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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.


BP Wins One US Court Ruling, Loses Another Over 2010 Gulf Spill

U.S. Coast Guard photo

A U.S. appeals court said BP Plc, which in July reached a $18.7 billion settlement of federal, state and local claims over the 2010 Gulf of Mexico oil spill, must face one of two proposed class-action lawsuits claiming that the oil company defrauded shareholders over the disaster.   The 5th U.S. Circuit Court of Appeals in New Orleans said investors who bought BP's American depositary shares in a 33-day period soon after the spill may pursue group claims that BP initially


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


Australia Maritime Museum Calls ‘Action Stations’

Artists impression of the Immersive Cinema Experience: drama, danger and suspense on the big screen with a pumping soundtrack to set the scene. (Image: Australian National Maritime Museum)

The Australian National Maritime Museum’s new “Action Stations” attraction officially opened in Darling Harbour, Sydney, on Sunday, offering guests a uniquely dynamic “Immersive Cinema Experience”.   The $12 million (AUD ) Action Stations attraction, located in a new waterfront pavilion, highlights the history of the Royal Australian Navy (RAN) and its people, the various periods of engagement from World War I to the present day and brings to life the human


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


2015 Congestion Affected Long Beach Port's Air Quality

Pollution Study Reveals impacts of terminal congestion on last year’s air quality

Pollution around the Port of Long Beach has been dramatically cut over the last decade, however, according to the latest study, lingering effects from ships at anchor in early 2015 impacted air quality last year.   The 2015 annual inventory of port-related air emissions


This Day In Naval History: August 17

Cover of the commissioning program for USS McCampbell (DDG 85)

1812 - The frigate, USS President, captures British schooner, HMS L'Adeline, in the North Atlantic.   1841 - Secretary of the Navy George E. Badger signs that the Chief Clerk's signature is valid on the certified copy of the medal citation awarded to Capt


LCS Detroit Delivered to the US Navy

USS Detroit underway during Acceptance Trials on July 13, 2016 (Photo: Lockheed Martin)

Within the Littoral Combat Ship Program (LCS), the consortium consisting of Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM), and Lockheed Martin Corporation, has delivered the future USS Detroit (LCS 7) to the U.S. Navy at FMM’s shipyard in Marinette, Wisc.  


PSV VOS Passion Named in China

Lady sponsor Mireille Vroon is married to Vroons Group Managing Director, Coco Vroon. (Photo: Ulstein)

Platform supply vessel VOS Passion was named in a ceremony on July 18 at Cosco Shipyard in Guangdong, China.   VOS Passion, the fourth of six PX121-type PSVs being built at the shipyard for Vroon, is in the final stages of construction and will be ready for delivery in August.  


UK Cocaine Bust Nets Turkish Sailors 42 years

Two Turkish sailors were jailed for a total of 42 years on Friday after their attempt to smuggle a huge haul of cocaine into Europe was thwarted, partly due to some swift international co-operation between Britain and Tanzania. Some 3.2 tonnes of cocaine


Great Lakes Shipyard Lays Keel for 10 Damen Tugs

Photo: Damen

A keel-laying ceremony was held on August 10 at Great Lakes Shipyard in Cleveland, Ohio for 10 Damen Stan Tugs 1907 ICE. The new Ice Class vessels will be the first tugs to be designed and built to comply with the new Subchapter M Coast Guard regulations


Panama Maritime Authority Eyes More Ships

Image: Panama Maritime Authority

 The Panamanian Maritime Administration is running important market strategies to expand the fleet, the Bulletin Panama quoted Jorge Barakat Pitty, the Administrator of the Panama Maritime Authority (AMP) as saying.    "Thanks to these efforts for the period 2016-2020


Otto Marine Launches Second Arbitration Proceedings

Photo: Otto Marine

 Singapore-based offshore marine group Otto Marine, which is in the midst of a takeover offer by its chairman, has taken a second legal action against payment default, reports Strait Times.    Otto Marine said it has commenced arbitration proceedings against Vettal Mega Services


NSC Munro Passes Builder’s Trials

Munro, the sixth U.S. Coast Guard National Security Cutter (NSC) built at Ingalls Shipbuilding, spent three days in the Gulf of Mexico testing all of the ship’s systems. (Photo: Lance Davis/HII)

U.S. Coast Guard National Security Cutter (NSC) Munro (WMSL 755) has completed builder’s sea trials following three days in the Gulf of Mexico testing all of the ship’s systems.   Munro is the sixth NSC built at Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding


Brexit, Britannia And The Waves

Table: Clarksons Research

 Clarksons Research's this week’s Analysis attempts to put the UK and the EU’s role in shipping in context.   This week, the Bank of England put into place its action plan following the UK referendum on 23rd June, which indicated the British population’s preference to


PSC Inspection on Maritime Labour from September

Photo: The Standard Club

 Paris Memorandum of Understanding (MoU) will be launching a Concentrated Inspection Campaign (CIC) on the Maritime Labour Convention (MLC), 2006.    The aim of the CIC is to verify that the minimum standards for working and living conditions have been implemented on board


Keel Laid for USNS Hershel 'Woody' Williams

Photo: General Dynamics NASSCO

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Tuesday, August 2 for the U.S. Navy’s second Expeditionary Sea Base (ESB) the future USNS Hershel “Woody” Williams currently under construction at the builder’s San Diego shipyard.  


Japan Slams China Over Maritime Issues

Photo: U.S.-China Perception Monitor

 Japan has accused China of being assertive over maritime issues, taking actions that effectively amount to a "fait accompli", reports Strait Times.    In its 484-page annual defence white paper on Tuesday (Aug 2), the defence ministry said the aggressive actions by


MPA Revokes Bunker Supplier Licences of AC Oil

Pic by Maritime and Port Authority of Singapore

 The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of AC Oil Pte Ltd with effect from 29 July 2016.    AC Oil Pte Ltd will no longer be allowed to operate as a bunker supplier or bunker craft operator in the Port


New 'Mega Passenger Ship' for Star Cruises

Concept design of the new Global Class mega cruise ship to be built by MV Werften for Star Cruises (Image: Elomatic)

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,” which, once completed, will be the largest passenger vessel ever built in Germany.  






 
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