Carnival Corporation’s subsidiary, P&O Cruises, on June 8, 2010, settled a matter raised by the Ministry of the Environment for the Dominican Republic regarding possible environmental damage caused by the Ventura’s accidental grounding off Catalina Island in the Dominican Republic…
Northrop Grumman Corporation estimates that as of March 31, 2010, the range of reasonably possible future costs for environmental remediation sites is US$239 million to US$504 million.
Of those amounts as of March 31, 2010, about US$121 million is accrued in…
Northrop Grumman Corporation recorded environmental remediation costs of US$236 million, which is accrued in current liabilities.
Management estimates that as of June 30, 2009, the range of reasonably possible future costs for environmental remediation sites is US$187 million to US$267 million.
Los…
Todd Shipyards Corporation is investigating the factual allegations and any potential liability related to the discovery of sub surface oil on the property the Company formerly owned in Galveston, Tex.
The Company received notification in November 2006.
The Company had sold the…
Todd Shipyards Corporation continues to be potentially responsible for liabilities at the BKK Landfill facility in West Covina, Calif.
During fiscal year 2005, the Company received notification that it was a potentially responsible party along with 55 other companies and organizations.
The…
Todd Shipyards Corporation continues to provide coverage for the known environmental liabilities at the Harbor Island Superfund Site in an amount not to exceed the policy limits. As of December 28, 2008 these limits exceed its current booked reserves of…
Todd Shipyards Corporation continues to be a potentially responsible party at the Malone Service Company Superfund Site in Galveston County, Tex.
The EPA notified the Company in fiscal year 2005, alleging that the Company’s Galveston shipyard, which ceased operations in 1990,…
Todd Shipyards Corporation reported that the Port of Tacoma, Washington filed a civil action against it during the fourth quarter of fiscal year 2008 in the U.S. District Court (Western District of Washington in Tacoma) for contribution under the Comprehensive…
Northrop Grumman Corporation, as of Sept. 30, 2008, estimated about US$189 million to US$280 million for future costs for environmental remediation sites.
Of the estimated costs, the Company accrued US$230 million in “other current liabilities” as of Sept. 30, 2008.
According to…
BOSTON, Massachusetts — October 6, 2008 — The Southeastern New England Shipbuilding Corp. (Senesco), of North Kingstown, R.I., faces a significant EPA penalty for several violations of both federal and state Clean Air regulations.
A recent EPA complaint alleges that Senesco…