song Thu Corporation shipyard November 21, 2014. It was attended by Andrey Tarasenko, General Director of FSUE Rosmorport


LR to Class Maersk Supply Service Anchor Handlers

The six vessels (plus four options) placed in the Norwegian yard will be assigned Lloyd’s Register (LR) class notations 100A1, Offshore Supply Ship AHTS, Fire Fighting Ship 1 (2400), Ice Class 1A PS, RD (2.8), IWS.   Steel cutting is expected to begin in June 2015 with the first two






 
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