7.2 C
Hamburg
Wednesday, March 26, 2025
Home Most Popular Maersk's subsidiary Hamburg Süd hit by largest FMC fine

Maersk’s subsidiary Hamburg Süd hit by largest FMC fine

Hamburg Süd, owned by Danish giant ocean carrier Maersk, received the largest penalty from the Federal Maritime Commission (FMC) for the OJ Commerce (OJC) case.

Florida-based e-commerce firm OJC filed a case with the FMC in December 2021, seeking US$100 million in damages accusing Hamburg Süd of contract breaches and unreasonably high prices.

FMC said in its statement “This case raises novel legal issues about refusal to deal claims, retaliation claims, and calculation of reparations.”

FMC decided to fine Maersk-owned box carrier with US$9.4 million, which is more than three times higher than any other FMC penalties announced this year.

Both companies disagree about many of the factual allegations, according to the Commission, which noted the parties heavily litigated this proceeding, with multiple motions to compel evidence filed and allege that the other party violated discovery requirements.





Antonis Karamalegkos
Managing Editor

Latest Posts

DP World, Reliance Industries team up on innovative rail solution

DP World and India’s Reliance Industries have partnered to launch an innovative logistics solution for the petrochemicals industry, shifting product transport from road to...

Maersk and Port of NY&NJ reach lease extension deal for APM Terminals Elizabeth

Maersk and the Port Authority of New York and New Jersey (PANYNJ) have agreed to extend APM Terminals Elizabeth's lease through December 2062. The deal...

Noatum Maritime receives first LNG-powered vessel for United Global Ro-Ro JV

Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, has received its first LNG-powered Pure Car and Truck Carrier (PCTC) Ro-Ro vessel,...

The Green Gamble: Navigating Risks and Opportunities in Sustainable Ship Financing

Reed Smith, in partnership with DNV Maritime Advisory, organized "The Green Gamble: Balancing Risks and Opportunities in Shipping Investments" seminar at their London office. This...

5 Best Sites to Buy Spotify Saves (Real & Cheap)

The decision to buy Spotify saves can really make a big difference to your music’s visibility and reputation on the platform.  From personal experience, SidesMedia...
error: Content is protected !!