Containership charter market feels the ripples from trade tensions
The charter market for containerships is diverging in response to the many pressures on supply ...
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 ...
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