Maersk and Hapag-Lloyd line up major newbuild order to boost Gemini fleet
Newbuilding activity has continued unabated, as liner operators compete for market share ahead of the ...
ZIM: EXIT STAGE LEFTDSV: ZERO US TARIFFS IMPACT XPO: LOOKING GOODAMZN: PARTNERSHIP EXTENDEDWMT: ON A ROLLDSV: SLOW START AAPL: LEGALUPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATION
ZIM: EXIT STAGE LEFTDSV: ZERO US TARIFFS IMPACT XPO: LOOKING GOODAMZN: PARTNERSHIP EXTENDEDWMT: ON A ROLLDSV: SLOW START AAPL: LEGALUPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATION
The argument between bankrupt Bed Bath & Beyond (BBBY), and shipping line OOCL, has become fiercer. OOCL has hit back against the retailer’s $31m claim, made to the Federal Maritime Commission.
It denied that it had driven up rates, “created artificial scarcity, unjustly and unreasonably exploited customers”, pointing instead to the fall-out from the Covid pandemic, which had constrained supply chains, reports Yahoo. It argued that instead, OOCL had invested in new capacity and had worked cooperatively with customers.
It added: “BBBY is asking the commission to invent contract requirements that were not bargained for or agreed to between the parties. Respondents performed all the commitments as required by the service contracts, which were amended by mutual agreement before their expiration, and duly filed with the commission.”
The case continues…
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