this post was submitted on 29 Nov 2023
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MSC Suit Info (www.maritime-executive.com)
submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/theppshow
 

Maritime publication viewpoint.

Complaint link... https://www2.fmc.gov/readingroom/docs/23-12/23-12%20Verified%20Complaint.pdf/

"The latest filing alleges that MSC “took advantage of price inflation in the container shipping sector and unfairly exploited its customers.” They allege MSC engaged in a practice of systematically failing to meet its service commitments in two contracts covering a period from July 1, 2020 through April 30, 2022. The 2021 contract called for the carriage of 4,240 forty-foot-equivalent container units or an average month allocation of 353 FEUs. The filing reports MSC provided 40 percent less or only approximately 2,553 FEUs.

The filing calls MSC's performance under the 2021 Service contract “abysmal.” They contend Bed Bath & Beyond had to make up for the shortfall on the spot market costing it nearly $7.3 million. "

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