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.
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
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
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.
Special from the Department of Defense The Navy will commission the newest Arleigh Burke-class guided-missile destroyer, the USS Kidd (DDG 100), June 9 in Galveston, Texas. Designated hull number DDG 100, the new destroyer honors Medal of Honor recipient Rear Adm. Isaac Campbell Kidd Sr. On Dec. 7, 1941, Kidd was commander of Battleship Division 1 and the senior officer present afloat during the Japanese attack on Pearl Harbor
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
"Abu Dhabi" ASW corvette and "Ghantut" FALAJ2 patrol vessel deliverd to United Arab Emirates Navy by Fincantieri's Muggiano Shipyard. Abu Dhabi-class Corvette The "Abu Dhabi class" project has evolved from the "Cigala Fulgosi" one, which led to the construction of four "Commandante" class ships for the Italian Navy. The contract also involves supplying the UAE Navy with logistical support and crew training
Thousands of Navy and Marine Corps supporters attend the commissioning ceremony of the San Antonio class, amphibious transport dock 'USS Somerset', named to honour those who sacrificed their lives when the hijacked United Airlines Flight 93 was brought to the ground on Sept
The U.S. Coast Guard released Friday the Final Action Memorandum of an administrative investigation into the death of Senior Chief Terrell Horne, III during a law enforcement mission on December 2, 2012. Senior Chief Horne was killed when the Coast Guard Cutter Halibut’s small boat was
Russian Maritime Register of Shipping (RS) has performed survey of the forged blanks of a new generation RITM-200 reactor vessel for the lead dual draft nuclear icebreaker Arktika (project 22220). The new icebreaker Arktika is built to RS class with the class notation КМ
Holland America Line said it will retrofit the VDR system of its entire fleet of 15 ships (which annually offers more than 500 cruises to 415 ports of call in 98 countries) with the INTERSCHALT VDR G4, opening up a wealth of new technical possibilities.
State University of New York Maritime College (SUNY Maritime) announced several scholarship availabilities. The Fort Schuyler Maritime Alumni Association, Inc. (FSMAA) is offering $3,000 scholarships to First Class Cadets making both cruises and $1
The U.S. Army Corps of Engineers, Omaha District has awarded two separate contracts to URS Corporation for environmental remediation work at military facilities in Utah and Kansas. At McConnell Air Force Base in Wichita, Kansas, URS will investigate
By Elena Pierce The Navy's newest amphibious transport dock ship, Pre-commissioning Unit Somerset (LPD 25) arrived at its commissioning site of Philadelphia, Feb. 21 in preparation for its commissioning ceremony, March 1. During the port visit
By Paolo Bayas Commander, Task Force (CTF) 70; Commander, Destroyer Squadron (DESRON) 15; and Republic of Korea navy (ROKN) Maritime Task Flotilla (MTF) 7 held a Composite Warfare Committee (CWC) to improve combined warfighting skills and strengthen the U.S. and ROKN alliance, Feb. 17-20.
The Tampa Bay pilot association has ordered its second Chesapeake Class launch and the first in a new generation of Gladding-Hearn Shipbuilding’s popular, smaller pilot boats. Delivery is scheduled for 2015. Since the Chesapeake Class pilot boat was introduced by the Somerset
The Independent Committee of the Scania Board of Directors has begun its work to consider Volkswagen's buyout offer and confirms it has noted that Volkswagen does not foresee any significant changes with regards to Scania and that Scania’s headquarters and its development centers will remain
Fireworks marked the first cut of steel in a ceremony last night as construction of TOTE, Inc.’s new Marlin Class, the first liquefied natural gas (LNG)-powered containership in the world, began at the General Dynamics NASSCO shipyard in San Diego, Calif.
Inchcape Shipping Services (ISS) warned that this week’s industrial action by truck drivers serving Port Metro Vancouver is expected to severely impact Canada's largest and most diverse port. A strike notice has been issued to the port authority by the United Truckers Association
This afternoon HMAS Waller, one of the Royal Australian Navy’s submarines, experienced a fire whilst on the surface off the West Australian coast. Emergency response actions were taken to extinguish the fire. There were no causalities
HMAS Waller, one of the Royal Australian Navy’s submarines, experienced a fire whilst on the surface off the West Australian coast. Emergency response actions were taken to extinguish the fire. There were no causalities. As a precaution four members of the ship’s crew who were
Huntington Ingalls Industries informs it will host commencement exercises for The Apprentice School's graduating class of 2013. Danny Hunley, Newport News Shipbuilding's vice president of operations and Apprentice School graduate, will provide the keynote address on Saturday, 29, February 2014.