Container lines still ordering more ships, despite falling spot rates
Liner operators and non-operating shipowners have continued to add to their already swollen orderbooks, despite ...
© Bert Folsom
By Alex Lennane
Remember the billion-dollar DSV / Cuban lawsuit? A gloriously absurd, only-in-America, lawyer-enriching set of court cases in which DSV and partners have been accused of unlawfully using expropriated property for financial gain.
More simply put – DSV and its lines used a Cuban port which had been in the hands of North American Sugar Industries until the Cuban revolution, when the government reclaimed it.
Under a law then-president Trump re-introduced in 2019, US nationals with claims to confiscated property in Cuba can ...
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