FMC Approves Settlement Between Bed Bath & Beyond, MSC
A Federal Maritime Commission administrative law judge has approved a confidential agreement to settle allegations by Bed Bath & Beyond Inc. that ocean carrier Mediterranean Shipping Co. (MSC) violated the terms of a service contract and unjustly assessed millions of dollars in demurrage and detention fees, according to an FMC notice released March 21.
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MSC denied the allegations in the complaint, which Bed Bath & Beyond filed in November 2023 (see 2311280049). Bed Bath & Beyond is now identified as 20230930-DK-Butterfly-1 because of its April 2023 bankruptcy filing.