FMC issues record $45.6m reparations ruling against OOCL

A US administrative law judge has ordered Orient Overseas Container Line (OOCL) to pay a record $45.6m in reparations to the bankruptcy estate of collapsed retailer Bed Bath & Beyond, in a ruling that could reshape how ocean carriers honour service contracts during periods of extreme market disruption. Chief administrative law judge Erin Wirth issued …

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