Bed Bath & Beyond Inc. has filed a complaint against Orient Overseas Container Line Limited and OOCL (Europe) Limited with the US Federal Maritime Commission (FMC).The company is seeking reparations for injuries it alleges resulted from the shipping companies’ violations of the Shipping Act of 1984 by unjustly exploiting the price inflation that occurred in container shipping during the COVID-19 pandemic…
The Poseidon Principles provide a platform for financing shipping’s sustainable future, but the technical guidance underpinning the initiative remains under scrutiny.In July 2023, the International Maritime Organization’s Maritime Environment…
